Early Headlines: China Tech Index Down 27%, Greece Like Lehman, Europe Sub-zero Money Market, Global Trade Boom Ending and More

June 26th, 2015
in News, econ_news, syndication

Early Bird Headlines 26 June 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.


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  • Fast Track Or No, The Long Global Trade Boom Is Over (Investor's Business Daily) Whether the proposed Trans-Pacific Partnership survives its tortuous path through the U.S. legislative process, economists say global trade is unlikely to expand or prove as crucial as it was in the two decades before 2010. They cite a number of factors, including a slowing global economy as well as the maturing of China's manufacturing engine, which has greatly slowed its imports.


  • Supreme Court preserves tool for fighting housing discrimination (Al Jazeera) The ACA opinion was not the only SCOTUS victory for the president yesterday. By a 5-4 decision the court okayed the continuation of the Fair Housing Act of 1968 which may be used to prohibit housing policies that disproportionately harm racial minorities or other protected groups, even if there is no discriminatory intent behind them.



  • Exclusive - ECB holds Athens lifeline unchanged as Bundesbank protests (Reuters) The European Central Bank (ECB) is continuing its high level of ELA (Emergency Liquidity Assistance) to assist Greek banks deakl with continuing cash withdrawals. Germany's Bundesbank President Jens Weidmann gave his strongest criticism yet of the use of emergency credit to prop up Greece's banks. He wants those banks to stop buying the short-term debt of their government.


  • India among top 10 FDI destinations in 2014 (Business Standard) FDI (foreign direct investment) inflows into India were $34 billion in 2014, up 22%t rise from $28 billion in 2013. In fact, Inflows into the country were 83.5%t of South Asia's $41.2 billion, including Iran and the seven other member nations of the South Asian Association for Regional Cooperation. Among the top 10 recipients, China, Hong Kong and the US accounted for the biggest share (in that order). China took the top spot with FDI of $129 billion in 2014 ($124 billion in 2013). The US, which attracted $231 billion worth of FDI in 2013, only garnered $92 billion in 2014. Hong Kong got $103 billion of FDI in 2014. India is expected to see increased FDI again for 2015.
  • Rajan says Indian economy will see through any impact of Greece crisis (Business Standard) Reserve Bank of India (RBI) governor Raghuram Rajan said in Stockholm on Wednesday that the Indian economy would see through any impact of the Greek crisis. According to Rajan, one factor helping India was its stronger foreign exchange reserves. Rajan was addressing a conference at the Stockholm School of Economics.





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