Fw: Financial Times in Brief (World News & Comment)

Thought all on these lists would find these headlines interesting.  One
after the other the headlines speak volumes about the current global
dynamics, including financial and economic fragility and potential
instability at this historical juncture.

Roz
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From: "FT.com in Brief - World News and Comment"
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Sent: Wednesday, July 18, 2001 1:41 AM
Subject: FT.com FT in Brief (World News & Comment)



ft in brief (world news and comment) - Text Newsletter
a News By E-mail service from ft.com
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Protest train halted in attempt to protect Genoa
A train scheduled to carry hundreds of anti-capitalist protesters to
Genoa was cancelled as European authorities moved to block the passage
of demonstrators converging on the Group of Eight summit later this
week.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562240

China boosted by jump in GDP and 'Olympics' effect
China has predicted that hosting the Olympic games in 2008 would spur
economic reform, create a more stable society and boost economic growth
by between 0.3-0.4 of a percentage point in each of the next seven
years.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562241

Citizens give EU the thumbs-down
Europe's citizens are disillusioned with the European Union, with less
than half approving of membership, trusting the Commission or backing
the EU's bold enlargement from 15 to as many as 27 member states.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562242

EU urges full speed on new trade round
International efforts to secure minimum labour standards must not be
allowed to muddy the agenda of the next round of world trade
liberalisation talks, the European Commission will warn on Wednesday.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562243

Bush seeks overhaul of World Bank loans policy
President George W. Bush has launched an ambitious attempt to overhaul
the World Bank's funding, proposing to replace up to half the bank's
loans with grants to the world's poorest countries.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562244

US industrial slide longest in 19 years
The US entered its ninth consecutive month of falling industrial output
in June, marking its longest industrial slump in nearly two decades,
according to figures released yesterday by the Federal Reserve.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562245

Mideast ceasefire crumbles steadily amid attacks
Israeli helicopters launched a missile attack in the West Bank town of
Bethlehem, killing four Palestinians, wounding at least 10 more and
delivering a body blow to a ceasefire deal that has steadily crumbled
in recent weeks.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562246

German banks set for big shake-up after aid reform
Germany and the European Commission have agreed that state-owned,
regional Landesbanks should be subject to ordinary competition rules, a
move that could transform Germany's financial sector.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562247

UK, Germany to push green farming
British and German agriculture ministers have promised to act together
to push through far-reaching reforms of European farming policy to
favour more environmentally sensitive production.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562248



Argentine opposition backs deal on economy
The Argentine government has won cautious support from the country's
opposition for its latest austerity package, pulling Argentina once
again back from the brink of financial collapse.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562253


Bank of Canada cuts rates to 4.25 per cent
Canada on Tuesday cut interest rates a quarter point to help bolster
the weakening economy. The cut takes the key bank rate to 4-1/2 per
cent and the target for the overnight rate to 4-1/4 per cent.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562255

Equitable trouble may hit faith in pensions
Ministers are concerned that the financial problems of Equitable Life
pensioners could deliver a blow to the government's stakeholder
pension. Nearly 1m with-profits policyholders saw their fund value drop
by 16 per cent.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562257

Berlusconi's challenge
Silvio Berlusconi, Italy's prime minister, will be in the news this
weekend when he hosts a Group of Eight summit of world leaders in
Genoa. But while the billionaire magnate is preparing to bask in the
attention, the reputation of the centre-right government is being
forged by Giulio Tremonti, Italy's new finance minister.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562258

How Donald Rumsfeld can save Argentina
There is a significant risk that Argentina's financial crisis will spin
out of control and set the stage for events that could destabilise the
whole Mercosur region for several years.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562259

Editorial comment: De la Rúa buys time
For the third time in less than a year, Argentina finds itself at the
centre of fears for international financial stability.
http://tm0.com/sbct.cgi?s=25181072&i=367317&d=1562261

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