German Finance Minister Wolfgang Schaeuble said the money to pay for the resolution of troubled European Union banks won’t come from a single pool until decision-making powers in the bloc are more centralized.
Across the Standard & Poor’s 500 Index of companies, the average multiple of CEO compensation to that of rank-and-file workers is 204, up 20 percent since 2009, according to data compiled by Bloomberg. The numbers are based on industry-specific estimates for worker compensation.
European Central Bank President Mario Draghi’s expected interest-rate cut this week will clear the way for Poland to follow suit, prolonging the best rally in zloty bonds in five years, PineBridge Investments said.
The yen gained the most since June versus the dollar as the Bank of Japan failed to offer additional stimulus efforts, fueling bets it will fall short in its effort to stoke economic growth by weakening the currency.