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Financial Times – World
- - US officials have denounced plans by a Florida priest to burn a Koran on September 11, a move General David Petraeus, commander of forces in Afghanistan, says could endanger US troops
- - Japan has raised concerns about China’s recent sharp increase in purchases of Japanese government bonds, highlighting nervousness about its impact on the strengthening yen
- - Afghanistan must conduct stress tests on the country’s fragile banking sector in the wake of the scandal at Kabul Bank, Ashraf Ghani, the former finance minister and presidential candidate, has told the Financial Times
- - Vietnam’s foreign minister has dismissed International Monetary Fund concerns that a lack of clarity in the government’s macro-economic policy is damaging confidence among international investors
- - Tehran insists that the country is no longer dependent on imports following an emergency plan in response to the imposition of fresh sanction by the Obama administration in June
- - President Nicolas Sarkozy outlined concessions worth €1bn a year to his flagship pension reform but they failed to impress trade union opponents of the president’s plans to raise the retirement age from 60 to 62
- - President Barack Obama will take Republicans to task over their economic values as he promotes an $180bn package of proposals to stimulate the anaemic US economy
- - A suicide bomber sets off a powerful blast near a busy market in Russia’s restive North Caucasus, killing at least 17 people and wounding dozens, authorities say
- - The trade deficit has widened to a postwar record after a surge in imports in recent months, in a development that analysts view as reassuring about the strength of the domestic economy but discouraging for growth prospects in the longer term
- - Listening to Dmitry Medvedev and Vladimir Putin talk about the country’s most pressing political issue – modernising the economy – reveals a significant difference of tone
Financial Times – World Economy
- - ECB president sets out part of a ‘quantum leap’ in governance of Europe’s 11-year old monetary union, needed to prevent a future Greece-style economic crisis
- - A surge in exports narrowed the US trade gap in July, raising hopes that economic output could accelerate in the second half of the year
- - Global market overview: Stocks rebound and bonds are sold as US labour data help reduce concerns about slowing US growth
- - Japan has raised concerns about China’s recent sharp increase in purchases of Japanese government bonds, highlighting nervousness about its impact on the strengthening yen
- - Tehran insists that the country is no longer dependent on imports following an emergency plan in response to the imposition of fresh sanction by the Obama administration in June
- - Vietnam’s foreign minister has dismissed International Monetary Fund concerns that a lack of clarity in the government’s macro-economic policy is damaging confidence among international investors
- - President Nicolas Sarkozy outlined concessions worth €1bn a year to his flagship pension reform but they failed to impress trade union opponents of the president’s plans to raise the retirement age from 60 to 62
- - Blow to bank’s efforts to put high-profile fraud case behind it following its settlement with the US Securities and Exchange Commission in July for $550m
- - President Barack Obama will take Republicans to task over their economic values as he promotes an $180bn package of proposals to stimulate the anaemic US economy
- - CBRC comments contrast with financial sector’s own bullish outlook presented in recent days
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