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Oil hits two-week high on supply, Mideast concerns

Bloomberg Oil climbed to its highest level in more than two weeks as strong summer demand in the US continued to drain stockpiles. Futures rose as much as 1.3% after the Energy Information Administration reported American crude inventories fell by 8.5 million barrels last week, a seventh straight decline that was higher than all industry and analyst estimates. Stockpiles of ...

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US stocks edge higher ahead of Fed decision; Treasuries rise

Bloomberg US stocks edged higher as strong earnings and a continuation of trade talks helped ease investor concerns. Treasuries rose ahead of the Federal Reserve’s rate decision. The S&P 500 advanced for the first time in three days, fuelled in large part by Apple Inc after the company lifted its forecast. Sentiment also got a boost after US and Chinese ...

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Indian equity gauges cap worst July since 2002, eke out gains

Bloomberg Key Indian equities indexes capped their worst decline for the month of July in 17 years, even as shares eked out gains on Wednesday. The benchmark S&P BSE Sensex climbed 0.2 percent to 37,481.12 in Mumbai, easing its decline this month to 4.9 percent. The NSE Nifty 50 Index gained 0.3 percent to 11,118.00 and is down 5.7 percent ...

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