Monday, February 4, 2013

Key Economic News to Watch This Week: February 4 | Economy ...

Monday, February 4

German Chancellor Angela Merkel meets with her Italian and Spanish counterparts for talks in Berlin, in preparation for the year?s first European Union summit on Thursday.

South African government announces new daily minimum wage for farm workers.

Tuesday, February 5

The European Commission will propose new rules to strengthen the EU?s fight against money laundering and terrorist financing, as well as a proposal to protect the euro against counterfeiting.

Related News: HSBC Accused of Money Laundering for Drug Cartels and Terrorist Groups

Related News: The Vatican Is Now a Money-Laundering Risk, Says US

The Economist?s Africa Summit takes place in London. By bringing together the politicians, business leaders and investors defining Africa?s future, the summit will explore the latest commercial opportunities across the continent.

Wednesday, February 6

EU Trade Commissioner Karel De Gucht will visit Ottawa in a bid to seal an accord that would expand commerce with Canada and wrap up nearly four years of negotiations on a free-trade agreement. Both parties are currently negotiating the Comprehensive Economic and Trade Agreement, which covers key issues relevant to modern trade and investments.

Related News: Canada Closes On Free Trade Agreement with EU

Related News: EU and US Inch Closer to Transatlantic Trade Pact

Human Rights Watch releases report on Russia. According to HRW?s Europe and Central Asia director Hugh Williamson, 2012 ?has been the worst year for human rights in Russia in recent memory. Russia?s civil society is standing strong but with the space around it shrinking rapidly, it needs support now more than ever.?

World Energy Leaders Summit takes place in New Delhi.

Organisation of Islamic Cooperation summit begins in Egypt.

Thursday, February 7

European leaders meet in Brussels seeking an agreement on the EU budget for the next seven years. EU leaders are split as net contributors to the regional budget are looking for tighten spending, while others are pushing for more cash for stimulus policies. The meeting will continue through Friday, where discussions turn to foreign policy, particularly focusing on Mali and Syria.

Related News: EU Budget Audit Finds $6.4 Billion in Misspending

Related News: EU Contemplating Separate Budget for Eurozone: Report

Related News: IMF Approves $18.4 Million Emergency Loan for Mali

Sunday, February 10

Millions of Chinese around the world return home to welcome the Lunar New Year with their families. However, forecasts of snow and rain across China threaten to disrupt nearly 3 billion passenger trips. Markets in China, the world?s second largest economy, will close for the Lunar New Year holidays next week, while markets in Hong Kong, Singapore and Malaysia will be shut for part of the week.

Related News: China Prepares For the Largest Annual Human Migration?

Source: http://www.economywatch.com/in-the-news/key-economic-news-to-watch-this-week.04-02.html

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