TODAY’S TOP ARTICLES – 26 SEPT 2014

China: Whether Or Not China Replaces Central Bank Governor, Xi Jinping Is In Charge
The People’s Bank of China, the country’s central bank, has denied that its top official will be leaving, after the Wall Street Journal reported Wednesday that the Chinese government is considering replacing PBoC Governor Zhou Xiaochuan due to differences in the direction of monetary policy. But according to experts on China’s economy, even if Zhou is replaced, any successor would have little room to challenge economic policy. (Source: International Business Times)

United Kingdom: UK Cuts to Last Five more Years, Ex-Civil Service Boss Says
The outgoing head of the civil service has predicted another five years of UK government spending cuts – and he said making the cuts would be “even harder”. (Source: BBC)

United States: Fed’s Lockhart Says Weak Demand Puts Rate Hike Timetable in Doubt
Atlanta Federal Reserve bank president Dennis Lockhart said the U.S. economy is still hampered by weak demand at home and internationally, potentially pushing the need to raise interest rates later into next year. (Source: Reuters)

Ukraine: Poroshenko Says Worst of War Over as Talks Move to Gas
President Petro Poroshenko said the worst of the war with pro-Russian separatists is over as Ukraine’s focus moves to elections, securing winter gas supplies and preparing a bid for European Union membership. (Source: Bloomberg)

Germany: German Consumer Confidence to Drop in October
Sentiment among German consumers is set to drop in October. GfK’s forward-looking consumer confidence index fell from 8.6 in September to 8.3 in October. Despite this second consecutive drop, confidence remains high. (Source: Finanznachrichten)

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s