Front Page: Euro pact ‘enough’ to avert S&P downgrade

6th December 2011



EU-US recession threatens Asian economy

In the event that both the eurozone and the US economies contract sharply, the impact on emerging East Asia would be serious yet manageable, said the ADB's latest Asia Economic Monitor. China Daily


China, India to drive growth of global ad market

Buoyed by this growth the French advertising conglomerate, owner of agencies like Leo Burnett and Saatchi & Saatchi, is on course to triple its business in India over the next three years. Times of India


Fitch confirms Russia's BBB rating

The international rating agency Fitch Ratings has confirmed Russia's BBB rating. Voice of Russia


Petrobras gasoline imports up 400% in 2011, says director

Petrobras will end the year with imports averaging 45,000 liters of gasoline per day, compared to 9,000 liters per day imported in 2010, an increase of about 400%. Folha


IDC ‘must act for three African regional bodies'

South Africa's Industrial Development Corporation (IDC) should be made a "common tripartite institution" to accelerate large-scale industrial projects in 27 African countries. Business Day


Developed Markets


Euro pact 'enough' to avert S&P downgrade

The Franco-German plan to overhaul the EU treaty is enough response to ratings agency Standard and Poor's warning that eurozone nations faced possible credit downgrades, French Foreign Minister Alain Juppe said on Tuesday. The Local


Income inequality increasing across much of developed world, report says

OECD says disparity in wages is at highest level in three decades and governments must tame trend. Washington Post


IMF OKs tranche as troika arrives

The International Monetary Fund gave on Monday the green light for the release of the sixth tranche of loans to Greece and attention has now shifted to the talks set to begin today in Athens between IMF and eurozone representatives about the impact of the Greek bond haircut. Ekathimerini


Frontier Markets


Serbia's foreign debt increased to 23.86 billion euros

Serbia's foreign debt at the end of September stood at 23.86 billion euros, an increase of 1.03 billion compared to the previous month. Politika


Jordanian Economic and Social Council signs MoU with Greek counterpart

The Jordanian Economic and Social Council on Monday signed a memorandum of understanding (MoU) with its Greek counterpart to enhance bilateral cooperation and information exchange. Jordan Business News


Free trade 'weak' among Arab nations, says official

Free trade between Arab nations has remained low despite a number of bilateral agreements that have been signed. Zawya


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