I.P.O./Offerings

Petronas of Malaysia has filed a draft prospectus for an initial public offering of its entire petrochemicals business, moving a step closer toward creating country's second largest I.P.O. after Maxis.

With rising fears of a prolonged recession and stomach-churning moves in the stock market, corporate bond markets have performed so well this year they look like they're part of a parallel universe, The Associated Press reported.

Two years after the financial crisis, the stock market remains fragile. While there has been a robust rally in bonds, with companies aggressively issuing debt to take advantage of low interest rates, the appetite for equity remains weak.

Two years after the financial crisis, the stock market remains fragile. While there has been a robust rally in bonds, with companies aggressively issuing debt to take advantage of low interest rates, the appetite for equity remains weak.