North Dakota, which has fewer inhabitants than Columbus, Ohio, was until recently best known for the oil boom consuming its western half and creating a $1.6 billion surplus equivalent to more than $2,200 per resident.
Five years ago, property agent Daisul Akhyar took 20 minutes to drive to work in Pekanbaru, capital of Indonesia’s Riau province. Now, he can spend two hours in traffic after a surge in wealth transformed the city.
Europe’s government bonds rose this week, with French, Austrian and Belgian yields falling to records, as the European Central Bank said it would keep policy accommodative and the Bank of Japan boosted asset purchases.
Blackstone Group LP is moving ahead with the initial public offering of SeaWorld Entertainment Inc. as soon as this month after rejecting takeover bids for the theme-park operator, said a person familiar with the matter.
Italian bonds advanced, pushing 10- year yields down from the highest level in four weeks, as President Giorgio Napolitano sought to end a political stalemate and start negotiations on a new government.