TODAY’S TOP ARTICLES – 28 AUG 2014

United Kingdom: UK Economy to Grow at Fastest Rate Since 2007
Britain’s economy will grow at its fastest rate since 2007 this year, the British Chambers of Commerce (BCC) said, but called on policymakers to ensure the performance is not a “flash in the pan”. (Source: CNBC)

Turkey: Turkey’s Erdogan to Be Inaugurated as President
Turkish President-elect Recep Tayyip Erdogan is due to be officially sworn in after winning the country’s first ever popular vote for head of state. (Source: BBC)

China: China’s Local Government Can Replace Pricey Debt
China’s Finance Minister Lou Jiwei announced that, subject to approval, local governments can replace debt with cheaper municipal bonds. This moves aims to ease the financing pressure on local governments and to reduce risks associated with the country’s USD 3 trillion local debt. (Source: Reuters)

Argentina: Argentina Wants Deal with All Holdout Investors Together
Argentina’s government on Wednesday ruled out further debt talks with a small group of U.S. hedge funds and said the country needed to strike a deal with all bondholders which have rejected past restructuring agreements as a single group. Most likely, a deal will not be reached before next year’s October presidential election, where current President Fernandez cannot run. (Source: Reuters)

India: Modi Eyes Breakthrough Nuclear Pact on Japan Trip
India is hoping to win Japanese backing for a nuclear energy pact during a visit by Indian Prime Minister Narendra Modi, and lure investment into its $85 billion market while addressing Japan’s concern about nuclear proliferation. (Source: The Tribune)

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

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