Daily Highlights: 2.1.10
- Annual inflation rate in 16 countries that use the euro rose to an 11-month high of 1%.
- Asian stocks fall as China manufacturing reports spur tightening concerns.
- Australian borrowing for home- buying fell to a five-year low last month on higher lending rates.
- China’s manufacturing expanded at second-fastest pace since 2008 in Jan, helped by exports.
- China's stocks slide to four-month low on tightening concern.
- Dubai world silence on debt standstill evaporates bailout rally.
- Euro proving no reserve alternative as Central Banks lead shift in assets.
- European stock markets started February on a negative note following Friday's US decline.
- France's remaining 3G mobile frequencies will be auctioned off in mid-February.
- IMF's Strauss-Kahn expects global economy recovery will be fragile and asymmetrical.
- Obama's $3.8 trillion budget forecasts a $1.6 trillion deficit for 2010 before it drops.
- Oil trades below $73 after falling amid concern over pace of demand growth.
- Treasury's Geithner testifies before Senate on FY11 budget today.
- UK PM Brown: Economy still faces "tough" times.
- U.S. deflation no longer a risk says Fed's Bullard.
- AstraZeneca said it would continue cutting jobs by eliminating another 10,400 by 2014.
- Citigroup said to plan sale, split-off of $10B private-equity unit.
- CME Group a prime contender to buy a Dow Jones index unit: reports.
- Deadline for Sichuan Co. to buy GM's Hummer has been pushed back from end of Jan to the end of February.
- Garuda Indonesia plans $300M IPO this year for aircraft, expansion.
- Gazprom posts 33% rise in Q3 net at $5.75B helped by FX and lower taxes.
- Honda declines after biggest recall in seven years.
- Infineon swings to Q1 profit of $90.8M on higher demand, ups Y10 EPS guidance.
- JPMorgan may only buy non-US units of RBS Sempra: reports.
- News Corp. to pay $500M to settle a lawsuit with Valassis Comm over coupon marketing.
- Ryanair lifts guidance after losses narrowed to €10.9M.
- Siemens to cut 2,000 jobs in Germany on expectations of lower demand to continue.
- Toshiba's Q3 loss narrowed to $118.3M on higher chip prices. Revs up 6.1%.
Economic Calendar: Data on Personal Income & Spending, Construction Spending & ISM Index.
Earnings Calendar: ACV, APC, CCK, FSNM, HEW, HOLX, HUM, MDU, RCII, TUP.
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Data provided by Egan-Jones Ratings and Analytics
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