Latest Headlines: Greece Proudly Awaits Fate; News from China and Japan and Lots More

Early Bird Headlines 16 February 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

US

• GOP senator: ‘Lot of skepticism’ about Obama’s commitment to fight ISIS (The Hill)
  

Eurozone

• Eurozone economy grows as cheap oil takes hold (The Economic Times) Eurozone grew by 0.3% in 4Q 2014 and 0.9% for the whole year.
  

Greece

• Eyes of the world on Greece (Reuters) This week may be the one that determines whether Greece stays or leaves the Eurozone.
• Bank funding powers make Greece vulnerable to ECB pressure (Daily Mail)
• Greeks brim with pride as country totters on the edge (Reuters) Warned that the chaos and misery of national bankruptcy await if they don’t “submit” Greeks are proud to be defiant.
• Thousands attend anti-austerity march in Greece (Al Jazeera) Demonstrators show their support for the government in front of parliament a day before crucial talks in Brussels.
• Greece Leaving the Euro Would Be Disastrous: Jerram (Bloomberg)

Italy

• Italy’s Economy Fails to Rebound (Bloomberg Business) The longest recession in the country’s history continues.

Nigeria

• Nigeria’s election delay shows depths to which Goodluck Jonathan will sink (The Conversation)

Egypt

• Egypt bombs ISIL targets in Libya after mass beheadings (Al Jazeera) Air strikes carried out hours after armed group released video showing the killing of 21 Egyptian Christians.

Ukraine

• Both sides say Ukraine truce largely in force (Al Jazeera) Government forces and pro-Russia fighters accuse each other of some violations, but say ceasefire is generally holding.
  

Russia

• Putin Lets Russian Consumers Feel the Pain as Economy Succumbs (Bloomberg Business)
  

China

• China forex regulator sees volatile capital flows in 2015 (xinhuanet) Government official forsees “uncertainties“. Country is seeing “massive capital outflows“.
• China January FDI grows at strongest pace in four years (Reuters) This contrasts the “massive capital outflows” in the previous article.
• China’s Army: Lifting the Veil (The Economist) China has the world’s largest army but it has been crippled by massive corruption. Premier Xi Jinping is bringing the army to heel but can he make it behave responsibly?
• China’s military not ready ‘to fight and win future wars,’ new report says (CNN)
• Are the Chinese still getting bang for their investment buck? (China Spectator) There is concern about malinvestment in China, but return on investment remains 20% higher than the U.S.

Japan

• Japan exports seen up for fifth straight month in January (The Fiscal Times) This is one area where Abenomics seems to be working.
• Japan crawls out of recession, but GDP misses (CNBC) See also detailed discussion at GEI News.
  

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