Key Economic News To Watch This Week: Nov. 14
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A quick preview of the key economic events for the upcoming week:
Italy hogged headlines last week, becoming the main player in the EU debt crisis. Greece’s debt woes and problems of finding a replacement to the newly resigned Prime Minister George Papandreou took a backseat as the drama enfolded for Italy.
A quick preview of the key economic events for the upcoming week:
Italy hogged headlines last week, becoming the main player in the EU debt crisis. Greece’s debt woes and problems of finding a replacement to the newly resigned Prime Minister George Papandreou took a backseat as the drama enfolded for Italy.
Italy, the third largest member of the EU, is on the verge on bankruptcy – something the EU cannot afford. The resignation of Silvio Berlusconi has restored some confidence in global markets, but it did not stop Italian borrowing costs (bond yields) from reaching historical highs of 7.5 percent.
Monday, 14 November
European Union foreign ministers meet in Brussels, with ‘Arab Spring’ events in Syria, Libya, Tunisia and Yemen taking high priority on the agenda.
Euro Finance Week, a series of conferences on finance, pensions, risk management and property, begins in Frankfurt.
David Cameron gives the traditional UK prime minister’s speech on world affairs at the Lord Mayor of London’s banquet.
Tuesday, 15 November
The European Commission in Brussels is set to propose a set of changes and new guidelines for credit rating agencies.
Related: Appetite for self-destruction: Have rating agencies lost the plot?
The Women at the Top conference takes place in Shanghai, bringing international executives together to discuss the role and contribution of women in business.
Related Story: Women at work: Moving towards parity
Related: Survey finds one in five women never had a mentor
Related Infographic: Women are finally taking over
Climate Finance is a two-day conference in London analysing ‘green’ investment banks, environmental bonds and other financial instruments that can help counter the effects of climate change.
Related: Australia green lights pay-to-pollute tax
Related Infographic: Why green products are not as green as they claim to be
The U.S. releases retail sales figures for October, an indicator of how American consumers held up as the fourth quarter got underway. Analysts are expecting a 0.3 percent gain, a strong pullback from September’s 1.1 percent gain.
Wednesday, 16 November
Governors of the central banks of the Organisation of Islamic Co-operation member states meet in Kuala Lumpur.
Related: Islamic banking and Islamic banks
Thursday, 17 November
Leaders of the 10 member-states of the Association of Southeast Asian Nations (ASEAN) hold a summit in Bali.
The Africa Partnership Forum, which assembles representatives of the continent and international development partners, meets in Ethiopia to discuss economic growth. Sessions will focus on regulation, investment, infrastructure, and climate change.
Related: Africa rising: Can the “dark continent” outshine its former colonial masters?
Saturday, 19 November
Leaders of leading nations including the US, China, Russia, India and Japan take part in the East Asia Summit in Bali. In total, 18 nations take part in the assembly.
Sunday, 20 November
Spain holds a general election, in which the opposition centre-right Popular party is expected to win.
The US-China Joint Commission on Commerce and Trade begins two days of negotiations in Chengdu, China. The US delegation will be pressing for greater access for US exports and also discussing intellectual property rights, investment and innovation.
Related: US and China outline competing trade agendas at APEC summit
Related: China under immense pressure to appreciate yuan
Related: China sees rapid growth in imports as export growth slows
Related: Sino-American power play: Why China has to buy US debt
