TODAY’S TOP ARTICLES – 09 SEPT 2014

Latin America: Private equity preps new Latin America push
Private equity and venture capital firms are setting up for more bets in Latin America after strong fundraising this year. (Source: CNBC)

Russia: Ukraine crisis: EU adopts new sanctions on Russia
European Union members officially announced that they will adopt new sanctions against Russia over the Ukraine crisis. The new sanctions include restrictions on Russia’s state oil companies. However, it is not clear yet when exactly the new measures will come into effect. The EU is being vague about the implementations of the sanctions in order to allow time to assess the ceasefire agreed last Friday. (Source: BBC)

United Kingdom: Scottish stocks, U.K. pound hammered by pro-independence poll
The British pound was trading at a 10-month low against the U.S. dollar Monday after an opinion poll that suggested 51 per cent support for Scottish independence. Shares in Scotland’s companies and financial institutions such as the Royal Bank of Scotland and Standard Life also took a hammering. On Sept. 18, Scotland’s residents vote on a referendum over whether to end Scotland’s 307-year-old union with Britain. A vote in favor of independence would take both Scotland and the U.K. into uncharted waters and cast doubts over the future of the pound. (Source: CBC)

Germany: Schaeuble proposes scrapping Germany’s ‘solidarity tax’: regional press
German Finance Minister Wolfgang Schaeuble has proposed scrapping a “solidarity tax” that helps the poorest eastern states of the country. The minister, however, also proposed an increase in other taxes in order to compensate the loss of revenues. Schaeuble will present on Tuesday plans for the 2015 budget, which aims to be the first balanced budget in decades. (Source: Reuters)

Japan: Japanese consumer confidence dips in August
In August, Japanese consumer confidence fell for the first time in four months. The index fell from 41.5 in July to 41.2 in August and comes just one day after data showed that Japan’s GDP shrank 1.8% in the second quarter. (Source: BBC)

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

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