Brent crude traded near a seven- week high amid speculation that escalating tension between the U.S. and Russia over Ukraine may disrupt energy supplies to Europe. West Texas Intermediate in New York was steady.
U.S. Senator Charles Schumer of New York said he’ll oppose any attempts to divert money from about $3.5 billion remaining in funds from a superstorm Sandy aid law until the area has enough money to fully rebuild.
The New York Knicks began what one National Basketball Association analyst called the “second step” in trying to re-sign leading scorer Carmelo Anthony by firing coach Mike Woodson after two full seasons.
Bank of Montreal, which advised on deals involving two Canadian premier hockey teams in the past five years, is targeting North America’s sports industry to bolster its U.S. mergers-and-acquisitions business.
Allergan Inc., the maker of the Botox wrinkle treatment, is being targeted for a takeover by Valeant Pharmaceuticals International Inc. with Pershing Square Capital Management LP after rebuffing merger efforts for more than a year.
The dollar climbed against Asian currencies amid improving prospects for the U.S. economy. Gains by Japanese equities were offset by losses in Hong Kong and Chinese shares, while nickel futures rallied to the highest in 14 months.