The world economy

Economic News – 7 July, 2013

From Rice Farmer, with thanks

Greek Salaries Cut Another 10%

The Derivatives Loch Ness

Pakistan agrees $5.3bn IMF loan

Brazil to Cut Expenses to Meet Primary Surplus Target - Report

Brazil mulls boosting allowable returns on big projects

"As Brazil looks for private bids for major public infrastructure projects, it may have to raise the rates of return being offered to keep investors interested at a time of market turmoil and higher risk."

Austrian jobs on line as retailer Dayli fails

German Manufacturing Orders Disappoint Again

Australia's Growth Solution— More Australians

Singapore Wealth Fund Size Soars to Record High

Canada’s banks considering bid to become trading hub for China’s yuan

Bundesbank Warns China's Currency "On Its Way To Becoming Global Reserve Currency"

Dubai steps up asset sales to cut debt pile

Why Qatar developers struggle despite construction boom

"Qatar's real estate developers are struggling even as the country embarks on huge infrastructure building plans - a warning to investors that despite the billions which the Gulf state is throwing around, they won't necessarily profit."

Overcapacity is one of the biggest challenges - OECD Steel

"The OECD Steel Committee said that the excess capacity is one of the biggest challenges facing the steel industry today."

Global Earnings Downgrades Worst In 12 Months

S&P Downgrades Nokia To Dead Meat

The GCC's 20 tallest towers under construction (slide show)

Samsung Electronics' second quarter misses forecast as smartphone worries deepen

19 Reasons To Be Deeply Concerned About The Global Economy As We Enter The 2nd Half Of 2013

Red Hot China Property Bonds Falling Out of Favor

41 IMF Bailouts And Counting – How Long Before The Entire System Collapses?

You Are In The Ponzi Scheme Whether You Realize It Or Not