Front Page: Nations gather for summit to save the euro

8th December 2011

BRICS

Difficult year ahead for export companies

China's exports may slow further next year on weakening demand in developed economies and rising costs at home. China Daily

 

Russian Banks' core business buck market trends

Unrest in European financial markets cut the net results of Russian banks in 3Q 2011. Russia Today

 

FM says economy in difficult situation

Finance minister Pranab Mukherjee on Wednesday told the Lok Sabha that India's economy was in a "difficult situation" due to slowing growth, stubborn inflation and a widening fiscal deficit. Times of India

 

Government is considering releasing $ 90 billion to banks to revive the economy

Brasilia- after the stagnation of economic activity in the third quarter, the government is working to expand and lower the credit in the country. O Globo

 

Sterner competition law yet to come into force

Parliament passed the Competition Amendment Act more than two years ago, and the president signed it into law, yet there is still no word on its implementation. Business Day

 

Developed Markets

Nations gather for summit to save the euro

Europe is scrambling to forge a landmark pact aimed at deepening integration and quelling a debt crisis that has become a top threat to the global economy. Washington Post

 

MPC set to hold rates and quantitative easing 

Bank of England not expected to announce more measures to aid economy after rate meeting today, despite worse-than-expected manufacturing figures from October. The Telegraph

 

The Banque de France provides no growth in the fourth quarter

In a second estimate published Thursday, the Bank of France maintains its forecast of zero growth for the French economy in the fourth quarter. Lemonde

 

Frontier Markets

Global airlines bracing for heavy Europe crisis impact

Airlines worldwide face over $8bn in losses next year if Europe's politicians fail to get to grips with the region's debt crisis, the industry's leading trade group warned yesterday. Gulf Times

 

Traders favour exclusion from Syria sanctions, not financial compensation

Merchants are worried that Jordan may accept financial compensation for abiding by Arab economic sanctions against Syria, according to Jordan Chamber of Commerce (JCC) President Nael Kabariti. Jordan Business News

 

Union wants to lower the VAT for restaurants

Estonian Hotel and Restaurant Association (EHRA) a letter sent to the Finance Committee of the Riigikogu on the proposal to remove fringe benefit of catering services catering services and a reduction of nine per cent value added tax. Delfi Majandus

 

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