Hints and tips:
...The vast potential of India’s economy, now the world’s fifth-largest and soon set to overtake Germany and Japan as the third-largest, is a polarising topic that can leave anyone following the country’s progress...
...Economics The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, by Mohamed El-Erian, Yale, RRP£18.99/Random House, RRP$28 Central banks saved the world economy from collapse...
...at Fifth Third, Barclays, Regions Financial, Wells Fargo, Citi, UBS, US Bancorp, Goldman, JPMorgan and PNC Financial....
...It accounts for nearly half of the global stock of international debt securities. It is the form in which central banks hold more than 60 percent of their foreign currency reserves…....
...The capital of these banks is shared by the Central Government, sponsor banks and State Governments. The banks were last capitalised in 2006-07....
...But there was better news from Darden Restaurants, the owner of the Olive Garden and Red Lobster chains which beat analysts’ forecasts for its third quarter earnings....
...The oil companies PetroChina and Sinopec, which together account for about one-fifth of Shanghai’s capitalisation, fell the most....
...And fifth, there is renewed confidence in the lira and in the central bank....
...The Middle East represented another third of the current account surplus of emerging market countries and the Commonwealth of Independent States (principally Russia) close to a further fifth....
International Edition