Bloomberg Damac Properties Dubai Co. hired banks including Barclays Plc and HSBC Bank Plc for a possible sale of US dollar-denominated Islamic bonds, according to people familiar with the matter. The second-largest listed real estate developer in Dubai is expected to hire more banks to arrange the debt sale, which may happen as soon as this month, said the people, …

Bloomberg US stocks dropped in light trading as the weakness in technology shares persisted amid renewed presidential criticism of Amazon.com and retaliatory tariffs from China. The dollar held steady and Treasury yields climbed. The S&P 500 Index slumped after its first quarterly retreat since 2015, with volumes 17 percent below average. The Nasdaq 100 Index lost more than 1.5 percent …

Bloomberg The reckoning is starting for crypto hedge funds. Demand and profits are drying up at many of the more than 150 funds that popped during 2017’s spectacular surge in Bitcoin—which brought cryptocurrencies to the attention of scores of institutional and individual investors. This year’s 50 percent plunge in the value of Bitcoin has many investors thinking twice. At about …

Bloomberg Singapore private home prices surged the most since 2010 as the property market staged a recovery from a four-year slump. An index tracking private residential prices jumped 3.1 percent in the three months ended March 31, according to a flash estimate from the Urban Redevelopment Authority, building on a 0.8 percent gain the previous quarter. That’s the biggest quarter-on-quarter …

Bloomberg America’s most prolific oil field is now its worst market for natural gas. A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major US hub, wresting that distinction from Appalachia’s Marcellus Shale. Prices for Permian gas, produced alongside oil in the play, have tumbled 32 …

Bloomberg Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News Agency reported, without giving figures. US …

Bloomberg Crude fell as a sell-off in equity markets signalled a flight from riskier investments. Futures slid as much as 1.9 percent in New York. US stocks declined as China imposed retaliatory tariffs on US goods, the latest move in escalating trade dispute between world’s largest economies. At the same time, supply concerns that prompted hedge funds to increase bullish …

Reuters The Iraqi cabinet approved a plan to raise the nation’s crude oil output capacity to 6.5 million barrels per day by 2022, according to a government statement. Iraqi Oil Minister Jabar al-Luaibi said in January capacity was currently close to 5 million bpd. The country is producing more than 4.4 million bpd in line with an agreement between the …

Bloomberg Deutsche Bank AG is preparing to reshuffle its supervisory board as the future of Chief Executive Officer John Cryan and Chairman Paul Achleitner is called into question. John Thain, a former CEO of Merrill Lynch, is expected to join the troubled German bank in May, according to a person with knowledge of the lender’s plans. He is one of …

Bloomberg Volatility may be here to stay — but there’s a lot investors can do to prepare for it. “Hedges against late cycle volatility bursts in credit, dispersion and cross-asset volatility as the equity/bond correlation itself becomes more volatile” are one key theme in Societe Generale SA’s second-quarter outlook from strategists led by Kokou Agbo-Bloua, the firm’s head of flow …