Bloomberg Global markets climbed ahead of a speech by Treasury Secretary nominee Janet Yellen in which she’s expected to call for expansive government action to bolster the US economy. The advance was broad across equities, with futures on the Russell 2000 Index of small-cap companies registering strong gains. Banks led the advance in Europe’s Stoxx 600 Index. Ten-year Treasury yields …

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second …

Bloomberg Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago. Premiums for Russia’s ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and …