London Metal Exchange’s dismissal from the antitrust case is being appealed by two groups of plaintiffs who accused LME and its owner of allowing anticompetitive and monopolistic behavior in its warehousing network.
Australia’s dollar fell below 90 U.S. cents for the first time since March, and Sweden’s krona declined after elections as prospects for U.S. interest-rate increases next year boosted the greenback’s allure.
Lira weakness since the Federal Reserve signaled U.S. interest rates could rise faster than anticipated is exposing Turkey’s economic vulnerability amid concern the central bank may need to cut borrowing costs further to spur growth.
While most analysts and investors expect Venezuela and its state-owned oil company to make $5.3 billion in bond payments coming due next month, concern is mounting the country may find itself without enough cash to service debt as soon as next year as foreign reserves drop to an 11-year low.
Like many of us who’ve been in the vicinity of an FM radio or Jersey Shore club in the past month, the strategists at Morgan Stanley have Meghan Trainor’s song “All About That Bass” stuck in their heads.
U.S. stocks fluctuated after the Standard & Poor’s 500 Index had its best month since February, as investors awaited data estimated to show manufacturing in the world’s biggest economy continued to expand in August.