Russia: Russia Rating Cut by Moody’s on Sluggish Economic Growth
Moody’s downgraded the credit rating for Russia from Baa2 to Baa1 and kept a negative outlook. The decision comes amid a deteriorated medium-term growth outlook. (Source: Bloomberg)

Indonesia: Joko Widodo Sworn in as Indonesian Leader, Completing Journey from Slum to Presidential Palace
Joko Widodo completed a journey from riverside shack to presidential palace on Monday, cheered through the streets following his inauguration by tens of thousands of ordinary Indonesians. The 53-year-old must make tough decisions to stand a chance of boosting economic growth in Indonesia, a sprawling nation of 250 million people. (Source: The Globe and Mail)

Argentina: Chinese Loan to Argentina Expected in November
A multibillion-dollar currency swap betweenArgentina and China will launch in November, bolstering the South American country’s diminished foreign reserves, the central bank chief was quoted as saying in a local paper on Sunday. (Source: Reuters)

Germany: Schaeuble: Germany Must Invest more but not Increase Debt
Finance Minister Wolfgang Schaeuble said that Germany needs to increase investment in order to improve competitiveness, but he also underlined that this should not be done at the expense of higher public debt. (Source: BBC)

China: China Tries Again to Jolt Tired Economy
The Wall Street Journal reports that China’s Central Bank is planning to inject CNY 200 billion (USD 32.6 billion) into the banking system. This initiative follows last month’s move to pump CNY 500 billion into the country’s five major state-owned banks. (Source: The Wall Street Journal)

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