Fed Officials Signal Recovery Isn't Strong Enough to Warrant Higher Rates Federal Reserve officials signaled
the U.S. recovery isn’t strong enough to stoke inflation, reduce
unemployment quickly or justify an end to record-low interest
rates.
Producer Prices in U.S. Probably Dropped in February as Fuel Costs Cooled Wholesale prices in the U.S.
probably fell in February, held back by lower petroleum costs
and signaling there are few inflation pressures building in the
early stages of the economic recovery.
Bernanke to Tell Congress Fed `Uniquely Suited' for Oversight of Big Banks Federal Reserve Chairman Ben S.
Bernanke said the central bank is best qualified to oversee the
largest financial institutions and should retain its oversight
of smaller banks as well.
Simon Property Said to Be Preparing a New Takeover Bid for General Growth Simon Property Group Inc., the
biggest U.S. mall owner, is preparing a new offer for General
Growth Properties Inc., a month after being turned down by its
largest rival, according to a person with knowledge of the plan.
Eaton Vance's Cirami Wins Greek Bet Five Years After Buying Credit Swaps Michael Cirami, co-manager of the
$2.2 billion Eaton Vance Global Macro Absolute Return Fund,
waited five years for investors to realize that insurance on
Greek government bonds was too cheap.
Honda Recalls 412,000 Odyssey Vans, Element Wagons to Repair `Soft' Brakes Honda Motor Co. recalled 412,000
U.S. vehicles including the Odyssey, the country’s best-selling
minivan last year, to fix a brake-system flaw that spurred
driver complaints of pedals feeling “soft.”
Batista's OSX Slashes IPO Price 40%, Deepening Slump in Brazilian Sales OSX Brasil SA, the oil-services and
shipbuilding company controlled by billionaire Eike Batista, cut
the price of the biggest planned initial public offering in
emerging markets this year by as much as 40 percent, deepening a
slump in Brazilian share sales.
Brazil May Raise Rate for First Time Since 2008 as Growth Fuels Inflation Brazil’s central bank may raise
interest rates for the first time in 18 months as the rapid
recovery of Latin America’s biggest economy has pushed inflation
above its 4.5 percent target.
Mexico Hires Citigroup, HSBC to Manage 30-Year Inflation-Linked Bond Sale Mexico hired Bank of America Corp.,
HSBC Holdings Plc, ING Groep NV and Citigroup Inc.’s Banamex
unit to manage a sale of 30-year inflation-linked peso bonds in
the local market.
America Movil Rebounds as Merger With Slim's Telmex Cuts $700 Million Cost America Movil SAB may recover from
its biggest share slump in a year as investors warm to Carlos
Slim’s plan for combining the wireless carrier with his South
American mix of phone, Web and video providers.
Petrobras Finds More Evidence of Oil in Piranema Field of Sergipe Basin Petroleo Brasileiro SA, Brazil’s
state-controlled oil producer, found more evidence of oil in the
Piranema field in an offshore block in Brazil’s Sergipe Basin,
the Brazilian petroleum regulator said.
EchoStar, MVS End Their Purchase of Satmex After Objection by Bondholders EchoStar Corp. and MVS
Comunicaciones SA ended their agreement to buy Satelites
Mexicanos SA for $267 million after the Mexican satellite
operator’s bondholders objected to the deal.
FEEDBACK
HOME
