Front Page: Slowing services puts economic growth at risk

7th November 2011

BRICS

 

Govt urged to open up crude oil import market

BEIJING – Some of the country's private-held oil companies are clamoring for the relaxation of the tight government control of crude oil imports to alleviate the widespread chronic diesel shortfalls during seasonal spikes. China Daily

 

Medvedev, Lagarde to hold Moscow talks

President Dmitry Medvedev is to discuss international measures to tackle the global crisis with IMF head Christine Lagarde at a meeting in Moscow Monday. Voice of Russia

 

FDI dips 16.5% to $1.76bn in September

NEW DELHI: Reflecting fragile recovery in the world's major economies, foreign direct investment into India dipped 16.5 per cent to USD 1.76 billion in September. Times of India

 

SA's net reserves up in October

SA's net gold and foreign exchange reserves edged up to $49,221bn at the end of October from $47,93bn in September, data from the Reserve Bank showed on Monday. Business Day

 

Brazilian trade expects more conservative Christmas 2011

The higher inflation, lower growth of domestic economy and the debt of Brazil, besides the global crisis, consumers should present the country with a good dose of caution this Christmas. Folha

 

Developed Markets

 

Slowing services puts economic growth at risk 

A faltering services sector is putting the British economy at serious risk of contraction as early as the final quarter of this year, according to research. The Telegraph

 

Germany, Russia to launch Nord Stream

The leaders of Germany and Russia will inaugurate the controversial Nord Stream pipeline pumping Russian gas to Western Europe Tuesday, highlighting its strategic importance to both sides. The Local

 

For Markets in Europe, the Focus of Fear Moves to Italy

Efforts to solve a growing sovereign debt crisis have failed to quell market unease and uncertainty in Greece points to continued volatility this week. New York Times

 

Frontier Markets

 

Milk glut looms amid the rains

Kenya is likely to experience a milk glut due to increased production, following onset of the short rains. Daily Nation

 

Sasol, Origin Energy join Botswana's coal rush

Sasol, one of South Africa's leading energy companies, has entered into an agreement with Australia-based integrated Origin Energy to explore coal bed methane (CBM) in Botswana. Botswana Guardian

 

Jordan's oil shale gains momentum

Jordan's massive reserves of oil shale have been the topic of much discussion lately, with investors keen to help the Kingdom harvest the energy locked in the layers of rock. The Jordan Times

 

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