The euro rose to the highest level this year against the dollar as inflation in the currency bloc exceeded analysts’ estimates, damping speculation the European Central Bank will add to monetary stimulus next week.
The U.S. Supreme Court let aggrieved investors in R. Allen Stanford’s $7 billion Ponzi scheme sue outside companies and law firms alleged to have played a role in the fraud, dealing a setback to the securities industry.
KKR & Co., the private-equity firm that raised $1.5 billion for its first real estate fund in December, and its partners bought a suburban New York shopping mall from Vornado Realty Trust for $94 million.
Currency traders are rejecting warnings from International Monetary Fund Managing Director Christine Lagarde that volatility will increase as the Federal Reserve pares its unprecedented stimulus program.
Gold demand in China will be sustained as incomes expand in the largest consuming nation, supporting prices above $1,000 and extending bullion’s flow from west to east, said Credit Agricole SA’s private-banking unit.