India: India’s Central Bank Cuts Key Interest Rate by Quarter Point
The Reserve Bank of India cut its key interest rate Thursday by a quarter percentage point in a surprise move that adds impetus to government efforts to revive Asia’s third-biggest economy. (Source: ABC News)
Ukraine: New round of peace talks on Ukraine to be held soon: Kiev
A new round of peace talks on the conflict in Ukraine’s east could be held in the next few days, Ukrainian officials said on Wednesday, even as Kiev called on the world to ostracise rebel forces over a deadly attack on a bus. (Source: Reuters)
Europe: Europe faces ‘massive’ problems: Former Spanish PM
The European Central Bank (ECB) needs to launch a bond-buying program in order to stimulate growth and stave off the “massive” problems of deflation and lack of growth, Spain’s former prime minister told CNBC. (Source: The CNBC)
Peru: Peru to Help Finance $7 Billion of Projects to Spur Economy
Peru’s government will provide financing for USD 7 billion of private infrastructure projects to boost investment after economic growth weakened in 2014 (Source: Bloomberg)
Egypt: Egypt considers gas imports from Israel
Egypt is open to importing gas from Israel, its oil minister said in state-owned media on Wednesday, another sign that it may lean on its neighbour to help tackle its energy troubles. (Source: Reuters).
Global: Forget Emerging Markets. Hot Topic at Davos 2015 Is the U.S.
The World Economic Forum has long been something of a coming-out party for emerging economies, with developing countries dispatching politicians and executives to the Swiss resort of Davos to drum up interest. This year, the big magnet for investment looks to be an older player on the global stage: the United States. (Source: Bloomberg)