FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 17 September 2015

Early Headlines: Chile Quake, BIS Warns Emerging Markets, SP Downgrades Japan, India Eases Foreign Investment Rules, Tear-gassed Refugees And More

Written by

Early Bird Headlines 17 September 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.



  • OECD trims growth outlook but urges Fed action this week (The Business Times) The global economic outlook has grown darker than it was only a few months ago, but the United States is doing well enough that its central bank should go ahead with its first rate increase since the financial crisis, the OECD said on Wednesday. The world economy is set to grow 3.0% (down from previous estimate of 3.1%) this year and 3.6% next year.
  • World Bank warns emerging economies of big capital outflow under Fed rate hike (xinhuanet) The World Bank Tuesday warned of the risk of a large decline in capital flows to emerging economies in the upcoming U.S. monetary policy tightening cycle. If the tightening cycle were accompanied by a surge in U.S. long-term yields, as happened during the taper tantrum in 2013, the reduction in capital flows to emerging economies could be substantial, according to a new research paper released by the World Bank ahead of this week's meeting by the U.S. Federal Reserve to discuss whether to raise interest rates.
  • The World's Second-Richest Person Is Closing In On Number One (Bloomberg) Spain's fast-fashion king Amancio Ortega, who passed U.S. investor Warren Buffett as the world's second-richest person in June, is $9.5 billion away from leapfrogging Microsoft founder Bill Gates as the world's richest person, as of mid-day trading in New York, according to the Bloomberg Billionaires Index.


  • Wednesday's GOP debate transcript, annotated (The Washington Post) Eleven leading Republican candidates for president gathered at the Ronald Reagan library in California for the second GOP debate on Wednesday night. This is a full transcript of the debate, which has been annotated by Washington Post reporters and readers using Genius.
  • CEOs less optimistic about economy (The Hill) The nation's top business executives are less optimistic about the direction of the U.S. economy for the rest of the year, with budget, tax and debt-limit decisions looming in Washington. CEOs' overall projections for sales, capital spending and hiring over the next six months declined 7.2 points, to 74.1, in the July-September quarter, from 81.3 in the April-June period, according to the Business Roundtable economic outlook survey released on Tuesday.


  • How Germany is Handling the Refugee Influx ( Germany expects to take in 800,000 refugees, many of them fleeing war and conflict in Syria, northern Africa, Afghanistan and Iraq, in 2015 alone. Germany is responding to this unprecedented influx at all levels of government and society. The government has appropriated €6 billion for the settlement effort and is organizing widespread volunteer efforts and staffing government agencies. Econintersect: There is no mention of added police or military expenses, the way many other EU countries are spending money for the crisis.


  • Clashes at the Hungarian border (Reuters) A 27-slide show of bloodied parents, terrified children, fire hoses, teargas, rock throwing youths, armored vehicles and storm troopers.
  • Migrant crisis: UN 'shocked' over clashes in Hungary (BBC News) UN Secretary General Ban Ki-moon has said he is "shocked" after Hungarian police fired tear gas and water cannon to force migrants back from its border. Mr Ban said such treatment of asylum seekers was "unacceptable". Hundreds of migrants were involved in the clashes at the border between Hungary and Serbia on Wednesday, trying to break through a razor-wire fence in their efforts to reach Germany.


  • Ukraine crisis: Rebel election decision 'great danger' to peace (BBC News) A decision by rebels in eastern Ukraine to hold elections poses a "great danger" to the peace process, President Petro Poroshenko has warned. He also announced sanctions on over 400 people and 90 legal entities held responsible for Russia's annexation of Crimea and the conflict in the east. The leader of the self-declared Donetsk People's Republic earlier confirmed the elections would be held on 18 October. The neighbouring Luhansk rebel region wants to stage elections on 1 November. The government in Kiev - backed by the EU and the US - says such votes would be in violation of the peace deal signed in Minsk, Belarus, in February. The agreement envisages that elections in the rebel-held parts can only be held according to Ukrainian law.


  • Indonesia to overhaul bank rules to guard against collapses (The Business Times) Indonesia is preparing a major overhaul of financial safety regulations to guard against the potential for bank collapses. Regulators are working on a list of systemically important banks, likely to include the country's top 15 by assets, and parliament may pass a law this year setting out rules for bailouts




  • China scraps overseas debt quotas after capital outflows worsen (The Business Times) China removed quotas for companies to raise funds in the overseas bond and loan markets, in a step that may help slow capital outflows spurred by a currency devaluation. The National Development and Reform Commission, China's top planning agency, will remove quota approval processes for foreign currency or yuan notes and loans with a term of more than one year, according to a statement on its website on Wednesday (Sept 16).


>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.

You can also comment using Facebook directly using he comment block below.

Econintersect Contributors


Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Take a look at what is going on inside of
Main Home
Analysis Blog
Democratic Development Lowers the Cost of Credit
Is Growing Household Debt An Economic Counter-Dynamic?
News Blog
Did The Dodd-Frank Act Make The Financial System Safer?
A Close Look At The Decline Of Homeownership - Part Five Of Five
Do Institutional Investors Chase Returns?
Infographic Of The Day: How To Survive A Deadly Snake Bite
Early Headlines: Global Mfg 1970-2010, No Refugee Spike, GOP Health Proposal Leak, GOP Town Halls, Trump's Debt Decrease, Macron Gains, China's $9 Trn Moral Hazard, Americans Oppose Wall And More
Premium Seats At Premium Events Equal Premium Prices
Earnings And Economic Reports: Week Starting 27 February 2017
Time Crystals: How Scientists Created A New State Of Matter
Cost Of War Against ISIS Reaches 11 Billion Dollars
What We Read Today 25 February 2017
Candid Camera Classic: Dirty Clean Words
How Reliable Are GDP Consensus Forecasts?
What You Don't Know About Your Policy Can Hurt You... Financially
Investing Blog
Snapchat Is In The Money Burning Business
Technical Thoughts: How To Buy The Dips
Opinion Blog
Why Winning The French Presidential Election Could Be A Poisoned Chalice
Unintended Consequences Of Corporate Tax Incentives
Precious Metals Blog
Deflation And Gold: A Contrarian View
Live Markets
24Feb2017 Market Close: Wall Street Rose From Session Lows To Close In The Green Near The Unchanged Line, Short-Term Indicators And Analysts Questioning Continuing Bull Run
Amazon Books & More

.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved