A $22 billion disease-fighting fund backed by donors including Chevron Corp. and the Bill and Melinda Gates Foundation lacks sufficient safeguards to prevent fraud and must reform to remain effective, a review found.
Canada’s currency weakened the most in more than a month against its U.S. counterpart as heightened concern about Europe’s debt woes and conflict between North and South Korea increased demand for assets considered havens.
The recent deceleration in U.S. health-care costs appears to be at least partially structural, and not entirely due to a still-lackluster economy. That offers some hope that the slowdown will continue. Still, more needs to be done to encourage the trend.
Canada’s dollar gained to the strongest level in two weeks as a government report showing greater-than-forecast purchases of Canadian securities by foreign investors bolstered the currency’s attractiveness.
Canada’s dollar posted a weekly gain versus its U.S. counterpart this week after government reports showed the economies of both countries are expanding, improving the outlook for higher-yielding assets.