The Federal Reserve will probably focus on assuring investors it will maintain low interest rates as it prepares to reduce bond purchases, according to Stephen King, chief global economist at HSBC Holdings Plc.
On Jan. 1, Latvia will adopt the euro, and its lats currency will be no more. Farewell to the bearded Krisjanis Barons, the collector of folk songs who graces the 100-latu note. The Baltic nation is shucking a piece of its heritage because its leaders predict joining Europe’s common currency zone will lead to more trade and prosperity.
CBS Corp., owner of the most-watched U.S. broadcast network, reported third-quarter profit growth that met analysts’ estimates, lifted by sales of shows to streaming services from Netflix Inc. and Amazon.com Inc.