The U.S. and its allies will expand backing for Syrian rebels and consider all options short of deploying American troops if diplomacy doesn’t halt a bloody civil war, U.S. Secretary of State John Kerry said.
Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won local-government approval to construct offices and 877 homes in eight buildings at the site of Royal Dutch Shell Plc’s U.K. headquarters near the London Eye Ferris wheel on the River Thames.
Syrian government forces and their Hezbollah allies from Lebanon pounded rebels yesterday in an offensive to retake the strategic city of Al-Qusair, as the country’s civil war escalates into a regional conflict.
Qatar’s central bank governor said his country hasn’t changed its support for pegging the riyal to the U.S. dollar after Reuters reported that the bank’s director of research urged a more flexible exchange rate.
Dubai and Qatar deserve to be upgraded to emerging-market status at MSCI Inc. next month, T. Rowe Price Group Inc. said, after the emirates failed to satisfy the index provider’s requirements for four years.
Egypt’s central bank will offer a record $800 million at a currency auction to local lenders today to finance imports of staple foods and medicines after Standard & Poor’s warned of accelerating inflation.
U.S. Secretary of State John Kerry heads to Jordan today for talks with Mideast and European allies to promote a negotiated end to the crisis in Syria, as government and rebel forces battle for control of the strategic city of Al-Qusair.