Bloomberg BlackRock Inc. yanked custody services from State Street Corp. on more than $1 trillion in client assets as the asset manager seeks to cut costs by putting pressure on vendors. The move of assets to JPMorgan Chase & Co. is part of BlackRock’s strategy to exact lower fees, according to a person familiar with the matter. The bank …

  DUBAI / Reuters Gulf stock markets were mixed on Thursday, supported by strong global equities and oil prices, while Egypt surged on the back of the success of Cairo’s international sovereign bond issue. The Saudi index edged up 0.1 percent though losing stocks outnumbered gainers by 99 to 52. Petrochemical blue chip Saudi Basic Industries added 1.0 percent, while …

Bloomberg The rally in US stocks stalled on Thursday as investors sorted through a raft of corporate results that delivered a mixed picture on the state of the American economy. The dollar rebounded and Treasuries slipped with gold. The Dow Jones Industrial Average held above 20,000 after topping the round-number milestone for the first time Wednesday. Caterpillar Inc. edged higher …