China: World Bank Cuts China Growth Forecast
As the BBC News reports, the World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%.
Turkey: PM Erdoğan Urges Turkish Central Bank to Cut Rates
Hurriyet Daily News echoed that Prime Minister Recep Tayyip Erdogan called on the Central Bank to cut interest rates in order to stimulate the economy after months of political crisis.
Spain: Is Spain AAA?
Mark Gilbert writes an interesting piece in Bloomberg View, where he states that for the first time since 2007, investors are willing to lend five-year money to Spain at a lower interest rate than they charge the U.S. government. One conclusion is: it reinforces the view that credit ratings on sovereign borrowers are pretty meaningless.
Japan-Australia: “Japan, Australia poised to reach bilateral FTA accord during summit”
Prime Minister Shinzo Abe and Australian Prime Minister Tony Abbott are set to agree on a bilateral free trade deal during a summit late on Monday, following seven years of negotiations between the respective nations.
India: Presidential Elections Start Today
As reported by the BBC, Indians have begun voting in the world’s biggest election, with the ruling Congress party pitted against the Hindu nationalist BJP opposition. The nine-phase ballot begins on Monday and concludes on 12 May. Votes will be counted on 16 May.