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New-policy pressure on Fed
Growing anxiety on risks of holding key rates too long sets up intense debate
Europe deflation fears rise
Consumer price data and bold ECB steps likely to take centre stage this week
Ukraine faces difficulty without Russian gas
Months of fighting between government forces and separatist rebels in eastern Ukraine has forced coal mines to cut production or close entirely, imperilling the country’s electricity market.
Hurdles obstruct Argentina’s path to restructuring debt
Question marks surround how country will locate its debt holders
Ask Congress to renew Ex-Im Bank, Obama tells businesses
Obama said in his weekly radio address that if Congress lets the bank close, it would be stunting US export growth and impeding economic expansion.
Russia recession all possible
In a weekly macroeconomic monitoring report, the ministry estimated that gross domestic product had contracted by 0.2 per cent in July compared with a year earlier, following a 0.1 per cent fall in June.
US housing recovery appears to be back on track
Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales.
India flags rosier economy
Growth on course to recover to about 5.8% till March 2015 from 4.7% last year
China, Mongolia sign 26 rail, resource deals
Closer economic relations with China may be landlocked Mongolia’s answer to recent economic woes. Mongolia saw a 70 per cent fall in foreign direct investment in the first half of 2014, but its southern neighbour is aiming for an expansion of trade to $10 billion a year by 2020.
Saudi GT Academy Middle East winner
The Nissan PlayStation GT Academy International Race Camp drew to a thrilling conclusion at the UK’s Silverstone circuit as Ahmed Khaled from Saudi Arabia, 25, was crowned the Middle East champion of the racing challenge.
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