LONDON - Bank of England policymakers broke ranks over interest rates for the first time in three years this month, when two unexpectedly voted to tighten policy and revived speculation about a 2014 rate hike.
Recent Business News
NEW YORK - Private equity firm Bain Capital LLC has agreed to acquire a 50 percent stake in TOMS Shoes Inc in a deal that values the company, which makes casual footwear known as alpargatas, at about $625 million (376.55 million pounds)including debt, according to people familiar with the matter.
LONDON - Commodities group Glencore became the first of the large miners to honour promises to return cash to shareholders, announcing a share buyback programme of up to $1 billion (601 million pounds) as it reported forecast-beating first-half profit.
Chinas' military is by far the largest in Asia.
- Gold: PRECIOUS-Gold below $1,300/oz as optimism on U.S. economy drives dollar up
- Oil Report: Ohio River reopens as oil spill clean-up progresses
- British Pound Report: Sterling rebounds after BoE minutes show split on rate decision
- US Dollar Report: FOREX-U.S. dollar hovers near 11-month highs ahead of Fed minutes