BUSINESS

Fed's QE2 'Cheap Money' Spurs Investment Abroad

11/17/2010 12:21 pm ET | Updated May 25, 2011

Such spending sounds like just what the Federal Reserve had in mind in 2008 when it cut interest rates to near zero and started buying $1.7 trillion in securities to spur job growth. Yet Southern Copper, which raised $1.5 billion in an April debt offering, will use that money at its mines in Mexico and Peru, not the U.S., said Juan Rebolledo, spokesman for parent Grupo Mexico SAB de CV of Mexico City.

Read more on Bloomberg

Suggest a correction