Connect to share and comment

AFP 1400 GMT Economics News Advisory

PlacardEnlarge
(Globalpost/GlobalPost)

Duty Editor: Richard Lein

Tel: +33 1 40 41 4041

WTO-trade-diplomacy-commerce-economy,2ndlead

NUSA DUA, Indonesia

The WTO's chief warns it was "now or never" as trade ministers open a conference tasked with salvaging long-stalled efforts to liberalise trade and ensure the body's continued relevance.

650 words moved by Dan Martin

Iraq-Turkey-Kurds-OPEC-energy-oil,lead

VIENNA

Iraq is optimistic about resolving a long-running dispute over plans by the country's autonomous Kurdish region to export oil to international markets through Turkey, its oil minister says.

550 words 1500 GMT by Ben Perry

Brazil-economy-GDP,2ndlead

BRASILIA

The Brazilian economy contracted 0.5 percent in the third quarter of this year compared with the previous one, the first such drop since early 2009 and one that confirmed the most pessimistic market expectations.

500 words 1430 GMT by Yana Marull

Russia-economy-growth-forecast-indicator,2ndlead

MOSCOW

Russia again sharply downgrades its growth forecast amid fresh indications that the resource-rich nation would remain one of the emerging world's worst performers for years to come.

600 words 1500 GMT by Dmitry Zaks. File Picture

India-economy-trade-deficit-gold

MUMBAI

India's current account deficit -- the broadest measure of trade -- has narrowed to its lowest quarterly level in four years, fuelling optimism that Asia's third largest economy is on the mend.

450 words moved. File picture.

Britain-economy-bank-money-forex-rate-BoE,ADVANCER

LONDON

The Bank of England is likely to maintain record-low interest rates and its level of cash stimulus on Thursday, holding its wait-and-see stance on the strengthening recovery, economists said.

450 words moved by Roland Jackson

Britain-banking-retail-consumer-business RBS,lead

LONDON

The head of Royal Bank of Scotland admitS that it had failed to invest in its IT systems "for decades", after a glitch left customers of the state-rescued lender unable to access cash for three hours.

500 words moved

Stocks-forex-Europe,WRAP

LONDON

European stock markets fall as solid US data sparks renewed talk that the Federal Reserve could soon start tapering its vast economic stimulus, dealers say.

600 words 1500 GMT by Roland Jackson

Stocks-Asia-finance-forex,WRAP

HONG KONG

Asian markets mostly fall following Wall Street's losses after a better-than-expected US manufacturing report heightens speculation that the Federal Reserve will begin winding down its stimulus this month.

750 words moved by Danny McCord

afp

http://www.globalpost.com/dispatch/news/afp/131203/afp-1400-gmt-economics-news-advisory