Front Page: Salaries should increase 7.4% in Brazil in 2012

10th November 2011

BRICS

 

Salaries should increase 7.4% in Brazil in 2012

Brazilian companies must provide an average increase of 7.4% in salaries of employees in 2012, according to the survey "Wage Trends" consultancy ECA International.  O Estado de S. Paulo

 

Russia and the WTO: joy or woe for domestic firms?

While some businesses are celebrating Russia's imminent WTO accession, others are preparing for a tough period of transition. Russia Today

 

Moody's lowers outlook for India's banking system

Moody's Investors Service on Wednesday lowered its outlook for India's banking system to negative from stable, citing concerns that bad loans would rise and profits would be hit. Times of India

 

Telecom giants face monopoly investigation

Two domestic telecom giants, China Telecom and China Unicom, are being investigated over alleged monopolistic practices. China Daily

 

Factory output spikes as vehicle makers restock

Factory output for September exceeded analysts' forecasts for subdued growth, with manufacturing production surging 7.7% year on year compared with the year-earlier month, according to Statistics South Africa data released yesterday. Business Day

 

Developed Markets

 

Tokyo shares close down 2.91% on fears over Italy

Tokyo shares lost 2.91% on Thursday as global financial fears intensified after Italian government bond yields shot above levels regarded as unsustainable. Japan Today

 

Merkel and Sarkozy 'now planning two-tier Europe'

The clearest signs to date of deep splits across the EU emerged last night after reports that Germany and France are planning for a two-speed Europe. Irish Independent

 

Economy seen slowing sharply next year

The eurozone debt crisis looks set to slam the brakes on growth next year in the German economy, Europe's biggest, a panel of economic advisors to the government warned on Wednesday. The Local

 

Frontier Markets

 

Statistics: Inflation continued to decline reaching 5.95% for the month of October 2011

The inflation rate continued its downward trend reaching 5.95% for the month of October. This is revealed by the monthly figures from Statistics Mauritius. L' Express

 

Buenos Aires stocks plunge 4.2%

Buenos Aires stock edged down with the Merval benchmark stock index moving down by 4.2 percent, to 2,766.44 points. The negative slant was caused by the delay on opening due to some technical difficulties with the computer system. Buenos Aires Herald

 

Volatile market

Notable level of intraday volatility was seen in the Colombo bourse today. The market started the operations in early trading in the negative territory where a sharp pull back was seen in the mid trading session. Daily Mirror  

 

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