Treasuries fell, sending 10-year yields up from almost a three-month low, and U.S. stocks fluctuated as investors dissected reports showing growth in jobs and acceleration in service industries. Silver and gold paced gains in commodities.
The $5.25 billion expansion of the Panama Canal was at risk of being delayed after negotiations on cost overruns between a construction group led by Spain’s Sacyr SA and the waterway’s authority broke down.
New York’s top financial regulator opened a probe into the foreign-exchange market as banks including Deutsche Bank AG, Goldman Sachs Group Inc. and Citigroup Inc. lost senior traders in resignations and firings.
Leveraged-buyout firms led by billionaire Leon Black’s Apollo Global Management LLC, seeing fewer bargains in acquiring companies, are loading up on high- risk debt being abandoned by the world’s biggest banks.
For about a decade, South Korea has been the new Japan for electronics exports and a vibrant domestic consumer culture. Now it’s becoming the new Japan for expensive coffee drinking in Asia -- and coffee exporters in Brazil are starting to notice.
Strong demand for autos in southeast Asia and a weaker-than-forecast yen helped boost third-quarter profit at Japan’s biggest trading houses as the companies led by Mitsubishi Corp. seek to weather falling commodity prices.
Boeing Co. is poised to win an order for 38 of its 737 Max jets valued at about $3.9 billion from SpiceJet Ltd., the Indian budget airline controlled by billionaire Kalanithi Maran, people familiar with the plan said.
Pumping his fist into the Paris air, Sheikh Abdullah bin Zayed Al Nahyan, an Abu Dhabi royal, celebrated the award of the 2020 World Expo to Dubai. A Dubai counterpart returned the favor three weeks later, hailing Abu Dhabi’s role in securing the event.