Front Page: Osborne to miss deficit target as UK economy stalls

17th November 2011

BRICS

Brazil to order 700 planes in the next 20 years, Airbus predicts

Brazil is expected to order 701 new aircrafts by 2030, according to projections from European manufacturer Airbus. Folha

Car industry investors to be compensated for possible WTO-related losses

Meeting WTO standards may come as a heavy burden to some industries, but the Russian government is ready to help deal with it to provide a smooth transition. Russia Today

New energy exports face trade barriers

BEIJING – Exports of new energy and energy-saving products will be targeted by trade barriers in developed countries, led by the United States, a commerce official warned. China Daily

Retail sales surge signals recovery gaining pace

rowth in retail sales surged unexpectedly in September, signalling that SA's economic recovery was gathering momentum and quashing lingering expectations that interest rates could fall again. Business Day

Food inflation at 10.63% for week ended Nov 5

NEW DELHI: Food inflation eased to 10.63 per cent for the week ended November 5 even as prices of agricultural items, barring onions and wheat, continued to rise on an annual basis. Times of India

 

Developed Markets

 

As New Graduates Return to Nest, Economy Also Feels the Pain

Young Americans who can afford to move out have decided to wait until getting on more solid footing, and their prudence is depriving the economy of a lot of potential activity. New York Times

Eurozone drama trumps positive economic data on markets

The European sovereign debt crisis cast a shadow over positive economic news in both Canada and the U.S. on Wednesday, including Enbridge's announcement that it was buying ConocoPhillips' stake in the Seaway pipeline. Canada.com

Osborne to miss deficit target as UK economy stalls

Eurozone crisis hits home as Bank of England cuts growth forecasts and makes grim predictions of a weak recovery. The Guardian

 

Frontier Markets

 

Uncertain market

Uncertainties in the Colombo Bourse continued further as benchmark indices skidded down to the negative territory. Daily Mirror

Turkey looking to boost LNG ties with Qatar; SMEs in focus

Turkey, which is fully supportive of Arab Spring, yesterday said it was seeking to enhance economic ties with the Arab world in general and Qatar in particular for investments and liquefied natural gas (LNG). Gulf Times

Labour MPs say budget is ‘too optimistic'

Labour spokesperson for the economy and finance Karmenu Vella said the budget had not lived up to expectations and barely addressed fiscal consolidation, saying the trend of increasing debt was still continuing.  Malta Today

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