Shares in BHP Billiton Ltd. plunged after the Brazilian government said Friday it would sue the Anglo-Australian miner, its Brazilian partner Vale SA and their joint venture over a deadly dam failure earlier this month.
Developments in the U.S. and Europe this week are set to widen the gap between the likely path of interest rates in the two regions and add to currency-market turbulence that has produced a 12% increase in the value of the dollar against the euro since the start of the year.
Wells Fargo has long been the envy of Wall Street for its ability to get customers to load up on multiple products and services. Now, the Office of the Comptroller of the Currency and the San Francisco Fed are each probing the bank’s sales culture.
The choice at checkout used to be simple: Cash or credit? Now, holiday shoppers must figure out whether to dip or swipe, wave or tap as payment methods proliferate. You really want to pay with your watch?