From US ECONOMY 2:45pm

US home sales reach post-2008 high

An Exit Realty Consultants 'for sale' sign is displayed in front of a house in Stockton California, US ©David Paul Morris/Bloomberg

Prices and consumer confidence also pick up steam

From US ECONOMY 3:02pm

Bernanke plays down easing concerns

Senate testimony suggests Fed will not cut QE3 short

From WORLD 3:48pm

South African economy stays sluggish

S Africa’s shows growth below some African peers

Global Market Overview 4:28pm

Italian impasse rekindles eurozone jitters

Wall St firm after strong housing data and Bernanke testimony

From WORLD 4:27pm

ECB’s market backstop faces Italy test

Politicians likely to reject conditions that accompany help

Gavyn Davies

Five Stars movement's leader Beppe Grillo ©AFP

Italian voters shatter some of the comfortable eurozone assumptions

Gideon Rachman

Ingram Pinn

West complacent over why nations fail. Politics is too often captive to procedures

From COMPANIES 9:13am

China to tighten shadow banking rules

Lenders will be asked to increase disclosure on certain products

From UK ECONOMY 1:24pm

BoE’s Tucker hints at further QE moves

Deputy governor’s remarks put pressure on sterling

A customer waits as an attendant refuels his motorcycle at a PT Pertamina gas station in Jakarta, Indonesia ©Bloomberg From WORLD 10:33am

Fuel subsidy weighs on Indonesia

A tenth of budget spent on holding down petrol price

From MARKETS 8:04pm

US oil imports from Middle East increase

Demand rose last year despite shale gas revolution

Activists holds signs during a protest in front of the Hale Boggs Federal Building on the first day of the trial over the Deep Water Horizon oil rig spill on February 25, 2013 in New Orleans, Louisiana. 11 men were killed during the accident and over 4 million barrels of oil spilled into the Gulf of Mexico in 2010. ©Getty From COMPANIES 8:29pm

US seeks maximum fine in BP spill trial

Oil group accused of ‘wilful misconduct’

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FEB 26 DATA

Country Data Estimate Actual
US Case-Shiller home price index 6.6% 6.8%
New home sales, MoM 3.0% 15.6%
Consumer confidence 62.0 69.6
Brazil Unemployment 5.2% 5.4%
S Africa GDP, QoQ 1.7% 2.1%

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