Front Page: Growth to fall as slump hits big economies

23rd November 2011

BRICS

 

Brazilian Economy Going into Decline

According to Central Bank statistics, the Brazilian economy is entering a phase of decline. Problems in the euro zone and in the U.S. are beginning to take their toll on Brazil. Rio Times

 

Rupee at historic low against US dollar, looks vulnerable

Exposure to short-term portfolio flows, a rising oil import bill and slowing export growth have heightened the risk on the rupee. Times of India

 

Russia safeguarded against crises – Siluanov

Russia's government will be able to support the national economy even if it follows the worst possible scenario, acting Finance Minister Anton Siluanov said. Voice of Russia

 

China set to top online market

China is expected to overtake the United States as the world's largest e-commerce market by 2015. China Daily

 

SA exports vulnerable to carbon tax – World Bank

World Bank says SA could face one of the largest tariff hikes in the world if developed countries decided to tax the carbon content of imports from developing economies. Business Day

 

Developed Markets

 

Bank lobbying tactics 'intellectually dishonest' says FPC member

Robert Jenkins, a member Bank of England's financial policy committee, wants banks to stop their campaign against regulatory reform. The Guardian

 

Building boom flags solid growth

AUSTRALIAN building activity hit record levels of growth, leading economists to say the economy is on-track for solid growth in 2012. The Australian

 

Growth to fall as slump hits big economies

IRELAND'S economic growth will slow next year as the big economies move into recession but the economy will recover strongly from 2013, a new economic forecast says. Irish Independent

 

Frontier Markets

 

Internet providers keep prices up despite gains on tax breaks

High internet subscription fees and costs of acquiring computers has kept off consumers from using the web two years after the fibre optic cable went live in Kenya, a new survey shows. Daily Nation

 

FG targets 500,000 tonnes of cocoa by 2015

The federal government plans to increase cocoa production from the present 300,000 tonnes to 500,000 tonnes by 2015, says Dr Akinwunmi Adesina, the Minister of Agriculture and Rural Development. Daily Times Nigeria

 

Doha Bank sees 2012 profit growth of up to 10%

Doha Bank, Qatar's fifth largest bank by market capitalisation, sees a profit growth of 8% to 10% next year. Gulf Times

 

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