Early Headlines: Finland and Greece Recessions, Russia is Buying Dollars, Ireland Solar Farms, China Slashing Use of Coal and More

May 16th, 2015
in News, econ_news, syndication

Early Bird Headlines 16 May 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Follow up:

U.S.

Canada

  • The Canadian Economy Might Not Be Able To Ride America's Coat Tails This Time (Bloomberg) Emanuella Enenajor, Canada and U.S. economist at Bank of America Merrill Lynch,says a pick-up in U.S. growth won't be a panacea for Canada as it has been in the past. A historic relationship is breaking down - 15 years ago the Canadian economy had a 50% correlation to the U.S. but recently it is below 30%.

EU

UK

Finland

  • Finland, Once a Eurozone Point of Pride, Is Now Faltering (The New York Times) The former "Nordic Tiger" has recorded its second consecutive quarter of GDP decline and so has entered a nominal recession. Finland's economy now is performing below the level of "weak sisters" Spain and Italy.

Greece

greece.bank.deposits

Ireland

Russia

India

  • For Modi's year-old government, storm brewing in rural India (Reuters) A decline in exports has depressed domestic farmgate prices and unseasonal rain damaged winter crops such as wheat, potato, chickpea and rapeseed. Farmers have little money now to buy seeds for the summer sowing, and meteorologists have predicted the annual June-October monsoon will be below par, which means the next crop may also fail. Modi is being blamed for not doing enough to mitigate the problems.

China

china.coal


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