Bloomberg Oil climbed to the highest in nearly two months amid optimism that the US and China are close to locking down a partial trade deal. Futures jumped 1.7% in New York, pushing a weekly advance to 0.8% after White House economic adviser said negotiations between two countries were coming down to final stages. That outweighed US government data which …

Bloomberg Continuing low interest rates could dent US bank profits and push bankers into riskier behaviour that might threaten the nation’s financial stability, the Federal Reserve said in a report. The latest version of the twice-yearly report, meant to flag stability threats on the Fed’s radar, highlighted the rate squeeze facing banks and insurers, noting that it could erode lending …

Bloomberg Singapore’s regulator fined UBS Group AG S$11.2 million ($8.2 million) for misconduct by its advisers that included overcharging clients for trades. UBS’s advisers engaged in acts that deceived or were likely to deceive clients about the spreads and prices on bond and structured product transactions, the Monetary Authority of Singapore (MAS) said. “The conduct of UBS through its representatives …