Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
A look at global economic developments (AP)
and the release of fairly upbeat manufacturing surveys in the 16 countries that share the euro and the U.K.
Meanwhile, other data said that unemployment in the 16 countries that use the euro held steady at 9.9 percent in January for the third month running.
of leading British shares closed up 1 percent,
rose 2.1 percent and the CAC-40 in
was 1.6 percent higher.
ATHENS, Greece —
pressed Greece on Monday to make more painful, permanent
soon, as markets speculated that the bloc or heavyweights France and Germany are preparing a financial lifeline to get the country out of its debt crisis.
that additional measures were necessary “in the coming days,” a view he said was shared by the
and the International Monetary Fund.
Rehn said it was up to the Greek government to announce specific spending cuts, which he said must be permanent and structural. But he refused to be drawn on a possible bailout, saying that the bloc “has the ways and means to secure stability in the eurozone.”
BERLIN — Germany’s chancellor says she is opposed to EU countries bailing out fellow eurozone member Greece.
SHANGHAI — Growth in China’s manufacturing slowed in February amid efforts to curb overcapacity in some industries and cool inflation by tightening control over bank lending, according to two surveys.
climbed 1.2 percent. Elsewhere in Asia, other stock markets rose. Japan’s benchmark
stock index advanced 0.5 percent,
jumped 2.2 percent, Singapore rose 0.9 percent and
climbed 1.9 percent.
, India and
were closed.
FRANKFURT — The Federal Statistical Office says German import prices rose 1.7 percent in January compared with December 2009.
HELSINKI — The Finnish and Swedish economies shrank in the fourth quarter of last year, as the global downturn continued to hit the
.
MEXICO CITY — Money sent home from Mexicans living abroad is still plummeting, falling nearly 16 percent to $1.3 billion in January, from $1.6 billion the same time last year.
’s No. 2 source of foreign income after oil exports. They totaled $21.2 billion in 2009, a 15 percent drop from 2008. The bank has blamed the U.S.
.
The central bank also said Mexico’s economy will grow 3.9 percent in 2010, improving its previous forecast of 3.3 percent.