U.S.-Mexico trade war over tomatoes appears to have been averted

Written by Ricardo Lopez, Published on Los Angeles Times

The draft of a new agreement governing the price of tomato imports from Mexico sets a minimum wholesale price for tomatoes.

China Services Industries Expand as Retailing Improves: Economy

Written by Zheng Lifei and Daryl Loo, Published on Bloomberg

China’s services industries grew at the fastest pace since August as gains in retailing and construction aid government efforts to drive a recovery in the world’s second-biggest economy.

Yen steadies off 2 1/2-year low, but seen fragile

Written by Hideyuki Sano and Ian Chua, Published on Reuters

The yen steadied slightly off a 2 1/2-year low against the dollar on Monday as option-related buying prompted short-term players to refrain from testing the Japanese currency’s downside for now.

No Bear Market for Treasuries After Worst Start Since 2009

Written by Liz Capo McCormick and Daniel Kruger, Published on SF Gate

Even after the worst start for Treasuries since 2009, derivatives traders are signaling there’s little chance of a bear market in bonds for the next three years as Federal Reserve Chairman Ben S. Bernanke fights unemployment.

JAL Posts Lower Net, Higher Forecast

Written by YOSHIO TAKAHASHI, Published on WSJ

Japan Airlines Co. 9201.TO +1.19% said its net profit was down 3.7% in the April-December period as overall demand was hurt by a slowdown in overseas economies and China routes suffered from a territorial spat between Tokyo and Beijing.