Mexico’s peso rose, extending its biggest monthly advance since September, as prospects for a diplomatic solution to the crisis in Ukraine boosted demand for the Latin American country’s higher-yielding assets.
Three Republican governors eyeing the White House, including embattled New Jersey Governor Chris Christie, were in Las Vegas yesterday to court Sheldon Adelson, a billionaire casino owner who could give any of their eventual campaigns a major financial boost.
Cuban lawmakers approved a law that allows for full foreign ownership of companies and reduces taxes for overseas investors in President Raul Castro’s latest bid to open up the communist island’s economy.
Mexico’s inflation-linked bonds dropped to a five-year low after central bank Governor Agustin Carstens said yesterday that consumer price increases will slow toward the official 3 percent target in 2015.
Tesla Motors Inc. said it will add battery shields underneath its Model S electric-powered sedans as U.S. regulators ended a four-month investigation into fires that occurred after the cars struck road debris.
CBS Outdoor Americas Inc. will seek to buy smaller U.S. billboard companies following its $560 million initial public offering, ramping up competition with Lamar Advertising Co. and Clear Channel Outdoor Holdings Inc.
General Motors Co. will probably create a fund of as much as $3 billion to pay claims associated with an ignition-switch flaw the automaker said is linked to the deaths of 12 people, a Barclays analyst wrote this week.