Tuesday, March 10, 2009

Quick Overview

  • Citigroup said the company showed an $8.3 billion operating profit in the first two months of this year. Pandit said his bank is having the best quarter since 2007, when it last posted a profit.

  • U.S. wholesale sales fell 2.9% in January
    U.S. wholesale inventories fell 0.7%.

  • MoM U.K. industrial production fell 2.6% in January and 11.4% YoY.

  • China's consumer prices fell 1.6% in February.

  • YoY China’s exports fell 25.7%

  • China's February auto sales rose 25% -- after tax cuts

  • Brazil's economy shrank a larger-than-expected 3.6% QoQ

  • The USDA said 63% of the winter wheat crop in Texas and 43% in Oklahoma are rated poor to very poor.

  • The International Coffee Organization reduced its guess of 2008-2009 world coffee production from 133.4 to 127.8 million bags

  • (Reuters) - Iran lacks weapons-grade highly enriched uranium and has not yet made a decision on whether to produce any, U.S. intelligence officials told Congress on Tuesday.

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