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.
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.
The dollar headed for weekly gains versus all 16 of its major counterparts before a U.S. report that analysts said will show the jobless rate declined last month, adding to signs the economy is gaining momentum.
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.
The yen gained against the majority of its 16 most-traded peers as investors bet the financial turmoil that has weighed on emerging-market assets in August has longer to run, fueling demand for Japan’s currency as a haven.
The pound strengthened for a second day against the dollar after an industry report showed U.K. services expanded at the fastest pace in six years in July, adding to signs the recovery is gathering momentum.