TODAY’S TOP ARTICLES – 11 JUL 2014

Peru: Peru’s Central Bank Surprises with 0.25 pct Rate Cut
Peru’s central bank surprised the market by lowering the benchmark interest rate a quarter percent to 3.75 percent on Thursday, citing sluggish growth and stressing that more cuts will not necessarily follow. (Source: Reuters)

Euro area: Nowotny Sees no Urgency for New ECB Stimulus
European Central Bank (ECB) Governing Council member Ewald Nowotny stated that he does not see the urgency to take additional steps after last month’s adoption of historic measures by the ECB. His comment signals that agreement on additional policy action, such as broad-based asset purchases, should not be taken for granted. (Source: Bloomberg)

Argentina: Argentina to Send Technocrats to Debt Talks
Argentina said a team of technocrats, and not its economy minister, would attend a meeting in New York with a court-appointed mediator on Friday, as it seeks to resolve a dispute with holdout investors over its sovereign debt. (Source: Reuters)

Malaysia: Malaysia Raises Rate First Time in Three Years on Faster Growth
Malaysia raised its key interest rate for the first time in more than three years after economic growth quickened and as the central bank seeks to curb the risk of financial imbalances. (Source: Bloomberg)

Japan: Japan Firms Near Crisis as Labor Shortage Deepens
Japan’s labor shortage is nearing crisis in some key industries as it spreads from construction to services, curbing companies’ operations, pushing up wages and potentially crimping a tentative recovery in the world’s third-largest economy. (Source: CNBC)

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

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