MADRID / AP Spanish police say they have arrested seven people suspected of involvement in stealing five paintings by the Irish-born painter Francis Bacon worth €25 million ($27.8 million). The artworks’ owner reported the robbery of the paintings and other valuables to the police in July, and none of the painting has yet been recovered. Investigators in February received information ...

  Bloomberg A selloff in German government bonds has proved short-lived, with benchmark 10-year securities set for their first monthly gain since February, even as the Federal Reserve has adopted a more hawkish tone on the outlook for U.S. interest rates. Data next week will go a long way to showing why the divergence trade is far from finished. While ...

  Bloomberg The pound is gathering supporters. One month ago, the U.K. currency was seen ending June at $1.42, according to the median of analyst estimates in a Bloomberg survey. That forecast has now risen to $1.45, the highest in almost four months, even as the crucial June 23 vote that will decide the fate of Britain’s membership in the ...