World Bank sees possible Ebola hit in billions of dollars
17 Sep 2014 | 9:49 am
WASHINGTON (Reuters) - The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday. The global development lender predicted that slow containment of the deadly virus in Guinea, Liberia and Sierra Leone could lead to broader regional contagion, particularly through tourism and trade. Under the worst-case scenario, Guinea's economic growth could be reduced by 2.3 percentage points next year while Sierra Leona's growth would be cut by 8.9 percentage ...
Xi sees factory China and back office India as global engine
17 Sep 2014 | 9:29 am
By Rupam Jain Nair AHMEDABAD India (Reuters) - The "world's factory" and the "world's back office" could together drive global economic growth, Chinese President Xi Jinping said as he began a rare visit to India on Wednesday, playing down mistrust that has long kept the Asian giants apart. India's new prime minister, Narendra Modi, is determined to build closer relations with the world's second-largest economy, whose leader arrived on Modi's 64th birthday armed with pledges to invest billions of dollars in railways, industrial parks and roads. ...
Spanish PM Rajoy warns independence votes 'torpedo' Europe
17 Sep 2014 | 9:19 am
MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy fired a last-minute broadside on Wednesday against Scotland's independence referendum, warning that such events "torpedo" the foundations of Europe and wreak economic recessions. Rajoy's center-right government has been trying to quell calls in the northern Spanish region of Catalonia for a similar vote on breaking away, denouncing such a move as illegal. ...
Cut in supply of Nigeria gas to Ghana could hurt economy -Ghana cbank gov
17 Sep 2014 | 7:54 am
ACCRA (Reuters) - A cut in the supply of gas from Nigeria to Ghana through the West African Gas Pipeline (WAPCO) is "not good news" and could damage the country's economy if prolonged, Ghana's central bank governor Henry Kofi Wampah told a news conference on Wednesday. A senior official at WAPCO in Ghana said on Wednesday gas supplies through the pipeline, which serves, Togo, Benin and Ghana, have been cut due to a strike in Nigeria. Ghana's economy was hurt in 2013 by an energy deficit.
Most Bank of England officials oppose rate rise as wages stagnate
17 Sep 2014 | 7:48 am
By David Milliken and William Schomberg LONDON (Reuters) - Most Bank of England policymakers remained firmly against raising interest rates when they met this month, and data released on Wednesday showed wages rising at their slowest pace on record, indicating inflationary pressure will remain subdued. The British economy is set to grow faster than other major advanced economies this year, and unemployment fell more than expected in the three months to July, reaching a five-year low of 6.2 percent compared with 7.7 percent a year before. ...
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