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Nepal And The World News In Brief (27 January - 02 February)

  2 min 28 sec to read

Draghi: Eurozone Pick-UP ‘Dramatic’
Mario DraghiThe head of the European Central Bank, Mario Draghi, says there has been a “dramatic improvement” in the eurozone recovery over the past two years. Speaking at a forum in Davos on Saturday he said: “Risks have decreased across the board both for core eurozone countries and the periphery”. 
 
 
Argentina Eases Currency Control
Argentina Eases Currency ControlArgentina is to relax its strict foreign exchange controls, a day after the peso suffered its steepest daily decline in 12 years. On Thursday, the peso fell 11% against the dollar, its steepest fall since the country’s 2002 financial crisis. Cabinet Chief Jorge Capitanich said the country would reduce the tax rate on dollar purchases and allow the purchase of dollars for savings accounts. 
 
IMF warns of deflation risk
The International Monetary Fund is warning that dangerously low inflation could put the global economic recovery at risk in 2014. “Risks to activity associated with very low inflation in advanced economies, especially the euro area, have come to the fore,” the IMF said in an update to its World Economic Outlook. 
 
BOJ to Maintain Aggressive Monetary Easing
The Bank of Japan said on Wednesday it had decided to maintain its aggressive monetary easing to stimulate the country’s economy and combat chronic deflation. The bank also kept unchanged its overall economic assessment, saying “Japan’s economy has continued to recover moderately, and a front-loaded increase in demand prior to the consumption tax hike has recently been observed,” the bank said after a two-day monetary policy meeting.
 
China also Exports Pollution to Western US, Study Finds
China also Exports Pollution to Western US, Study FindsFilthy emissions from China’s export industries are carried across the Pacific Ocean and contribute to air pollution in the western United States, according to a paper published by a prominent US science journal. The research is the first to quantify how air pollution in the United States is affected by China’s production of goods for export and by global consumer demand for those goods, the study’s authors say. 

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