Bloomberg US stocks fluctuated near record highs while Treasury yields climbed to a nine-month peak as the Republican tax overhaul moved closer to passage. The S&P 500 Index gave up early gains on Wednesday, pulled down in part by consumer stocks. Core European bond yields followed Treasury rates higher, with European Central Bank asset purchases for the year ending on …

Reuters Gulf stock markets moved little on Wednesday as Saudi Arabian cement shares lost steam after the release of the 2018 state budget, and Qatar’s market pulled back. The Saudi index edged up 0.2 percent as cement shares, which had surged in the days before the release of the budget as investors anticipated an increase in infrastructure spending, ran into …

Bloomberg Saudi Arabia expects oil revenue to jump 12 percent next year in a sign the world’s biggest crude exporter expects prices to keep rising in 2018. The top OPEC producer expects to collect 492 billion riyals ($131 billion) from oil sales in 2018, compared with 440 billion riyals this year, the Finance Ministry said in a budget statement. Oil …