TODAY’S TOP ARTICLES – 04 AUG 2014

Korea: Choinomics – Breakthrough for South Korea?
First there was Japan’s Abenomics, then Modinomics of India. Now South Korea has coined its own package of economic policies, which economists say will lead to a period of “big bang expansionary growth.” (Source: CNBC)

Mexico: Mexican Congress Enters Final Stretch to Specify Energy Sector Opening
Today, the Mexican congress enters the final stretch to detail the energy reform legislation that will open the sector to private domestic and foreign investors. (Source: Infolatam) (Language: Spanish)

Portugal: Portugal Announces $6.6 Billion Espirito Santo Rescue
Central Bank of Portugal took over the troubled Banco Espirito Santo SA in a USD 6.6 billion bailout. The bank’s assets and deposits will move to a new company, Novo Banco. The bailout will be financed with a Treasury loan to be repaid by Novo Banco’s eventual sale. (Source: Bloomberg)

Australia: Inflation Slows in Australia According to TDMI Data
The TDMI monthly measure of consumer prices indicates that Australian consumer prices edged up 0.2% in July, a subdued result for July which is welcome after official figures for Q2 were surprisingly high. (Source: Reuters)

United States & Africa: US-Africa Summit To Kick Off As Leaders Of Ebola-Hit Countries Pull Out Of Landmark Event
The United States is set to announce nearly $1 billion in business deals between American companies and African nations as President Barack Obama launches the first U.S.-Africa Leaders Summit on Monday. (Source: International Business Times)

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

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