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Apple: iPhone 5 Sales Top 5 Million Units In First Weekend Of Release

Despite the recent efforts from competitors like Samsung and Motorola to denigrate the all-new iPhone 5, customers have lined up to purchase Apple’s latest smartphone in record numbers. Since its release last Friday, the iPhone 5 sold more than five million units in its first weekend available. The Cupertino, Calif.-based computer company announced the news in a press release early Monday morning. Apple: iPhone 5 Sales Top 5 Million Units In First Weekend Of Release
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German Court ESM Ruling

German ESM Ruling: World Stocks Rally, But Don’t Sound The All-Clear Yet

Market bulls charged on Wednesday -- running U.S. stock futures, European stocks, the euro, oil and gold higher -- in the wake of a German court ruling that backs the country's participation in the euro zone's new bailout fund created to prevent the weakest euro economies from going bust. However, some economists warn that it's too early to sound the all-clear on the fate of the single currency bloc.
President of the German Constitutional Court Vosskuhle pronounces judgment on euro bailouts at the German Constitutional Court in Karlsruhe

Most Important Supreme Court Decision Of 2012: Six Things To Know

The most important court decision of 2012 will take place Wednesday in Germany, when the red-robed justices of the German Constitutional Court hand down a decision for which it is no hyperbole to say it could change the course of history. The Court is expected to rule over whether Germany is barred from contributing to the European Stability Mechanism, Europe's all-purpose bailout fund of which the German state is the major planned benefactor.
Euro Zone

Seven Days That Will Decide Euro Zone Fate: Next Fortnight Is Critical

Seven key events in the next fortnight that will determine whether the now-four-year-old euro zone crisis results in Greece and perhaps also Spain leaving and even whether the monetary union will survive. Here is a list of the seven critical dates with their corresponding events.
The German DAX Index board is pictured behind a plastic flower during a trading session at the first trading day at Frankfurt's stock exchange in Frankfurt

European Stocks Rise On Stimulus Expectations

European markets rose Tuesday as investors were hopeful that the European Central Bank (ECB) would soon announce stimulus measures to rejuvenate the faltering economy of the euro zone and regain the growth momentum.
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Bundesbank Warns Germans Of Costs Of Propping Up Europe

Germany's central bank warned Monday that Europe's biggest economy could be stressed by the continent's endless financial crisis, with signs of a slowdown building even as it is being relied on ever more to prop up its neighbors
Coelho

As Portugal’s Pain Deepens, Investors Reward Nation

Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.
A trader is pictured at his desk in front of the DAX board at the Frankfurt stock exchange

European Markets Mixed As Stimulus Hopes Persist

European markets were mixed Thursday as investors remained cautious waiting for policymakers to announce monetary easing measures which could stop the weakening of the euro zone economy and revive growth momentum.
retail sales

Retail Sales, PPI, CPI: Economic Events For Aug 13-17

Major data releases aplenty are on the economic calendar next week. In the U.S., investors will focus on July retail sales, industrial production, and consumer prices. In the euro zone, second-quarter gross domestic product figures across the major economies and the German ZEW index are the main highlights.

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