Business

Greece debt talks fail to reach full deal (AP)

AP – Greece’s crucial euro130 billion ($173 billion) bailout was in limbo Thursday, after political leaders failed to accept the entire batch of new austerity measures that are demanded by creditors but have fueled outrage in the recession-hit country.

Gulf carrier Etihad posts first profit of $14M (AP)

AP – Etihad Airways, the fast-growing Gulf carrier, on Thursday posted its first annual profit since starting operations just over eight years ago.

Credit Suisse slumps to Q4 loss (Reuters)

Reuters – Credit Suisse posted a surprise fourth-quarter net loss as its investment bank struggled and it took almost 1 billion Swiss francs ($1.1 billion) of charges as it slashes costs and risky assets to meet stiffer capital rules.

Euro, shares gain on Greek deal hopes (Reuters)

Reuters – European stock markets and the euro extended two months of gains on Thursday as Greece edged closer to a bailout deal and investors bet a brace of central bank meetings would offer further support for the move into riskier assets.

ECB to face Greece questions, hold rates (Reuters)

Reuters – All eyes will be on what the European Central Bank is willing to do to help Greece when it holds its monthly policy meeting on Thursday, with interest rates expected to stay on hold ahead of a major funding operation later this month.

Greek minister heads to Brussels with incomplete bailout deal (Reuters)

Reuters – Greek leaders failed on Thursday to agree on reforms and austerity measures, the price of a bailout to avoid a messy default, forcing Finance Minister Evangelos Venizelos to go to the country’s financial backers with an incomplete deal.

China inflation spike pricks policy easing expectations (Reuters)

Reuters – China’s annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.

Mortgage deal nears as holdout states join (Reuters)

Reuters – California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter.

Copper hits high for year on demand expectations (AP)

AP – Copper prices hit their highest level in five months Wednesday on expectations that demand may pick up after China announced a plan to stimulate private sector growth.

Fidelity money fund clients sour on SEC proposals (Reuters)

Reuters – Adding to the outcry against new rules for money-market funds, Fidelity Investments has warned regulators that more than half of its money-fund clients would move some or all of their assets out of the investments if the net asset value of the funds were allowed to fluctuate.