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Rubber is headed for the biggest glut on record, prolonging the bear market that began in April, as supply exceeds demand for a third year and Southeast Asian exporters ended curbs on shipments.
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Asian stocks rose as investors awaited the outcome of a Federal Reserve policy meeting and Japanese exporters rallied after the nation’s shipments increased more than analysts estimates.
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The dollar rose for a third day versus the yen amid speculation Federal Reserve Chairman Ben S. Bernanke will today provide more information about when U.S. policy makers will start to reduce bond purchases.
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The U.S. will continue to need crude from Canada’s oil sands because rising production from its shale formations is too expensive to maintain.
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Senior employees at U.K. banks may face a 10-year wait for bonuses under proposals put forward by a committee investigating the failures of the industry, which also recommended making “reckless” management of lenders a crime.
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Venezuela will boost supplies of dollars to importers as it seeks to alleviate a shortage of goods that is fueling the fastest inflation in the region, central bank director Armando Leon said.
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House Speaker John Boehner said he won’t bring an immigration bill to a vote unless it has the support of most Republicans in the chamber.
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The former president of a Systemax Inc. electronics sales unit was indicted on charges that he took bribes in exchange for steering more than $230 million in business to suppliers.
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PensionDanmark has pledged $200 million in funding for a wind farm in Nantucket Sound, in the first committed investment in Cape Wind Associates LLC’s proposed 468-megawatt park offshore Cape Cod.
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A group representing 225,000 U.S. doctors called for a ban on marketing energy drinks, such as those from Red Bull GmbH and Monster Beverage Corp., to youths.
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Once on the cutting edge of consumer electronics, Sony lost its mojo years ago. But every so often, it still comes up with something that reminds you of what it was, and maybe could be again.
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Zurich’s auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family.
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Tonight’s Major League Baseball game between the New York Yankees and Los Angeles Dodgers was postponed because of rain at Yankee Stadium. The teams will play a double-header tomorrow in New York.
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Almirall SA, the best-performing Spanish pharmaceutical stock, forecast demand for the lung- disease treatment Tudorza Pressair will increase in the U.S. as more managed-care plans cover the drug.
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