Domestic oil and natural gas producers are behind the best annual start in at least a decade for Canadian energy deals as companies such as Canadian Natural Resources Ltd. fill a void left by state-owned firms.
Wisconsin Governor Scott Walker insisted his state is “broke” as he sought to limit collective bargaining for most government workers, while investors in the $2.93 trillion municipal-bond market have shown faith in the government’s ability to work out its fiscal difficulties.
The city of Mesa, Arizona, fired 125 employees in 2009 as tax collections dropped amid a housing slump and a recession. Now, it is filling vacancies, training a class of police recruits for the first time in three years, and Mayor Scott Smith says he’s confident “revenue levels are going to stabilize.”
Commodity prices climbed to a five- week high after China, the world’s third-biggest economy, eased its currency peg to the dollar, spurring bets that global demand for energy, industrial metals and crops will increase.
Lloyd’s of London’s three biggest insurers, Amlin Plc , Hiscox Ltd. and Catlin Group Ltd. , may post declines in annual pretax profit of at least 37 percent after earthquakes in Chile and New Zealand eroded profits from a year without losses from a major U.S. hurricane.