Worldwide
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.
Greek Financial Crisis Is `Over,' Rest of Euro Region Is Safe, Prodi Says The worst of Greece’s financial
crisis is over and other European nations won’t follow in its
path, said former European Commission President Romano Prodi.
Hedge-Fund Losses Show Drop in Euro Fails to Benefit All Currency Traders Hedge funds that trade currencies
are taking hits from politicians casting them as speculators out
to sink the euro and push Greece into insolvency. They are also
losing money.
Emerging-Market Stocks, Higher-Yielding Currencies Climb on China Exports Emerging market stocks rose,
erasing their 2010 losses, and higher-yielding currencies
strengthened against the yen after China said exports soared the
most in three 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 deals continue at the current
pace.
China Mobile to Buy $5.8 Billion Stake in Pudong Bank for Payment Services China Mobile Ltd., the world’s
biggest phone company by market value, agreed to buy 20 percent
of Shanghai Pudong Development Bank Co. for 39.8 billion yuan
($5.8 billion) to expand its electronic payment business.
Iraqi Leaders Maneuver Amid Signs No Party Will Win Majority in Election Iraq faces tough political
coalition-building as leaders maneuvered amid indications that
no party would win a majority when initial results from the
parliamentary election are announced.
Madoff Victims Join Stanford Investors to Lobby Congress for Compensation Victims of Bernard Madoff and
accused Ponzi schemer R. Allen Stanford are banding together to
lobby Congress for a law that could require Wall Street firms to
pay billions of dollars to cover some of the losses they
suffered.
Senate Set to Vote Today on Measure to Extend U.S. Unemployment Benefits The U.S. Senate is set to approve a
$138 billion plan that would extend unemployment benefits
through the end of this year after eight Republicans joined
Democrats yesterday to end efforts to block the plan.
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