despite last month in the financial markets fluctuate significantly, but the Federal Reserve said on Wednesday the 12 banking district this summer, moderate development, mainly due to consumption spending in most areas of the United States have increased. The Fed's report notes that growth in the same situation, which in some areas of weaker growth. But Wednesday's report than the last report has improved on a report that the slowdown in 12 regions of the United States in June and early July 8. The report released this Wednesday in mid-July to August 26 the United States economic conditions, the data from the Fed's 12 regional banks had provided the report. The regional outlook will help the Fed to the formation of a decision in its meeting on September 20 to 21.
Guardian: UK industrial production data for July weak translation of the economic recovery prospects dim
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European energy giants are less dollars to have the capital value of coal and oil power stations, the German energy giant RWE is preparing to cut 440 jobs and shut down power plants. Strengthen Europe's carbon dioxide emission limits, coupled with wholesale electricity prices fell, the cost of coal-fired power plants in Europe are rising. EDF Energy has been written down to Cottam, and West Burton, thermal power plants of 340 million pounds the value of the assets. At the same time RWE has also been recorded in the two coal-fired and two fuel power plants had huge losses, the sum of the loss of 249 million pounds. The company said it made a sharp decline in profit warning in the next 3-5 years, because it reflects the actual needs of the UK's electricity supply market during the relevant period. Energy company E.ON in the loss of 40 million pounds, decided to stop the development of a coal-fired power plant in Kingston, United Kingdom, and decided to build a "clean" technology of coal-fired power stations had been supplied to the local shortage of electricity.
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British Prime Minister Cameron release of a strong signal that he supported to build a firewall around the UK retail banking, but he hopes to delay the implementation of structural adjustment a few years. Cameron's supporters said Cameron, a moderate increase of the current economic times, the banking industry a thorough reform of the impact to show concern. Behavior of the destruction of commercial loans and obstruct economic recovery, he will be firmly opposed world pie network information . But the British government sources said, Cameron is ready to support reforms, he will be next Monday to listen to the Vickers report on banking reform, Sir. It is reported that after the 2015 election, the retail sector and the venture capital arm of the Bank of England will gradually separate.
the Bank of Japan monetary policy meeting on Wednesday decided to maintain a zero interest rate policy, the introduction of new loose monetary policy to cope with the impact of the recent yen appreciates sharply. Bank of Japan decided to maintain the credit and asset purchase program in the scale of 50 billion yen. The nine members of the Bank of Japan Policy Committee conducted a secret ballot, the U.S. economy slow recovery after the economic crisis in 2008, growing debt crisis in Europe, will be the main risk factors that affect Japan's economic boom. Bank of Japan said in a statement, has been basically to eliminate the constraints caused by the earthquake on the level of production and supply, production and exports has been largely restored to the level before the earthquake, the Japanese economy is expected to back to the slow recovery track in the second half of fiscal 2011.
"Financial Times": Cameron strongly supports the establishment of the bank firewall
Washington Post: Obama's work program would cost $ 300,000,000,000
"The Times of India" India's central bank has no intention to limit the preferential loans
India's central bank deputy governor Su • Ge Kaen, said Wednesday that the Indian central bank did not intend to prohibit preferential loans, but he warned that these financial products will extract an additional 2% loan reserve. Soapy • Ge Kaen in the Federation of Indian Chambers of Commerce and Industry seminar, the Indian central bank did not plan to stop these loans, but that preferential loans there are additional risks, such products need to increase loan loss provisions. Soapy • Ge Kaen, the regulatory authorities to determine the attribution categories of loans, if certain products meet the standard of concessional loans, Reserve Bank of India will be 2% of the loan loss reserve. In the face of the situation of interest rates continues to rise, the credit lines of slow growth, India's ICICI Bank and HDFC Bank have launched a fixed-rate home loans, in order to attract more lenders.
British National Bureau of Statistics data show that in July, the British manufacturing output growth was only 0.1%, while covering a wider range of industrial production data showed a decrease of 0.2%. Partly due to the decline in the amount of oil and gas exploration, North Sea oil fields according to plan the first few months into the maintenance period. But economists said temporary factors can not conceal the economic slowdown trend since early last year. Economist, Chris Williamson, that the performance of industrial data disappointed, while they have lead the economy out of recession in the main. Quarter in a more credible force on the quarterly statistics, the growth rate increased from -0.5% in June to 0.5 percent, is the best level since March. But this is only six months of data. He believes that the UK manufacturing sector is likely to worsen in August, because the export retardation, sluggish domestic demand.
U.S. President Barack Obama to the employment program will be launched on Thursday to spend $ 300 billion in infrastructure investment and tax cuts. White House aides expressed the hope that this plan can get support from the Republican side. Obama will deliver a speech before the bipartisan joint meeting Thursday to explain his program, which is considered a critical moment of his term of office. Obama's goal is to allow people to regain confidence in the government, they believe that the Obama administration has the ability to promote the economy and prevent a recurrence of the economic recession. But Republicans cited the U.S. Department of Labor data, said last month the new employment does not increase, to suggest that Obama's policy does not work.
following September 8th, the world's major financial headlines of the media.
judgment
German Federal Constitutional Court on Wednesday, Germany, Greece and other countries relief measures are not in violation of the Basic Law (Constitution). This decision, the leadership to remove an obstacle for Germany, Europe an unprecedented reliance on the proposed solutions to deal with the debt crisis in Germany. Earlier fears that the euro may collapse, but his sentence victory, at least temporarily slowed the market's concerns. , European stock markets rose sharply immediately after the announcement of the judgment. In the continuing financial crisis, Europe has repeatedly changed from frustration to cautious optimism, few analysts believe that this court decision is a decisive turning point. But some analysts pointed out, this may confirm the behavior of the German leadership role to promote Greece and Italy, the implementation of austerity measures in order to obtain assistance from the European, and may thus exert pressure on Finland and Slovenia. German Chancellor Angela Merkel said that the Constitutional Court's decision affirmed the government line, and stressed to defend the euro, known as "The euro is the protection of a united Europe", but she asked Greece to carry out structural reformsWorld Steel Pipe , adding that Greece must meet the conditions to get assistance.
New York Times: German court conditionally support the aid of Greece
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"Japan Times" Japan's central bank to maintain the zero interest rate policy
"Daily Telegraph": energy giant was forced environmental costs to cut coal-fired fuel power stations
"USA Today": The Fed said the 12 banks in the region this summer, moderate growth
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