UNITED STATES

India’s FY13 Growth Forecast Slashed To 5.1%

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Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.

Gold Near 5-Month High on Stimulus Hopes

Gold
Gold hovered near a five-month peak on Monday, supported by hopes for more stimulus measures after U.S. Federal Reserve Chairman Ben Bernanke gave a grave assessment of the economy last week.
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Asian Markets

Week Ahead: Asian Stocks Likely To Fall On Weak China Data

Markets are expected to begin the week on a negative note after official data Saturday showed that Chinese manufacturing activity shrank for the first time in nine months, raising concerns over the growth slowdown in the world's second largest economy.
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Drought Seen Pushing US Meat Prices Even Higher

The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat.
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President Obama Releases Beer Recipe For White House Homebrew Beers

Ever since President Barack Obama revealed that he commissioned the White House kitchen to create a homebrewed beer for the White House, beer enthusiasts have been going nuts wondering what the recipe is, even going as far as setting up an online petition. Now, the White House has responded and released its recipe for presidential Honey Ale and Honey Porter beer.
2012 Election

Five Reasons Why Obama Could Win The 2012 Election

He's practically the devil incarnate to the Republican Party, but no president since President Franklin D. Roosevelt has had to address as many serious economic, financial and foreign policy problems as President Barack Obama. Further, Obama's relative success addressing these problems, and the Republican Party's callousness, will lead to Obama's re-election in November.
Fed Chairman Ben Bernanke

Bernanke's Speech at Jackson Hole: 6 Key Take-Aways

It seemed everyone was claiming their crystal ball has been right in anticipation of a much-hyped speech by the world's most powerful central banker, who managed to turn the attention of traders around the world to his podium in bucolic Jackson Hole, Wyo. Friday. They were all right and, as usually happens in such cases, they were also all wrong.

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