BLOOMBERG Don’t fear the Fed is the new mantra for global markets. Global equities rose to a two-week high amid increasing investor optimism that the world economy can withstand higher interest rates from the Federal Reserve. Oil advanced and gold fell amid a retreat in the dollar. U.S. shares looked for consecutive climbs after alternating between gains and losses ...

  Bloomberg Brazilian companies have figured out where to invest amid a political crisis and rocky economy: anywhere but Brazil. Industrial machinery maker WEG SA said 75 percent of its investments this year will be in operations outside the country. That compares with 80 percent of total investments in Brazil three years ago. In the past two months, the Jaragua ...

  Dubai / Reuters Gains for global equity and oil markets boosted Gulf bourses on Wednesday with Saudi petrochemical shares and Dubai real estate stocks leading the gains. Riyadh’s index rose 0.6% in modest volume as Saudi Basic Industries, the largest petrochemical producer, climbed 1.2%. Saudi Cement added 2.0% after the company said it had sold its 40% stake in ...