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California Drops HF Regulation Push

Source: Alternative Investment News

California pulled its controversial proposal to regulate hedge funds after word surfaced that a new law of the kind would inspire hedge funds to move to other states.


Vale Taps Japanese Funds

Source: Trade Finance

Brazilian mining giant Vale has obtained $5 billion in financing from Japanese export credit agencies Japan Bank for International Cooperation and Nippon Export and Investment Insurance.


UBS’ Esteves Returns To Brazil

Source: LatinFinance.com

Andre Esteves, head of UBS’s fixed income, currencies and commodities business in London, is leaving his global post to return to Brazil.


MBIA Reports $2.4B Loss

Source: Reactions

MBIA has reported a net loss of $2.4 billion for the first quarter of 2008.

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