Mindful Money’s news round-up: Wednesday 17th August 2011

17th August 2011

Story of the day:

From the New York Times, in a stumbling economy, stocks languish in a skittish funk and real estate remains depressed. But technology patents look downright bubbly.

A Bull Market in Tech Patents

And the best of the rest:

France and Germany have set out plans to create the first "true European economic government" headed by a single appointed leader, as part of major moves to synchronise tax and spending to save the failing eurozone, reports the Guardian.

Sarkozy and Merkel call for 'true economic government' to save eurozone

In the Telegraph, the German economy slowed drastically over the early summer and may be on the cusp of a double-dip recession, dashing hopes that Europe's industrial engine would eventually lift EMU's southern bloc out of slump.

EMU crisis deepens as slump reaches Europe's AAA core

From the Financial Times, the Swiss National Bank on Wednesday reinforced its efforts to bring down the value of the surging Swiss franc as the momentum from its actions last week appeared to be petering out.

SNB boosts steps to check franc's rise

The Independent is discussing the UK, official jobs figures are today expected to show the rate at which unemployment in the UK is falling slowed in the three months to June.

Figures show fall in jobless rate is slowing

The Bank of England's monetary policy committee became more dovish in August as evidence grew that global growth was cooling. The committee voted unanimously to keep interest rates at 0.5 per cent, whereas in previous meetings two members had voted for an increase in interest rates, according to the Financial Times.

Rate-setters dovish amid signs of slowdown

Also from the Independent, David Cameron today announced a second wave of enterprise zones designed to kick-start Britain's economy. The Prime Minister said the sites, which benefit from tax breaks and high-speed internet links, would be "trailblazers" for prosperity throughout the country.

Second wave of enterprise zones names

The BBC News is discussing brewer SABMiller has announced plans to make a second bid to take over Foster's Group, Australia's biggest brewer, this time direct to shareholders.

SABMiller to go hostile with $10bn Foster's bid

Should you invest in your favourite football club? Reuters is reporting on Manchester United's IPO, Much more than a case of raising funds where cash is plentiful, English soccer club Manchester United's plan to seek $1 billion (608 million pounds) on Singapore's stock market is a marrying of financial sense and global supporter sentiment — and a resounding indication of where the club sees future growth.

Man Utd's planned IPO marries sense and sentiment

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