Bloomberg South Africa is working on a policy to govern the development of oil and gas resources after calls by potential investors to shield the industry from a long-running debate over laws that apply to mining exploration. The finalising of oil legislation has become more urgent since Total SA announced the first significant deep-water oil find off the coast of …

Bloomberg US stocks fluctuated near all-time highs and Treasuries were little changed as attention turned to a slew of data later in the week that will influence the Federal Reserve’s policy path. The dollar weakened. The S&P 500 was little changed in the last full day of trading before an early close on July 3 and Thursday’s holiday. Data on …

Bloomberg Indian equities extended gains to a second day ahead of a federal budget due later this week that will give an indication of the government’s commitment to providing stimulus for a slowing economy. The advance was led by energy stocks, while drugmakers declined. The benchmark S&P BSE Sensex climbed 0.3 percent to 39,816.48 at the 3:30 pm close in …