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US stocks fluctuate, dollar climbs as oil dips

Bloomberg US stocks edged lower, while the dollar strengthened versus the yen in listless trading before Federal Reserve Chair Janet Yellen testifies to Congress this week and companies begin to deliver second-quarter results. The S&P 500 Index was little changed in weak trading, while technology shares retreated before banks kick off earnings. European equities declined as energy producers slid when ...

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Banking shares lead Mideast higher ahead of Fed testimony

DUBAI / Reuters Blue-chip banks pushed Middle East stock markets slightly higher on Tuesday, a day ahead of the testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten US monetary policy. Yellen’s semi-annual monetary policy testimony before Congress will be on Wednesday and Thursday. San Francisco Federal Reserve President John Williams said on ...

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China mulls PBOC lead role in financial oversight

Bloomberg China is considering handing the nation’s central bank a key role in coordinating financial oversight, in order to focus efforts on reining in risk in the sector, people familiar with the discussions said. The move, to be debated as part of the fifth National Financial Work Conference due to start on July 14, would create a new office for ...

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