Bloomberg US stocks rose amid better-than-expected earnings from several industry heavyweights, adding to evidence that the strengthening economy is lifting corporate profits. The S&P 500 Index pushed through its average price for the past 50 days, a level it hasn’t breached in a month. Netflix Inc. surged after subscriber growth topped estimates. Johnson & Johnson and UnitedHealth Group Inc. climbed ...

Reuters Saudi Arabia’s stock market continued a strong uptrend on Tuesday on the back of petrochemical and banking stocks, while rising telecoms shares boosted Egypt. The Saudi index closed 0.6 percent up at 8,096 points, having finished above 8,000 points on April 16 for the first time since August 2015. Petrochemicals giant Saudi Basic Industries rose 1.9 percent before going ...

Bloomberg Oil steadied after the biggest loss in more than a week as OPEC’s hints at extending output cuts fanned optimism and investors anticipated a drop in US stockpiles. Futures in New York were little changed after losing 1.7 percent. Kuwait said the Organization of Petroleum Exporting Countries and allied producers will discuss prolonging an agreement to curb oil output ...

FRANKFURT / Reuters Investment in new European wind farms and equipment is expected to increase this year after a sharp drop in 2017, helped by several large project auctions, according to a major industry body. Spending is forecast to rise 4 percent to 23.2 billion euros ($28.7 billion), WindEurope said in its financing report, after a 19-percent decline in 2017 ...

Oran / Reuters Eni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on Tuesday, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach. “We need to invest more because Algeria still has a lot of gas,” Eni CEO Claudio Descalzi told anenergy conference in ...

Bloomberg Vermilion Energy Inc. agreed to buy Spartan Energy Corp. for about C$1.08 billion ($860 million) in stock, adding to its production and acreage in southeast Saskatchewan in the largest oil and gas company takeover in Canada this year. Spartan holders will get 0.1476 of a Vermilion share for each Spartan share, Vermilion said in statement. That represents a premium ...

Bloomberg European Central Bank officials are starting to consider a topic President Mario Draghi dismissed as a “high-class problem” — whether to let the economy run hot. Even with recent signs of a slowdown, the euro-zone economy is growing faster than its long-term trend. Allowing that boom to continue even at the cost of higher inflation is arguably one way ...

Bloomberg Adopting the euro would offer “numerous and lasting” benefits for Croatia’s economy, central bank governor Boris Vujcic told Reuters, although he declined to indicate when it might enter the single currency’s ERM-2 “waiting room”. Prime Minister Andrej Plenkovic said in October that he wanted the newest European Union member to start using the euro within seven or eight years. ...

Bloomberg Barclays Plc has been gauging clients’ interest in the British bank starting a cryptocurrency trading desk, potentially joining Goldman Sachs Group Inc. in pioneering a new business on Wall Street, according to people with knowledge of the matter. Barclays has so far only done a preliminary assessment of demand and feasibility, said the people, who asked not to be ...

Bloomberg Deutsche Bank AG has called off talks to sell its retail and private wealth businesses in India to IndusInd Bank Ltd., people with knowledge of the matter said. The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month, the people said, asking not to be identified because the information is ...