United States: Fed may have scope to keep interest rates low past mid-2015, IMF says
The Federal Reserve may have scope to keep interest rates at zero for longer than investors anticipate as inflation stays muted and a 2014 slowdown prolongs the labor-market recovery, the International Monetary Fund said. (Source: Financial Post)

China: July HSBC flash PMI at 18-month high
China’s factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in. (Source: BBC News)

Bulgaria: Prime Minister resigns with bank crisis unresolved
The Bulgarian Prime Minister Plamen Oresharski resigned on 23 July leaving behind an unresolved banking crisis. The resignation paves the way for early elections in October. (Source: Reuters)

European Union: European Commission aims at larger than expected energy efficiency target
The European Commission aims to reduce energy use in the European Union by 2030 by 30% as compared to 2007, according to a report from Spiegel Online. This objective is more ambitious than the previously expected 20% reduction target. (Source: Spiegel Online, Language: German)

India: Country will not back WTO protocol unless concerns addressed
India will not support a WTO trade protocol ahead of a 31 July deadline, unless concerns about its food subsidies are met. This decision, which was made in a statement by two government officials, threatens to derail a landmark global trade deal. (Source: Reuters)

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