To those who were expecting rising bond yields by now, you’re in good company. The fits and starts in economic growth has primary dealers grasping at straws for the moment, as Lisa Abramowicz and Daniel Kruger report today.
Brink’s Co. plunged the most in two years after saying it will write down the value of its Venezuelan assets, showing how last month’s 88 percent currency devaluation is squeezing companies with cash in the country.
New York City may have its coldest weather until next winter tomorrow as a storm that spread snow and ice from the Midwest into the Northeast and grounded more than 1,000 flights makes its way out to sea.
Nalcor Energy and Nova Scotia’s Emera Inc. agreed to invest C$6.2 billion ($6.1 billion) in a hydroelectric project to ship power from Labrador’s Lower Churchill River to customers in eastern Canada and New England.