Europe economy contracts in Q4; US production rises marginally

PUBLISHED ON: February 15, 2012 | Duration: 24 min, 34 sec

   
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In economy news, US factory production increased marginally in January by 0.7 per cent while Eurozone economy showed 0.3 per cent contraction in Q4, its first drop since 2009. In markets, fuel prices surged on the back of Iran supply cut to Europe. Meanwhile, World Bank president Robert Zoellick is set to step down post his five-year term on June 30. In corporate news, US based Kellogg is set to munch on Pringles chips from P&G at a whopping $2.7 bn.
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