Mexico’s peso will rally through June on speculation the Federal Reserve will keep the benchmark U.S. lending rate at 2 percent this year, helping maintain the yield advantage of Mexican assets, Citigroup Inc. said.
The peso will rise to 10.3 against the dollar by June, Joel Virgen, an economist at Citigroup’s Banamex unit in Mexico City, [...]
Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
Metzenbaum came from poverty to accumulate a fortune in the parking-lot business, but he made a political career of battling for the poor and the middle class. His style was stubborn, bombastic and often self-righteous %26mdash; so grating that more than one colleague compared it to fingernails scraping across a blackboard.
But Metzenbaum’s success in passing [...]
Giordano was best known through the performing of his company, Giordano Jazz Dance Chicago, founded in 1962 and based in Evanston, Ill., and through his teaching at dance conventions throughout the United States. The company, now directed by Nan Giordano, his daughter, is said to have been the first dance troupe to dedicate itself solely [...]
Berger was working at the Yorkshire, England, laboratory of a British drug company, trying to find a preservative for penicillin, when he noticed that a chemical agent he was working with had a calming effect on laboratory animals including mice, rats and guinea pigs.
He described this “tranquilizing” action in a classic 1946 article in The [...]
As Tommy Udo, a giggling, psychopathic killer in the 1947 gangster film “Kiss of Death,” Widmark tied up an old woman in a wheelchair (played by Mildred Dunnock) with a cord ripped from a lamp and shoved her down a flight of stairs to her death.
“The sadism of that character, the fearful laugh, the skull [...]
Mexico’s consumer prices rose more than twice as fast as economists expected in the first half of March, reducing speculation the central bank may cut lending rates this year.
Prices climbed 0.48 percent, the central bank said today. Economists expected 0.21 percent in the first two weeks of March, the median estimate of 14 analysts surveyed [...]
Chile’s peso rose the most in a week on speculation the central bank will keep raising its key lending rate while the Federal Reserve cuts borrowing costs, increasing the appeal of the South American nation’s fixed-income assets.
An increase today in the price of copper, Chile’s biggest export, also helped boost the currency. The 4 percentage-point [...]
It probably says a lot about the psychology of Wall Street that the near failure this week of one of its biggest and most aggressive players, Bear Stearns, was being hailed in some circles as the light at the end of the tunnel.
As Bear Stearns was being rescued from the brink of bankruptcy, the US [...]
THE Federal Reserve cut short-term interest rates for the sixth time in six months on Tuesday, capping an extraordinary series of measures it has taken to stabilise financial markets.
The cut was smaller than investors had been expecting, and exposed some signs of a split among policy makers.
The central bank lowered its federal funds rate - [...]
