From Reuters Font Page today – European shares rebound; ECB dismisses bank appeal over heath-check deadline; Greece set for bond return.
Volvo has put partnership with Russian tank maker Uralvagonzavod on hold because of Ukraine crisis
Greece to raise 2.5 billion euro from 5-year bond on Thursday – Reuters Καλώς ήρθατε και πάλι
As a philosophy major, I loved this: “Reality hasn’t changed. It’s the way of recording the reality” – stat man on UK savings ratio doubling
LONDON (Reuters) – Veteran blues guitarist and singer Robert Cray has set off on a new U.S. and European tour with an album harking back to the early days of soul music, the kind that filled his ears as a youngster.
“In My Soul” – a title that sums up what is to come – is imbued with mellifluous rhythm and blues redolent of the kind of tunes that came from the Chess and Stax record labels in the 1950s, ’60s and early ’70s.
LONDON (Reuters) – Take your pick of the most important economic event of the coming week – forward-looking global activity data, interest rate decisions in Europe or a spot-check on U.S. jobs after a month of particularly bad weather.
Given that the payrolls data – usually the premier data event at the start of any month – is likely to be skewed by blizzards, best start with the global picture.
A second look at fourth-quarter economic growth figures for Britain confirmed that recovery is under way. The quarter-on-quarter rate was 0.7 percent, unchanged from a preliminary estimate. Year-on-year was knocked down slightly.
But no matter the improvement over the past few quarters, Britain’s recent renaissance is pretty slow and still a long way off actual recovery. Consider the graphs below. The top one illustrates how large the dip has been since 2008 versus recession from 1955. The second illustrates how the current 28 and counting quarters of economic slide and crawl back compare with, say, 12 after 1973 or 11 after 1990.