The Estado de S. Paulo daily newspaper reported Brazil's government plans to finance state-run oil company Petroleo Brasileiro SA's participation in the October 21 auction of Libra, country's largest-ever oil discovery.
Police and labor officials said about 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage. "Our backs are against the wall, so we don't have any alternative unless we raise our voice strongly," Nazma Akter, president of the United Garments Workers' Federation.
Germany's ThyssenKrupp won support from banks to extend credit lines worth 2.5 billion euros as the steelmaker is grappling with billions of debt and its ailing Americas business.
Executive Board member Yves Mersch was quoted as saying the European Central Bank should be able to staff the leading positions of its new supervisory authority by the end of the year.