LONDON (MarketWatch) - The U.K.'s FTSE 100 index snapped a five-day winning streak and the pound climbed on Wednesday after minutes from the latest Bank of England policy-setting meeting showed two members were in favor of hiking interest rates.
Lowe's reported a rise in second-quarter profit and revenue Wednesday but the home improvement retailer also lowered its earnings guidance for the year.
New York: New York state's banking regulator hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business Tuesday for not detecting possible money laundering.
Carlsberg A/S (CARLB) and Heineken NV, (HEIA) two of the world's top four brewers, signaled tougher times ahead for the beer industry as escalating political tensions in eastern Europe weigh on the region's economy.
American Home-building hits Eight-month High in July. US residential construction rebounded in July, growing 15.7 percent, the fastest pace in eight months and offering hope of regained momentum in the sector after two months of declines.