The ECB left interest rates unchanged at record lows amid a sluggish eurozone economy and persistently weak inflation. Investors are looking for clues on whether thinking on stimulus has changed in light of turbulent financial markets and worries about China.
Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November, according to people familiar with the matter.
Impala Platinum Holdings Ltd. is to raise $297.4 million through a stock sale to bolster its finances, battered by tumbling metal prices and the costs of ramping up South African output which contributed to a hefty annual loss.
The soda industry is playing a never-ending game of Whac-A-Mole with health officials and anti-obesity campaigns in cities across the country. When it beats down critics in one place, they pop up in another.
Sweden’s central bank has left its main interest rate and bond-buying program unchanged, saying its existing policies were supporting the economy and would lead to inflation moving closer to its 2% target.