Here’s what to look for when the European Central Bank’s 24-member Governing Council releases its monthly interest-rate decision for the euro area at 1:45 p.m. and ECB President Mario Draghi holds a press conference in Frankfurt at 2:30 p.m.
A Chinese manufacturing slowdown fueled speculation that President Xi Jinping’s officials will switch focus in coming months from taming credit growth and financial risks to supporting economic expansion.
Nigeria’s central bank will probably increase the limit on cash reserve requirements to help arrest a decline in the naira as the country misses out on potential oil revenue, said Governor Lamido Sanusi.
Nigeria’s central bank said it has adequate reserves to keep defending the naira as the slumping currency prompted a selloff of the country’s stocks, with the all-share gauge posting the world’s worst performance today.
A lawsuit in which Guggenheim Partners LLC and three life insurance companies it controls were accused of deceiving annuity buyers and engaging in racketeering was dropped without explanation the day after it was filed.