Worldwide
China's Bigger-Than-Forecast Export Rebound Adds Pressure to Pare Stimulus China’s exports rose more than
forecast in February and posted a third straight gain, a rebound
that adds to pressure on policy makers to pare back stimulus
measures adopted during the global recession.
Obama Proving Pessimists Wrong as Rebounding Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Yen Falls Against Taiwan, New Zealand Dollar on China Exports; Oil Climbs Higher-yielding currencies
strengthened against the yen and oil erased losses after China
said exports soared to the most in three years.
Citigroup Plans $2 Billion TruPS Sale After Repaying U.S.: Credit Markets Citigroup Inc., seeking to bolster
capital after repaying bailout funds to the Treasury, is selling
trust preferred securities as rising investor demand drives
borrowing costs to near the lowest in almost five years.
Buyout Funds Can't Spend $503 Billion as Venture Capital Deja Vu Looms Buyout funds sitting on half a
trillion dollars committed by investors may need more than a
decade to put the money to work if deals continue at the current
pace.
Japan's Machinery Orders Fall 3.7%; Business Spending Revival May Be Slow Japan’s machinery orders slipped
in January after the biggest jump since 2000, indicating a
subdued appetite among the nation’s companies to ramp up
capital spending even as manufacturing passed its worst.
Hedge-Fund Losses Show Drop in Euro Fails to Benefit All Currency Traders Hedge funds that trade currencies
are taking hits from politicians casting them as speculators out
to sink the euro and push Greece into insolvency. They are also
losing money.
Iraqi Leaders Maneuver Amid Signs No Party Will Win Majority in Election Iraq faces tough political
coalition-building as leaders maneuvered amid indications that
no party would win a majority when initial results from the
parliamentary election are announced.
U.S. Senate Set to Vote Today on Measure to Extend Unemployment Benefits The U.S. Senate is set to approve a
$138 billion plan that would extend unemployment benefits
through the end of this year after eight Republicans joined
Democrats yesterday to end efforts to block the plan.
Gates Sees Afghan War Gains, Risks as Fight Expands in Taliban Heartland Defense Secretary Robert Gates
ventured into the Afghan war zone yesterday, pinning awards for
bravery on U.S. troops and shaking hands with farmers selling
goods in a provincial market revived by security gains.
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