Taiwan, seeking to rein in the local dollar and boost export competitiveness, tightened limits on domestic banks’ bullish bets on the currency following the yen’s tumble to the lowest level since 2008.
The U.S. and its allies will expand backing for Syrian rebels and consider all options short of deploying American troops if diplomacy doesn’t halt a bloody civil war, U.S. Secretary of State John Kerry said.
Ivory Coast’s electricity monopoly, which has a stock that’s soared 95 percent in the past year, will increase exports as rising domestic demand boosts profit amid an economic recovery in the world’s biggest cocoa producer.
The dollar rose against most major peers after Federal Reserve Chairman Ben S. Bernanke said the central bank may taper monthly bond purchases at its next few meetings if it’s confident of sustained gains in the economy.
U.S. stocks slid, dragging benchmark indexes to their worst drop in three weeks, and Treasuries and gold tumbled on concern the Federal Reserve will scale back stimulus efforts if the labor market improves.
Boeing Co. said lessons from the plastic-composite 787 have helped the planemaker build a five- year advantage over Airbus SAS in twin-aisle jets, the models that are the backbone of airlines’ long-haul fleets.