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Colombia Peso Sinks Most in 4 Months on Central Bank Purchases

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March 3 (Bloomberg) -- Colombia’s peso fell the most in four months after the central bank said it will buy $20 million a day in the foreign exchange market to break a 6 percent surge this year that has made it the world’s top-performing currency. The peso plunged the most since
Oct.
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Colombia Peso Falls Most in a Month on Central Bank Purchases

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By Andrea Jaramillo The peso plunged 1 percent to 1,916.29 per U.S. dollar at 8:17 a.m. in New York, from 1,896.38 yesterday. It earlier fell as much as 1.2 percent, its biggest drop since Jan. 27. The decision to accumulate international reserves comes amid “signs that the exchan
ge
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Ticonderoga Hires Pali’s Lefberg for Merger Arbitrage (Update1) - Bloomberg.com

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Lefberg, 32, joins from Pali, which shut down after failing to find a buyer. He worked there for four years and before that was employed by Goldman Sachs Group Inc. Jeremy Stovall , 26, also joined Ticonderoga from Pali as a vice president. Lefberg and Stovall are based in New
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Volcker Says U.S. Economy Faces Substandard Growth for While - Bloomberg.com

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Volcker “felt it was too early for the Fed to come out of the special situation they’re in right now,” according to Jonathan Slone , chairman and chief executive of CLSA, the Hong Kong-based brokerage and investment group that organized the event. Volcker spoke during a 90-
minute
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Chile Peso Trading Comes to Noon Halt as Traders Rush Home - Bloomberg.com

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Trading in the peso, which closed the day little changed at 524.7 per dollar, was down more than 50 percent and ended two hours before its normal 2 p.m. close in Santiago (noon New York time), according to brokerage BCI Corredor de Bolsa SA and Banco Santander SA’s local unit. BCI employe
es
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Morgan Stanley’s Mack Says Investment Banker Pay Still Too High - Bloomberg.com

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Feb. 25 (Bloomberg) -- Morgan Stanley Chairman John Mack said investment bankers are overpaid and Wall Street compensation won’t decrease much because firms don’t want to lose their best performers. Mack, who retired as CEO of the world’s biggest brokerage in December, c
ited a
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Mexico to Offer Dollar Options in Monthly Auction (Update2)

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Feb. 22 (Bloomberg) -- Mexico’s central bank will buy as much as $600 million a month in the currency market in a push to boost foreign reserves after last year’s peso tumble led policy makers to turn to the International Monetary Fund for help. Banco de Mexico will auction opt
ions
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Colombia Peso Climbs to Four-Month High on Oil Company Inflows

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By Drew Benson The peso rose for a third day, climbing 0.4 percent to 1,914.3 per U.S. dollar at 9:21 a.m. New York time, from 1,921.72 at the end of last week. Earlier it touched 1,908.8 per dollar, its strongest since Oct. 26. “Foreign direct investment is increasing at a very fa
st
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Treasuries Tumble on Supply, Europe’s Pledge to Support Greece - Bloomberg.com

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Ten- and 30-year yields rose the most in seven weeks as sales of the securities drew lower-than-average demand. The European Union said it was prepared to take action to support Greece, while leaving open how it might respond to a fresh wave of speculative attacks against member nations that
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Yanukovych Says He Won Ukraine’s Presidential Vote (Update5) - Bloomberg.com

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Yanukovych, 59, led with 48.53 percent of the vote versus 45.88 percent for Prime Minister Yulia Timoshenko , after 98.09 percent of the ballots were counted, according to the Central Electoral Commission’s Web Site. The vote was too close to call, said Timoshenko, 49, while Yanukovy
ch
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Morgan Stanley Smith Barney finds new boss

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Wealth manager Morgan Stanley Smith Barney has hired Matthew Comyn as chief executive of its Australian wealth management business. Mr Comyn was previously managing director at Commonwealth Securities, a unit of Commonwealth Bank. Financial services firms are eyeing a larger share of the
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China’s Fullgoal Asset Sees Loan Limits Improving Bond Returns - Bloomberg.com

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Banks will shift more cash into debt as their new lending declines after surging to a record last year, said Yang Guibin , a bond fund manager who helps manage 3 billion-yuan ($435 million) at the Shanghai-based company. Investors have already priced in a possible interest-rate increase to curb
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Brazil Real Falls to Weakest in 4 Months as Global Stocks Drop

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By Camila Fontana The real fell 0.7 percent to 1.8010 per dollar at 11:23 a.m. New York time, from 1.7888 yesterday. Earlier it touched 1.8062, its weakest level since Oct. 2. The real fell in eight of the past nine trading days and is the worst-performing major currency in 2010, with a
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NYC Office Space for Rent Increases 38%, Cushman Says (Update2) - Bloomberg.com

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Available space totaled 43.8 million square feet at the end of 2009, compared with 31.8 million a year earlier, the New York-based brokerage said today in a report. That’s equivalent to 11.1 percent of Manhattan’s office space, the same as at the end of September, accordin
g to
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NYC Office Space for Rent Increases 38%, Cushman Says (Update1) - Bloomberg.com

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Available space totaled 43.8 million square feet at the end of 2009, compared with 31.8 million a year earlier, the New York-based brokerage said today in a report. That’s equivalent to 11.1 percent of Manhattan’s office space, the same as at the end of September, accordin
g to
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In hard times, boutique broker"s bear earnings strike bullish tone

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HARTLEYS kept its head well and truly above water in the latest year, with pre-tax earnings of $8.6 million making it one of the more profitable boutique stockbroking firms in the country. It didn't escape the difficult conditions in the broking sector, though, with the latest earnings of
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Chile Inflation Bond Yields Fall on CPI Outlook, Lower Supply - Bloomberg.com

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Yields on inflation-linked bonds, known as BCU, have also dropped since the central bank said on Dec. 28 it would only sell fixed-rate bonds in the local market this year. “There’s no doubt inflation is going to start to pick up,” said Ruben Catalan , an analyst at brokera
ge BCI
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Brazilian Real Drops Most in Two Weeks on ‘Large’ Dollar Order - Bloomberg.com

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“We had a large outflow of foreign currency,” said Mario Battistel , foreign exchange manager at Fair Corretora de Cambio, a Sao Paulo-based brokerage with more than 100 currency traders. “One company or an importer sent money abroad because the rate is attractive.” The real los
t 0.8...
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Emerging Market Stocks to Extend Best Year, Credit Suisse Says - Bloomberg.com

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Shares in developing nations have climbed 16 percent since the U.S. Institute for Supply Management’s factory index rose above the 50-level that indicates expansion in August, Credit Suisse analysts Sakthi Siva and Kin Nang Chik said in a report. That compares with an average 12-month rally.
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Argentine Peso Drops Most Since March; Chilean Peso Declines - Bloomberg.com

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The peso fell 0.7 percent to 3.823 per dollar at 2 p.m. New York time, from 3.7963 yesterday. It has lost 9.7 percent this year, the worst performance among 26 emerging-market currencies tracked by Bloomberg, and is down 74 percent since the government ended a one-to-one peg against the dollar in...
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