Bloomberg Canadian retailers emerged from months of slumping sales with a sharp rebound in February that may ease some worries about consumer weakness. Retailers posted a 0.8 percent gain in sales on the month, Statistics Canada said from Ottawa, versus economist expectations for a 0.4 percent gain. February’s increase was the strongest since May 2018, and follows six straight months …

Bloomberg Eni SpA signed an exploration and production agreement wi-th emirate of Ras Al Khaimah, a further push by the Italian company into the Middle East. The deal between the Rome-based hydrocarbons producer and RAK Petroleum Authority will cover Block A, which includes an area of 2,412 sq kms off the coast, according to a statement from Eni. Eni will …

Bloomberg Hedge funds are betting rising tensions around the globe will keep fueling oil’s rebound this year. Money managers boosted optimistic wagers on West Texas Intermediate crude to the highest since October in the week ended April 16, according to government data released. Total long and short positions swelled to the most in six months, a sign the rally is …