TODAY’S TOP ARTICLES – 07 OCT 2014

Malaysia: Malaysia Budget Day: What to Expect
Malaysian Prime Minister Najib Razak is expected to introduce additional deficit-slashing measures at this week’s annual budget presentation, which could spell more pain for consumers, economists say. (Source: CNBC)

Japan:
BOJ Stands Pat on Policy, Warns of Weak Factory Output
The Bank of Japan on Tuesday maintained its massive asset buying program but offered a bleaker view on factory output, following signs that the world’s third-largest economy was hit harder than expected by a sales tax increase in April. (Source: Reuters)

Chile: Chilean Central Banker Sees Possibility of Two More Rate Cuts
According to Chilean central bank director Pablo Garcia, the Bank has room to cut the monetary policy rate once or twice more this year as the economy is growing at a slower-than-expected pace. The Bank has reduced borrowing costs seven times in the past year and the key rate now stands at 3.25 percent. (Source: Bloomberg)

France: French Finance Minister Says Not in EU’s Powers to Reject Budget
As the European Commission is likely to reject the French budget for next year, the Finance Minister Michel Sapin announced that the government will continue with its plans. In addition, the minister added that no further spending cuts would be made next year. (Source: Reuters)

UK-Russia: Who Loses from Punishing Russia?
According to a Foreign Office document displayed on 6 October, “the UK should not support for now trade sanctions or close London’s financial center to Russians” as the City has more than GBP 46 billion investments in Russia and the country runs a current account surplus with the Federation. (Source: BBC News)

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

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