In Brief

Article excerpt looks to start big Mexican wave US claws back lost jobs but the pace is slow THE US economy has recouped all the jobs lost since the start of the recession in early 2001 but non-farm payroll numbers still disappointed the City after they revealed firms hired 146,000 workers in January, far fewer than expected. Investec's Philip Shaw said: "The pace of job creation continues to disappoint despite what seems to be a fairly vigorous economy."

Equitas gets [pounds sterling]291m boost after pulling out of Zurich LLOYD'S of London rescue vehicle Equitas has swelled its coffers by $547 million ([pounds sterling]291 million) after agreeing with Zurich Financial Services to terminate early a reinsurance policy it took out with the Swiss giant. The group, set up a decade ago to settle all Lloyd's pre-1993 liabilties, said the commutation was in line with its stated aim of turning assets on its balance sheet into cash. …


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