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.
AIG Draws Another $2.2 Billion From Treasury Line to Bolster Insurer Units American International Group Inc.,
the insurer rescued by the U.S., drew $2.2 billion more from a
Treasury Department facility to bolster property-casualty units
that will be the core of a scaled-back company.
Convertible Debt Beats Bonds, S&P 500 as Ciena Leads Sales: Credit Markets Convertible bonds are returning
more than the broader debt market and the Standard & Poor’s 500
Stock Index this year, prompting sales to double.
CIT Says Net Worth Rose to $41.99 a Share as Thain Plots Lender's Recovery CIT Group Inc., the commercial
lender that hired John Thain to lead the company after
bankruptcy, told investors its book value increased to $41.99 a
share, more than forecast and 16 percent above its stock price.
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.
Chile Backs $3.2 Billion Dam Rejected by North Face Founder After Quake Chilean Energy Minister Ricardo
Raineri said Empresa Nacional de Electricidad SA’s hydropower
project is “tremendously attractive,” signaling the government
may endorse the $3.2 billion dam after an earthquake last month
damaged the central power grid.
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.
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