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  • Editor’s Picks / 20 hours ago

    Bangladeshi fund move part of push to fix infrastructure

    Nikkei Asian Review
    Bangladesh is readying a sovereign wealth fund to channel its foreign exchange reserves to infrastructure investments, says the governor of the country's central bank. The fund, to be launched in the next few months at the earliest, will have an initial size of $1 billion to $2 billion, said governor Atiur Rahman. "Our economy could achieve double-digit" growth if it overcomes a lack of modern infrastructure and other problems, he said. To try to fix its shoddy roads, ports and other economic bedrock, Bangladesh has already declared itself a founding member of the China-led Asian Infrastructure Investment Bank.
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  • Article / Yesterday at 5:01 GMT

    3 Numbers: Spain PMI offers clues for EZ growth; US income, US ISM

    editor/analyst / CapitalSpectator.com
    United States
    3 Numbers: Spain PMI offers clues for EZ growth; US income, US ISM
    Several manufacturing PMI reports will be released today. Spain's PMI is particularly interesting, as it may provide clues on how Eurozone economic momentum is holding up at the start of Q3. Meanwhile, the US is on track to deliver a relatively tepid gain of 0.2% for July's personal income and spending, while a slight decline is expected for the US ISM Manufacturing Index.
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  • Editor’s Picks / Yesterday at 2:46 GMT

    Indian investors watch for signs of next rally

    Nikkei Asian Review
    Share prices surged in India after Prime Minister Narendra Modi took office in May last year. However they stagnated in the April-June quarter. Overseas events such as the Greek crisis and China's stockmarket tumble had only a limited impact on India. The benchmark Sensex index went back up above 28,000 in July. India's market is doing well compared with those in other emerging economies. Analysts think the Sensex will hit 30,000 or even 33,500 later this year as Modi's government implements reforms. Market participants hope that heavy rainfall will boost the economy and stocks.
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    1d
    kennuvalas kennuvalas
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  • Editor’s Picks / Yesterday at 1:57 GMT

    Ireland could sleepwalk into its next crash

    Irish Independent
    Serial under-achievement best describes Ireland's progress since 1970. Ireland's performance for four of the past five decades has been mediocre at best. The Celtic Tiger years were an exception. Ireland has been unable to develop world-class domestic entrepreneurship for decades. Consider agriculture. The EU's Common Agricultural Policy has undermined the entrepreneurial vibrancy of Irish agriculture and food processing. The result is an over-reliance on commodity production, at the expense of innovation. Meanwhile Ireland's attraction to multinationals has been its long-standing favourable taxation regime. But in future, as tax rates fall, this attractiveness will be seriously threatened.
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    1d
    kennuvalas kennuvalas
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  • Editor’s Picks / Yesterday at 1:38 GMT

    Pressure on China's economy to persist: PBoC

    South China Morning Post
    Downward pressure on the Chinese economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official said. Mainland companies are not optimistic about business prospects according to the central bank's second-quarter survey, said Sheng Songcheng, the director of the statistics division of the People's Bank of China. Pressured by uneven domestic and export demand, cooling investment and factory overcapacity, economic growth is expected to slow to around 7% on the mainland this year, the lowest in a quarter of a century, from 7.4% last year.
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    kennuvalas kennuvalas
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  • Editor’s Picks / Friday at 3:54 GMT

    Why Italy is most likely to leave the euro

    The Sydney Morning Herald
    Italy has only grown by 4.6% – in total – since it joined the euro. It's hard to say what went wrong with Italy. Nothing ever went right. Unlike Greece, there was never much of a boom there – only a bust. Part of the problem is that Italy, as the IMF points out, has structural problems. It's hard to start a business and hard to fire people, which makes employers wary about hiring. It is a small business dystopia. And part of the problem is the euro itself. It's too expensive for Italian exporters, and too restrictive for the government that's had to cut its budget even more than it otherwise would have.
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    4d
    Jader Jader
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  • Article / Friday at 0:59 GMT

    Morning Report APAC: Expectations rise for September rate hike

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: Expectations rise for September rate hike
    The US GDP came in weaker than expected but core PCE came in stronger than expected, raising hopes for a September rate rise. With the rally of the USD overnight and bigger volatility in the data coming ahead in the US, the market has bought back some gamma and is getting ready for the NFP numbers coming in one week.
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    Jader Jader
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