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Prime Minister Theresa May closed the Tory Party conference with a rambling speech on Conservative values, Brexit, economic and social policy. Many wondered whether the embattled leader had done enough to heal, or at least paper over, the much-noted divisions within her own party and cabinet for now. But the more important question is whether she’s doing enough to win ...

Bloomberg US stocks climbed to record highs as Wal-Mart Stores Inc. led a rally in consumer shares and energy producers climbed along with oil prices. Politics remained the dominant theme in Europe as Spanish stocks declined and the euro rose before a pivotal meeting of Catalan’s regional parliament. The dollar had weakened against most major currencies as President Donald Trump’s ...

Reuters Qatar’s stock market continued to recover on Tuesday from last week’s big losses, while Saudi Arabia’s main index was dragged down by the banking and insurance sectors. The Qatari index rose for a third straight day in a technical rebound after hitting five-year lows last week. It was up 0.5 percent on Tuesday after gaining 0.9 percent. Foreign investors ...

Bloomberg People’s Bank of China (PBOC) Governor Zhou Xiaochuan made a fresh call to open up the nation’s financial sector, and warned that reform will become more difficult if the window of opportunity is missed. In an interview with the Chinese financial magazine Caijing, the nation’s longest-serving central bank chief defined a “troika” of three drivers needed to further open ...

Bloomberg Indonesia will investigate whether citizens linked to the transfer of $1.4 billion of Standard Chartered Plc private bank client assets complied with tax amnesty requirements. The country’s Finance Ministry received data on the fund transfer for tax compliance purposes and found it involved 81 private citizens, without any military, police, law enforcement or civil servants involved, Ken Dwijugiasteadi, director-general ...

Bloomberg The pound rose as UK data was seen supporting the case for a November rate increase from the Bank of England (BOE). Sterling’s rally took this week’s gains to around 1 percent, as manufacturing and construction output beat forecasts. The data still showed a mixed picture for the U.K. economy as the nation’s trade deficit increased to the most ...

Bloomberg Chief Executive Officer John Cryan is losing the support of some investors just seven months into Deutsche Bank AG’s latest turnaround plan. Three of the 10 largest stakeholders in the bank, speaking on condition of anonymity, said they want to see a turnaround in the next few quarters, particularly in the trading business, to continue to back the 56-year-old ...

DUBAI / Reuters Warba Bank, a Kuwaiti sharia-compliant lender, is syndicating a $250 million debt facility, its first in the syndicated loan market, sources familiar with the matter said on Tuesday. The financing is Warba’s latest fund-raising exercise after its issue in March of $250 million of Tier 1 sukuk, as the lender seeks to boost its capital ratios and ...

Bloomberg President Donald Trump’s pledges to overhaul taxes, trade, infrastructure and health care may thrill some corporate leaders, but it’s causing many to delay expansions. That’s bad for banks. Lending growth probably decelerated for a fourth straight quarter in the three months ended Sept. 30 across more than a dozen of the biggest US banks, according to Royal Bank of ...

Bloomberg Kuwaiti discount carrier Jazeera Airways has delayed a planned expansion into long-haul flights to focus on extending its existing network to serve the Indian subcontinent. Jazeera, which has previously been limited to operations within the Middle East, will start operating to Hyderabad in India and Lahore in Pakistan this month before adding Delhi, Mumbai and Chennai later in the ...