TODAY’S TOP ARTICLES – 27 OCT 2014

Europe: Twenty-five European Banks Fail Stress Test
The European Central Bank (ECB) has said that 25 of Europe’s 130 biggest banks have failed an in-depth review of their finances designed to check their financial health. (Source: Aljazeera)

Brazil: Dilma Rousseff Re-Elected Brazilian President
Dilma Rousseff has been re-elected president of Brazil, after securing more than 51% of votes in the closest election race in many years. (Source: BBC)

Japan: Senior Japan Official Calls for Abe to Delay Sales Tax Hike
A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision. (Source: CNBC)

Ukraine: Pro-Europe Parties on Track for Big Election Win in Ukraine, Partial Count Shows
Ukrainian President Petro Poroshenko hailed a sweeping victory for pro-Europe parties in an election on Sunday, saying the vote showed people backed his plan to end a separatist conflict, his pro-Western course and democratic reforms. (Source: Reuters)

United States: Federal Reserve to Take Away the Punch Bowl
The Federal Reserve will end this week its programme of government bond purchases, which at one point was pumping USD 85 billion a month into financial markets and the economy. Many analysts expect the Fed to turn off its money taps on schedule on Wednesday, while giving accompanying assurances that it will respond if a global downturn threatens its economy (Source: CNBC/Reuters).

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

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