"The Times of India" Suba Rao, India's central bank governor hinted that it might continue to raise interest rates
"Japan Times" living-soon, Finance Minister said that Japan or will share the Greek rescue plan
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following the September 28 financial headlines of global media
New York Times: Angela Merkel on Tuesday met with Greek Prime Minister stressed that the European rescue fund to expand their power to resolve the crisis key
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Daily Telegraph: Goldman Sachs plans to increase spending cuts
Tuesday German Chancellor Angela Merkel a warm welcome to the Greek Prime Minister Papandreou, partial remission within the ruling coalition for her to save the euro determination suspected. Action, German Chancellor said that the vote in favor of EFSF also for the interests of Germany. The speculation that this week, four German parliament vote to expand their power EFSF the government of Angela Merkel, is the most important vote in the ruling coalition six years. Merkel said Greece's newly adopted property tax that the country is through the implementation of austerity measures to obtain relief to prevent the event of a default one step further. But German Chancellor insisted the plan there is no sale of euro-denominated debt, Germany remains opposed to a unified credit endorsement sovereign debt. Previously criticized the claim that Merkel's lack of leadership, leading to the debt crisis of the euro area periphery countries, has evolved into may lead to double dip the fuse. The United States and emerging market countries in recent European leaders to exert greater pressure to resolve the crisis.
"Financial Times": BAE massive layoffs probably will hit the local economy
"Washington Post": Greece to levy property taxes to avoid default
in September consumer confidence in the U.S. economy remains weak, consumer confidence index for the month is still in its lowest point after the last recession, low wages and high unemployment continue to plague the U.S. economy. The private sector survey the Conference Board data show that the September consumer confidence index was 45.4, and the figure is slightly higher than the adjusted 45.2 in August data, which is the lowest value since April 2009. The data over 90 indicates that the economy has been showing strong consolidate. Economists pay close attention to the data, Yinwo consumer spending accounts for 70 percent of the U.S. economy. The Conference Board's survey is the conclusions reached in the period from September 1 to 15, the random survey of 5000 households in the nation. Households surveyed felt that the work is difficult to find from 48.5 percent in the last month rose to 50%. Expected income will increase the proportion of households decreased from 14.3% to 13.3%.
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Guardian: Germany and France on whether to expand the the EFSF scale disputes between
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the British defense industry giant BAE Systems PLC confirmed on Tuesday to lay off 2942 people, and close Yorkshire factory, politicians and trade unions worried that it will give local economy a devastating blow to the Lancashire and Yorkshire in the UK . The austerity plan to force the plan of the BAE construction fighters slow down. Yorkshire East Riding and Hull City Council issued a joint statement said the move will "hit the local economy. The two City Council to make every effort to help the unemployed re-employment, and layoffs to minimize the impact. Local constituency Labour former Home Secretary Alan Johnson and Conservative MP David Davis also expressed concerns on this matter Johnson said "This is a bad day".
the German Bundestag on Thursday Adjustment Act of the European Financial Stability Fund (EFSF) vote, the results of this vote will determine the fate of the euro area. However, at this critical time, Germany and France on whether the size of the European Financial Stability Fund to double the dispute in Germany tried to want to remove the 50% of the Greek sovereign debt as part of a wider rescue package, but is facing strong opposition from France. France is concerned that many of the country's banks will need to find additional financial assistance to cope with the resulting loss. Around the need to expand the European Financial Stability Fund dispute surfaced in the IMF annual meeting held in Washington last weekend level. EU officials said that the IMF is planning to expand the size of the European Financial Stability Fund, and remove the 50% of the Greek sovereign debt. But this plan has the risk of miscarriage has been reported that France and Germany, Finland and Slovenia regarding the scheme clashed.
Japan's finance minister Ann live Chun Tuesday announced that the Government of Japan may buy more European financial stability issued by the relief bonds, to help Europe through the debt crisis. Living-soon told reporters that if the rescue plan can ease the pressure of the global economy, capital markets, to solve the debt problems of Greece, the Japanese government may be sharing some of the burden of the European rescue of Greece plans. Earlier reports said the Japanese government could buy the bonds of financial stability in Europe, to resolve Greece caused by market concerns about the risk of default. Living-Soon, said that the appreciation of the yen may affect the strong economic recovery in Japan after the earthquake, if the yen against the U.S. dollar exchange rate increased sharply, the Japanese government will take decisive action, and will not ignore the money market speculation.
Goldman Sachs announced third-quarter earnings on October 18 and may announce further cut costs and lay off 1700-3000. Goldman Sachs has developed a $ 1.2 billion spending reduction plan, as part of the plan, the bank has announced the layoff of 1000, which is equivalent to the reduction of the current three percent of the employees. But with the collapse of global stock markets, the debt crisis deepened in Europe and the U.S. economic slowdown and regulatory changes, is expected to the next level of profitability of Goldman Sachs will continue to decline, its executives are planning to further cut spending. Therefore, the original $ 1.2 billion spending cut plan may be increased to $ 1.45 billion. This is equivalent to 5% of the company's expenditures in 2010.
Although highly controversial, but the Greek government on Tuesday in an important step to avoid default, it has been approved by parliament, can increase the property tax levy to help the countries achieve the international community is required of it, in order to get more relief. By global investors in Greece and the European debt crisis optimism infection, the global stock market rise, the Greek stock market rose 5.3 percent, the French stock market rose 5.7 percent, the U.S. S & P 500 rose 1.1%World Steel Pipe . German Chancellor Angela Merkel said that while Greek debt crisis broke, but she still want to stay in the euro area. Expected that the new levy property taxes will Greece increased by $ 2.7 billion in revenue this year, the policy will be maintained until 2014
Reserve Bank of India announced that it will continue to pursue an active monetary policy to promote the growth of Indian economy. Suba Rao, India's central bank governor at New York University Stern School of Business, said India's central bank to respond to the growth of inflation in the past 20 months, through the implementation of tight monetary policy to curb demand, the current monetary policy support, money policy must be more active than ever. Suba Rao, India's inflation rate has continued to remain above 9%, according to the current high level of inflation had a negative impact on economic growth, undermined investor confidence, weaken medium-term economic development prospects. India's central bank to adjust monetary policy to respond to these changes, to ensure the long-term economic development of India.
"USA Today: U.S world pie network information . consumer confidence in the September is still weak,