- China raised reserve requirements for the second time this year to counter inflation and curb property-price gains.
- Silver futures climb to their highest level in about 31 years.
- Mexico buys another 6.1 mln bu US corn.
- Sugar may be in surplus next year Kingsman says
- Cotton dropped on expectations that next season’s harvest may run ahead of demand.
- (FT)Lisbon insists it has no need of a financial rescue, denying reports that the country is under pressure from other Eurozone governments to turn to the EU for assistance.
- Abbott (ABT) increased the dividend 9%.
- General Motors (GM) said it wanted to explore the potential to export vehicles manufactured in China, with South America and South Korea as initial target markets.
- The Chinese car market has experienced an explosion in demand with a record 13.7 million vehicles sold last year.
- Malaysia's GDP in 2010 grows 7.2%.
- Foreign investment in Russia fell 50% in 2010
- Farmland values in U.S. Midwest rose 12% in 2010
- The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”
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