In the past two weeks, the Chinese government granted President Donald Trump 38 valuable trademarks. They come as tensions between China and the US have cooled somewhat, leading to suggestions that the award is a poorly concealed quid pro quo designed to reward a president with considerable personal business interests. On Tuesday, Senator Ben Cardin went so far as …

  DUBAI / Reuters Major Gulf stock market indexes mostly closed lower on Sunday after oil prices plunged at the end of last week to a three-month low, but shares in Dubai’s Shuaa Capital and Saudi Arabia’s Bank Aljazira surged in response to company-specific news. Saudi Arabia’s index dropped 1.2 percent as the share prices of all 14 listed petrochemical …

  Bloomberg Vitol Group BV, the trader that shipped the first cargo of US crude after export restrictions ended in late 2015, predicts the country’s oil exports will grow “a lot more” because of rising production in Texas. US crude shipments briefly surged to a record 1.21 million barrels a day in mid-February, up from 32,000 in 2010, when most …