following September 9, the world's major financial headlines of the media:
Bank of England on Thursday kept its benchmark interest rates and bonds to buy the same size. While the UK into a double-dip recession fears increase, the Bank of England the nine-member monetary policy committee (MPC) decided to increase the existing £ 200 billion of quantitative easing (QE) program. MPC while maintaining the basic interest rate at a record low of 0.5%, this level of interest rates has not changed since March 2009. Britain recently published a series of disappointing economic data, the Bank of England may increase its quantitative easing program expected. British Institute of Directors (the Institute of Directors,) had urged the Bank of England to buy more bonds to stimulate the economy, and has repeatedly called for the existing quantitative easing program to increase the size of 50 billion pounds. OECD (OECD), United Kingdom in the second half of 2011, economic growth is expected to only 0.3%, while German economic growth will decline. Britain's future within a few months, inflation expectations rise, but economists believe the Bank of England will be in quite a long time to maintain interest rates unchanged.
British Chancellor of the Exchequer George Osborne denied his austerity measures to make Britain's economic yield prospects worsen. Economic Cooperation and Development (OECD), warned that the remainder of the year, the UK's economic growth is likely to stagnation. The OECD forecasts, the exception of Italy, the UK economy in the second half of this year will be the worst in the Group of Seven, the third and fourth quarters of economic growth will be only 0.1%. Osborne insisted that the British economy is a victim of the global economic slowdown, high oil prices, the drag of the debt crisis in Europe and the U.S. economic outlook is unfavorable. Osborne pointed out that almost all developed countries, economic growth is expected to decline, while the attack of the Labour Party to its tightening policy is "ridiculous".
Japanese Ministry of Finance announced on the 8th report shows that the current account surplus in Japan in July over the same period last year decreased by 42.4%, to 990.2 billion yen, mainly because imports surged, tourism remains in the doldrums. Japan's Balance of Payments 5 consecutive months of decline, the decline has slowed in July, down from 50.2 percent in June from 51.7 percent in May and 69.5 percent in April. Japan's merchandise trade surplus of 123.3 billion yen in July while imports increased by 13.6 percent to 5.41 trillion yen, exports decreased by 2.3% to 5.53 trillion yen. Imports significantly increased, mainly because of the Fukushima nuclear power plant accident, Japan thermal alternative to nuclear power generation, liquefied natural gas and other fuel prices. By the decrease in foreign tourists after the earthquake, in July, Japan's services trade deficit increased to 306.2 billion yen, higher than the 149.3 billion yen the same period last year. Due to the increase of overseas investment, Japan's income surplus in July rose 18.1 percent to 1.25 trillion yen for four consecutive months rose.
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"USA Today: Starbucks CEO called for an end to political donations
Starbucks CEO Schultz has called on business leaders to stop donations to members of Congress, hoping thus to put pressure on Washington to stop the impasse between the parties. But most business leaders seem to have no major changes. Last month, Schultz called for an end to the contributions of members of Congress until they come up with a "reasonable, bipartisan way to solve the problem of debt, income and expenses. He said that, another 100 business leaders also agreed to stop the donation. 38 executives but it seems at least from 2008 onwards, no any political donations. 28 the amount paid is not more than $ 5,000. At presentWorld Steel Pipe , about 19,000 on the Internet promise to stop political donations. Schultz held a conference call on Wednesday night, severely criticized the congressional impasse, there are about 100,000 people participated in the meeting.
"Japan Times" Japan's current account surplus in July decreased by 42%
New York Times: Bernanke said consumers too pessimistic
Washington Post: Obama open the $ 447 billion job plan
today nationwide local businesses offer summary
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"Daily Telegraph": TNK - BP employees and contractors involved in 37 criminal cases
British Petroleum (BP) Russian joint venture TNK - BP disclosed details about the latest survey of the internal list of hundreds of bad behavior inside the company. The bad behavior led to the company's employees and contractors involved in 37 criminal cases. This disclosure may result in embattled BP CEO Bob Dudley embarrassed. Dudley is accompanied by British Prime Minister's visit to Russia, they will discuss with the Russian leaders of the British companies in Russia's business environment. BP is not immediately available to comment, but further deterioration of the relationship between BP and its Russian oligarch partners. The tension between the BP and the Russian oligarch partners has been going on for a few months, the two sides had a falling out because of BP's attempt to reach a value of £ 10 billion agreement with the state-owned Rosneft (Rosneft Oil). Arbitration on this issue is still in progress.
"The Times of India" India's food inflation rate fell to 9.55%
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Obama administration launched a $ 447 billion worth of employment programs, aimed at a series of tax cuts, as well as schools and roads, to update the investment, so that the American people in the tens of millions of unemployed back to work. The package will be submitted in the name of the Employment Act of Congress, to suggest that Obama is eager to boost in recent months, the trends are stagnant U.S. economy, to stimulate employers to re-start the recruitment of staff World steel pipe network editing . Before the Thursday joint meeting of both houses of Congress, Obama made public his plan for employment. The core of the plan is to spend $ 175 billion, to extend and increase the payroll tax of 50 percent this year due to cut. White House officials said the measure allows the ordinary family in 2012 an increase of $ 1,500 in revenue.
Thursday lunch of Minnesota Minneapolis, Bernanke speech, he was again to the weak economy standard explanation, and again warned to reduce government spending will slow short-term growth. He also proposed a new point of view: consumers pessimistic than a reasonable degree or expected. Bernanke this explanation: "The unemployment rate continues to remain high, falling house prices and high debt burden. But he continued to point out that: "Even taking into account the financial pressures they face, the American family seems to be too cautious.
"The Guardian": Bank of England kept interest rates and quantitative easing remains unchanged
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"Financial Times": British Chancellor of the Exchequer Osborne defended the policy tightening
Government of India today released data show that, until August 27, when the week India's food inflation rate fell to 9.55 percent, calculated in accordance with the wholesale price index, food inflation rate is lower than 10.05% of the previous week and the same period in 2010 14.76%. According to statistics, as of August 27, the week of beans prices fell 1.56 percent, wheat prices fell 1.04 percent. But other food prices rise, as of August 27 weeks, onion prices rose by an annual rate of 42.03%, potato prices rose 13.38 percent, while fruit prices rose 16.57 percent, while vegetable prices rose 22.42 percent, eggs, meat and fish prices rose 7.26 percent, the price of milk and oats were up 9.12 percent and 5.45 percent. Indian food inflation rate has gone down mainly due to the high base effect.