Monday, January 26, 2009

Quick Overview

  • U.S. existing home sales were at an annual rate of 4.74 million units, up 6.5% MoM, stronger than expected

  • U.S. leading indicators rose 0.3% in December, stronger than expected.

  • Iceland's government collapsed, days after its prime minister called for early elections amid popular anger over a financial crisis that has gutted the economy.

  • Pfizer agreed to pay $68 billion to acquire Wyeth in the largest pharmaceutical deal in a decade.

  • China-Japan November's container trade down 15%

  • Argentina's president declared an agricultural emergency Monday in the nation's breadbasket provinces, responding to a key demand by powerful farm organizations amid the worst drought in decades... In some areas, officials say it is the worst drought since the 1930s. Winds across the pampas are whipping up once-fertile soil that has turned to sand.
    Weather forecasts for Argentina are for a continuation of the hot and dry pattern.

  • Australia’s sentiment index rose 10 points to minus 20 from November.

  • Ex Lehman Brothers chief Dick Fuld has sold his 13m £9.3m Florida mansion to his wife for $100.

  • Citibank has new Taxpayer funding so they decide they need a new corporate jet to replace their old one.

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