- Greece faces a cash squeeze as it needs to start paying back part of an International Monetary Fund (IMF) loan on Friday and it has no access to money, the Wall Street Journal reports. The Greek government wants to enter renegotiations of its bailout conditions that will take months and it will not get any eurozone or IMF cash before they are completed. But it needs to pay a first tranche of 300 million euros ($336 million) to the IMF on Friday. The FT reports that Greece is in talks regarding a new 50 billion euros bailout.
- British bank Barclays (BCS) posted an annual loss as it had to set aside another 750 million pounds ($1.15 billion) in provisions in the fourth quarter of 2014 to cover the costs of investigations into suspected manipulation of foreign exchange markets.
- Annual profit at commodities conglomerate Glencore (GLNCY), whose main listing is on the London Stock Exchange, dropped but exceeded expectations. The company's profit fell by 7% when calculated as if it had owned Xtrata, which it bought in May 2013, the whole of that year. Net income excluding one-time items was $4.3 billion for last year, vs. expectations of $4.04 billion.
- German retail sales blew past expectations in January, jumping by 2.9% in the month vs. forecasts of a drop of 0.3%. The data is volatile but it comes after a strong series of other positive indicators, such as consumer confidence last week, to show that the eurozone's largest economy is powering ahead.
- Australia's central bank surprised markets by holding its interest rate unchanged at a record low 2.25%, defying expectations and bucking the trend elsewhere in the world. "The Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being," RBA Governor Glenn Stevens said after the bank's monthly policy meeting.
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