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ECB's Coeure Says Officials Won't Rush as They Debate All Assets
The European Central Bank won't make a hasty decision to add more stimulus and will hinge any measures on incoming economic data, Executive Board member Benoit Coeure said.
"We'll have to understand how what we've already decided works -- we're not going to rush to a new decision without knowing," Coeure said yesterday in an interview with Bloomberg Television's Francine Lacqua. "We have to look at the data around us, and we have to discuss thoroughly all possible options in particular when it comes to buying new assets. There's unanimous agreement in the Governing Council that there might be situations where we'd have to do more."
Brent Drops a Second Day as OPEC Weighs Sparing Three From Cuts
Brent crude fell for a second day as OPEC considered exempting three members from potential production cuts when it meets this week. West Texas Intermediate also dropped in New York.
Futures dropped as much as 0.7 percent in London. Iraq, Iran and Libya won't have to trim supplies should the Organization of Petroleum Exporting Countries agrees to reduce output, according to two people with knowledge of the proposal. If the market is oversupplied, it isn't the first time, Saudi Arabia's Oil Minister Ali Al-Naimi said in Vienna yesterday as the 12-nation group prepared for discussions on Nov. 27.
U.S. prosecutors to interview London FX traders
(Reuters) - U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters.
Officials from the U.S. Department of Justice will interview current or former employees at HSBC Holdings plc among other banks, people familiar with the matter told Reuters.
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