Dollar flatlines ahead of Yellen, Draghi at Jackson Hole

LONDON - The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

Recent Business News

Co-Op Bank losses narrow on branch closures, staff cuts

LONDON - Britain's Co-operative Bank reported a narrower loss for the first six months of 2014 after axing jobs and closing branches following a restructuring that saw it fall under the control of bondholders.

3:43am EDT

LSE unveils $1.6 billion rights issue for Frank Russell deal

LONDON - The London Stock Exchange Group said on Friday it would raise 938 million pounds ($1.6 billion) to part fund the acquisition of U.S. indexes group Frank Russell.

4:37am EDT

Bank of America settles mortgage probes for $16.65 billion

WASHINGTON/NEW YORK - Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank close a major chapter tied to the financial crisis. | Video

21 Aug 2014

Russia's MTS raises Ericsson contract to over $1.5 billion

MOSCOW - Russia's biggest mobile phone operator MTS said on Friday it had increased its contract with Swedish telecom equipment supplier Ericsson to more than $1.5 billion.

5:27am EDT

U.S. judge calls Argentina debt swap plan 'illegal'

NEW YORK - U.S. District Judge Thomas Griesa on Thursday called Argentina's proposed debt restructuring plan "illegal" but stopped short of holding the country in contempt, saying that would not help resolve the dispute that led to the nation's second default in a dozen years.

21 Aug 2014


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