Economy
China's February Inflation Accelerates, Adding Pressure for Stimulus Exit China’s inflation reached a 16-
month high, industrial output climbed and new loans exceeded
forecasts, adding to the case for the government to pare back
stimulus measures.
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit Greek hospitals, airports and
schools were shut and police scuffled with protesters as unions
staged the second general strike this year against government
budget cuts to curb the European Union’s biggest deficit.
Feldstein Says Euro's Declines Are a Result of `Panic Selling' Over Greece Harvard University Professor Martin
Feldstein said the euro’s 4.6 percent decline against the dollar
this year has been “panic selling” stemming from the financial
crisis in Greece.
Brown Tries to `Perversely' Benefit From U.K. Relapse Risk Before Election Gordon Brown is trying to turn the
threat of a double-dip U.K. recession into an advantage.
Swiss Central Bank May Keep Key Rate Unchanged as Economy Gathers Strength The Swiss central bank may leave
its benchmark interest rate near zero today to bolster a
recovery from the worst recession in more than three decades.
Trade Deficit in U.S. Probably Widened for Third Month as Imports Climbed The U.S. trade deficit probably
widened in January for a third month as imports grew faster than
exports, pointing to a rebound in global economic growth,
economists said before a report today.
Japan Fourth-Quarter GDP Expands 3.8%, Revised From 4.6% Reported Earlier Japan’s economy expanded less than
initially estimated in the fourth quarter as companies pared
spending and stockpiles as deflation deepened.
ECB's Mersch Says Euro-Region Economic Recovery Likely to Remain `Erratic' European Central Bank council
member Yves Mersch said the economic recovery in the 16 nations
that share the euro will probably be uneven.
Brazil Prosecutors Seek Tax Probe Against Central Bank President Meirelles Brazil’s Prosecutor General asked
the Supreme Court to pursue an investigation into alleged tax
crimes by Central Bank President Henrique Meirelles, according
to the high court’s docket posted on its Web site.
India's Food-Inflation May Slow After Near 18% Gain for Six Straight Weeks India’s food-inflation rate stayed
at around 18 percent for a sixth week, a sign that farm prices
may have peaked and will start declining soon.
Latvia Elections May Hamper Austerity, Weigh On Credit Rating, Fitch Says Latvian elections this autumn
threaten to hamper government efforts to push through austerity
measures vital to its international bailout, burdening the
country’s credit rating, Fitch Ratings said.
Sack Says Fed Selling Assets Would Risk Sudden Increase in Long-Term Rates Brian Sack, the New York Federal
Reserve Bank’s markets chief, said shrinking the central bank’s
$2.3 trillion balance sheet quickly through sales of assets
risks a sudden rise in long-term interest rates.
New Normal Becomes Old Normal With Exports Spurring Growth in New U.S. Mix The “new mix” is out to topple the
“new normal” as the paradigm for America’s economic future.
Fed `Extended Period' Pledge Faulted as Inflexible by Four Policy Makers The Federal Reserve’s pledge to
keep interest rates close to zero for an “extended period” has
come under criticism from policy makers who say it’s restricting
their room to maneuver as the economy recovers.
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