IBT Staff Reporter

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China first-half fiscal surplus at $193 billion

China posted a fiscal surplus of 1.25 trillion yuan ($193.3 billion) in the first half of the year as steady economic growth and rising prices lifted government revenues, the Ministry of Finance said on Thursday.

Futures little changed ahead of JPMorgan results

Stock index futures were little changed on Thursday ahead of earnings from JPMorgan, the first big bank to report its quarterly scorecard as investors look for signs of weakness after a slowdown in the economy.

Australia may review media laws after News Corp scandal

Australia's government may review media laws in the wake of the phone hacking scandal at Rupert Murdoch's British paper the News of the World, Prime Minister Julia Gillard said on Thursday, as an influential party demanded a probe into media ownership and regulation.

Cario’s Tahrir Square on Fire, Frenzy on Police Services ( Photos)

Thousands of pro-democracy protesters in Egypt making Cairo's Tahrir Square their home until their demands of the thrown out of President Hosni Mubarak and removal of the military rules is met. There is high rage among protester over the merciless killing of those protesters who ousted Housni Mubarak.

Revolution Through Social Network Protesters Arrested in Belarus [PHOTOS]

On July 13th, dozens of arrests were made in Minsk during the latest round of silent protests against authorities in Belarus.The flash-mob-style demonstrations have already become regular events in Belarus, called by Revolution Through the Social Networks, a grass-roots movements that claims thousands of supporters nationwide.

Obama, Republicans clash in debt talks

President Barack Obama clashed with Republican lawmakers on Wednesday in a fierce White House meeting on deficit reduction that left a deal in question as the clock ticked toward a debt default.

For JPMorgan, forecasts matter more than results

When JPMorgan Chase & Co reports second-quarter results on Thursday, Wall Street will care more about its forecasts than its earnings, looking for clues on the direction of the U.S. lending business.

Netflix price rise draws user ire, investor glee

Netflix Inc's hefty price increase provoked an unprecedented outpouring of outrage on the Internet, but Wall Street cautiously welcomed the move, sending its shares up nearly 3 percent on Wednesday.

Japan escalates warning as yen continues to rise

Japanese Finance Minister Yoshihiko Noda warned on Thursday that recent yen strength does not reflect economic fundamentals, escalating a verbal campaign to cool the rising yen although traders saw little immediate chance that authorities would intervene directly in the market.

Overweight Children Should Be In Foster Care: Journal of the American Medical Association

Some experts have said that chronically obese children should be taken away from their parents, read the Journal of the American Medical Association as poor caretaking is only one risk factor for childhood obesity. And a question arises: Should the government step in and take these children from their homes or is this akin to banning circumcision in California?

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