BLOOMBERG Crude surpassed $50 a barrel for the first time in six months amid signs the global supply glut is coming to an end, buoying currencies where oil is produced. U.S. stocks fluctuated after a two-day rally. A drop in U.S. stockpiles and shrinking output in Nigeria and Venezuela contributed to the gains in Brent, which is up more ...

  DUBAI / Reuters Thursday, but helped carry Dubai’s index higher for a fourth session. Other markets were mixed. The Riyadh index failed to hold on to earlier gains as investors booked profits, snapping two days of gains. Although petrochemical shares remained resilient, with the sub-index advancing 0.3%, it closed 49 points below its intra-day high, a sign that investors ...

  Kuala Lumpur / Bloomberg AirAsia Bhd., Southeast Asia’s biggest budget carrier, reported an almost sixfold jump in quarterly profit amid plans to expand its fleet in a region projected to surpass the US as the world’s biggest air-travel market in two decades, led by China. The Sepang, Malaysia-based company said net income in the quarter through March climbed to ...