Thursday, February 02, 2012

Quick Overview

  • The CME said it would create a $100 million fund to protect farmers and ranchers from losing their funds in the event of another collapse like that of MF Global. This fund, which will not be active until March, does not protect those customers affected by MF Global’s demise. It also will not cover hedge funds or other individual traders, who make up a large percentage of futures business. Some $1.2 billion in MF Global customer money are “very mysteriously” still missing. Someone with oversight has suggested “evaporation” as cause.

  • China's PMI, a preliminary readout of the country's manufacturing activity, rose to 50.5% in January of 2012, the highest level since October.

  • Oil giant Royal Dutch Shell reported profits of 28.6 billion US dollars for 2011, a jump of 54 % YoY.

  • Republicans Have More Orgasms, According to Sex Survey.

  • The industrial producer prices index fell by 0.2% in Eurozone nations in December as compared with November.

  • How to destroy your brand in 24 hours -- Susan G. Komen

  • The German unemployment rate fell to 6.7% from 6.8% in December, a record low since its unification 20 years ago.

  • India's economic growth has been revised down to 8.4 %t for 2010-11 fiscal year from the earlier estimate of 8.5%.

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