TODAY’S TOP ARTICLES – 27 JAN 2015

India: Obama in India: America can be India’s best partner, says US President 
US President Barack Obama on Tuesday said the United States could be India’s “best partner” as he wrapped up a three-day visit by highlighting the shared values of the world’s biggest democracies (Source: Economic Times)

Russia: Ruble Crisis Worsens As Russia Downgraded To ‘Junk’ By S&P
The ruble fell to a six-week low after Standard & Poor’s downgraded Russia’s sovereign debt to a junk rating. The move has worsened a selloff while fighting in the Ukraine has increased the chances for more Western sanctions.(Source: IBTimes)

United States: U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO
The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. (Source: Reuters)

Argentina: Argentina to dissolve intelligence body after prosecutor death
The Brazilian Central Bank recently decided to raise interest rates to curb rising inflation, while major central banks cut them, raising the prospect of another recession in Latin America’s biggest economy. (Source: Daily Times)

Saudi Arabia: Saudi Arabia invests in gas fracking
Saudi Arabia’s state-run oil company Saudi Aramco is investing USD 7 billion in shale gas drilling in the country. (Source: Business Insider)

Greece: Greece’s new anti-austerity government set on collision course with Brussels 
Greek radicals sought on Monday to redraw the political map of Europe, forming a coalition government of left and right, united only by their desire to defy the European financial establishment and shrug off the constraints of austerity. (Source: Guardian)

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

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