Obama Proving Pessimists Wrong as Rebounding Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Senate Said to Weigh Setting Up $50 Billion Fund to Wind Down Failed Firms Senate negotiators are closing in
on a deal to create a $50 billion trust fund from fees on large
financial firms that may include Goldman Sachs Group Inc. and
Citigroup Inc. and be used to wind down failing institutions,
said a Senate aide and two people familiar with the talks.
Citigroup Plans $2 Billion TruPS Sale After Repaying U.S.: Credit Markets Citigroup Inc., seeking capital
after repaying bailout funds to the Treasury, is selling trust
preferred securities as rising investor demand drives borrowing
costs to near the lowest in almost five years.
Buyout Funds Can't Spend $503 Billion as Venture Capital Deja Vu Threatens Buyout funds sitting on half a
trillion dollars committed by investors may need more than a
decade to put the money to work if mergers and acquisitions
continue at the current pace.
Hedge Funds Return 0.5% in February as Stocks Recover, U.S. Rates Stay Low Hedge funds returned 0.5 percent in
February, led by North American managers, as global stock
markets rose on signs of recovery in corporate earnings and
signs that U.S. interest rates will remain low, Eurekahedge Pte
said.
America Movil Proposes One-Time Dividend, Larger Stock-Buyback Program America Movil SAB, Latin America’s
biggest wireless-phone carrier, proposed to pay a one-time
dividend of 32 centavos a share and buy back more of its stock,
even as it plans the region’s largest acquisition this year.
Vale's ADRs Cut to `Neutral' From `Buy' at UBS on `Disappointing' Results Vale SA’s American depositary
receipts were cut to “neutral” from “buy” at UBS AG, which
cut its valuation for the iron-ore producer to $32.70 from
$34.38 after “disappointing” fourth-quarter results.
Odds of Brazilian Rate Increase Decline If Meirelles Resigns, Volpon Says Brazilian central bank President
Henrique Meirelles is unlikely to raise the benchmark interest
rate this month if he leaves his post to seek a vice
presidential nomination, according to Tony Volpon, a Latin
America strategist at Nomura Holdings Inc.
Emerging-Market Stocks, Higher-Yielding Currencies Climb on China Exports Emerging market stocks rose,
erasing their losses for the year, and metal prices gained after
China said exports soared by the most in three years. The
British pound weakened as U.K. manufacturing contracted.
Brazil's Commodities Stocks to Lead 2010 Gains, Franklin Templeton Says Brazil’s commodities stocks are
expected to lead gains in 2010 with an expected pick up in the
U.S. economy, according to Franklin Resources Inc.
OPEC President Pinto Aims to Reduce Oil-Price Speculation, Volatility OPEC President Germanico Pinto said
he will seek to reduce price speculation and volatility during
his term as leader of the oil cartel, adding to calls from the
U.S. to Europe for measures to minimize market swings.
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