Front Page: Papandreou wins backing for referendum

2nd November 2011



Sensex in green as world markets tumble

MUMBAI: A benchmark index for Indian equities markets on Wednesday crept up into the green, moving up after a weak start even as major Asian bourses fell over Greece's announcement of a referendum on a bailout deal agreed with European Union leaders last week. Times of India


Alliance to boost brands in international markets

Dozens of leading private domestic companies have formed a business alliance to help promote top Chinese brands on the global market. China Daily


Russian money pouring out as foreign assets shine

The Central Bank of Russia (CBR) expects $70 billion net private capital outflow from the country in 2011, against an earlier projected $36 billion. Russia Today


Norway and Sweden Work Together in Brazil

The governments of both Sweden and Norway have expressed a growing focus in strengthening ties with Brazil, hoping to evolve collaboration strategies in areas including trade and investment, environmental issues, social development and knowledge exchange. Rio Times


Voluntary work ‘worth R7.5bn to economy

New survey shows volunteer work by South Africans makes a significant contribution to the economy. Business Day


Developed Markets

The Schäuble calls on Greece to decide "about the direction he wants to get"

The German Finance Minister Wolfgang Schaeuble urges Greece to lift its doubts "as soon as possible for the direction he wants to take" after the announcement of a referendum on a European plan to support the country. Express


RBA cuts rates to aid economy

THE Reserve Bank has acted to soften a slowdown in Australia's economic growth before any further turmoil in Europe.  The Australian


Papandreou wins backing for referendum

Greek PM summoned as cabinet backs vote plan. Financial Times


Frontier Markets


CBK raises benchmark lending rate to 16.5pc

Kenyans should brace themselves for higher interest rate following Central Bank's decision to surprise the market with a 5.5 percentage point hike on its benchmark rate. Daily Nation


HSBC Premier adds new perks and privileges

HSBC Bank Malta p.l.c. has just added five new exclusive offers to the HSBC Premier Privileges programme. Malta Today


Lacklustre market

The Colombo Stock market experienced yet another lackluster day with weak investor sentiment. Daily Mirror


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