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EU seeks economic revival
Ministers need radical steps to help growth at a time of record unemployment.
Li sets new course for $200b leasing market
Li’s firm is already bidding for a $5 billion fleet of 100 planes that lessor Awas Aviation Capital Ltd has put up for sale.
China April data underscores economy still losing steam
August output growth at six-year low; retail sales, investment also weaken
Global carmakers say India must reform to attract industry
India must urgently improve its infrastructure and reform its tax, land acquisition and labour laws if it is to fulfil its ambition of becoming a leading international automotive manufacturing hub, global carmakers said on Friday.
Saudi Arabia, Kuwait rule out urgent Opec meeting
Saudi Arabia, the world’s biggest crude exporter, said Opec doesn’t need to meet on possible measures to check falling oil prices, according to the kingdom’s oil minister Ali Al Naimi.
Turkish central bank counters political case for rate cuts
Turkey’s central bank governor set out his case against the sharp cut in interest rates championed by some in government, saying on Thursday it might prompt Turks to hoard dollars and that growth would in any case pick up towards the end of 2014.
Oman’s Renaissance to revive listing plans for Topaz arm
Oman’s Renaissance Services has rekindled plans to list its oilfield services business Topaz, more than three years after pulling a share sale in London, four sources said on Thursday.
Kuwait woos investors by suspending offset scheme
One foreign businessmen said he was delighted with the news, saying that the programme’s red tape discouraged companies from doing business in one of the world’s richest countries on a per capita basis.
China trade surplus hits record $49.8 billion
China’s trade surplus surged to a record $49.8 billion in August, figures showed on Monday, as imports saw a surprising fall and export growth slowed in a further sign of softness in the world’s second-largest economy.
This time’s different as Asia warms up for Fed rate rises
Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively sheltered from global forces.
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