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Mexican pension funds are stepping up their purchases of longer-maturity bonds at the fastest pace since December as inflation holds near a five-year low.
Pensioners, the second-largest fixed-income investors in the country, boosted their holdings of fixed-rate bonds due in more than 10 years by 4.3 percent to 182.4 billion pesos ($15.7 billion) in April […]
Don’t blame speculators for your pain at the pump, says Bill O’Grady. First blame the worldwide thirst for oil. Then blame the Federal Reserve for a cheap-money policy that makes commodities look attractive to investors.
Then blame fear, building quietly around the world, that America may someday stop being the global policeman.
O’Grady spent most of his […]
Failure, sometimes, is a good thing.
The motto of learning from our mistakes makes sense, yet too often we don
Filed under: Uncategorized, finance by Finance Boss
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The Food and Drug Administration approved Vertex Pharmaceuticals Inc.’s hepatitis C drug Incivek Monday, making Incivek the second new treatment to be approved in the last two weeks.
Incivek is a highly-anticipated pill that is expected to have annual sales in the billions. It is approved for patients who have some liver damage from hepatitis C […]
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Scientists say Iceland’s most active volcano, Grimsvotn, has started erupting.
Iceland’s Meteorological Office confirmed Saturday that an eruption had begun, and local media said smoke could be seen coming from the volcano.
Grimsvotn lies under the uninhabited Vatnajokull glacier in southeast Iceland.
It last erupted in 2004. Scientists have been expecting a new eruption and have said previously […]
The pace of Germany’s economic growth will probably slow by mid-year after jumping 1.5 percent in the first quarter, the Finance Ministry said in its monthly report.
The Munich-based Ifo institute’s German business confidence index sank for a second consecutive month in April, reflecting concern over energy prices. At the same time, growing domestic industrial […]
OTTAWA — There are no limits to the amount of foreign debt financing that a Canadian telecommunications company can raise, a lawyer for the federal government argued Wednesday at a hearing on whether the parent company of Wind Mobile passes as Canadian.
The Federal Court of Appeal is hearing the case after a lower court ruled […]
European Union finance ministers cleared the way for Portugal to receive 78 billion euros ($110.8 billion) in aid, making it the third euro-area country to fall back on official loans.
The EU’s two bailout funds, the European Financial Stability Facility and European Financial Stabilization Mechanism, will each provide one-third of the assistance, while the International […]
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Asked for a single-word response to sum up their state of mind, a significant number said they feel “lost.”
Others assessed themselves as “unsuccessful.” All were mired in futility.
No wonder: It has been at least a year since the 16 people who turned up at a Friday “boot camp” for the long-term unemployed last reported to […]