Asia News
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European stocks, U.S. equity futures and commodities rallied before Group of 20 finance ministers meet to discuss the debt crisis. French, Belgian and Spanish bonds declined after downgrades.
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Olympus Corp. ousted its first non- Japanese president after less than seven months in the job, sending shares of the camera and medical-equipment maker plunging the most in 37 years.
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The combination of a weakening rupee and U.S. interest rates near a record low is prompting India’s state-owned refiners to turn to dollar funding for oil imports.
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Goldman Sachs Group Inc. is on its way to taking the top spot among advisers on Japanese takeovers for the first time in five years, supplanting Nomura Holdings Inc., as companies striving to compete globally turn increasingly to foreign investment banks.
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