China’s Exports Down 25%
China’s exports – critical to sustaining the country’s growth – fell by 25.7 percent in February from the previous year falling far short of projections of a slight increase in exports of 1.2 percent. This represents a dollar amount of $64.9 billion lost and reduces China’s trade balance surplus from $39.1 billion in January to $4.8 billion for February. More
Stock Futures Indicate Market Rally Could Continue
Despite caution still the prevailing mood on Wall Street, stock futures are up sharply this morning suggesting that yesterday’s rally could extend into today. More
UBS Posts $18 Billion Loss for 2008
In its annual report released today, UBS has added nearly $1 billion to the losses it reported earlier brining total losses for 2008 to $18 billion. The additional loses are blamed on costs associated with a US-based tax investigation and other write-downs. More
Norway Pension Fund Loses $92 Billion
Norway’s government announced today that a state-run pension fund lost 633 billion kroner ($92 B) for 2008. More
