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Hong Kong activist's newspaper column scrapped amid democracy row: media

published less than 1 hour ago
A well-respected Hong Kong newspaper has axed a weekly column by a political activist and hedge fund manager as the Asian financial center braces for a wave of protests against China's decision to rule out full democracy. Columnist Edward Chin Chi-kin was told by the Chinese-language Hong Kong Economic Journal on Friday that his half-page weekly column that he had written since 2006 would be canceled due to a new page design, the South China Morning Post reported on Tuesday. ... more

As woes mount, economic stats vanish in Venezuela

published about 2 hours ago
As woes mount, economic stats vanish in Venezuela
Prices keep rising in Venezuela, economic activity is sputtering and shops struggle to fill their shelves. The last time the central bank and the national statistics institute published the annual inflation figure was in May, when the indicator rose to 61 percent, the highest in Latin America. "This destroys the credibility of the central bank. There has never been this kind of a delay for as long as we have been measuring inflation," said economist Jose Guerra, a former economic ... more

Austerity debate flares as Europe recovery fades

published about 5 hours ago
Austerity debate flares as Europe recovery fades
FRANKFURT, Germany (AP) — Europe's economic recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do.

Iran's Zarif 'quite optimistic' of Iran nuclear agreement

published about 8 hours ago
Iran's Zarif 'quite optimistic' of Iran nuclear agreement
By Adrian Croft BRUSSELS (Reuters) - Iranian Foreign Minister Mohammad Javad Zarif voiced optimism after talks with European Union foreign policy chief Catherine Ashton on Monday that a dispute over Tehran's nuclear program can be resolved by a Nov. 24 deadline. "I am quite optimistic after discussions with Lady Ashton that we can in fact resolve this issue in time," Zarif said after what he described as "good" talks with Ashton. "I hope with the readiness and political will that ... more

Central Bank says analysts cut Brazil growth forecast

published about 10 hours ago
Central Bank says analysts cut Brazil growth forecast
Brasília (AFP) - Market analysts have cut their 2014 growth forecast for Brazil after Latin America's largest economy entered recession, the country's Central Bank said Monday. Analysts canvassed by the Bank revised down their annual forecast from 0.7 percent to 0.52 percent after the national statistics institute had Friday shown second-quarter GDP falling for a second straight quarter. Just a month away from presidential elections which latest polls see incumbent Dilma Rousseff as losing to environmentalist Marina Silva in a ... more