NEW YORK - Donaldson, Lufkin & Jenrette Inc. has announced a significant expansion of its international activities in Latin America and Europe.
The firm is opening offices in Mexico City and Buenos Aires, and in March the firm officially established a new sales, trading and structured product unit in London. The London unit will specialize in the securities of emerging European markets, including Poland, Russia and Turkey as well as South Africa.
DLJ also has enlarged its European, Middle Eastern and Asian distribution capabilities for Latin American products.
LONDON - Germany's Bundesbank is likely to lower interest rates in the near future, Dick Howard, director of economic research for Julius Baer Investments, said in an interview.
If Germany's M-3 money supply indicator comes in at a 7.5% to 8% growth rate, that slowdown in growth - compared with January's above-target 8.4% - should be "enough to allow the Bundesbank to ease," according to Mr. Howard.