TODAY’S TOP ARTICLES – 09 OCT 2014

United States: Fed minutes: Staff cuts growth outlook due to higher dollar
The Federal Open Market Committee debated whether the current language painted the wrong picture on the timing of rate hikes, with the outcome being agreement that rate hikes would depend on data and not a calendar date, according to minutes released Wednesday. (Source: CNBC)

Europe: Budget deadlock between EU members overshadows jobs summit
European leaders have met to discuss Europe’s persistent unemployment problem but failed to reach agreement over any new strategy or new funds. (Source: BBC News)

Argentina: Argentina says, then denies, gas deal reached with Gazprom
Argentina’s state-run energy company YPF said on Wednesday it had not struck a confidential natural gas production deal with Russia’s Gazprom despite a statement earlier in the day from the industry ministry saying that it had. (Source: Reuters)

Russia: Russia Moves Ruble Band Most Since March, Spends $1.85 Billion
Russia’s central bank shifted the ruble’s trading band yesterday by the most since March 4 after the fourth intervention this month took the amount spent to defend the currency to $1.85 billion. Russia, which has seen its reserves drop by the equivalent of $55 billion this year to $47 billion last week, is struggling to contain a selloff in its assets as Brent crude slides to a 27-month low and the economy teeters near recession. (Source: Bloomberg)

Greece: Samaras ‘Fully Comfortable’ Seeking Early Exit for Greece
Greek Prime Minister Antonis Samaras is confident that the country won’t need extra funds from the international lenders next year when the second bailout program ends. However, the euro area and IMF see Greece’s position in the international market very fragile. (Source: Bloomberg)

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

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