Worldwide
Stocks, Commodities Gain as Yen, Dollar Fall on Signs of Economic Recovery Stocks and commodities gained as
the dollar and the yen fell against the euro as signs of
economic recovery sparked demand for higher-yielding assets. Oil
rose the most in more than five weeks.
UBS Said to Generate $2.3 Billion of Fixed-Income Revenue in Rebuilt Unit UBS AG generated about $2.3 billion
of revenue at its fixed-income division in the first quarter as
Switzerland’s biggest bank rebuilt the unit following record
losses, people with knowledge of the situation said.
Greece Offers Five Times Yield Premium of Spain to Attract Bond Investors Greece, the European Union’s most
indebted member, offered more than five times the yield premium
of comparable Spanish debt to lure investors to its first bond
sale since a bailout was agreed to for the nation.
Junk Bonds Set Monthly Record in `Goldilocks' Environment: Credit Markets Junk bond sales reached a record
this month as rising profits and record low Federal Reserve
interest rates foster lending and investment to the lowest-rated
borrowers.
AM Investment Said to Acquire BAM as Returns at Volatility Funds Decline AM Investment Partners LLC, a $300
million hedge-fund firm that makes wagers on price swings, is
taking over the assets of BAM Capital LLC, which have declined
about 70 percent from their peak, according to a person with
knowledge of the transaction.
Goldman Sachs Capitulation on Dollar Leads Turnaround in Outlook for U.S. The strengthening U.S. economy,
subdued inflation and rising stock prices are propelling the
dollar rally into its fifth month as traders seek refuge from
Europe’s fiscal crisis and Japanese deflation.
Intercontinental Exchange Hires House Adviser to Lobby Congress on Swaps House Financial Services Committee
adviser Peter Roberson, whose job was to deal with banks and
exchanges on behalf of Representative Barney Frank as new
swaps legislation was crafted last year, has gone to work for
Intercontinental Exchange Inc. as a lobbyist.
Moscow Metro Attacks Saddle Medvedev With Putin's War on Homegrown Terror The Moscow metro terror attacks
that killed at least 38 people yesterday show Russian President
Dmitry Medvedev is no closer to uprooting homegrown terrorism
than his predecessor, Prime Minister Vladimir Putin.
Rio's Hu Sentenced to 10 Years in Prison by Shanghai Court in Bribery Case Rio Tinto Group will hold a “far-
reaching” investigation into its operations after a Chinese
court sentenced four employees to as long as 14 years in prison
for taking bribes and infringing commercial secrets.
Supreme Court Justices Signal Curbs on U.S. Lawsuits by Foreign Investors U.S. Supreme Court justices,
questioning a lawsuit against National Australia Bank Ltd.,
signaled they may limit the ability of foreign investors to use
American courts to sue companies based abroad.
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