Front Page: Canadians’ wages not keeping up with cost of living

25th November 2011

BRICS

 

Cabinet nod on FDI an important step: WalMart

The world's largest retailer Walmart has termed India's decision to allow 51 per cent FDI in multi-brand retail as a "first important step." Times of India

 

Inflation in Russia goes down -Putin

Russia's government has achieved its aim to reduce inflation, the country's PM Vladimir Putin stated during a meeting with the leaders of the ruling United Russia party in Moscow. Voice of Russia

 

Monetary easing may be on cards

Monetary-loosening measures by the Chinese government are imminent, and the tone of its macro policy may change. China Daily

 

Unemployment dropped to 5.8%

RIO – The unemployment rate in October, estimated at 5.8% is the lowest for the reference month since 2002. O Globo

 

South Africans still not saving

Old Mutual says South Africans are starting to win the battle to curb their appetite for consumptive debt and spending but were still struggling to save. Business Day

 

Developed Markets

 

Signs of Spending Switch for Consumers

There are signs consumers have changed their behavior in ways not seen in other economic cycles -and the recovery is suffering because of it. Wall Street Journal

 

Japan's consumer prices down 0.1% in October

Japan's core consumer prices edged down 0.1% in October from a year earlier in line with market expectations, government data showed Friday. Japan Today

 

Canadians' wages not keeping up with cost of living

Canadians' wages aren't keeping up with the rising cost of living and will continue losing ground to inflation over the next 12 months. Canada.com

 

Frontier Markets

 

Geothermal expected to meet half of Kenya's energy needs

Kenya plans to obtain half its electricity from geothermal by 2018, to meet rising demand and cushion against the uncertainty of hydro-power. Daily Nation

 

‘Future is for using mobiles as debit or credit cards'

MasterCard Worldwide is working on a project with several local banks to enable its users in Jordan to use their mobile phones as a debit or credit card. Jordan Business News

 

UAE-Sri Lanka Economic Relations: A growing partnership

A high level trade mission from the UAE, headed by Sheikha Lubna Bint Khalid Al Qasimi, Minister-Foreign Trade in the UAE arrived in Sri Lanka yesterday. Daily Mirror

 

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