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US stocks little changed as S&P 500 hovers near all-time high

  Bloomberg U.S. stocks were little changed, with equities near records while investors brooded over the direction of Federal Reserve monetary policy after mixed economic reports. The S&P 500 Index slipped 0.1 percent to 2,183.41 at 9:32 a.m. in New York, following a two-day gain that brought the gauge within 0.2 percent of its all-time high. “Interest rates are off ...

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Gulf mixed in early trade, Saudi’s Emaar climbs

  London / AFP Stock markets in the Gulf were mixed in quiet early trade on Wednesday as some investors stayed away from the bourses ahead of market closures next week for Eid al-Adha holidays. Riyadh”s main index was down 0.2 percent in the first hour. Emaar the Economic City rose 2.9 percent after it said on Wednesday that an ...

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Crude buyers make cuts the oil giants won’t

  Bloomberg As the world’s biggest crude producers stop short of taking action to address the global oversupply, output cuts by their largest customers are helping to mop up the glut. While Asia buys more oil than any other region, it also accounts for about 8 percent of supply and has been cutting back as crude’s collapse prompts a wave ...

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