Bernanke Says Large Bank Bailouts `Unconscionable,' Must Not Occur Again Federal Reserve Chairman Ben S.
Bernanke said government bailouts of big financial companies are
“unconscionable” and must be ended as part of a regulatory
overhaul following the worst financial crisis since the 1930s.
Durable Goods Orders in U.S. Probably Rose as Manufacturers Propel Economy Orders for long-lasting goods in
the U.S. probably climbed in February for a third month, and
home sales were little changed, adding to evidence manufacturing
is heading the recovery, economists said before reports this
week.
Goldman Sachs's Blankfein Gets $9.8 Million Compensation Package for 2009 Goldman Sachs Group Inc. gave
Chairman and Chief Executive Officer Lloyd Blankfein $9.8
million in total compensation for 2009, the firm said in a
regulatory filing.
U.S. Stocks Gain for Third Week as Federal Reserve Repeats Low-Rate Pledge U.S. stocks advanced, sending the
Standard & Poor’s 500 Index to a third straight weekly gain, as
the Federal Reserve said it will keep interest rates near zero
to nurture the economy’s recovery.
Advanta Bank, Six Other U.S. Lenders Closed Amid Bad Loans on Real Estate Advanta Bank Corp., owned by the
bankrupt credit-card issuer, was shut by regulators along with
three lenders in Georgia as the number of failed banks this year
climbed to 37.
IDB Split on Capital Increase as U.S. Urges Reform, Brazil's Bernardo Says Governors of the Inter-American
Development Bank are split on recapitalizing the region’s
biggest infrastructure lender, as U.S. officials condition
support for any increase on reforms.
Mexico Central Bank Keeps Overnight Rate at 4.5% as Prices Stay in Check Mexico’s central bank kept its
benchmark interest rate unchanged today and said inflation will
stay in line with its forecasts, adding to speculation that
policy makers won’t raise borrowing costs this year.
Growth in Latin America Slowed by Low Productivity Gains, IDB Report Says Productivity rates in Latin
American and Caribbean nations are stunting economic growth, the
Inter-American Development Bank said.
Bank of America Hires Ades, Milne to Bolster Emerging-Market Debt Research Bank of America Corp. hired Alberto
Ades as co-head of emerging-market fixed-income strategy, part
of an effort to bolster developing-nation research at the
biggest U.S. bank by assets.
Argentina's Economy Expands at Slowest Annual Pace Since 2002's Recession Argentina’s economy expanded last
year at the slowest pace since pulling out of a recession in
2003, as a global crisis choked exports and agricultural output
fell because of the worst drought in a century.
Colombia's Coffee Crop to Surge on `Optimal' Weather, Growers' Group Says Colombia’s coffee output will jump
41 percent this year from a 33-year low as a combination of
“optimal” weather and adequate fertilizer use improves yields,
according to the National Federation of Coffee Growers.