U.S. Treasury yields rose to an 11- week high and stocks fell a fourth day as signs of economic growth fueled concern the Federal Reserve will scale back bond buying. Copper, gold and crude oil led commodities higher.
Copper gained the most in almost four months as hiring increased and purchases of new homes in October surged by the most in three decades in the U.S., adding to signs that demand for the metal will rise.
In more than two decades as a publicly-traded company, Spherix Inc. developed diabetes treatments, marketed a low-calorie sweetener and handled campground reservations. Now it’s dealing in something completely different: patents.
Gold futures fell the most in a week as a global equity rally cut demand for precious metals as alternative investments. Silver slumped to a three-month low, and palladium capped the biggest drop in six weeks.
Australia & New Zealand Banking Group Ltd. Chief Executive Officer Michael Smith said he expects the Australian dollar to maintain its strength as long as the U.S. Federal Reserve keeps up its bond-buying program.
Australia & New Zealand Banking Group Ltd. Chief Executive Officer Michael Smith said he expects the Aussie dollar to maintain its strength as long as the U.S. Federal Reserve keeps up monthly asset purchases.
Australia & New Zealand Banking Group Ltd., the country’s third-largest lender by market value, posted a 13 percent rise in second-half cash profit on higher lending and lower costs, sending its shares to an all-time high.