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Both output and new orders decline for the first time since July 2013 Payroll numbers are cut at fastest rate since March 2009 Solid reduction of output charges Chinese manufacturers signalled reductions of both output and new business in February, leading to a moderate deterioration of overall operating con ditions. As a result, firms cut their staffing levels again in February and at the quickest pace in nearly five years
View article: Kerry Heads to Ukraine; McCain Proposes U.S. Missiles in Czech Republic
More: Tighter Capital Controls in Ukraine, Transaction Limit About $100; New Head of Ukraine’s Navy Defects After 1 Day
The New York Times reports Ukraine Forces Are Ill Equipped to Take Crimea Back From Russia Crimea has always been a vital base for the Soviet and then Russian Navy, serving as the headquarters of the Black Sea Fleet, which has controlled the waters off southern Russia since 1783. After a period of tension following Ukraine’s independence when the Soviet Union collapsed in 1991, Russia got to keep its base in Crimea on a lease, extended until at least 2042 by the now-ousted president, Viktor F. Yanukovych
More: Russian Troops Seize Crimea; UN Security Council Meets; Russian Flag Raised in Kharkiv
Link: Eurozone in Deflation; Monetarist Mouthpieces Will Scream
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View the original here: Ukraine Hryvnia Down 17% in Two Weeks as Run on Banks Intensifies; 7% of Bank Deposits…