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American stocks hit new highs

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 ...

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Qatar recovers, banking and insurance hit Saudi

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 ...

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China central bank boss calls for reform amid Congress countdown

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 ...

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