Magnitude 5.7 quake rattles southern Mexico

WASHINGTON Tue Feb 9, 2010 1:03am GMT

WASHINGTON Feb 8 (Reuters) - A magnitude 5.7 earthquake struck Oaxaca, Mexico, on Monday, according to the U.S. Geological Survey.

The epicenter of the quake was located 14 miles (23 km)southeast of the town of Miahuatlan in Oaxaca, Mexico. The USGS initially reported it as a 5.9 magnitude quake. Quakes of magnitude 5 and above are considered moderate and capable of causing considerable damage.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.