FAST NEWS: BUSINESS

Pakistan can lead milk market if it controls animal diseases

<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrv-8Zm9q2AWZd6ERyP7F9gBX-nmliDcbk1YWBzyhcr4ligZtWEKbQsHj_y4WyN6F3X2DOzHRQKE3Dr1PCNyXqtB8sC9z4GPjgJZhT_Og1tkPgeWZ2fRuVhbILmMxe-Vxufq8o1_bXB-U/s1600/200843_68634245.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrv-8Zm9q2AWZd6ERyP7F9gBX-nmliDcbk1YWBzyhcr4ligZtWEKbQsHj_y4WyN6F3X2DOzHRQKE3Dr1PCNyXqtB8sC9z4GPjgJZhT_Og1tkPgeWZ2fRuVhbILmMxe-Vxufq8o1_bXB-U/s1600/200843_68634245.jpg" /></a></div>
<br />
<br />
ISLAMABAD (Online) - US Animal Health Attaché Dr David Ashford says 
Pakistan can lead the milk producing market around the globe if it 
succeeds in controlling Foot-and-Mouth disease.<br />
In an interview with Radio Pakistan Haroon Baloch‚ David Ashford said
 35 to 50 percent of all animals are exposed to the Foot-and-Mouth 
disease virus by the time they reach one-year of age.<br />
He said the number is high‚ which is why the United States is dedicated to help Pakistan control this disease.<br />
He said milk is an important source of food not only in Pakistan‚ but
 also in rest of the world. However‚ presence of foot-and-mouth disease 
in Pakistan prohibits its exports.<br />
Referring to the recent livestock studies done in the country‚ he 
suggested a single buffalo affected by FMD virus costs the farmer over 
eighteen thousand rupees for six months of milk production.<br />
He stressed the need to a national program in place to control the 
disease that would include a strong veterinary service‚ effective 
national vaccination‚ animal movement control with inspection and 
certification of vaccination.<br />
US Department of Agriculture with assistance of Food and Agriculture 
Organization and Government of Pakistan has set up essential diagnostic 
capacities to confirm FMD infection in public laboratories in all 
provinces.<br />
Currently‚ Pakistan is the fourth largest milk producer in the world 
despite the limited productions and lacking value-added facilities.<br />
According to Economic Survey of Pakistan 2012-13‚ contribution of 
livestock sector to agriculture value-added is over 55 percent and to 
the Gross Domestic Product is 11.9 percent.<br />
Widely considered as the economic engine of the country s economy‚ 
the sector has a huge potential to grow and only safe and standardized 
milk production of the country may improve the rankings among other milk
 producers in the world.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
</div>
</div>

Pakistan can lead milk market if it controls animal diseases

ISLAMABAD (Online) - US Animal Health Attaché Dr David Ashford says Pakistan can lead the milk producing market around the globe if it...

SBP announces monetary policy for next two months

<div dir="ltr" style="text-align: left;" trbidi="on">
KARACHI (<span class="adtext" id="adtext_3">Web Desk</span>) – Governor State Bank of Pakistan Yasin Anwar on Wednesday announced <span class="adtext" id="adtext_2">Monetary Policy</span> for next two months.<br />

The SBP policy rate has been increased by fifty base <span class="adtext" id="adtext_6">points</span> making it ten per cent.<br />

<span class="adtext" id="adtext_7">Governor</span> State Bank said that the decision to increase the policy rate has been taken due to increasing inflation in the country.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4gUk0DLkZ52f2sxK-r1aToPot2eMSYtC6wCmqHYMiH4gFNc4PwfRv3hOW5yWhG_dzicbwtT9SU572ZojHMMspAYnVerJmTVlZ9iuOKTMhaVqwe9rfu-4GEAxiHyypPB_Y76_lOzMr9pE/s1600/200711_38624528.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg4gUk0DLkZ52f2sxK-r1aToPot2eMSYtC6wCmqHYMiH4gFNc4PwfRv3hOW5yWhG_dzicbwtT9SU572ZojHMMspAYnVerJmTVlZ9iuOKTMhaVqwe9rfu-4GEAxiHyypPB_Y76_lOzMr9pE/s320/200711_38624528.jpg" width="320" /></a></div>
</div>

SBP announces monetary policy for next two months

KARACHI ( Web Desk ) – Governor State Bank of Pakistan Yasin Anwar on Wednesday announced Monetary Policy for next two months. The SBP p...

ECC delays decision to ban onion, tomato export

<div dir="ltr" style="text-align: left;" trbidi="on">
(Web Desk) - The Economic Coordination Committee at its meeting in 
Islamabad today (Wednesday) reviewed the prices of essential 
commodities. <br />

The meeting was chaired by Finance Minister Ishaq Dar.<br />

The committee postponed the decision to ban export onions and 
tomatoes, however, prices of tomatoes will monitored during this week.<br />

The meeting decided to take appropriate steps for bringing the prices
 of essential commodities including tomatoes and onion down.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1DskEhVZTPFaZSLUMAt_vcKxvpEROnuPNZ9oA_na9QzK7jt2VxCs1fZodwRdBfcQc3XDN39oTeOWQe_NoOMQP9e685oFOFIGxq9vVOrIJsivALvX4IGy_MWtemXhH29qOlNQVBQwz7CM/s1600/200672_90028525.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1DskEhVZTPFaZSLUMAt_vcKxvpEROnuPNZ9oA_na9QzK7jt2VxCs1fZodwRdBfcQc3XDN39oTeOWQe_NoOMQP9e685oFOFIGxq9vVOrIJsivALvX4IGy_MWtemXhH29qOlNQVBQwz7CM/s320/200672_90028525.jpg" width="320" /></a></div>
</div>

ECC delays decision to ban onion, tomato export

(Web Desk) - The Economic Coordination Committee at its meeting in Islamabad today (Wednesday) reviewed the prices of essential commoditi...

Oil prices rebound in Asia

<div dir="ltr" style="text-align: left;" trbidi="on">
SINGAPORE (AFP) - <span class="adtext" id="adtext_3">Oil prices</span>
 rebounded in Asia Wednesday as traders pounced after sharp falls the 
previous day on forecasts of surging production in the United States, 
analysts said.<br />

New York's main contract, <span class="adtext" id="adtext_2">West Texas</span>
 Intermediate (WTI) for December delivery, was up 10 cents at $93.14 a 
barrel in afternoon trade, while Brent North Sea crude for December 
gained 29 cents to $106.10.<br />

WTI tumbled $2.10 in New York and Brent eased 59 cents after the 
International Energy Agency forecast the United States would become the 
world's top oil producer by 2015 thanks to booming <span class="adtext" id="adtext_6">shale oil</span> output.<br />

In its annual World Energy Outlook report released Tuesday, the EIA 
also said the US, currently the world's top crude consumer, is moving 
"steadily towards meeting all of its energy needs from domestic 
resources by 2035".<br />

David Lennox, resource analyst at Fat Prophets in Sydney, told AFP 
that dealers "reacted strongly" to the prospect of flush US supplies, 
causing the decline in WTI <span class="adtext" id="adtext_8">prices</span> in New York.<br />

"Self-sufficiency in the United States was always on the horizon, but
 the timeline reported by the EIA really caused a shake-up for traders,"
 he said.<br />

Investors are keeping an eye on the West's attempts to forge a 
nuclear deal with Iran that could lead to a lifting of sanctions and 
release more of its oil into the <span class="adtext" id="adtext_5">global marketplace</span>.<br />

"I think traders realise that it will take a long time for a final 
completion of a deal regarding Iran as there are many parties involved 
and a lot of <span class="adtext" id="adtext_4">opposing views</span>," Lennox said.<br />

The US, one of the six major powers negotiating with Iran, on Tuesday warned that fresh sanctions on the <span class="adtext" id="adtext_7">Islamic republic</span> proposed by key lawmakers could derail the diplomatic effort and risk war.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVFJDXI5uRCp3FsTZwjVTkZe5gp4B946n3pLBIT2-GYBa_zL69tfgRBxMnSUn682d2Yp26fni90TwbNekIbY8ortoE_0vsTvWi4ItI6UK7poSRgCm64fUl7E8GmRZc9Sln7xE844UsjV4/s1600/200629_94487042.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVFJDXI5uRCp3FsTZwjVTkZe5gp4B946n3pLBIT2-GYBa_zL69tfgRBxMnSUn682d2Yp26fni90TwbNekIbY8ortoE_0vsTvWi4ItI6UK7poSRgCm64fUl7E8GmRZc9Sln7xE844UsjV4/s320/200629_94487042.jpg" width="320" /></a></div>
</div>

Oil prices rebound in Asia

SINGAPORE (AFP) - Oil prices rebounded in Asia Wednesday as traders pounced after sharp falls the previous day on forecasts of surging p...

Dollar edges down in Asia

<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
TOKYO (AFP) - The <span class="adtext" id="adtext_8">dollar</span> edged down in <span class="adtext" id="adtext_4">Asia</span> Wednesday, taking a breather from a <span class="adtext" id="adtext_3">rally</span> driven by speculation the Fed will soon start tapering its huge stimulus drive.<br />

The <span class="adtext" id="adtext_5">greenback</span> bought 99.45 yen in Tokyo midday trade, weakening from 99.62 yen in New York Tuesday afternoon.<br />

The euro strengthened to $1.3447 from $1.3433 while it bought 133.74 yen compared with 133.82 yen in US trade.<br />

Dealers are awaiting remarks Thursday from Janet Yellen, President <span class="adtext" id="adtext_1">Barack Obama</span> s nominee to succeed chairman Ben Bernanke at the Federal Reserve, said a senior dealer at a major bank in Tokyo.<br />

Some investors want to push the dollar above the 100-yen mark but 
"many of us just don t want to make aggressive moves before we confirm 
Ms Yellen makes no negative surprises", the dealer said.<br />

Yellen will appear before US senators Thursday to defend her nomination.<br />

It comes as Fed policymakers debate whether the stimulus policy known
 as quantitative easing is still needed to support the world s largest 
economy.<br />

The central bank holds a regular two-day policy meeting next month after upbeat US data fuelled <span class="adtext" id="adtext_6">speculation</span> that the Fed could start tapering its $85-billion-a-month bond-buying programme before year s end.<br />

Traders also are awaiting eurozone <span class="adtext" id="adtext_2">industrial production</span> figures for September, due later Wednesday, which will be followed by July-September economic growth data on Thursday.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixWj3qZXszNfrkqzyanmfz-eJR47_m6Rwh6WSxCcRMrgsh4zyn4s0jGX80iC4L_iIvLJ3UGHO5ydLIEuufIhDKNk_xgdaTkyenf8607DpOvMt6deci-qXPDQYhR1QDIBr-4Mcmmuogw5s/s1600/200620_16568215.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixWj3qZXszNfrkqzyanmfz-eJR47_m6Rwh6WSxCcRMrgsh4zyn4s0jGX80iC4L_iIvLJ3UGHO5ydLIEuufIhDKNk_xgdaTkyenf8607DpOvMt6deci-qXPDQYhR1QDIBr-4Mcmmuogw5s/s320/200620_16568215.jpg" width="320" /></a></div>
</div>

Dollar edges down in Asia

TOKYO (AFP) - The dollar edged down in Asia Wednesday, taking a breather from a rally driven by speculation the Fed will soon start tap...

Wheat production target set at half crore ton

<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: 14px;"><span style="font-family: georgia,serif;">Islamabad:
 Federal government in the current year has set a target of half crore 
ton for the production of wheat.<br />
<br />
Target of wheat production was set in the meeting chaired by Federal 
Secretary of National Food Security and Research Seerat Asghar in 
Islamabad. In the meeting representatives of irrigation and agriculture 
ministry’s from all four provinces were present. In the meeting it was 
highlighted that during the Rabi season this year more rain is expected,
 due which there would be no shortage of water.</span></span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSnfYORHl93zHOtk_hlKqjBNqeFybhixlNnqeES_gst24FUqRwrIyEVNuc5VGeTy89QJtjOdswSkyUXpMjidX8wPSGcuT7m-rr2JNJSfGRSAdzZrQG74unQXzNMa9RII-DboHoZ8rNYtg/s1600/grain-production.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="235" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSnfYORHl93zHOtk_hlKqjBNqeFybhixlNnqeES_gst24FUqRwrIyEVNuc5VGeTy89QJtjOdswSkyUXpMjidX8wPSGcuT7m-rr2JNJSfGRSAdzZrQG74unQXzNMa9RII-DboHoZ8rNYtg/s320/grain-production.jpg" width="320" /></a></div>
<br />
</div>

Wheat production target set at half crore ton

Islamabad: Federal government in the current year has set a target of half crore ton for the production of wheat. Target of wheat produ...

Sugarcane crushing season to start soon

<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-size: 14px;"><span style="font-family: georgia,serif;">Karachi: Crushing season of sugarcane in Sindh to start on 20h November, whereas, in Punjab it will start on 25<sup>th</sup> November Sugar mill owners announced.<br />
<br />
 This decision was taken so that soon after the crushing of sugarcane, 
cultivation of wheat could be made possible. According to the 
spokesperson of Kissan Board Pakistan, the crushing of sugarcane could 
not have been started so far whereas; the crops of sugarcane are ready 
for ripping on hundreds of thousands of acres area. Due to this, the 
cultivation of wheat is expected to be affected badly. If the crushing 
will not be started on time then the cultivation of wheat would be 
difficult for farmers and expensive too, as farmers would need excessive
 seeds for cultivation.<br />
<br />
The delay can also effect the expected production of wheat as well. 
Farmers have demanded from the government to start the crushing of 
sugarcane as soon as possible.</span></span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSINuEgcF-Xnv_-_GAVT0nFdNg-_L8OCYlU3c59mvKIzqd_1NJeRNYRRyOfPAWq-dvbHcBfPEFlA4e_HsgSdAjYVg7s86O0FCWn1YcJXXjVBdLTDHQwRYVbhNBAjUD8mirt9R3Vnf4dgs/s1600/mills-purchased-21-24m-tons-of-sugarcane-in-current-season-1362342146-8057.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSINuEgcF-Xnv_-_GAVT0nFdNg-_L8OCYlU3c59mvKIzqd_1NJeRNYRRyOfPAWq-dvbHcBfPEFlA4e_HsgSdAjYVg7s86O0FCWn1YcJXXjVBdLTDHQwRYVbhNBAjUD8mirt9R3Vnf4dgs/s320/mills-purchased-21-24m-tons-of-sugarcane-in-current-season-1362342146-8057.jpg" width="320" /></a></div>
</div>

Sugarcane crushing season to start soon

Karachi: Crushing season of sugarcane in Sindh to start on 20h November, whereas, in Punjab it will start on 25 th November Sugar mill own...

Fall in Pakistan investment cause of concern: IMF

<div dir="ltr" style="text-align: left;" trbidi="on">
WASHINGTON (Online) - International Monetary Fund has expressed its 
concern over the decline in investment in Pakistan bringing the 
country’s foreign exchange reserves under pressure.<br />

IMF in its report released here said that Pakistan’s growth rate 
could remain at 2.75 percent during the current fiscal year, while the 
high expenditure and low income could result in the financial deficit to
 gross domestic product at 5.5 percent.<br />

Economic analysts said that the restoration of peace and resolving 
the energy crisis could increase investment in the country and, thereby,
 with the rise in exports the forex reserves could also improve.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhujxZME91KbwAX-Vt4QfqUMcYtD7X0mTQUhMfOXxNDzYdrEXNo0fqSZpNAk5AD0KCbvScLG0bieKmCpnbH_mKE1Wt9lB8XTp23xS0Sk53cGQ5lbR3xfDJsuyuVgWmyqDEp9wARxPGDPE8/s1600/200550_22394411.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhujxZME91KbwAX-Vt4QfqUMcYtD7X0mTQUhMfOXxNDzYdrEXNo0fqSZpNAk5AD0KCbvScLG0bieKmCpnbH_mKE1Wt9lB8XTp23xS0Sk53cGQ5lbR3xfDJsuyuVgWmyqDEp9wARxPGDPE8/s320/200550_22394411.jpg" width="320" /></a></div>
</div>

Fall in Pakistan investment cause of concern: IMF

WASHINGTON (Online) - International Monetary Fund has expressed its concern over the decline in investment in Pakistan bringing the count...

Motorola plans lower-cost phone amid weak sales of Moto X

<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="news_detail" id="ctl00_ContentPlaceHolder1_lblNewsDetail">FORT
 WORTH: Texas: Google Inc's Motorola unit is expected to unveil a 
relatively low-cost phone on Wednesday, amid weak sales of its flagship 
Moto X model, the Wall Street Journal reported, citing people familiar 
with the matter.<br /><br />Details of the new, cheaper Moto G leaked out 
over the weekend, when a version appeared on Amazon.com's UK website at a
 price of 160 pounds, without a contract from a cellphone carrier. In 
the United States, the phone would be cheaper, the journal reported.<br /><br />The
 Moto G, which will be formally introduced at an event in Brazil on 
Wednesday, arrives amid disappointing early sales data for the Moto X, 
the newspaper said.<br /><br />Meanwhile, Motorola on Monday cut the US 
price of its high-end Moto X with a two-year carrier contract to $100 
from $200, as sales of that device have proven disappointing, the 
journal said.<br /><br />Motorola could not immediately be reached for comment by Reuters outside of regular US business hours. – Reuters</span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://samaa.tv/NewsPictures/20131112125147_samaa_tv.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="220" src="http://samaa.tv/NewsPictures/20131112125147_samaa_tv.jpg" width="320" /></a></div>
</div>

Motorola plans lower-cost phone amid weak sales of Moto X

FORT WORTH: Texas: Google Inc's Motorola unit is expected to unveil a relatively low-cost phone on Wednesday, amid weak sales of its ...

Oil prices rise after Iran nuclear talks stall

<div dir="ltr" style="text-align: left;" trbidi="on">
NEW YORK CITY (AFP) - Oil prices rose on Monday after marathon talks 
in Geneva aimed at convincing Iran to curb its disputed nuclear program 
ended without an agreement.<br />

Nevertheless, negotiators said they drew closer to a long-elusive 
deal, which could ease sanctions on Tehran and bring the major oil 
producer back into the global market.<br />

Weekend economic data from China was also bullish for the market, 
showing the economy of the huge oil importer is still growing steadily 
with no particular signs of weakness.<br />

New York traded for only a half-day to mark the Veterans Day holiday,
 with the main contract, West Texas Intermediate (WTI) for December 
delivery, gaining 54 cents to close at $95.14 a barrel.<br />

In London trade, Brent North Sea crude for December climbed $1.28 cents to $106.40 a barrel.<br />

After years of stalemate, nuclear talks between world powers and 
Tehran were tantalizingly close to a breakthrough which could bring 
Iranian oil back onto the market, potentially pushing prices lower.<br />

The two sides failed to close a deal at the weekend, but the marathon
 talks saw the top US and Iranian diplomats meet for seven hours, a 
duration unprecedented for decades after the 1979 Iranian revolution. <br />

The P5+1 group of major powers -- Britain, France, the United States,
 Russia, China plus Germany -- plan to meet again with Iranian delegates
 on November 20 with the hope of securing a short-term deal that would 
freeze the country's nuclear activities while both sides work on a 
comprehensive agreement.<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://img.dunyanews.tv/news/2013/November/11-12-13/news_big_images/200434_44177570.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="http://img.dunyanews.tv/news/2013/November/11-12-13/news_big_images/200434_44177570.jpg" width="320" /></a></div>
</div>

Oil prices rise after Iran nuclear talks stall

NEW YORK CITY (AFP) - Oil prices rose on Monday after marathon talks in Geneva aimed at convincing Iran to curb its disputed nuclear progr...

World economy being sustained by extraordinary aid

<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
WASHINGTON (AP)  Five years after a global financial crisis erupted, the world's biggest economies still need to be propped up.<br />

They're growing and hiring a little faster and creating more jobs, 
but only with extraordinary aid from central banks or government 
spending. And economists say major countries may need help for years 
more.<br />

From the United States to Europe to Japan, central banks are pumping 
cash into economies and keeping loan rates near record lows. Even 
fast-growing China has rebounded from an uncharacteristic slump with the
 help of government money that's poured into projects and made loans 
easily available from state-owned banks.<br />

For now, thanks in part to the intervention, the world economy is 
improving. The International Monetary Fund expects global growth to rise
 to 3.6 percent in 2014 from 2.9 percent this year.<br />

The improvement "does not mean that a sustainable recovery is on firm
 footing," Angel Gurria, secretary-general of the Organization for 
Economic Cooperation and Development, warned last month. He said major 
economies will need stimulus from "extraordinary monetary policies" to 
sustain momentum into 2014. Many economists think stimulus will be 
needed even longer.<br />

Yet these policies carry their own risks: Critics, including some of 
the Fed's own policymakers, note that the cash the central banks are 
pumping into the global financial system flows into stocks, bonds and 
commodities like oil. Their prices can escalate to unsustainable levels 
and raise the risks of a market crash.<br />

Other analysts warn that the easy-money policies could cause runaway inflation in the future.<br />

Here's a look at how the world's major economies are faring:<br />

UNITED STATES<br />

The U.S. economy grew at an unexpectedly solid 2.8 percent annual 
pace from July through September, though consumers and businesses slowed
 their spending. And U.S. employers added a surprising strong 204,000 
jobs in October.<br />

The Fed has been debating whether hiring is healthy enough to justify
 slowing its monthly bond purchases. Despite the solid October jobs 
report, most economists think the Fed won't reduce its bond buying 
before early next year.<br />

Janet Yellen, who faces a confirming hearing this week for her 
nomination to lead the Fed starting in January, is expected to sustain 
its low-rate policies.<br />

Even at reduced levels, the bond purchases would continue to 
stimulate the economy by adding money to the financial system and 
lowering loans rates to encourage borrowing and spending. The Fed's 
purchases have helped offset U.S. government spending cuts.<br />

Nariman Behravesh, chief economist at IHS Global Insight, thinks the 
U.S. economy will be strong enough to manage without any help from Fed 
bond purchases by the end of 2014. He sees the Fed raising short-term 
rates, which it's kept at a record low near zero since late 2008, 
sometime in 2015.<br />

But weaning the U.S. economy off Fed support, he says, is "tricky ...
 If you do it too slowly, you could ignite inflation. If you do it too 
quickly, you run the risk of killing the recovery."<br />

EUROPE<br />

After enduring two recessions since 2009, the 17 countries that use 
the euro currency are expected to eke out their second straight quarter 
of growth from July through September. But many economists say the 
eurozone's growth might not meet even the feeble 0.3 percent quarterly 
pace achieved from April through June. The latest quarterly figure will 
be announced Thursday.<br />

The European Central Bank surprised investors last week by cutting 
its benchmark refinancing rate to a record 0.25 percent. It acted after 
economic reports exposed the weakness of the recovery. Inflation last 
month was a scant 0.7 percent. That raised the risk of deflation a 
prolonged drop in wages, prices and the value of assets like stocks and 
homes.<br />

The rate cut "signals that the ECB is not prepared to accept the risk
 that the euro area falls into deflation," says Jacob Kirkegaard, senior
 fellow at the Peterson Institute for International Economics.<br />

"Once prices begin to fall, you start to see consumers and businesses 
change their behavior," Kirkegaard says. "Why should you buy a car today
 if the price of the car is going to fall tomorrow? Falling into the 
trap can be very difficult to get out of."<br />

JAPAN<br />

Japan's economic recovery has gained momentum since Prime Minister 
Shinzo Abe took office in late 2012. Under "Abenomics," the government 
and central bank have injected money into the economy through stimulus 
spending and rate cutting. The economy grew at a robust 3.8 percent 
annual rate from April through June.<br />

But economists worry about whether the recovery can be sustained and 
whether Japan can grow enough to make up in tax revenue what it's 
spending on stimulus.<br />

Noriko Hama, a professor at Kyoto's Doshisha University, contends 
that only higher wages and rates will give people the income and 
confidence they need to spend more and restore the economy's health.<br />

Like the Fed, the Bank of Japan could struggle with how to time and 
carry out a reversal of its easy money policy once the economy improves 
or if inflation or asset bubbles emerge as a threat.<br />

"They have placed themselves in a very difficult situation indeed," Hama says. "It's a double-edged sword."<br />

CHINA<br />

China's economy grew at a two-decade low of 7.5 percent in the three 
months that ended in June compared with a year earlier. That's still a 
vigorous pace compared with the developed economies of Europe, the 
United States and Japan. But for China, it marked a slowdown, and 
Beijing launched a mini-stimulus program, spending on railway 
construction and other public works.<br />

It worked: Growth edged up to 7.8 percent from July through September from a year earlier.<br />

Yet some economists doubt the gains in China will last.<br />

"I can't see the rebound lasting for very much longer, because it has
 been driven by government projects," says Mark Williams of Capital 
Economics.<br />

In the latest quarter, more than half the reported growth was due to 
investment, not trade or consumption. Many economists say China's 
continued reliance on government-led investment is dangerous. It 
threatens to produce factories that make goods no one wants and unneeded
 real estate developments that can't repay loans.<br />

China responded to the 2008 global crisis by ordering its banks to 
open their lending spigots. The recovery has been underpinned by a surge
 in borrowing, which is up 20 percent this year.<br />

China's central bank has warned that the aggressive lending is unsustainable and could cause bad loans to pile up dangerously.<br />

"I think we're going to see policymakers try to crack down on credit in the next few months," Williams says.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://img.dunyanews.tv/news/2013/November/11-12-13/news_big_images/200491_20100366.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="http://img.dunyanews.tv/news/2013/November/11-12-13/news_big_images/200491_20100366.jpg" width="320" /></a></div>
</div>

World economy being sustained by extraordinary aid

WASHINGTON (AP) Five years after a global financial crisis erupted, the world's biggest economies still need to be propped up. The...

Dollar slips vs euro after rally; outlook still upbeat

<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="news_detail" id="ctl00_ContentPlaceHolder1_lblNewsDetail">NEW
 YORK: The dollar fell on Monday after a two-day rise against the euro 
as investors locked in gains, but its prospects remained upbeat on 
expectations the Federal Reserve might scale back its stimulus program 
sooner than thought following a strong U.S. jobs report.<br /><br />A U.S. 
government holiday on Monday kept many investors on the sidelines and 
volumes low. While the euro managed to recoup some of its losses, 
analysts cautioned against reading too much into Monday's trading.<br /><br />The
 overall expectation is for the dollar to perform favourably against the
 euro following a shock interest-rate cut from the European Central 
Bank, and a blockbuster U.S. jobs number last week. That robust 
employment figure has everybody talking about a December reduction in 
the Fed's bond buying, which should be positive for the greenback 
because it means there would be fewer dollars in the financial system.<br /><br />"Actual
 or expected tapering will be positive for the dollar. Further delays of
 tapering will alter the path but not the ultimate level of the dollar: 
higher than here," said Stephen Jen, co-founder of London-based 
investment firm SLJ Macro Partners.<br /><br />The euro rose to $1.3416 on 
lower-than-usual volumes, but gains were capped as investors began to 
sell from around $1.3400 through to $1.3410. The euro hit a two-month 
low of $1.3295 last Thursday after the ECB cut its main interest rate to
 a record low 0.25 percent.<br /><br />The euro-zone currency was last trading up 0.3 percent at $1.3414.<br /><br />"We
 think this latest bounce in the euro is setting up potentially good 
opportunities to enter new shorts against the dollar and sterling, and 
against the higher-yielding commodity bloc currencies," said Vassili 
Serebriakov, currency strategist, at BNP Paribas in New York.<br /><br />Against the yen, the dollar gained 0.1 percent to 99.19 yen.<br /><br />The
 dollar index slipped 0.3 percent to 81.061 after setting a two-month 
high at 81.482 following Friday's report showing U.S. employers added 
204,000 jobs in October - well above the forecast for an increase of 
125,000 jobs.<br /><br />The data was even more surprising as it came in a 
month when a budget standoff in Washington forced a 16-day government 
shutdown, suggesting the U.S. economic recovery was on a firmer footing 
than previously thought.<br /><br />As a result, U.S. Treasury yields rose, 
with the gap between two-year U.S. Treasuries and their German 
counterparts at its widest since mid-July. U.S. bond markets were shut 
on Monday and with yields rising quickly in the past week, some expect 
Treasuries to consolidate.<br /><br />The benchmark 10-year U.S. Treasury 
note's yield was also near a two-month high as some investors brought 
forward to December their expectations for when the Fed will start to 
withdraw its stimulus.<br /><br />That underpinned the dollar as rising 
yields make a currency more attractive to hold. After the government 
shutdown, most had pushed back the Fed's "tapering" expectations to 
March 2014.<br /><br /><b>SELL THE EURO</b><br />Speculators have 
cut long euro positions, and this trend could gather momentum with the 
euro zone facing a prolonged period of slowing inflation. That could see
 the ECB deploying more aggressive monetary easing instruments.<br /><br />"We
 think investors are caught long near $1.3450, with euro/dollar primed 
for a move toward $1.32 - a level euro-zone and U.S. two-year yield 
differentials would point toward," said Chris Turner, chief currency 
strategist at ING in London.<br /><br />Just $2.89 billion in euros traded 
on Monday, according to Reuters Dealing data , making it the 
lowest-volume day for the euro since Oct. 21.<br /><br />Although the ECB's 
rate-setting committee was split about Thursday's decision to cut rates,
 Executive Board member Benoit Coeure said on Saturday that the bank 
could trim interest rates further and provide more liquidity.--REUTERS</span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJIm5dcNLVUJwhyewVm0R2BY6v8_zp90cq1JZA6stMqkQHNIH6Jua7apd0TPlrSt_Rgu-rov9kRCpSJeTBCYidxPNrHfh3SUWrljcVy8zlRMaMTRDxXwXqjP2y8JbD1709N6EZlXH79gk/s1600/201311123740_samaa_tv.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJIm5dcNLVUJwhyewVm0R2BY6v8_zp90cq1JZA6stMqkQHNIH6Jua7apd0TPlrSt_Rgu-rov9kRCpSJeTBCYidxPNrHfh3SUWrljcVy8zlRMaMTRDxXwXqjP2y8JbD1709N6EZlXH79gk/s320/201311123740_samaa_tv.jpg" width="320" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
</div>
</div>

Dollar slips vs euro after rally; outlook still upbeat

NEW YORK: The dollar fell on Monday after a two-day rise against the euro as investors locked in gains, but its prospects remained upbeat...

Surprise tactics sweep central banking

<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="news_detail" id="ctl00_ContentPlaceHolder1_lblNewsDetail">LONDON:
 After slashing interest rates to almost nothing and printing trillions 
of dollars, central banks are becoming increasingly reliant on another 
policy weapon: sucker punching markets.<br /><br />The European Central Bank
 shocked investors and forecasters last Thursday by cutting its main 
refinancing rate to a record low, reacting to a shock decline in 
inflation.<br /><br />It was the second big central bank surprise in less 
than two months, after the U.S. Federal Reserve decided in September not
 to trim its monthly bond purchase stimulus.<br /><br />And beyond the immediate impact on financial markets, central banks' shock therapy tactics have also had a lasting effect.<br /><br />The
 yield on the U.S. 10-year Treasury bond -- one measure of government 
borrowing costs -- fell sharply in the aftermath of the Fed's decision, 
and it shows no signs of revisiting September's peaks for the year any 
time soon.<br /><br />The ECB's rate cut helped weaken the euro more than 1 
percent against the dollar, and most economists polled by Reuters reckon
 it will put the currency on a firmly lower path from here -- huge help 
for the fragile euro zone recovery. <ECB/INT><br /><br />With scant 
room left to cut interest rates again and appetite for more rounds of 
money printing waning, economists say surprising markets will 
increasingly feature in policymaking.<br /><br />"It makes sense that with 
the artillery becoming depleted, central banks want more bang for their 
buck now. One way of doing that is to launch surprises in markets," said
 Philip Shaw, chief economist at Investec in London.<br /><br />"It wouldn't
 be a shock if the ECB was pleased that it surprised markets," he added,
 noting the ECB managed this without breaking its guidance to keep 
interest rates low or lower for an extended period of time.<br /><br />AN OLD TOOL, BUT A GOOD ONE<br /><br />Jolting markets with an unexpected decision has always been in the central bankers' toolkit.<br /><br />Germany's
 Bundesbank, for instance, was famed for its sudden moves when it set 
monetary policy for Europe's biggest economy in the pre-euro days, said 
Elwin de Groot, senior market economist at Rabobank in Amsterdam.<br /><br />But there are good reasons why bolt-from-the-blue policy moves are even more effective today.<br /><br />"In
 recent years, the trend in central bank policymaking has been for more 
transparency, more guidance, and trying not to surprise the market," 
said de Groot.<br /><br />"But occasionally you can surprise, and it works 
better. It keeps the market sharp; it sends a strong signal to the 
market that its assumptions were wrong."<br /><br />This year has been peppered with such instances.<br /><br />Back
 in April, economists expected the Bank of Japan would ease policy -- 
but few dreamed it would unveil a plan to unleash $1.4 trillion worth of
 monetary stimulus into the economy over less than two years.<br /><br />And wrong-footing markets has become a defining policy tool for the ECB since Mario Draghi became its president.<br /><br />The ECB cut rates unexpectedly at the first meeting where Draghi was in charge, two years ago this month.<br /><br />His
 shock announcement last July that the ECB would take on rising 
government borrowing costs and do "whatever it takes" to save the euro 
proved decisive in easing the region's debt crisis.<br /><br />It remains to be seen whether Draghi's incoming counterpart at the Fed, Janet Yellen, will share his penchant for surprise.<br /><br />Markets
 might get a better sense of that when the U.S. Senate Banking Committee
 vets Yellen's nomination as Fed chairman on Thursday to replace Ben 
Bernanke, whose term expires on January 31.<br /><br />In a quiet week for 
international economic data, focus will also rest on the Bank of 
England's quarterly Inflation Report outlook for the UK economy, due on 
Wednesday, the second since Mark Carney's appointment as governor.<br /><br />"What
 markets will be looking for is where the new forecasts lie, and in 
particular, where the Monetary Policy Committee views the unemployment 
rate is going," said Investec's Shaw.<br /><br />The Bank of England left 
interest rates at record lows on Thursday, but is likely to suggest next
 week that borrowing costs could rise sooner than it had forecast as the
 economic recovery gathers pace..--REUTERS</span><br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://samaa.tv/NewsPictures/2013111121115_samaa_tv.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://samaa.tv/NewsPictures/2013111121115_samaa_tv.jpg" /></a></div>
</div>

Surprise tactics sweep central banking

LONDON: After slashing interest rates to almost nothing and printing trillions of dollars, central banks are becoming increasingly relian...

PepsiCo to invest $5 billion in India

<div dir="ltr" style="text-align: left;" trbidi="on">
NEW DELHI (AFP) - US soft drinks giant PepsiCo announced Monday it 
would invest more than $5 billion with its partners in India to raise 
production, saying it had only "scratched the surface" of the Asian 
giant s potential.<br />

PepsiCo said the investment by 2020 in India, one of its largest 
markets globally, would strengthen its capabilities in such areas as 
manufacturing, infrastructure and agriculture.<br />

"India is a country with huge potential and it remains an attractive,
 high-priority market for PepsiCo," said PepsiCo chairman Indra Nooyi.<br />

"We ve built a highly successful business in India over the course of
 many years, and we believe we ve only scratched the surface of the 
long-term growth opportunities that exist for PepsiCo," she said. "This 
investment is PepsiCo s vote of confidence in India s future," she said 
in a statement.<br />

The announcement is welcome news for the embattled Congress-led 
government, which has been struggling to attract foreign direct 
investment in the face of corruption scandals, a weakening rupee and 
slowing economic growth.<br />

PepsiCo and its bottling partners aim to more than double production 
capacity in India by 2020. They currently have some 38 bottling plants 
and three food plants in the country.<br />

Last year rival Coca-Cola Co said it would spend $5 billion in India over the next seven years to increase its operations.<br />

PepsiCo and Coca-Cola are competing to woo consumers in emerging 
markets including India and other parts of Asia, as well as the Middle 
East and Africa.<br />

India s increasingly affluent population of 1.2 billion is attracting
 global consumer companies despite the need to overcome bureaucracy and 
other hurdles.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://img.dunyanews.tv/news/2013/November/11-11-13/news_big_images/200391_29024527.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="http://img.dunyanews.tv/news/2013/November/11-11-13/news_big_images/200391_29024527.jpg" width="320" /></a></div>
</div>

PepsiCo to invest $5 billion in India

NEW DELHI (AFP) - US soft drinks giant PepsiCo announced Monday it would invest more than $5 billion with its partners in India to raise ...

China's FAW to produce 10,000 vehicles per year in Algeria

<div dir="ltr" style="text-align: left;" trbidi="on">
ALGIERS (AFP) - Chinese state manufacturer FAW is to build an 
assembly plant in Algeria producing 10,000 vehicles per year under an 
agreement signed with Arcofina, the private Algerian firm Arcofina told 
AFP.<br />

The agreement provides for an initial investment of five billion 
dinars ($61 million, 46 million euros), and Arcofina CEO Abdelouahab 
Rahim said that the figure will rise. <br />

To conform with Algerian law, Arcofina will own 51 percent of the 
plant and FAW 49 percent, with the aim of reducing the Chinese 
manufacturer's share to 40 percent after three years, Rahim said at the 
signing of the protocol. <br />

He said it was an opportunity that "there are two manufacturers 
setting up at the same time" in Algeria, referring to Renault which in 
September began construction of a car plant in the western region of 
Oran.<br />

Renault had asked for a production monopoly in the country for at least three years, which was rejected.<br />

Launched in 1953, FAW employs 130,000 people worldwide producing buses, cars and lorries.<br />

In 2012, it had a turnover of $61 billion, according to company figures.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://img.dunyanews.tv/news/2013/November/11-10-13/news_big_images/200241_31491287.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="212" src="http://img.dunyanews.tv/news/2013/November/11-10-13/news_big_images/200241_31491287.jpg" width="320" /></a></div>
</div>

China's FAW to produce 10,000 vehicles per year in Algeria

ALGIERS (AFP) - Chinese state manufacturer FAW is to build an assembly plant in Algeria producing 10,000 vehicles per year under an agree...