Foreigners flee from U.S. government bonds in April: Treasury
Foreign investors dumped U.S. government debt in April and were net sellers of all long-dated U.S. securities for the third consecutive month, the U.S. Treasury said.
IMF urges repeal of ‘ill-designed’ U.S. fiscal cuts
The International Monetary Fund urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year. Instead, the IMF suggests the US to adopt a plan to slow the growth in spending on government-funded health care and pensions, known as “entitlements.”
JPMorgan’s private equity unit to become independent
In the latest move by a financial institution to shed risky businesses amid financial reform, JPMorgan Chase & Co said its private equity unit will become independent, and will raise its next investment fund externally rather than through JPMorgan.