Finally Greece Announces Successful Completion Of Debt Swap Deal, Greek Finance Ministry Said of The EUR 177 Billion of Bonds Issued

Greece Announces Successful Completion Of Debt Swap Deal, Greece successfully completed the debt swap agreement with 85.8 percent of its private bond holders voluntarily signing up to take part in the deal, clearing the way for the troubled euro member to secure international funds to avert a disorderly default. Latest statement from Greek Finance Ministry said of the EUR 177 billion of bonds issued, which are governed by Greek law, the Republic has received tenders for exchange and consents for holders of approximately EUR 152 billion face amount of bonds. What a huge size of money

Bad economic data comes up, latest data from U.K. Industrial Output Drops; Factory Gate Inflation Accelerates, British industrial activity unexpectedly declined in January denting hopes of a recovery in the first quarter. Adding to concerns, producer price inflation accelerated in February on higher oil prices.

Meanwhile, India Central Bank Cuts Reserve Ratio, India's central bank slashed the cash reserve ratio in a surprise move on Friday, just days ahead of the policy meeting.

Latest data from U.S. Economy Adds 227,000 Jobs In February, More Than Expected, The U.S. economy added more jobs than expected in February, though the increase was not enough to bring down the unemployment rate, according to figures released Friday by the Labor Department. The economy added a net of 227,000 jobs in February, with a gain of 233,000 jobs in the private sector offsetting losses in public sector employment. Furthermore the January spike in job creation was revised up to 284,000 from the 243,000 initially reported, while December's figures were revised up, this will be the turning point of economic growth process in U.S.

From U.S. Commerce Department we reported that U.S. Trade Deficit Unexpectedly Widens In January, With the value of imports increasing at a faster rate than the value of exports, the Commerce Department released a report on Friday morning showing that the U.S. trade deficit unexpectedly widened in the month of January.