TODAY’S TOP ARTICLES – 30 JUN 2014

India: India’s Modi Eyes First Labor Overhaul in Decades to Create Jobs
India’s recently installed Prime Minister has set in motion the first major revamp in decades of India’s archaic labor laws. (Source: CNBC)

Argentina: Argentina at Brink of Default as $539 Million Payment Due
Argentina is poised to miss a bond payment on 30 June, putting the country on the brink of its second default in 13 years, after a U.S. court blocked the cash from being distributed until the government settles with creditors from the previous debt debacle. (Source: BusinessWeek)

Thailand: Thailand’s Military Begins Overhaul of Electoral System
The junta leader General Prayuth Chan-ocha declared on 30 June that the military had begun an overhaul of the electoral system. The polls will most probably take place by late 2015. Meanwhile, an interim government will be appointed this September. (Source: Reuters)

Euro area: Euro Area Inflation Remains at 0.5% in June
In June, inflation in the euro area was at 0.5%, matching June’s reading. The inflation rate thus remains well below the European Central Bank’s (ECB) target rate. According to market analysts, the low reading puts pressure on the ECB to consider potential further policy easing. (Source: Bloomberg)

Global: BIS: Central Banks Warned of ‘False Sense of Security’
The Bank for International Settlements (BIS) has warned that ultra-low interest rates have lulled governments and markets “into a false sense of security”. The Basel-based organization – usually dubbed the “central banks’ central bank” – urged policy makers to begin to normalize rates. (Source: BBC News)

For the latest economic indicators from around the world, please visit us at Focus-Economics.com.

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