U.S. stocks rose, extending a monthly rally, as reports spurred speculation the Federal Reserve will be in no rush to scale back stimulus. Japanese stock futures rebounded after shares plunged in the regular session, while commodities slid and Treasuries were little changed.
At a time when copper stockpiles are rising to the highest in a decade, manufacturers are paying the biggest premiums for the metal in as much as seven years as financing deals lock up supply and extend lines at warehouses.
Australian rugby officials will be rolling out the welcome mat for the British and Irish Lions and their 40,000 fans next week as they bank on the team’s first visit since 2001 to reverse two years of losses.
Emerging-market stocks fell, dragging the benchmark index to its biggest monthly loss in a year. Philippine equities tumbled the most in 20 months and South Africa’s rand traded weaker than 10 per dollar for the first time since March 2009.
Asian stocks retreated, with Japan’s Topix index and Nikkei 225 Stock Average entering so-called corrections, as commodities fell and the yen strengthened, damping the earnings outlook for Japanese exporters
Stroock & Stroock & Lavan LLP opened a Washington office with two new partners, national security lawyer Christopher Griner and Robert E. Plaze, former deputy director of the U.S. Securities and Exchange Commission’s division of investment management.
Doha Bank QSC, Qatar’s fourth-largest lender, plans to open an office in Hong Kong and is seeking to acquire licenses in India and Saudi Arabia as the Persian Gulf country’s lenders broaden their reach.