Economy
China's Trade Surplus Narrows as 45% Import Surge Fuels Global Recovery China’s trade surplus shrank to the
lowest level in a year in February as a surge in imports
signaled the nation may start to outshine the U.S. as a
destination for the world’s goods.
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.
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.
Australian Economy Will Grow Faster Than Average, Reserve Bank's Lowe Says Australia’s economy is likely to
expand at or above its average pace over the next few years,
stoking inflation pressures and house prices, central bank
official Philip Lowe said.
China's Accelerating Inflation May Spur Zhou to Raise Rates 'Within Weeks' China’s inflation accelerated in
February, according to a survey of economists, and exports
climbed in the month, increasing the likelihood of the central
bank raising interest rates from a five-year low.
Bank of Japan's Suda Says Risks for Japan Economy Becoming More Balanced Bank of Japan board member Miyako
Suda said upside and downside risks for growth are almost
balanced, sticking with the bank’s view that the economy will
continue to expand gradually.
New Zealand Has Little Scope for Rate Increase as Consumer Spending Slows New Zealand’s central bank has
little scope to raise borrowing costs before June as rising
unemployment curbs consumer spending and housing demand,
according to economists.
Taiwan Seeks to Drain Excess Cash From Financial System, Cool Asset Prices Taiwan’s central bank is using
open-market operations to drain excess cash from the nation’s
financial system, a bank official said, as policy makers seek to
avoid excess liquidity fueling asset prices.
Bank of Korea's Lee, Under Pressure at Final Meeting, May Keep Rate at 2% Bank of Korea Governor Lee Seong
Tae will probably keep interest rates unchanged at his final
meeting as he faces “intense” political pressure to spur
investment and cut unemployment.
Philippines May Keep Benchmark Rate at 4%, Unwind More Stimulus Measures The Philippine central bank will
probably keep borrowing costs at a record low to support the
economy’s recovery even as it prepares to pull back more
stimulus measures.
Derivatives Regulation Urged by EU, Merkel as Greece Takes Plea to Obama The European Union’s top regulatory
official said the bloc will consider banning “purely
speculative” credit-default swaps as German Chancellor Angela
Merkel called for a crackdown on derivatives trading to prevent
a rerun of the Greek financial crisis.
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 May Lose Supervision of Small State Banks to FDIC, Senator Reed Says The Federal Reserve, which is urging
Congress to let it keep its bank supervising role, may lose
oversight of smaller state banks to the Federal Deposit
Insurance Corp., Democratic Senator Jack Reed said.
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