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Output and new orders both down again, albeit at slower rates Weaker underlying demand and strong yen impact on export orders Charges cut at sharpest rate for over two years Summary: Operating conditions in Japan’s manufacturing sector continued to worsen at a modest pace in September.
The Financial Times reports France unveils tough budget measures The measures announced on Friday included the controversial 75 per cent marginal tax rate on earned income above €1m a year, put in place for two years. But, as promised by President François Hollande, France was largely spared the kinds of hefty cuts in public spending, pensions and salaries imposed in other eurozone countries struggling to contain their sovereign debt.
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Bloomberg reports Orders for U.S. Goods Excluding Transportation Unexpectedly Drop Orders for goods meant to last at least three years, excluding volatile demand for such things as airplanes and automobiles, fell 1.6 percent last month after a greater-than- previously estimated 1.3 percent decrease in July, the Commerce Department reported today in Washington.
Excerpt from: French Unemployment Tops 3 Million, First Time Since 1999
See the article here: Is China Burning? Shanghai Stock Index Breaks 2000 For First Time Since 2009; Reflections on Sentiment
Continued here: Firebombs, Teargas, Riots Near Greek Parliament; 57% Say Greece Should Abandon Pledges Made to Troika
And so it is … Smith Barney Officially Bites the Dust Morgan Stanley announced today that it has renamed its U.S.
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While the bickering between France, Germany, and the Troika continues, Greece grapples with shadow of Golden Dawn Golden Dawn, which won 7 per cent of the vote in June’s election and entered parliament for the first time, is on a roll, pulling established parties to the right – including Corinth’s socialists. Polls suggest the party has gained ground since the election as anxiety deepens over a possible Greek expulsion from the euro. A poll this week showed a near doubling in the number of people expressing “positive opinions†about Golden Dawn, up from 12 per cent in May to 22 per cent now.