- (Bloomberg)The Federal Reserve is holding off on increasing monetary accommodation unless the U.S. economic expansion falters or prices rise at a rate slower than its 2 percent target. “A couple of members indicated that the initiation of additional stimulus could become necessary if the economy lost momentum or if inflation seemed likely to remain below” 2 percent, according to minutes of their March 13 meeting released today in Washington.
- (FT) The world’s largest producer of chocolate products has warned that there could be supply problems in the mid to long term.
- Carbon at new low: Data show a bigger than expected drop in the amount of pollution emitted by power plants and factories in the EU’s emissions trading system.
- U.S. factory orders rose 1.3% in February; January revised down to 1.1% drop.
- (Spiegel) Many German politicians and tax collectors are furious about Switzerland's decision to issue arrest warrants against three German officials who bought a stolen CD with tax data. The move has gone down well in Switzerland, where politicians have praised the country's assertiveness. But it is unclear how the Swiss authorities will proceed -- the main witness is dead.
- A dozen U.S. companies, GE and JNJ amongst them, have agreed to disclose more about their lobbying efforts in return for avoiding public showdowns at their annual meetings.
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