November 13th – Top Stories

1/ US

 

- Jack Lew: US is leading world in economic recovery - CNBC – Reported by Martin Soong, Written by Dhara Ranasinghe

 

The U.S. is leading the way in a global economic recovery and there should be little question about its ability to fulfill its debt obligations, Treasury Secretary Jack Lew told CNBC Asia in an exclusive interview on Wednesday.

 

2/ China

 

- Lack of China reform detail hits Asia markets - FT – By Jamie Chisholm

A sour mood is emanating from the Asia-Pacific region, as some investors express disappointment over the outcome of the Chinese leadership’s strategy conference, or plenum.
 
The Shanghai Composite index fell 1.8 per cent and Hong Kong’s Hang Seng dropped 1.9 per cent after the official plenum communiqué pledged a “decisive” role for markets in the state-dominated economy, but failed to yield any concrete policy changes, according to analysts, something many investors had hoped for.

 

3/ Eurozone & UK

 

- EU Withdraws Report That Criticized Spanish Budget Data Efforts - Bloomberg – By Esteban Duarte

 

Eurostat, the European Union’s statistics agency, withdrew a report criticizing Spain’s processes for reporting budget data after consultations with the country’s government.
 
EU statisticians, who had said Spain lacked “initiative” in addressing flaws in its budget figures, removed the report, published in April, from their website in order to revise their comments, Tim Allen, a spokesman for Luxembourg-based Eurostat, said by e-mail.