from Ross Kerber:
BOSTON (Reuters) - Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike.
from Alison Frankel:
(Reuters) - The Anti-Terrorism Act - which grafts civil remedies onto criminal statutes aimed at international attacks by militant groups - is confusing. As U.S. District Judge Brian Cogan of Brooklyn explained Wednesday in an opinion upholding a jury verdict of liability under the ATA against Jordan-based Arab Bank, the civil provisions "are derived from a complicated series of incorporations by reference" from the criminal laws - not, in other words, the easiest statutory texts for judges to interpret.
from India Insight:
The Reserve Bank of India kept interest rates unchanged in its bi-monthly review on Tuesday, waiting to assess inflationary pressures and giving banks time to reflect on the central bank’s previous cuts in lending rates.