TODAY’S TOP ARTICLES – 04 SEPT 2014

Poland: Poland “Very Likely” to Cut Rates – Central Bank Chief
Poland’s weak economic outlook makes interest rate cuts very likely, the governor of the central bank said on Wednesday, and the first rate cut may come as early as October. (Source: Daily Mail)

Japan: Bank of Japan Keeps Monetary Policy Unchanged
The Bank of Japan (BOJ) on Thursday refrained from announcing fresh stimulus, in a widely-expected decision, despite increasing evidence the recovery in the world’s third-biggest economy is sputtering. (Source: CNBC)

Ukraine: Putin Offers Ukraine Peace Plan After Truce Talks
Russian President Vladimir Putin tried to set the agenda for talks on a truce in Ukraine as European Union diplomats weighed further sanctions and NATO leaders gathered for a summit. Representatives of Ukraine, Russia, the rebels and the Organization for Security and Cooperation in Europe will meet tomorrow to discuss the plan in Minsk, Belarus. (Source: Bloomberg)

Argentina: Argentine Senate Approves Debt Jurisdiction Bill, Sends to House Argentina’s Senate early on Thursday approved a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing its payment jurisdiction, passing the proposal to the lower House of Representatives for debate. The House is expected to vote the bill into law. The proposed law, saying foreign debt can be paid through intermediaries outside of the U.S, is President Fernandez’s way of putting government debt out of reach of U.S. courts that have jurisdiction over some of the original bond contracts. The bill would replace Bank of New York Mellon with state-controlled bank Banco Nacion as intermediary for bond payments. (Source: Reuters)

France: France’s Unemployment Rate Rises in Q2
France’s unemployment rate inched up from 10.1% in Q1 to 10.2% in Q2 amid a stagnating economy during the first half of this year. (Source: NASDAQ)

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

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