TODAY’S TOP ARTICLES – 25 FEB 2014

Ukraine: Presidential election campaign launched
Ukraine will run snap presidential elections in 25 May. According to Interfax Ukraine, candidates include the UDAR party leader Vitali Klitschko, Maidan activist and television station owner Petro Poroshenko, Batkivschyna faction leader Arseniy Yatseniuk, and Svoboda far-right party chairman Oleh Tiahnybok. Former Ukrainian Prime Minister Yulia Tymoshenko may agree to participate, but she has not yet pronounced.

China: Investors shaken as renminbi’s reputation as ‘one-way bet’ sours
“Last week the renminbi did something it has not done for years – it shocked the market.” FT reports that the renminbi depreciated in recent days, which was broadly seen as an attempt to increase volatility before widening the trading band.

Global: The failure of Mt. Gox could be a mortal wound for bitcoin
The website of bitcoin exchange Mt. Gox-once the largest of its kind-went online following rumors of insolvency. According to Quartz, , hackers have for years been exploiting a critical security flaw in the exchange’s software, stealing vast sums equivalent to 6% of all bitcoins in circulation.

Brazil: Brazil rating may suffer if no major policy change in 2015: Moody’s
According to a Reuters interview, international credit ratings Moody’s expects Brazil’s credit ratings to suffer in 2015 if the next government does not make major policy changes to regain market confidence and ensure a decline in the country’s debt burden.

Mexico: Top Mexico Cartel to Keep on Despite Capo Capture
Following the capture of of Mexico’s most wanted druglord and leader of the Sinaloa cartel, Joaquin “El Chapo” Guzman, most news flow about the topic indicate that Mexico’s war against cartels is far from over and that the powerful Sinaloa cartel is expected to go right on selling billions of dollars of illegal drugs despite the takedown of its legendary leader.

For latest economic indicators from around the world, please visit us at FocusEconomics.

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