Bloomberg Hedge funds betting that oil’s rally was over missed an 11 percent gain after U.S. crude inventories unexpectedly fell. Short positions in West Texas Intermediate crude jumped 35 percent in the week ended April 5, according to the U.S. Commodity Futures Trading Commission. The next day, the government reported a 4.94 million-barrel drop in U.S. oil inventories, the first ...

Reuters Mexico expects gold and silver production this year to drop while copper output will be flat as low prices continue to weigh on the sector, the government’s top mining official said in an interview. Mario Cantu, the economy ministry’s general mining coordinator, said gold output this year is estimated to reach about 120,000 kilograms, or down nearly 4 percent ...

Reuters The average price of farmland in Canada, the world’s largest canola grower and one of the biggest wheat exporters, will rise at a slower pace in 2016 amid a downturn in commodity prices. Growers should prepare for a “possible easing” of farmland values after prices in many key regions rose at a slower rate in 2015, Farm Credit Canada, ...

Reuters Brazil’s BM&FBovespa SA is arranging loan financing to fund its 12.9 billion reais ($3.6 billion) takeover of rival Cetip SA Mercados Organizados as both companies agreed to form a giant financial exchange with a presence from Mexico to Chile. BM&FBovespa Chief Executive Officer Edemir Pinto, who will run the combined entity, declined to elaborate on the loan. Shares of ...

Khang Vu SPECIAL TO EMIRATES BUSINESS As the race to the White House is heating up, Asian countries are paying close attention to the candidates’ foreign policy platforms. For the last few weeks, international headlines have focused on Donald Trump’s vision of a nuclearized Northeast Asia and his proposal to withdraw U.S. troops from South Korea and Japan if the ...

The five-day visit of the Custodian of The Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, to Egypt is seen as Riyadh’s political and economic support for Cairo to overcome current economic and political challenges. It also reflects the regional role of the two countries: Saudi Arabia, which is the top Arab economy, and Egypt, the ...

Europe’s economic malaise has a lot to do with its crippled banking system. Making that system more fragile seems like the wrong way to address the issue. With the European Central Bank taking interest rates deeper into negative territory and the euro-area economy languishing, investors have become more concerned about the future profitability — and perhaps the viability — of ...

Asia and the Pacific are recognized for leadership in global output, trade, and development. The region has a new opportunity to lead on the 2030 Agenda for Sustainable Development – a multidimensional, multisectoral, and multiagency undertaking. In 2016, the first year of implementation for the Sustainable Development Goals (SDGs), our region faces significant challenges: prioritizing SDG implementation; pace and sequencing; ...

BLOOMBERG Emerging-market currencies and stocks rose for a third day as Chinese inflation data spearheaded an advance in the nation’s equities and a gauge of the dollar extended losses. Ukrainian bonds gained the most in a month after the country’s premier resigned. China’s stocks rose the most this month amid signs of a pickup in industrial demand. Sberbank PJSC led ...

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.17% to close at 4496.32 points. Accordingly the Market Capitalization has lost AED 1.21 billion attaining AED 729.36 billion. A total of 0.95 Billion Shares were traded with a total value of AED 1.04 billion during the trading session of 11-04-2016 through 10346 transactions. The number of companies which ...