Front Page: Russian mortgage market can avoid US debacle but needs more standards

28th November 2011

BRICS

 

China, Japan join hands in energy conservation efforts

China and Japan inked agreements to join hands on 51 projects in energy conservation. China Daily

 

Russian mortgage market can avoid US debacle but needs more standards

US mortgage gurus say Russia can learn from the US mortgage crisis to avoid a repetition of the debacle on its soil. Russia Today

 

India Inc looks to invest overseas

What started as a buzz in corporate boardrooms is gathering momentum as India Inc, seized of policy and operational bottlenecks in setting up projects in India, is now looking to invest abroad in a big way. Times of India

 

China invests in Brazil only half the advertising

Of the projects in the Asian country in Brazil, 25% did not leave the paper and 29% are financed by groups from other countries. Folha

 

Cost of SA exports to rise on EU shipping tax

Expert warns that exports to the European Union are set to become more expensive when proposals to introduce a shipping tax next year are adopted by the bloc. Business Day

 

Developed Markets

 

U.S. Job Market Shows Ills of Europe

As the U.S. tries to dodge the fallout from Europe's debt crisis, some economists are reaching a troubling conclusion: The American labor market is looking more European than ever. Wall Street Journal

 

Dire outlook puts pressure on George Osborne growth plans

A slew of gloomy economic news has heaped pressure on Chancellor George Osborne the day before he delivers his Autumn Statement on the economy. The Telegraph

 

 

Eurozone crisis threatens EU sovereign ratings, Moody΄s says

Moody's Investors Service warned on Monday the rapid escalation of the eurozone sovereign and banking crisis threatens the credit standing of all European government bond ratings. Ekathimerini

 

Frontier Markets

 

Federation of trade unions condemns frequent work stoppages

The General Federation of Jordanian Trade Unions on Sunday condemned strikes and work stoppages staged by workers without coordination with labour unions. Jordan Business News

 

Cost of mortgages set to go up

Interest rates on mortgages could go up if Central Bank of Kenya retains its indicative lending rate at the current rate. Daily Nation

 

Moves to increase credit in Nigeria

The CBN now permits a daily cumulative limit of N150,000 and N1,000,000 on free cash withdrawals and lodgments by individuals and corporate customers, respectively. Daily Times Nigeria

 

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