United States: Fed Tapers Another $10 Billion
A second-quarter economic rebound did nothing to change the outlook of the Federal Reserve, which stayed the course Wednesday with ultra-easy monetary policy. (Source: CNBC)

China: IMF Recommends 6.5-7.0% Growth Target for China for 2015
The International Monetary Fund (IMF) recommended a GDP growth target for China of 6.5% to 7.0% for 2015, which is lower than the country’s 7.5% target growth rate this year. The IMF reaffirmed that it sees the country growing 7.4% in 2014 and of 7.1% next year. (Source: RTT News)

United Kingdom: U.K. House-Price Growth Hits 15-Month Low as New Rules Take Hold
In July, U.K house prices grew at the slowest pace in more than a year. The data underlines signs that the property market is cooling after record-low interest rates and improving confidence brought house prices to all-times highs. (Source: Bloomberg)

Argentina: Argentina’s Default Clock Runs Out as Debt Talks Collapse
Argentina missed a deadline on 30 July to pay $539 million in interest after two full days of negotiations in New York failed to produce an accord with creditors from its last default in 2001. The Argentinian government does not plan to have further discussions with the hedge funds described as “vultures,” and other creditors must decide whether to invoke a clause that entitles them to demand their money back. (Source: Bloomberg)

Ukraine: Rada Votes Over Yatseniuk’s Resignation
The Verkhovna Rada, Ukraine’s parliament, has opened its extraordinary plenary sitting. A total of 339 out of the 450 MPs have been registered in the session hall. The Parliament will debate and vote over PM Arseniy Yatseniuk’s resignation, in a vote seen as key to push the country’s economic reforms forward. (Source: Kyiv Post)

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