Bloomberg International Business Machines Corp. (IBM) shares jumped in extended trading after the company reported its biggest revenue gain in eleven quarters, driven by demand for cloud services and suggesting Chief Executive Officer Arvind Krishna’s turnaround plan is starting to bear fruit. Sales increased 1% to $17.7 billion in the three months ended March 31, the Armonk, New York-based company ...

DUBAI / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the formation of the “Sports Coordination Council” and the reshuffling of the boards of several federal councils, under the framework of advancing the work of the Federal Government. The council – ...

Bloomberg Oil steadied near $67 a barrel as the benefits of a weaker dollar were offset by the sweep of the coronavirus pandemic across key importer India. Brent futures traded little changed, paring an earlier decline as the dollar slipped, making commodities priced in the currency more attractive. Yet India reported record Covid-19 infections on Monday in a further blow ...