Key Economic News to Watch this Week: September 24
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Events and meetings taking place within the European Union are expected to set the tone for global markets this week. In particular, speculation is rife about Spain’s formal bailout request. Over in Asia, China has called off all commemorative events marking the 40th anniversary of normalisation of bilateral ties with Japan.
Monday, September 24
Events and meetings taking place within the European Union are expected to set the tone for global markets this week. In particular, speculation is rife about Spain’s formal bailout request. Over in Asia, China has called off all commemorative events marking the 40th anniversary of normalisation of bilateral ties with Japan.
Monday, September 24
The EU Economic and Monetary Affairs Committee meet with financial experts and the Commissioners Barnier and Joaquin Almunia to discuss ways to fight market manipulation following the Libor/Eurobor scandal.
Related Story: Post-Libor – Why Bankers Now Face A Legitimacy Crisis: Simon Johnson
The Special Committee on Organised Crime, Corruption and Money Laundering will discuss how to fight corruption and fraud that harm the financial interests of the EU and what measures to take to pervert the misuse of EU funds.
Related Story: Black Money: The Business of Money Laundering
Over 1,300 participants from civil society, universities, businesses and governments will take up the question of whether multilateralism is in crisis at the World Trade Organisation’s annual Public Forum from 24 to 26 September.
International Monetary Fund Managing Director Christine Lagarde speaks on the state of the world economy at the Peterson Institute for International Economics.
Tuesday, September 25
Quartet of Egypt, Iran, Turkey and Saudi Arabia debate Syria at meeting in New York.
The UNCTAD Trade and Development Board holds a high-level session debating the evolution of the international trading system and its trends from a development perspective. Keynote speakers include Pascal Lamy, the Director-General of the World Trade Organisation.
The United Nations general assembly opens in New York this week with US President Barack Obama headlining the opening address.
Wednesday, September 26
South American – Arab countries business summit takes place in Peru for 3 days. Organisers say the summit will be a platform towards greater policy coordination and a ‘golden opportunity’ for countries in both regions to work towards sustainable development.
Thursday, September 27
China and Japan mark the 40th anniversary of normalisation of bilateral ties. However, China has postponed all commemorative events amid rising tensions over the disputed Diaoyu/Senkaku Islands.
Related News: China-Japan Territorial Dispute Hurts $340bn Trade Ties
Related News: Senior Chinese Government Advisor Calls For ‘Economic Attack’ On Japan
Friday, September 28
The European Ombudsman, Nikiforos Diamandouros, in cooperation with the Complaints Mechanism of the European Investment Bank is organising the seminar “Transparency and Accountability in International Development Banks” in the framework of the International Right to Know Day. The International Right to Know Day was established in 2003 by access to information advocates from around the world.
Related News: Draghi Promises to Increase Transparency of ECB
Related News: Corruption Helped Cause the Eurozone Crisis: Transparency International
