TODAY’S TOP ARTICLES – 21 JUL 2014

Indonesia: Indonesia’s Presidential Election Result: Prabowo Subianto or Joko Widodo?
Preliminary vote counts still show that Joko Widodo has won the election by a margin of about five percentage points. However, his rival Prabowo Subianto has already stated that he will challenge the result as he claims that there are indications of fraud at several polling stations. (Source: Indonesia Investments)

United Kingdom: UK to Post Strongest Growth in G7, Says Item Club
The UK economy will grow faster in 2014 than any other G7 economy, while low wage rises will ensure interest rates do not rise until next year, an influential report has forecast. UK GDP growth will hit 3.1% this year, spurred by strong capital investment by businesses, the EY Item Club said. (Source: BBC News)

South Korea: South Korea Finance Minister, Central Bank Chief Cite Risks to Growth
South Korea’s top two economic policy officials agreed that downside risks to growth are increasing but did not say whether they saw the economy as weak enough to warrant an interest rate cut. (Source: Reuters)

Malaysia: Malaysian Air Said to Present Turnaround Plan This Week
Malaysian Airlines, whose airplane was shot down over Ukraine, is expected to present this week a turnaround plan to the government fund. The proposals will include taking the company private or allowing it to go bankrupt an then renegotiate union contracts. (Source: Bloomberg)

China: China and Switzerland Sign Currency Swap
The Chinese Central Bank stated that it signed a currency swap agreement worth CNY 150 billion (USD 24.17 billion) with Switzerland’s Central Bank. According to the Chinese Central Bank, the three-year swap is aimed to provide liquidity support and to help maintain financial stability. (Source: Reuters)

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

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