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US stocks climb as dollar slumps

Bloomberg US stocks advanced while the dollar fell and Treasuries rose as financial markets looked ahead to Wednesday’s inflation report. The S&P 500 Index climbed for a third day, its longest winning streak since mid-January, amid a rally in financial shares and food retailers. Assets seen as safe havens gained as last week’s surge in volatility continued to weigh on ...

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Few positives for Gulf as GFH cuts dividend

DUBAI / Reuters Gulf stock markets appear to have few fresh positives on Wednesday and may consolidate in sluggish trade, with Dubai dampened by earnings and dividend news from several companies. MSCI’s broadest index of Asia-Pacific shares outside Japan is up 0.7 percent but trading is tentative ahead of US inflation news later in the day, while Brent oil is ...

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Goldman’s buyback desk deluged with orders

Bloomberg The Goldman Sachs Group Inc. unit that executes share buybacks for clients just had its busiest week ever, but even that couldn’t keep stocks from flopping into a correction. Last week, the firm’s corporate-trading desk saw 4.5 times its average daily volume from 2017, according to data seen by Bloomberg. Even as companies scooped up their own shares, the ...

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