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Reuters Most major Gulf stock markets rose on Wednesday as some buyers returned from New Year holidays, and shares in Dubai’s blue chip Emaar group rebounded for a second straight day. Egypt lagged, however, led lower by a few blue chips. Dubai’s index added 1.4 percent to 3,459 points in rising volume as Emaar Properties gained a further 2.9 percent. …

Bloomberg Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to …

Bloomberg America’s power grid is starting to show signs of fatigue as the nation grapples with a record-breaking cold snap. Some power plants in New England that have been burning oil are running short on fuel, according to Marcia Blomberg, a spokeswoman for ISO New England Inc., the region’s grid operator. Restrictions governing air emissions are also a factor limiting …

Bloomberg A little-known New Jersey firm that, as recently as 2011, specialized in renewable energy projects just became the latest to join the blockchain and cryptocurrency craze. The penny stock TGI Solar Power Group Inc. said in a statement that it planned to get involved in the “Blockchain and Crypto hot commodity market.” The news sent TGI’s shares more than …

Bloomberg Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in US shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine? After ending 2017 at a two-year high, oil prices could …

Bloomberg The European Central Bank is heading for a two-year leadership overhaul that peaks with the selection of a successor to President Mario Draghi, and it will be politics as much as ability that determines who get the jobs. Five of the ECB’s seven top posts will be vacated by the end of 2019, starting with Vice President Vitor Constancio …

Bloomberg Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation. Minutes of the US central bank’s December 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discus- sion when they are published …

Bloomberg China’s smaller banks started the New Year with a double whammy from regulators and investors, and more pain may be looming. Bank of Tianjin Co. tumbled by as much as 12 percent in the first two trading days, the biggest two-day decline since its Hong Kong listing in March 2016, after rallying at the end of last year. Bank …

Bloomberg China’s central bank will make modest increases in money-market rates in 2018 as it aims to keep up the pressure on deleveraging and prevent too much divergence with US policy, according to a Bloomberg survey. The People’s Bank of China is seen raising interest rates on reverse-repurchase agreements by five basis points three times this year, starting in the …

Bloomberg After seven years of preparation, $2 billion in compliance costs and one false start, the biggest shake-up to European regulation in a decade is finally here. With so much at stake, investors are likely to sit on their hands for now. Trading volumes slumped ahead of the changes, according to two brokers with knowledge of the matter, with client …