By Drew Benson The peso rose 0.8 percent to 1,986.76 per dollar at 9:28 a.m. New York time, from 2,003.21 yesterday. The yield on the country’s 11 percent benchmark bonds due in July 2020 fell eight basis points, or 0.08 percentage point, to 8.8 percent, according to Colombia’s s

Feb. 4 (Bloomberg) -- Chile’s peso dropped to the lowest in almost four months as copper prices plunged on concern metals demand may wane in the U.S. The peso declined 1.2 percent to 544.13 per U.S. dollar at 3:51 p.m. New York time, from 537.88 yesterday. The peso touched 550.50, t

AAP The value of Australian super assets rose by around nine per cent, or $88 billion, to a total $1.115 trillion at the end of 2009, according to a global study by financial consultant Towers Watson. In US dollar terms, Australia rose to fifth place at $US996 billion ($A1.12 trillion) from

The value of Australia’s superannuation funds rose in 2009 following a rebound on world financial markets, lifting it to fifth place in a global pension assets rankings list. The value of Australian super assets rose by around 9 per cent, or $88 billion, to a total $1.115 trillion at t

By Drew Benson Jan. 28 (Bloomberg) -- Chile’s peso fell for a ninth day, its longest losing streak in 15 months, as December industrial sales and production data came in below forecasts. Regulators announced on Jan. 26 changes in how pension funds, or AFPs, measure the

By Drew Benson The change requires funds to measure their foreign-exchange exposure with the actual exchange rate of the underlying asset, Volpon said in an e-mailed report. Previously, pension funds used denomination to measure exposure. The regulator has given funds 90 days to adjust to

Jan. 20 (Bloomberg) -- Bank of New York Mellon Corp. and State Street Corp., the two largest independent custody banks, reported fourth-quarter earnings that beat analysts’ estimates, helped by recoveries in stock and bond markets. “Credit quality is getting better more quickly th

January 21, 2010 After so many dud road-related public-private partnerships (PPPs), it seems the NSW Government has realised that if it wants to build the Metro, it will have to find the money itself, or else overhaul the current model, which has burnt so many investors. While the

The Australian dollar made a run for multi-month highs against a swathe of major currencies on Thursday after a surprisingly strong retail sales report bolstered the case for a February interest rate rise. The dollar shot up over half a cent within seconds of data showing sales in November