Archive - Feb 15, 2011 - Story
Suez Canal Traffic Disrupted After Ship Runs Aground, Weather Blamed, Unclear When Traffic Resumes
Submitted by Tyler Durden on 02/15/2011 07:26 -0500It's not quite snow. But it's close. Reuters reports that traffic in the Suez Canal has been disrupted since 8am GMT after a ship ran aground due to "engine failure in bad weather." There is no indication of foul play yet.
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 15/02/11
Submitted by RANSquawk Video on 02/15/2011 05:53 -0500RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 15/02/11
Chinese CPI comes in at whisper figures after cut to food weighting, while new loans come in at ¥1.2t as WestLB & Portuguese GDP weigh on euro 13F Monday
Submitted by naufalsanaullah on 02/15/2011 02:56 -0500Eurozone and Portugal GDP both miss by 10bps QoQ (0.1% vs 0.0% and 1.2% vs 1.3%, respectively), leading to a bit of euro weakness that was extended after WestLB announced failure to reach a restructuring agreement, causing fears of senior bondholder impairment to rise.
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