ECONOMY & MARKETS

Asian Shares

Asian Stocks Decline After Bernanke Comments

Asian stock markets were mostly lower Wednesday as the lack of explicit hints about further quantitative easing from Fed Chairman Ben Bernanke during his congressional testimony disappointed investors.
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US Builder Confidence Rises To 5-Year High In July

U.S. builder confidence rose in the new single-family home market as in July by the greatest level in nearly a decade, led by improving market conditions and buyer traffic, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Kyrgyz H1 GDP Nosedives On Kumtor Gold Mine Troubles

US Industrial Production Up 0.4% In June

Industrial Production in the U.S. increased a seasonally adjusted 0.4 percent in June after a 0.2 percent dip in May, the Federal Reserve said Tuesday, led by gains among automobile and machinery makers that suggests some resilience in the manufacturing sector.
The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

US Consumer Price Index Flat In June As Gas Prices Fall

Consumer prices in the U.S. were flat in June as the higher cost of food offset another drop in energy, according to government statistics released Tuesday, further confirming the Federal Reserve's view that the jump in fuel costs was only temporary.
Copper dips on strong dollar, economic fears

Copper Is 'Slightly Overvalued': Barclays

Copper prices have outperformed the overall metals market as traders have closed short selling in expectation of government intervention to boost growth, but the metal may still be slightly overvalued, according to a Monday report by Barclays.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Stocks Rise On Stimulus Measure Hopes

Asian markets were rose Tuesday as investors continued to be hopeful that central banks all over the world would soon announce stimulus measures to tackle the weakening global economy.
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Asian Shares Flat As Investors Await Bernanke Testimony

Asian shares paused Tuesday as investors awaited Federal Reserve Chairman Ben Bernanke's view on the U.S. economy later in the day, after weak U.S. retail sales and a lower International Monetary Fund global growth forecast raised hopes of more stimulus from the Fed.
Credit cards are pictured in a wallet in Washington

US Wins WTO Case Over China Bank Card Monopoly

A World Trade Organization panel ruled Monday that China had discriminated against U.S. bank card suppliers in favor of a state-owned enterprise, a decision U.S. card issuers hope could level the playing field and open up new opportunities to China's $1 trillion electronic payments market.
File picture of an employee working on the assembly line of the Citroen C3 at the PSA Peugeot Citroen plant in Poissy

French Carmaker Peugeot-Citroen Likely To Default: CDS Rates

The credit default swaps (CDS) market is pricing in a probable default by PSA Peugeot-Citroen (Paris: UG) as the company struggles with the French government to shed 14,000 jobs and close a plant to cut costs and ensure the survival of the troubled European automaker.
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Europe Exported More In May, Imports Steady: Eurostat

Euro zone nations, collectively, posted an $8.42 billion trade surplus in May, well ahead of a $1.46 billion deficit in the year-earlier period, as exports rose and imports remained relatively steady, the European Union's statistical office said Monday.
Republican Party

What Has Happened To Lincoln’s Republican Party?

A compelling question concerning the nation's current political culture is: what has happened to the Republican Party? President Abraham Lincoln was the Republican Party's first president, elected in 1860. But do the values of today's Tea Party faction-dominated Republican Party match the values of Lincoln?
Asian Stocks

Asian Stock Markets Gain On China Stimulus Hopes

Asian stock markets mostly advanced Monday on speculation of further stimulus measures from China after Premier Wen Jiabao warned Sunday that the recovery in the world’s second largest economy was not stable.

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