News: 2014-03-03

News links for 3 Mar 2014


Economic data

Markit Eurozone Manufacturing PMI – final data

Final Eurozone Manufacturing PMI at 53.2 in February ( January: 54.0 )

China’s services, manufacturing sectors diverge in February | Reuters

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China HSBC manufacturing PMI hits seven-month low in February | Reuters

China PMI Falls to 50.2 in Latest Sign of Slowdown –

Pending home sales edge up in January | Reuters



Some Perspective on Russian Intervention in the Ukraine

The Conflict in Ukraine: More Complex Than You Might Think – Glenn Kates – The Atlantic

How Moscow Orchestrated Events in Crimea –

BBC News – Russian rouble hits new low against the dollar and euro

John McCain Says We Are All Ukrainians, Takes On Putin |

“In response to reports of a Russian takeover in parts of Crimea, Arizona Senator John McCain said on Friday, “We are all Ukrainians,” before calling for swift U.S. economic aid to Ukraine, condemnation of Russia at the United Nations, sanctions against Russian officials and the installation of U.S. missiles in the nearby Czech Republic.”

Putin cooks up Obama’s chicken Kiev moment –

“There is no US military solution to the crisis.”

Obama warns Putin against Ukraine intervention –

Gas Stores Seen Cushioning EU From Ukraine Supply Risk – Bloomberg

Ukraine-Krise: Putin sprach mit Merkel über möglichen Militäreinsatz auf Krim «

Merkel says she wants to give diplomacy a chance in Ukraine. She has an open dialogue with Putin

Russian Troops Encircle Ukrainian Base in Crimea –

Ukraine withdraws coastguards from Crimea | Reuters

Prime Minister: Ukraine on Brink of Disaster –

NATO Chief Says Russia Must Stop Military Activities in Ukraine –

Moscow keeps ex-Soviet states firmly in line | The Japan Times

“In 1993, long before Putin’s rise to power, Foreign Minister Andrei Kozyrev said that Russia reserved the right to intervene in the former Soviet republics. Since then there have been adventures in Moldova, Georgia in 2008 — and now, it appears, Ukraine. Russia has not only exerted its influence through its military might but through political and economic power as well.”

Pierre Omidyar co-funded Ukraine revolution groups with US government, documents show


Emerging markets

BBC News – India’s economy grows slower than expected

China Steps Up Effort to Weaken Yuan –

China bets on South American grain demand –

“Two-thirds of the world’s international soyabean trade is already shipped to China, while analysts expect the country’s corn imports will treble in the next decade as rising incomes spur demand for meat and the feed grains used to fatten chickens and livestock. “

China Separatists Stab 29 to Death at Train Station, Xinhua Says


North America

Sober Look: International banks under pressure

Macro and Other Market Musings: What Could the Fed Have Done Differently in 2008?

Robert Skidelsky revisits the Luddites’ claim that automation depresses real wages. – Project Syndicate

Related Posts
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Fed’s Stein: Rapid Growth of Fixed-Income Funds Bears Watching –


EU-U.S. trade talks face growing hostility, ministers warn | Reuters

Popular sentiment is hardening against free trade –

Home ownership in Greece ‘a sick joke’ as property market collapses | World news | The Guardian

Moody’s raises German outlook to ‘stable’ – Telegraph

Yanis Varoufakis: What You Should Know About Greece’s Present State of Affairs – An Update | naked capitalism | December retail sales resume drop in Dec, down 40 pct since 2009



Abenomics struggles to deliver Japan public works boom | Reuters



Exclusive: North Dakota January oil output flat as winter chills drilling – data | Reuters

U.S. retailers’ results drive up discretionary profit estimates | Reuters

Berkshire Profit Rises 9.6% to $4.99 Billion on Insurance – Bloomberg

Buffett Sets Fresh Goal as Berkshire Misses Five-Year Target – Bloomberg

Gold-Fix Study Points to Decade of Bank Manipulation



In Search of a Stable Electronic Currency –

Britain to scrap Bitcoin tax –

European Banking Regulator to Review Virtual Currency Risks – Bloomberg

Bitcoin Startup Coinbase Surges Past 1M Consumer Wallets In The Post-Mt.Gox Era | TechCrunch


Media and Technology

Oscars 2014: Complete List of Winners

Apple to Bring iPhone Software to Cars – Digits – WSJ

Why Microsoft should just pack it in and buy Red Hat — Tech News and Analysis

Traders turn to Twitter for market news. Now they can measure mood, too — Tech News and Analysis

Best Buy To Layoff About 2,000 Managers Amid Poor Holiday Sales | TechCrunch

Why did Samsung play it safe with the Galaxy S5’s processor?

Hands-on with Samsung’s vastly improved Tizen OS

How To Root Nokia X, Install Play Store & Google Now Launcher

Nokia X rooted, Google Apps installed to make it more useful



End of the Ride for Lance Armstrong –

Higher Risk of Mental Illness for Those With Older Fathers — PsyBlog

Why Breastfed Babies Are So Smart — PsyBlog

Anger of non-parents ‘forced to work longer hours’ – Telegraph


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