LONDON The dollar rose to its highest in more than three months and U.S. Treasury yields rebounded from two-month lows on Wednesday, after a Federal Reserve official said the central bank was close to raising interest rates.
The International Monetary Fund has hailed China's progress on financial reform but said the renminbi still lags behind rivals on key metrics that determine whether the fund will formally endorse the redback as a reserve currency.
India central bank Governor Raghuram Rajan, under pressure from government officials to ease up on inflation concerns, turned the focus back to fiscal and regulatory reforms that the Modi administration has struggled to put in place.
General Electric has seen the future of manufacturing and it involves competing with some very big technology companies. G.E. is announcing on Wednesday a push into computer-based services, connecting sensors that are on machines to distant ...
LONDON— Standard Chartered STAN 5.29 % PLC on Wednesday said it would halve its dividend to save capital as it posted a sharp fall in first-half net profit, underlining the challenge faced by new Chief Executive Bill Winters to get the bank back on track.