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Stocks rise on small-cap strength as Turkey eases

Bloomberg US stocks halted the longest slide since March and the dollar was little changed after hitting a 14-month high as global markets steadied in the wake of Monday’s Turkey-induced turmoil. Crude climbed with gold and Treasuries fell. The S&P 500 Index advanced for the first time in five days amid thin summer trading. Small-cap shares were particularly strong, with ...

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Bitcoin ETF faces moving finish line as Cboe aims to be first

Bloomberg Cboe Global Markets Inc. wants to be the first to list a Bitcoin exchange-traded fund, though there’s still a lot of work needed to win approval from the US Securities and Exchange Commission. “As we chip away at their issues to make them less concerned, at some point they’ll be comfortable with an ETF,” Chris Concannon, the Chicago-based exchange ...

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Rupee breaches 70 a dollar as RBI’s job gets complicated

Bloomberg There’s not a moment of respite for India’s inflation-targeting central bank. Just when gains in consumer prices eased, the Turkish lira-led sell-off in emerging-market currencies has renewed an onslaught on the rupee, pushing it to a record low and possibly demanding more rate action from the Reserve Bank of India. The rupee dropped to as low as 70.08 per ...

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