TODAY’S TOP ARTICLES – 01 SEPT 2014

Spain: Britain’s Barclays to Sell Spanish Assets to Caixabank
Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul. (Source. CNBC)

Russia: Vladimir Putin Calls on Kiev to Enter ‘Statehood’ Talks for South-East Ukraine
On Sunday, President Vladimir Putin has called on Kiev to enter discussions on the “statehood” for the south-east regions of Ukraine. The statement came after the European Union gave Russia a week to de-escalate the situation in Ukraine or face further sanctions. (Source: The Guardian)

Brazil: Brazil’s Economy Falls into Recession, Latest Figures Show
Recent GDP data showed that the Brazilian economy entered in technical recession. GDP fell 0.6% in the Q2, which was worse than analysts had predicted. Revised figures for the first quarter of the year also showed a fall of 0.2%. (Source: BBC)

Germany: German GDP Contracts in Q2 on Weak Investment and Trade
Recent data confirm that the German economy contracted 0.2% in the second quarter, which represents the first quarterly contraction in more than one year. Subdued investment and a slowdown in trade led to the overall weak performance. (Source: Reuters)

China: Government Policies Actually Encourage Risky Investing Abroad
Chinese state-run firms ordered to make deals are less inclined to consider potential problems, so the government must make an effort to provide them with better information. (Source: Caixin)

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

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