U.S. financial regulations that curb banks' ability to speculate with their own money included an exemption for the $3.7 trillion municipal bond market after issuers complained the rules could increase borrowing costs.
LONDON Dec 10 (Reuters) - Sterling hit a two-year high against the dollar on Tuesday as investors took upbeat comments from the Bank of England and strong house prices as signs that interest rates could rise sooner than previously thought.
Output from Britain's heavy industries rose more than expected in October, fuelling hopes that the UK's economic recovery, which has so far been driven by consumer spending, is broadening.
When Mary Barra was old enough to buy her first set of wheels, she put down a deposit on a Pontiac Firebird, the glamorous vehicle that became one of the hallmarks of the 1970s.
An A380 Superjumbo from EADS. The company will rebrand itself as Airbus Group next year, but will also cut jobs. Photo - Bloomberg.