21/10/2013

Press Review

07:30 GMT, Monday, October 21, 2013

Economy

Politics

Reuters U.S. economy bruised by fiscal fight: Treasury Secretary The U.S. economy has been hurt by a recent budget standoff in Washington and it is important that the nation does not go through another around of brinkmanship, Treasury Secretary Jack Lew said on Sunday. BBC Japan posts trade deficit for 15th consecutive month Japan has posted a trade deficit for the 15th month in a row in September as a weak yen pushed up import costs.

DW SPD agrees to negotiate coalition with Merkel A special conference of Germany's center-left Social Democrats has voted to enter formal talks on forging a coalition government with Chancellor Angela Merkel's conservatives. Spiegel Fresh Leak on US Spying: NSA Accessed Mexican President's Email The NSA has been systematically eavesdropping on the Mexican government for years. It hacked into the president's public email account and gained deep insight into policymaking and the political system.

Currencies
CNBC Shutdown's aftermath continues to jolt dollar The economic cost of the U.S. government shutdown will keep the U.S. dollar under pressure this week, while the hit on business and consumer confidence could force the Federal Reserve to delay the withdrawal of stimulus until next year Forexcrunch GBP/USD Outlook Oct. 21-25 The pound enjoyed a super week, gaining around two cents against the US dollar. GBP/USD closed the week at 1.6163.

Markets
Investing.com Asian stocks mostly higher as Fed could push tapering out; Nikkei up 0.71% Most Asian stocks traded higher Monday following a record week for U.S. stocks as traders bet that the Federal Reserve will not imminently taper its USD85 billion-a-month bond-buying program. News.com.au Gold futures fall Gold futures have declined as some investors worry that demand will falter after prices in the week climbed back above $US1,300 a troy ounce.

Top Videos
Bloomberg Roubini: How I'd Invest $1,000 Right Now Economist Nouriel Roubini, cofounder of Roubini Global Ecomonics, explains how he would invest $1,000 in the current climate, what he thinks of his "Dr. Doom" nickname, and what he saw before he forecast the 2008.. CNNMoney Is the GOP still the party of business? After decades of the Republican party having a happy marriage with businesses, the relationship is starting to wear. Will it affect political contributions?

Blogs
Paul Krugman The Worst Ex-Central Banker in the World Steven Pearlstein reads Alan Greenspans new book, and discovers that Greenspan believes that he bears no responsibility for all the bad things that happened on his watch and that the solution to financial crises is... Antonio Fatas Evidence on the (limited) power of exchange rates The benefits and costs of different exchange rate regimes is one of the most debated topics in international macroeconomics and it is crucial for a very important decisions that policy makers regularly face on how to manage...
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