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.
VIX Doesn't Work as Signal for Returns in S&P 500, Birinyi Research Shows Investors looking for clues about
the U.S. stock market should probably ignore the Chicago Board
Options Exchange Volatility Index, according to a study of the
VIX by Birinyi Associates Inc.
Stiglitz Says Fed `Misjudged,' Stimulus Withdrawal Risks Hurting Housing The Federal Reserve’s decision to
let its mortgage-debt purchase programs end this month risks
driving up home-loan rates and worsening the housing crisis,
Nobel laureate Joseph Stiglitz said.
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.
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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