BLOOMBERG The dollar and stocks worldwide climbed, as investors awaited additional clues on the health of the global economy amid speculation higher interest rates in the U.S. may come as soon as July. The pound and oil gained. The U.S. currency touched its strongest level since March against the euro, while Australia’s dollar and South Korea’s won posted the ...

  Bloomberg Insurers have had about enough of hedge funds. Stung by market-trailing returns, the industry in the U.S. is reversing course after more than doubling its hedge fund allocation over five years, to $17.7 billion as of Dec. 31, according to data from the National Association of Insurance Commissioners. Just this month, American International Group Inc. said it submitted ...

  Dubai / Reuters Most Gulf stock markets rose on Tuesday but trading volumes were small as some investors stayed away because of the approach of the holy month of Ramadan and summer holidays, when activity tends to decrease in some bourses. Dubai’s index spent most of the day little changed but closed 1.0 percent higher after a surge in ...