SAN JUAN/NEW YORK Puerto Rico faces a moment of truth on Tuesday, as the island owes a $355 million payment - a possible default which could trigger lawsuits, further spook investors and undermine the island's efforts to climb out of $72 billion in debt.
UK manufacturing growth slowed last month from the rapid pace seen in October, according to the latest Markit Purchasing Managers' Index (PMI).
Standard Chartered and Royal Bank of Scotland have been singled out by the Bank of England for falling below minimum capital requirements in annual stress tests announced on Tuesday, but both banks passed following recent actions.
Raghuram Rajan said inclusion of Chinese yuan into IMF's reserve currency basket may lead to more devaluation of the currency but ruled out any such “big bang” internationalisation for the rupee.
Bank of Nova Scotia BNS 0.24 % on Tuesday reported a 28% increase in its fourth-quarter profit, topping analyst expectations and setting an upbeat tone for the final earnings season of 2015.