Bloomberg Oil traded near a five-week low as concern over supply losses from Iran to Russia were offset by high American stockpiles and fears that if US-China trade talks fail it could dent global demand. Futures erased earlier gains to fall as much as 0.5 percent in New York after a 1.4 percent plunge. Russian tankers continue to hold Urals …

DUBAI / WAM Joint task forces comprising representatives of the governments of the UAE and Uzbekistan held a four-day series of meetings and workshops to discuss 17 areas of cooperation in modernising government work. The workshops’ agenda falls within the framework of an official visit of a high-level Uzbek government delegation to the UAE, aimed at activating a strategic partnership …

Bloomberg Bahrain is planning to return to international bond markets this year for first time since the kingdom’s Gulf allies pledged a $10 billion package to help repair its finances and support its currency, according to people familiar with the matter. Government officials are in talks with banks for a possible issuance in the second half of the year and …

Bloomberg How bad is the trade war for materials investors? How about nearly $21 billion lost in two days. The S&P 500 Materials Index fell about 3.2 percent against the close after President Trump threatened to raise tariffs on billions of dollars of imports from China. The total value lost for the index totalled about $21 billion, according to Bloomberg …

Bloomberg Uber. Lyft. Pinterest. This year’s blockbuster tech IPOs have had real estate brokers in the San Francisco Bay area salivating over the prospect of fat commissions from home purchases by newly minted millionaires. But halfway through the housing market’s key spring selling season, there’s little indication that flush buyers are bidding up prices beyond their peak last year. In …

Bloomberg The global stock selloff triggered by worries over the outlook for trade extended into a third day, with US equity-index futures and European shares tracking declines across Asia. The pound slipped as hopes for a Brexit breakthrough faded. Contracts for the S&P 500, Nasdaq 100 and Dow Jones Industrial Average had been stable for much of the European morning, …

Bloomberg Producers of household items have been India’s best stock market bets for years. But the consumption slowdown in the world’s fastest-growing major economy is rubbing the sheen off these shares. The 74-member S&P BSE Fast-Moving Consumer Goods Index, which has had only one down year since 2006, has bucked the gains in the nation’s benchmark measure. And some of …

Bloomberg Federal Reserve Vice Chairman Richard Clarida pushed back against speculation in financial markets the central bank will cut interest rates to boost softening inflation up to its 2 percent target. “I don’t think we’re at that place now,” Clarida said in an interview with Bloomberg Television’s Michael McKee in Washington. “We think the policy in place now will get …

Bloomberg The appointment of the next European Central Bank (ECB) head could potentially be delayed until just weeks before President Mario Draghi’s term expires amid a swathe of top European Union vacancies. That’s one of the scenarios being discussed among EU diplomats, according to a person familiar with the matter who asked not to be identified. The complexity of upcoming …

Bloomberg New Zealand’s central bank cut interest rates to a fresh record low and hinted at the chance of a further reduction if necessary, becoming the first among developed-world economies to ease policy this cycle. Governor Adrian Orr and his newly-formed Monetary Policy Committee decided that recent unexpected weakness in inflation and hiring warranted the Reserve Bank’s first rate cut …