Royal Bank of Scotland Group Plc appointed Clifford Chance LLP to investigate whether it pushed companies that owed it money into difficulties to boost profit.
India’s rupee and bonds headed for the biggest weekly loss in more than two months on concern the U.S. will pare stimulus earlier than anticipated, damping demand for emerging-market assets.
A U.S. foreign aid program has leveraged $1 billion in private capital for development projects in the past two years, expanding an effort to bypass the government’s increasingly tight purse strings.
The smallest stocks are rallying almost twice as fast as bigger companies in the U.S., a bullish economic signal from businesses whose profits are most dependent on domestic demand.
The Swiss franc rose to its highest in twenty months against the dollar after employment data in the U.S. missed economist estimates.
Deposits of Swiss francs held by foreign banks with Swiss counterparts fell 5.7 percent in August, central bank data published today showed.
The dollar rose against the currencies of commodity-exporting countries from Canada to Australia as investors sought safety amid signs of curtailed economic growth in the world’s biggest economies.
Secretary of State John Kerry blamed the government shutdown that ended last week for fueling international doubts about America’s commitment to global leadership, eroding U.S. standing and influence.
Following is a transcript of European Central Bank President Mario Draghi’s comments from his monthly news conference in Paris today.
The Australian and New Zealand dollars fell against most major peers as declines in global stocks reduced investor appetite for higher-yielding assets.
Yu Says Sequestration May Push Greenback Higher
Derrick Says Risk Aversion Pushing Dollar Higher
Hellmeyer Says Risk Aversion 'Running the Markets'
Commerzbank’s Dixon Says Risk Aversion to Remain
CIBC’s Stretch Says ‘Risk Aversion’ Driving Markets