Sunday, March 04, 2012

QUICK OVERVIEW

  • (AP) -- President Barack Obama said Sunday that United States will not hesitate to attack Iran with military force to prevent it from acquiring a nuclear weapon...


  • Only two (now 7) advertisers have cut ties with the "Rush Limbaugh Show" after he called an activist for women's contraception a "slut and prostitute"... advertisers who have not rejected Limbaugh include Carbonite, a  online computer backup system.


  • Pork production in China, the top soybean importer, will climb to 51.6 million metric tons this year, up 4.2 percent from a year earlier, as the government increased insurance incentives for farms, a U.S. Department of Agriculture unit said.

  • The USDA Thursday forecasted that U.S. framers will plant 94 million acres of corn. That would be up 2.3% YoY, and would be the most corn planted since 1944.




  • Canada's economy grew 2.5 % in 2011, down from 3.2 % YoY


  • Italy's debt rose to 120.1% of GDP last year from 118.7 % in 2010, the highest level since 1996.
  • The country's economy grew 0.4% last year compared to 1.8% the previous year


  • A further 112,269 Spaniards lost their jobs in February, the seventh consecutive month during which unemployment rose in Spain.


  • Japan's jobless rate rose to 4.6% in January.


  • Moody's downgraded Greece long term sovereign credit rating from "Ca" to "C" .


  • The iShares MSCI Peru Index (EPU) has given back to investors in 2012, outperforming gold and copper exchange traded funds.


  • Exchange traded funds that hold bullion are rivaling global central banks in their accumulated gold stores.


  • PIMCO Debuts First Actively Managed ETF (TXRT): the Bond fund is managed by Bill Gross and will invest in all sectors of the fixed income market.


  • (FT) US corporation tax rates hit 10-year low.

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