Worldwide News
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Japanese Stocks Decline on Earnings, Unrest in Egypt; Crude, Copper Climb
Japanese stocks dropped as corporate earnings missed analysts’ estimates, while crude oil rose on concern flaring violence among protesters in Egypt will lead to more turmoil in the Middle East.
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Barclays, HSBC Mute Rhetoric About Leaving London as Breakup Threat Abates
Barclays Plc , Standard Chartered Plc and HSBC Holdings Plc , three of Britain’s biggest lenders, are toning down threats they made last year to leave London as pressure to break up commercial and investment banking eases.
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Egypt Not Iran 1979 as Mideast Financial Stability Buoys Markets Worldwide
Egypt’s turmoil is having limited impact on global financial markets, where investors see few parallels with Iran’s 1979 revolution or the contagion that followed Thailand’s meltdown 13 years ago.
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BofA Is Said to Near Sale of Balboa Division to QBE
Bank of America Corp. , the largest U.S. lender by assets, is near an agreement to sell its Balboa insurance unit to Australia’s QBE Insurance Group Ltd. , said two people with knowledge of the matter.
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