Some U.K. pension providers stunned by George Osborne’s budget say he’s putting the elderly at risk. The U.K.’s finance minister has also threatened one of the insurance industry’s key sources of domestic profit growth.
Bank of Canada Governor Stephen Poloz said he can’t rule out an interest-rate cut if the economy worsens, following a speech where he blamed harsh winter weather for mainly sparking weaker-than-forecast growth.
U.K. stocks advanced for a second day as President Vladimir Putin said Russia isn’t seeking to partition Ukraine, allaying investor concern that his country would invade other regions after Crimea voted to secede.
The Standard & Poor’s 500 Index rose, rebounding from its worst week since January, as data showing a gain in industrial production boosted optimism over the economy and investors watched developments in Ukraine.
General Motors Co. is recalling 1.55 million vans, sedans and sport-utility vehicles, citing concerns over brakes, seat belts and air bags, adding to 1.6 million cars recalled this year due to faulty ignition switches.
The biggest U.S. banks are about to learn whether they can pay out more than $75 billion in excess capital to investors as the Federal Reserve completes stress tests of their ability to survive new economic calamities.