The yen climbed the most in three weeks against the dollar as reports that Russian President Vladimir Putin put fighter jets on combat alert amid rising tensions in Ukraine boosted demand for less-risky assets.
When FIFA General Secretary Jerome Valcke arrived at the new stadium in Manaus, Brazil, to promote a program that taught the World Cup city’s taxi drivers English, his cab was decorated with black tape.
The Colombian government’s drunk- driving crackdown, which has included fines of up to $14,000 and jail sentences as long as 18 years, is taking a toll on the nation’s biggest beer seller: SABMiller Plc.
Klaus Liebscher quit as chairman of the nationalized Austrian lender Hypo Alpe-Adria-Bank International AG after the government hired a former Morgan Stanley banker to advise on imposing losses on some bondholders.
Austrian Chancellor Werner Faymann said the government is right to avert the collapse of Hypo Alpe- Adria-Bank International AG, as he cited the precedent of Creditanstalt, whose crash helped trigger the 1930s depression.
Sochi, suffering with sun and slushy snow at this month’s Olympics, is going to get warmer, according to a study that says the Russian resort will be among six Winter Games hosts that will be too hot by 2050 to hold them again.