Monthly Archives: February 2016

Setback for hardliners in Iran poll; Finland as the new ‘sick man’ of Europe; More downside pressure for oil

1 Setback for hardliners in Iran poll (Saeed Kamali Dehghan & Ian Black in The Guardian) Hardliners in Iran have been dealt a humiliating blow after reformist-backed candidates in Friday’s hard-fought elections appeared on course for a sweeping victory in … Continue reading

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US growth revised upwards; Tesco considering 39,000 job cuts; The more connected, the more you prosper

1 US growth revised upwards (BBC) The US economy grew at a faster pace than previously thought in the fourth quarter of 2015, according to the latest official figures. The US economy grew at an annualised pace of 1% in … Continue reading

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IMF warns global economy is vulnerable; Brazil stripped of investment grade status; India still blighted by caste issues

1 IMF warns global economy is vulnerable (BBC) The International Monetary Fund (IMF) has said the global economy has weakened further and warned it was “highly vulnerable to adverse shocks”. It said the weakening had come “amid increasing financial turbulence … Continue reading

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Asian shares fall as Saudi Arabia rules out production cuts; Bank of England may cut rates to zero; As mining cools, Australia turns to agriculture

1 Asian shares fall as Saudi Arabia rules out production cuts (Straits Times) Asian shares retreated on Wednesday as a nascent recovery in the oil market lost momentum after Saudi Oil Minister Ali Al-Naimi effectively ruled out production cuts by … Continue reading

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BHP Billiton reports $5.67bn loss; Pound tumbles to seven-year low on Brexit fears; Slowdown shows in Singapore housing market

1 BHP Billiton reports $5.67bn loss (Chris Johnston on BBC) Mining giant BHP Billiton has posted a huge half-year net loss of $5.67bn and warned that weak commodity prices will continue. The figure for the six months to December compared … Continue reading

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Japan manufacturing slows sharply;Plunging oil forms alliance of enemies; How ‘black money’ saved India economy

1 Japan manufacturing slows sharply (Straits Times) Growth in Japan’s manufacturing activity slowed sharply in February as new export orders contracted at the fastest pace in three years, a worrying sign that overseas demand is deteriorating rapidly as China’s economy … Continue reading

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Venezuela raises fuel price 6,000%; Japan exports slump the most since 2009; Bombardier to cut 7,000 jobs

1 Venezuela raises fuel price 6,000% (Sibylla Brodzinsky in The Guardian) Venezuela’s president, Nicolás Maduro, has announced the first rise in petrol prices in 20 years and a sharp devaluation of the currency which he said aimed to shore up … Continue reading

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