Reuters Banking shares boosted Saudi Arabia’s stock index on Tuesday to its highest level this year, while other Gulf markets moved little in quiet trade with some foreign investors absent for New Year holidays. The Saudi index closed up 1.3 percent at 7,257 points in its highest trading volume for two weeks, rising above technical resistance at this year’s ...

  London / AFP A plunge in the share price of Toshiba over a possible write-down and the bailout of one of Italy’s top banks were the biggest ripples in otherwise placid trading on Tuesday. “Markets are calm, as thin holiday volumes are in play,” said market analyst Ipek Ozkardeskaya at London Capital Group. However a 12 percent meltdown in ...

  Bloomberg After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale. The first shale boom spurred a global supply glut that started prices sliding in mid-2014, and was amplified that November by a pump-at-will OPEC strategy aimed at market dominance. During the ensuing rout, prices in ...