Bloomberg Stocks pulled back from the rally that had pushed equities to records as oil jumped on a forecast for rising demand. The S&P 500 Index slipped and the Stoxx Europe 600 headed for the first drop in six days after US and global benchmarks closed at all-time highs a day earlier. Miners led the decline in Europe as the …

Reuters Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar’s bourse closed at a 52-month low as foreign funds continued to exit. The Riyadh index fell 0.3 percent with Savola declining 1.8 percent to 46.55 riyals, after initially surging to an …

Bloomberg UBS Group AG sees bank profits under pressure as European regulations force lenders to charge for research, breaking apart a decades-old business model that’s prompted a race to provide the cheapest offering. “It will be challenging and it will be rocky” Andrea Orcel, head of UBS’s investment bank, said of the impact of the MiFID II directive in a …