5 Things to Know Today: Has Greece Failed to Satisfy Eurozone Officials With Reform Plan?

Here are five things to keep an eye on today on Wall Street.
By TheStreet Staff ,

NEW YORK (TheStreet) -- A plan for reforms submitted by Greece last week in the hope of gaining much-needed funds from the eurozone is still lacking enough details to satisfy eurozone officials, the World Street Journal reports.

Japan's industrial output fell in February at the fastest pace in eight months, in a worrying sign that domestic demand may be weakening. The 3.4% month-on-month decline in February was much worse than expected at almost double the median estimate for a 1.8% fall.

The Dutch government said it would reconsider selling off ABN Amro, after executives gave up pay rises that were delaying an agreement on an IPO for the bank, which had to be rescued during the financial crisis. The managers said they would give up raises of 100,000 euros ($110,000) each, which sparked outrage among Dutch lawmakers.

Profits at luxury fashion firm Prada fell 28% last year, when sales in Asia and Europe declined. This prompted the Italian fashion house to implement cost-cutting measures.

The use of China's yuan to settle international payments fell two places to rank seventh in February, just as the country has pledged to liberalize its capital account to allow the currency, also known as the renminbi, to be used for investment more widely.

This article was written by a staff member of TheStreet.

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