Front Page: Eurozone countries sign-up to closer ties

9th December 2011

BRICS

China's Nov CPI up 4.2%, PPI up 2.7%

China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November. China Daily

 

Bashneft net profit jumps by over 50% in 9M 2011

Russian oil producer Bashneft has seen a 52,7% rise in net profit for the first nine months of the year after boosts in exports and oil prices. Russia today

 

Govt lowers GDP growth forecast to 7.5%

Citing global and domestic reasons, the government today lowered the GDP forecast for the current fiscal to 7.5 % from 9 %, but exuded confidence of a revival in the next year. Times of India

 

Household spending drives up demand

SA. Household spending helped to drive an increase in domestic demand in the third quarter of this year, suggesting the economy is in relatively good shape despite sluggish growth during the period. Business Day

 

Official inflation slows, but still exceeds target by one year

Food prices continued to rise at a slower pace. Jornal Do Brasil

 

Developed Markets

Eurozone countries sign-up to closer ties

UK vetoes historic agreement to forge closer links. Financial Times

 

Japan GDP growth lowered to 5.6% in third quarter

Japan's key economic growth figure was revised down to an annualized 5.6% in the July-September quarter from 6.0% announced previously, data showed Friday. Japan Today

 

Stocks close down 1.8 pct

Australian shares ended with sharp losses, after the European Central Bank dashed hopes for more bond buying and amid mixed signals from a key European Union summit. The Australian

 

Frontier Markets

Mideast aluminium smelting set to fill global demand gap

Aluminum from the Middle East, where output capacity will double by 2015 powered by cheaper energy, will feed growing long-term demand as smelters elsewhere fall by the wayside. Gulf Times

 

New fund to boost about 15 Jordanian SMEs

Amidst a slowdown in the Middle East's private equity industry, Jordan's small and medium-sized enterprises (SMEs) are set to get a boost from a new private equity fund. Jordan Business News

 

Int'l donors announce $7.4 bln aids to Vietnam in 2012

International donors promised to grant Vietnam nearly US$7.4 billion of official development assistance next year. Thanh Nien

 

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