Bloomberg This is no longer a market that mixes relentless gains with the occasional sharp downdraft. For the third week in a row, the S&P 500 Index reversed some or all of the prior week’s performance. This time it fell, albeit with 2018’s smallest decline, after climbing 3.5 percent in the previous five days. It was a pattern of alternating ...

Reuters Gulf stock markets eased on Sunday as gains in oil prices at the end of last week failed to spur activity, though Ezz Steel helped to lift Egypt’s index. There was very little action in the United Arab Emirates, with both Dubai and Abu Dhabi registering among their lowest trading volumes this year as the indexes fell marginally. Emaar ...

Bloomberg Saudi Arabia’s Crown Prince Mohammed bin Salman plans to meet top global executives, including the heads of Apple Inc and Google, during his first trip to the US since becoming heir to the throne of the world’s largest oil exporter, according to a person briefed on the trip’s details. Crown Prince Mohammed, known among journalists and diplomats as MBS, ...

Bloomberg Saudi Arabia is cutting back on its dealings with some German companies amid a diplomatic spat with its top European trading partner, according to people with knowledge of the matter. Government agencies have been told not to renew some non-essential contracts with German firms following comments made in November by Germany’s then-foreign minister, Sigmar Gabriel, two of the people ...

Bloomberg Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group Amnesty International said. “Amnesty International researchers have identified that at least 89 spills may have been wrongly labeled as theft or sabotage when in fact they ...

Reuters Iran has nearly doubled gas production at South Pars, the world’s largest gas field, in the past year, Iranian President Hassan Rouhani said on Sunday, according to state media. Gas production at South Pars increased from 285 million cubic meters to 555 million cubic meters in the past Iranian calendar year, which started in late March 2017, Rouhani said, ...

Bloomberg China’s crackdown on financial risks and trade tensions with the US threaten to undermine a stronger-than-expected start to the year for the world’s second-largest economy. Factory output and investment in fixed assets exceeded economists’ expectations in the first two months of this year, climbing 7.2 percent and 7.9 percent respectively from a year earlier as Chinese exports surged. Retail ...

Bloomberg An investor group backed by Bain Capital won the support of Binani Cement Ltd.’s lenders as it seeks to take over the insolvent Indian company. A committee of Binani Cement creditors approved the resolution plan from a consortium led by Dalmia Bharat Ltd., which was competing with billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd., according to an exchange filing. ...

Bloomberg The US National Highway Traffic Safety Administration is investigating faulty air bags in certain Hyundai and Kia vehicles that have caused four deaths and six injuries. The air bags have failed to deploy in frontal collisions, according to an investigation report posted on the administration’s website. The problems may affect 425,000 automobiles made by the South Korean manufacturers, and ...

Bloomberg The seven-month slide in India’s sovereign bonds has convinced the state-owned banks, the biggest holders of debt, to remain on the sidelines. ICICI Prudential Life Insurance Co., one of the country’s largest private insurers, sees things very differently. With yields recently nearing 8 percent, Manish Kumar, chief investment officer at the firm, says it’s time to go long. “A ...