Weekly Global Financial News (Sep 15-Sep 21)

 

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Relief over Scotland gives way to ‘Great Stagnation’ worries, By Reuters, Published: Sep 21
http://reut.rs/1oc1zol
Scotland’s rejection of independence has calmed investors as one major source of political and economic uncertainty disappeared.

Fed renews zero rate pledge, but hints at steeper rate hike path, By Reuters, Published: Sep 17
http://reut.rs/1pnX7SP
The Federal Reserve repeated its assurance that it will keep interest rates near zero for a “considerable time” but also indicated it could raise borrowing costs faster than expected when it starts moving.

South Korea to sharply boost budget spending to spur economy, By Reuters, Published: Sep 17
http://reut.rs/1uWADOs
South Korea’s government unveiled fiscal spending set to grow for the 2015-2017 period to help the local economy better cope with a tepid global recovery and a continued slump in domestic demand.

China’s house prices fall further, economic gloom deepens, By Reuters, Published: Sep 18
http://reut.rs/YYpy4B
Worries that China’s economy may be slowing intensified as data showed home prices fell for the fourth straight month, adding to expectations that Beijing will need to do more to spur economy.

Japan, China, South Korea agree to ensure geopolitical risks don’t threaten recovery, By Reuters, Published: Sep 19
http://reut.rs/1qYqS2V
Financial policymakers of Japan, China and South Korea agreed to strengthen regional capabilities to manage financial and economic risks and respond to possible crisis.

Russian PM Medvedev vows to keep economy open, hails pivot to China, Published: Sep 19
http://reut.rs/1sUfMb4
Prime Minister Dmitry Medvedev said that Russia would not isolate its sanctions-hit economy from the West but improving relations with Asian countries has become a key strategy as Moscow has embarked on a pivot to Asia, signing a series of trade and business agreements, mainly with China.

As G20 chases growth goal, members differ on how to get there, By Reuters, Published: Sep 20
http://reut.rs/Z7eVg4
Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate stimulus.

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