GEAB
recommendations - Currencies: Watch the short-term turmoil
In the very
short term, the swing in currencies of countries like Turkey and India will
continue... However, the BRICS countries still have substantial assets and the
current crisis (due to speculation in their currencies) is a short-term one.
Furthermore, the deeper this short-term crisis in the BRICS countries, the
faster these countries will feel the necessity to decouple their economies from
US dominated financial systems and therefore shelter from the colossal troubles
to come...
Banking
union needed 'as soon as possible': Trichet
Europe must
make a decision as soon as possible on setting up a strong central authority to
handle failing lenders, a key plank of establishing a successful banking union,
former European Central Bank (ECB) president Jean Claude Trichet urged on
Thursday...
Impact of a
government shutdown
A
government shutdown next week would interrupt some services and potentially
jeopardize the paychecks of more than 800,000 federal workers. The Office of
Management and Budget has asked agencies to begin making contingency plans...
If all else
fails, Obama will raise debt ceiling himself: analyst
If Congress
fails to raise the debt limit by Oct. 17, could President Barack Obama step in
and raise the ceiling by executive action?...
Syrie : les
cinq membres permanents de l'ONU parviennent à un accord
Les cinq
membres permanents du Conseil de sécurité de l'ONU sont parvenus à un accord
sur les fondements d'une résolution sur l'élimination de l'arsenal chimique
syrien, a-t-on appris mercredi de sources diplomatiques...
Wal-Mart
Cutting Orders as Unsold Merchandise Piles Up
U.S.
inventory growth at Wal-Mart outstripped sales gains in the second quarter at a
faster rate than at the retailer’s biggest rivals. Merchandise has been piling
up because consumers have been spending less freely than Wal-Mart projected,
and the company has forfeited some sales because it doesn’t have enough workers
in stores to keep shelves adequately stocked...
Insolvency
threat from UK’s ‘zombie’ businesses
Years of
recession and financial crisis have turned almost one in ten of the UK’s 2.5 million
companies into “zombies”, threatening a “surge of insolvencies” as they are
left behind by the improving economy...
South Korea
setback shows pressure on Boeing warplane orders
South
Korea's decision to reopen bidding for a fighter-jet contract rather than
accept Boeing Co's (BA.N) F-15 Silent Eagle signals a wider problem for the
aerospace giant: revenue from its most profitable but aging military aircraft
is winding down...
Rupee’s
decline a bitter pill for foreign drug firms’ India units
The Indian
rupee’s fall against the dollar appears to be finally hitting the
pharmaceutical industry, considered a defensive sector as its earnings remain
relatively unaffected by economic downturns...
Barclays to
shut wealth management services in 130 countries
Barclays
Plc will stop offering wealth management services in about 130 countries by
2016 and cut jobs in the unit as part of an effort to rein in costs and boost
profit...
Credit
Suisse va fermet des comptes dans 50 pays
Dans le cadre de son recentrage sur la banque privée et de
son plan d'économies, Credit Suisse entend fermer les comptes de clients dans
près de 50 pays d'ici à la fin de l'année, écrit le « Tages-Anzeiger » dans son
édition de mardi.(...)
The Europe
Question: Will Coalition Mean End of Austerity Angie?
Angela Merkel clearly won Sunday's German election, but she
will need a coalition partner. Many in Europe are hoping an alliance with the
center-left Social Democrats would mean a change in the chancellor's harsh
austerity policies. Those hopes may be dashed...
Tehran, Moscow agree to build new nuclear power plant -
Iran’s nuclear chief
Tehran and Moscow will cooperate on the future construction
of a new nuclear power plant, according to Iranian nuclear chief Ali Akbar
Salehi. The news comes as Russia hands over operational control of the first
unit of the Bushehr nuclear plant to Iran...
Warming Plateau? Climatologists Face Inconvenient Truth
Data shows global temperatures aren't rising the way climate
scientists have predicted. Now the Intergovernmental Panel on Climate Change
faces a problem: publicize these findings and encourage skeptics -- or hush up
the figures...
Amisom : le prix à payer pour sauver la Somalie des Shebab
Vingt ans que la Somalie est plongée dans le chaos. Mais si
elle paraît aujourd'hui en passe d'être sauvée, c'est en grande partie grâce
aux soldats africains de l'Amisom. Un début de victoire qui a coûté cher. Pas
sûr que les troupes engagées au Mali soient prêtes aux mêmes sacrifices...
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This special Press Review reviews articles from the French
and Engligh-speaking international online media relating to the unfolding
global crisis.
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