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US stocks rise on tech bounce

Bloomberg Technology shares drove gains in US equities, while natural gas and crude lifted commodities. The dollar strengthened with Treasuries as investors prepare to parse second-quarter earnings for more evidence global economic growth is back on track. The S&P 500 Index rose for a second day as tech shares rebounded from last week’s selloff. Trading was light, with the volume ...

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Middle East follows global shares up, strong Q2 boosts Saudi

DUBAI / Reuters Middle East markets followed global shares higher on Monday and Saudi Arabia’s stock index was bolstered by strong quarterly reports and dividend announcements. For now, unease about an end to the era of ultra-cheap money has given way to optimism about global growth, with Friday’s stronger-than-expected US non-farm payrolls report bolstering risk appetite. Data on Monday showed ...

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Vietnam’s rate cut may spur growth amid credit worries

Bloomberg Vietnam’s surprise lowering of interest rates for the first time in three years may help to support economic growth, but raises credit risks in a nation still grappling with a hangover of bad debt. The central bank reduced the refinance rate by 25 basis points to 6.25 percent and also lowered the discount rate to 4.25 percent from 4.5 ...

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