HIGHLIGHT

REUTERS Iran Fires Rockets at Iraqi Air Base Hours After Funeral of Slain Commander NEWSWEEK Russia and Syria’s Presidents Meet After U.S. Kills Iranian General that Fought Their War CNBC Boeing 737 Passenger Plane Crashes in Iran Killing All Aboard BLOOMBERG Europe’s Factories Headed Into 2020 With Less Hope for Jobs

Monday, August 3, 2015

POLITIC AND ECONOMY

German Suggests Greece to Leave Euro.

French finance minister unhappy with German Wolfgang Schaeuble statement in response to Greece crises. French finance minister Michel Sapin said that French willing to strengthen the euro zone instead. The idea of Greece temporary exit euro may be followed by 19 members other countries which is in difficulties as adjustment of their currency, Michel Sapin reminded. (PE01/RE/2/August/15)

Irish Central Bank to Leave Euro.

Irish central bank faces uncertainty after Britain plan to leave the European Union and make bad impacts on Irish economy especially on agricultural sector as well as foreign direct investment. An executive board meeting published report of finance minister enquiry to its department to present assessment of possible referendum outcome on the issue. (PE02/RE/29/July/15)

China Economy Wants Head to Head Against The US.

It seems that the trade war has begun with yuan currency devaluation. Following yuan devaluation 2 percent, Asia currency weakens, global and US stock market’s stumbling down. China is to target growing in export along with cheaper yuan while the US export to China would be more expensive and consequently consumers prefer to buy cheaper China goods. (PE03/CB/12/August/15)   

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