Bloomberg The revival of a long-established relationship between unemployment and inflation is proceeding — ever so slowly, according to European Cent-ral Bank Governing Council member Olli Rehn. “We see some signs that the Phillips curve is waking from its coma,” said Rehn, referring to the theory first described by William Phillips in the 1950s. “It’s maybe alive but not kicking ...

Bloomberg Wells Fargo & Co. hasn’t yet fixed all of its problems, but at least it stopped its revenue slump. The bank posted a surprise increase in revenue, with the figure rising to $21.9 billion in the third quarter, after analysts expected a slight decline. The bank benefited from rising interest rates and saw growth in consumer-lending originations in areas ...

Bloomberg The Bank of England’s next 50-pound note will be made out of plastic as the UK extends the production of polymer cash to its highest-denomination bill. The new note, worth about $66 at current exchange rates, will be Britain’s last denomination to make the shift from paper to plastic, with five- and 10-pound bills already made of the more ...