Bank of England Governor Mark Carney said interest-rate increases in the U.K. will be more restrained than in the past as he warned that the challenges standing in the way of the recovery are likely to persist.
PepsiCo Inc. (PEP:US) reported better-than-projected profit and raised its annual forecast after reducing costs, giving the company more leverage in a looming fight with activist investor Nelson Peltz.
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry�the fixed $1 share price for money-market mutual funds�at least for some money funds used by big investors.
July 23 (Bloomberg) -- Peter Cook updates the latest news on the crises in Israel and Ukraine on �In The Loop.� (Source: Bloomberg).
MADRID (Reuters) - The Bank of Spain revised up its economic growth forecasts for this year and next on Wednesday, saying it expected a 2 percent expansion in 2015 after internal demand and business investment gathered pace in recent weeks.