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Dollar gains, Treasuries drop on speculation of Fed Chair

Bloomberg The dollar gained and Treasuries slipped on speculation the next Federal Reserve chairman will be more hawkish, while growing concern about the economic impact of Catalonia’s independence movement sent the euro lower. The S&P 500 Index was little changed. Health-care stocks were among the best performers after UnitedHealth Group Inc. and Johnson & Johnson earnings beat estimates. European and ...

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Gulf mixed, insurers help Saudi Arabia

Reuters Gulf stock markets were mixed despite strong oil prices on Tuesday while Saudi Arabia’s insurance sector continued to recover from last week’s losses. The main Saudi index inched up 0.2 percent. In the insurance sector, which sank last week on expectations for a shakeout in the sector caused by tougher regulation, Malath Insurance surged 9.9 percent after the trading ...

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China banks sell most short-term debt ever even amid restrictions

Bloomberg China’s banks are still bingeing on short-term financing, defying analyst predictions that they would wean themselves off such debt as regulators intensify a crackdown on leverage. Sales of negotiable certificates of deposit — a key funding source for medium and smaller banks — surged 49 percent from a year ago in the third quarter to a record 5.4 trillion ...

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