The Reserve Bank of Australia may resume lifting the developed world’s highest borrowing costs in July or August to counter inflation fueled by the biggest surge in demand since 2009, rates in money markets show.
BusinessWeek.com — Finance
UBS AG, the fourth-biggest arranger of Indian share sales in 2010, said at least a quarter of its offerings scheduled for this year will be pushed to 2012 after equities slumped.
BusinessWeek.com — Finance
Jeffrey Vinik, the Boston hedge-fund manager who formerly ran the Fidelity Magellan Fund, increased his U.S. stock holdings more than 11-fold during the first quarter with an emphasis on commodity-related shares.
BusinessWeek.com — Finance
Germany and France powered economic growth in the euro area in the first quarter as booming exports fueled domestic spending in the bloc’s core, offsetting turmoil sparked by sovereign debt woes in Greece, Ireland and Portugal.
BusinessWeek.com — Finance
The U.S. economy slowed more than forecast in the first quarter as government spending declined by the most since 1983 and household purchases cooled.
BusinessWeek.com — Finance
Carlyle Group, the buyout firm that may go public this year, distributed more than $ 6.4 billion to investors in the first quarter, the most in its 24-year history, as market rebounds made it easier to sell holdings.
BusinessWeek.com — Finance
Britain’s economy rebounded in the first quarter by enough to erase the contraction of the previous three months on the strongest surge in service-industry growth for four years.
BusinessWeek.com — Finance
AIA Group Ltd., the third-largest Asia-based insurer by market value, surged to a record in Hong Kong trading after saying its value of new business rose 21 percent in the first quarter as it sold more-profitable policies.
BusinessWeek.com — Finance
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