U.S. EconomyReuters - Deutsche Post DHL (DPWGn.DE) unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.
U.S. Economy
China says committed to U.S. debt, wary on gold (Reuters)
Reuters - China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
EU, ECB lock horns over IMF-style rescue fund (Reuters)
Reuters - European policymakers came out in support of a rescue fund that would mark a new phase of economic cooperation within the 16-nation euro zone, setting them on a potential collision course with its central bank.
Jobs outlook may be too optimistic: SF Fed study (Reuters)
Reuters - The widely held outlook that U.S. unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster-than-usual levels, economists from the San Francisco Federal Reserve Bank said in a study released on Monday.
Some American Jews sit out recession in Israel (Reuters)
Reuters - Fed up with the tough job market, some young American Jews are choosing to wait out the recession in Israel, where the government heavily subsidizes their stay while they intern, learn Hebrew or volunteer.
New York Fed says to expand firms for reverse repos (Reuters)
Reuters - The U.S. Federal Reserve is taking an additional measure to lay the groundwork to drain excess bank reserves, as it seeks to remove some of the $1 trillion in cash it injected during the global credit crisis.
Iceland seeks swift new Anglo-Dutch debt accord (Reuters)
Reuters - Iceland's government pledged on Sunday to restart talks and swiftly reach a new debt accord with Britain and Netherlands, a day after Icelanders crushed in a referendum the previous $5 billion "Icesave" deal.
Haiti rebuilding plan expected this week (Reuters)
Reuters - Government planners and international experts are racing to produce a blueprint this week to reconstruct Haiti's economy after the earthquake that killed up to 300,000 people and devastated its infrastructure.
Senators wrestle with Fed bank oversight issues (Reuters)
Reuters - The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
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