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Eurozone sees further rise in jobless, falling inflation
Dow Jones newswires / Business Spectator
The jobless rate is rising in the eurozone and inflation is falling, raising stimulus hopes.
Related: ECB's Nouy Says Banks Must Show They Can Make Profits
Huw Jones and Eva Taylor / Business Insider
By Huw Jones and Eva Taylor LONDON (Reuters) - Euro zone banks that failed or barely passed this year's health checks will have to demonstrate they can make sustainable profits and may need to sell off loss-making units, the European Central Bank's top banking supervisor said. Daniele Nouy, who heads ...
Related: European Union Gives Budget Laggards Time to Comply
James Kanter / NY Times
The decision regarding Belgium, France and Italy is a sign that the new European Commission will be sensitive to calls to ease up on austerity in Europe.
 
Great news - low oil prices are destroying Opec's power
Jeremy Warner
The energy markets are slowly being prised from the grip of this damaging cartel, reports Jeremy Warner
Related: Market Catches Breath after Yesterday's OPEC-Induced Moves
Marc to Market
OPEC decision to roll-over existing quotas sent oil prices sharply lower, pushed European bonds and stocks higher, and generally gave the US dollar a boost. Today's theme is more consolidative in nature. At the same time, the dollar's firmer tone against the yen helped lift the Nikkei while European stocks ...
 
Indian GDP growth slows to 5.3%
CNN
India's economic growth slowed last quarter, raising the stakes for Prime Minister Narendra Modi as he seeks to push through long-overdue reforms.
Related: India markets continue to break records
CNBC
India markets have made a stunning recovery from last year's taper tantrum, with the Nifty index at record highs.
Related: India's Two-Speed Economy
Dhiraj Nayyar / Bloomberg Views
A third of India's population is racing far ahead of the rest, posing risks to the country's unity and stability.
 
I see currency wars
David Keohane / FT Alphaville
The first rule of currency wars is: you always talk about currency wars. The second rule is: you can always find one to talk about if you look hard enough. This month's FX war location of choice is Asia, and here with its proximate cause is BNP Paribas (our emphasis): ...
 
The Chinese Economy Is Facing A $6.8 Trillion Nightmare That Could Get Worse
Mike Bird / Business Insider
The Chinese economy has wasted $6.8 trillion (£4.3 trillion) in investment during the last four years. Six point eight trillion dollars. That's according to a report from China's National Development and Reform Commission and the Academy of Macroeconomic Research, written up here in the Financial Times. The report says that ...
Related: The Next Phase of China's Financial Deepening
Andrew Sheng, et al. / Project Syndicate
Financial deepening in China is not simply a matter of reducing financial repression. In order to enable the corporate sector to manage the transition to a modern knowledge-based economy, China must also rebalance the financial system by carrying out a shift from bank and short-term funding toward equity and long-term ...
 
Juncker's investment plan: No risk - no return
Bruegel
President Juncker has presented the key features of the European Commission's plan to boost investment in the EU. In this blog post we review the most important points and discuss the main policy challenges surrounding the plan. Five, still undecided, points are key for the success of the plan: (1) ...
Related: Juncker defends Luxembourg tax regime after Luxleaks revelations
Irish Times
European Commission president says he would have liked more oversight during time as PM
 
Heightened French risk still imperilling the eurozone
Euromoney
France's creditworthiness has continually worsened during the six years since the global financial crisis. The question is whether the rising risk trend will continue into 2015 and will that begin to affect its borrowing costs, which have recently hit record lows.
Related: EU postpones ruling on French, Italian fiscal policy till March
Reuters
BRUSSELS, Nov 28 (Reuters) - The European Commission postponed until March its decision on whether French, Italian and Belgian fiscal policy was in line with European Union rules, saying their 2015...
Related: France paying for past mistakes: Economy Minister
CNBC
French Economy Minister Emmanuel Macron has placed the blame for the sustained weakness in France with previous administrations
 
Good, bad and ugly of EM debt
FT
From Mexico to Venzuela and yields of 3.7% to 18%
 
Bundesbank's Weidmann rejects calls for stimulus
Dow Jones newswires / Business Spectator
The Bundesbank president rejects the calls for a stimulus plan in Germany saying they are amiss.
Related: German retail sales bounce back strongly in October
Reuters
BERLIN (Reuters) - German retail sales bounced back strongly in October after a steep drop in September as the private consumption that has become vital for growth in Europe's biggest economy showed...
 
Brazil Grows in Q3 And No Longer in Technical Recession
Lise Alves / Rio Times
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL - The Brazilian Gross Domestic Product (GDP) grew by 0.1 percent during the third quarter of 2014, removing the country from a technical recession, according to data from the IBGE (Brazilian Institute of Geography and Statistics). A 'technical recession' occurs when ...
Related: New Brazilian finance minister faces test
FT
Appointment of no-nonsense economist expected to stabilise economy
 
A Sea Change in Greece?
NICHOLAS GAGE / NY Times
The strict economic policies of the government have begun to bear fruit and better days now seem possible.
 
Perceptions and reality: Ten things we should know about attitudes to immigration in the UK
EUROPP
Figures released on 27 November showed that net migration to the UK in the year to June had risen to 260,000 people. With David Cameron having previously announced a goal of cutting net migration to below 100,000 per year by the time of the 2015 general election, the figures have ...
Expand sublinks   Also:  Irish Times | Reuters | The Times | FT
Related: UK house prices hit record but growth slows
FT
Values of average UK houses increase at a slower rate
 
Monetary Policy When the Spyglass Is Smudged
Guest Author / The Big Picture
Monetary Policy When the Spyglass Is Smudged Early Elias, Helen Irvin, and Òscar Jord FRBSF, 2014-35 November 24, 2014     An accurate measure of economic slack is key to properly calibrating monetary policy. Two traditional gauges of slack have become harder to interpret since the Great Recession: the gap ...
Related: Grading the Federal Reserve's readability
FT
Central bank garrulousness has implications for the wider market
Related: The Fed Needs More Than an Audit
WSJ Opinion
The central bank's expansive regulatory powers should be subject to congressional and executive branch oversight.
 
Japanese Sovereign Debt Yield Turns Negative
Tatsuo Ito / WSJ Economics
The yield on some Japanese sovereign debt turned negative Friday for the first time ever, the latest indication of the impact of the Bank of Japan's aggressive easing measures.
 
Guest post: in Ukraine, it is time to call a war a war
Guest writer / Beyond BRICs
By Taras Kuzio of the University of Alberta US President Barrack Obama dare not utter the word 'invasion' and asks his advisers why Ukraine is so important. Russia denies it has troops in eastern Ukraine while Ukraine itself describes its own military actions there as an operation". In reality, Europe ...
 
Success of Renzi reforms 'visible' says Steinmeier - update
Gazzetta Del Sud
Berlin, November 27 - Germany's foreign minister said Thursday that center-left Premier Matteo Renzi's reform drive is clearly being successful. "The Renzi-led government is moving forward with reforms in a coherent way and with visible success," Frank-Walter Steinmeier told ANSA ahead of a Fr...
 
Thomas Piketty is right: Income inequality is holding us back
Salon
Two leading economists examine how the wealth divide is especially harmful to the job market
 
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Heightened French risk still imperilling the eurozone
Euromoney
Brazil Grows in Q3 And No Longer in Technical Recession
Rio Times
Bundesbank's Weidmann rejects calls for stimulus
Business Spectator
Indian GDP growth slows to 5.3%
CNN
Japanese Sovereign Debt Yield Turns Negative
WSJ Economics
I see currency wars
FT Alphaville
Eurozone sees further rise in jobless, falling inflation
Business Spectator
EU postpones ruling on French, Italian fiscal policy till March
Reuters
Juncker's investment plan: No risk - no return
Bruegel
Monetary Policy When the Spyglass Is Smudged
The Big Picture
What's this?
Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
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