Emerging-market stocks dropped for a third day and copper declined after a factory report signaled continuing weakness in China’s economy. Australia’s dollar declined after inflation fell short of estimates, while Portugal bonds gained before a debt sale.
The townhouse in London’s Mayfair neighborhood where Michael and Yoel Zaoui have their offices is much more modest than the sprawling financial-district headquarters where they spent most of their careers.
The London Metal Exchange is attracting a growing crowd to its Asian gala dinner this year, with about 60 percent more attendees. The biggest metals bourse is finding it harder to replicate those gains in trading in the region.
China Mobile Ltd. fell the most in a month in Hong Kong trading after posting its third straight drop in quarterly profit as expenses for subsidizing Apple Inc.’s iPhone and building networks increased.