Foreign-exchange strategists have ceased cutting forecasts for the euro as European government officials intensify efforts to end the region’s crisis and traders pare bets for a collapse in the currency.
MEMC Electronic Materials Inc., a maker of silicon wafers for solar modules and semiconductors, reported a first-quarter profit that included a tax benefit. Sales declined by more than half as solar product prices and volumes fell.
Former Bankas Snoras AB owners Vladimir Antonov and Raimondas Baranauskas, who are fighting extradition to Lithuania to face fraud charges, aren’t part of a “grand conspiracy” that would deny them a fair trial, a lawyer for the country told a London court.
The Australian dollar is poised to reverse its advance to a one-month high against the yen, trading patterns suggest, after the currency pair tracked a recovery in investor appetite for riskier assets.
Emerging-market currencies gained for a fourth day before a U.S. payrolls report forecast to show employers added the most jobs since November, a sign the world’s largest economy will lead global growth.