Front Page: Germany says eurobonds no ‘cure’ for debt crisis

22nd November 2011


Weaker rupee adds to policy headache

Following Monday's fall, the Indian currency has declined more than Rs 7 against the dollar since August 1. Times of India

Russian companies unaffected by US sanctions against Iran

Russian companies have been unaffected by the new sanctions that the United States has slapped on Iran. Voice of Russia

Technology gives feminine touch to gold mining in Brazil

With greater safety in the operation of the ore, women are the majority in various sectors of the productive chain. O Globo

Reserve Bank sentiment indicator dips

The South African central bank's monthly economic indicator nudged lower in September. Business Day

Banks' yuan positions declined in October

Chinese banks' yuan positions for foreign exchange purchases fell for the first time in four years last month. China Daily


Developed Markets

Germany says eurobonds no 'cure' for debt crisis

The idea of introducing so-called "eurobonds" across the 17-nation eurozone should not be considered a miracle remedy for its debt crisis, German Chancellor Angela Merkel's spokesman said on Monday. The Local

Buffett's Japan view unchanged by disasters, Olympus scandal

U.S. billionaire investor Warren Buffett said Monday that neither the March 11 earthquake and tsunami nor the corporate scandal that has engulfed Olympus have changed his view on investing in Japan. Japan Today

Leaders of ‘supercommittee' concede defeat

President Obama warns that he would veto any attempt to undo spending cuts triggered by the debt panel's failure to reach a deal. The Washington Post


Frontier Markets

China grants Jordan $10.7m in financial, technical aid

Jordan and China on Monday signed two economic cooperation agreements, under which Beijing will offer financial and technical assistance to the Kingdom worth $10.7 million. Jordan Times

Second phase of Pearl GTL to go on stream by mid-2012

Shell, which is jointly developing the world-scale Pearl GTL project in Ras Laffan with Qatar, expects the second phase to go on stream by the middle of next year. Gulf Times

Public procurement going green for 2012

Government launches Green Public Procurement action plan for 2012 to set example for private sector for a greener economy. Malta Today

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