EU ECONOMY 3:40pm

ECB cuts eurozone growth forecasts

Mario Draghi, President of the European Central Bank (ECB) addresses the media during a press conference ©AFP

Central bank also predicts further inflation rate falls

From MARKETS 12:34pm

China moves to make its markets credible

Country aims to be included in major international stock indices

From COMPANIES 12:19pm

Rift over forcing banks to deal with losses

IASB proposals fail to bridge regulatory disagreement with US

Job seekers fill out registration forms From WORLD 5:43pm

Jobs start to go as US sequestration cuts in

Across-the-board budget reductions claim early victim

From MARKETS 3:35pm

Eurozone remains split on Cyprus rescue

‘Bail-in’ could reinforce two-tier banking system in eurozone

From COMPANIES 12:57am

Holder says some banks are ‘too large’

Suspicion among lawmakers who believe some are ‘too big to jail’

March 7 data

Country Data Estimate Actual
Japan Leading indicator 96.1 96.3
UK Interest rates 0.5% 0.5%
Eurozone Interest rates 0.75% 0.75%
France Unemployment Q4 10.5% 10.6%
Germany Industrial production MoM 0.4% -1.9%
US Initial claims 355,000 340,000
Brazil Industrial production 1.6%

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