TOKYO/SINGAPORE Asian shares advanced on Thursday, while the euro remained under pressure on growing bets that the European Central Bank will roll out more stimulus soon even as the U.S. Federal Reserve looks set to raise interest rates.
Recent Business News
NEW YORK Barclays Plc has agreed to pay $14 million (£9.2 million) to settle litigation by holders of its American depositary shares that it conspired with rivals to rig the Libor benchmark interest rate, causing its share price to be inflated.
LONDON A former ICAP broker charged with conspiracy to manipulate benchmark yen interest rates told a London criminal court on Wednesday that 1,000 rate predictions he had sent out over four years had only ever reflected his honest opinion.
BRUSSELS Europe's central banks are struggling with divergent quandaries over how to revive inflation and sustain economic growth as the U.S. Federal Reserve prepares to start raising interest rates for the first time since the collapse of Lehman Brothers.
SAO PAULO/BRASILIA The chief executive of Brazil's biggest independent investment bank and the leading senator in the governing coalition were arrested on Wednesday on suspicion of obstructing the country's most sweeping corruption investigation ever.
SYDNEY Rio Tinto is poised to approve its long-stalled $1 billion (£661 million pounds) South of Embley bauxite expansion project as early as this week, the Australian Financial Review said on Thursday.
- Gold: PRECIOUS-Gold near multi-year lows as U.S. data supports rate hike view
- Oil Report: GLOBAL MARKETS-Asian shares edge up, euro under pressure as ECB looms
- British Pound Report: Sterling recovers some ground after BoE and US data blows
- US Dollar Report: FOREX-Euro in the doldrums on ECB easing views