Front Page: Crisis-proof dollar a high risk

2nd December 2011



Russia's entry to WTO will benefit all

An agreement has been reached that Russia will become a member of the World Trade Organization – approximately, from July 15, 2012. Voice of Russia


PMI drop indicates further slowdown

China's manufacturing sector shrank in November for the first time in nearly three years, a fresh sign of a further economic slowdown. China Daily


'Growth to moderate to 7.5% in 2011-12'

Pranab Mukherjee on Friday said economic growth will moderate to about 7.5 per cent in the current fiscal, lower than the earlier projection of 9 per cent. Times of India


SA ‘could become top business process outsourcing centre'

Full Circle CEO says South Africa can take advantage of Europe's economic climate to become a top destination for business process outsourcing, including call centres. Business Day


Increase in life expectancy reduces the pension

There will be an average reduction of 0.42% in the value of the benefit of the employee to retire from this Thursday, survey shows. Folha


Developed Markets


Bank of England warns lenders could ask taxpayers for more cash

Banks have been ordered to slash bonuses to staff and payments to shareholders to get their houses in order as a second credit crunch bears down on the country. The Telegraph


Euro could collapse in 'three to six months'

The euro will collapse in the next three to six months if nothing dramatic is undertaken to save it, according to a leading German economist, who has called for fast and decisive action. The Local


Crisis-proof dollar a high risk

THE robust Australia dollar is hurting vital non-mining economic sectors and the pain will be much greater in a eurozone meltdown. The Australian


Frontier Markets


CBK raises interest rate again to 18pc

More pain is in store for borrowers after the Central Bank of Kenya on Thursday announced yet another increase in its indicative lending rate. Daily Nation


Barnier stresses need for common support of Tobin tax

European Commissioner ‘understands' Maltese opposition to tax on financial transactions but says member states must walk together to restore eurozone and European economy. Malta Today


Firms get advice on inflation response

The Australian Chamber of Commerce in Vietnam in Hanoi will co-host a business briefing next week on ways for companies to respond to high inflation in Vietnam. Than Nien


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