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A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Japan’s Industrial Production Falls In June

Japan’s industrial output declined in June, which is the third consecutive month showing a fall, indicating that the weakening global demand and the debt burden faced by the euro zone are affecting the country’s economy.
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Japan Retail Sales Growth Retards In May

Japan’s retail sales growth slowed down in June as compared to May, indicating that private consumption being affected by the faltering global economic conditions.
Monsoon rains, critical to farm output in India's trillion-dollar economy

Monsoon Politics: Why It Can’t Rain Reforms In India

India's much-awaited "second wave" of reforms is likely to be delayed due to the dilly-dallying monsoon. Prime Minister Manmohan Singh, who doubles as the finance minister, is expected to hold the crucial policy decisions on allowing the FDI in retail sector and hike in diesel prices until at least the second week of September, Reuters has reported quoting official sources.
The more data market-watchers have seen on the economy, the less they like what they've seen. Specifically, predictions on what the government might report as the rate of GDP growth in the second-quarter of 2012 have plummeted in the past few weeks, as ec

In Advance Of Q2 US GDP Release, Forecasting Economists Race To The Bottom

The more data market-watchers have seen on the U.S. economy, the less they like what they've seen. Specifically, predictions on what the government might report as the rate of GDP growth in the second-quarter of 2012 have plummeted in the past few weeks, as economists adjust their models to one disappointing data release after another.
Former Citigroup chief executive Sanford I. Weill, one of the most important players in the deregulatory push of the 1990s that repealed the Glass-Steagall Act and allowed the formation of "too big to fail" banks, said on CNBC Wednesday morning

Former Citigroup CEO: It's Time to Break Up The Big Banks

Former Citigroup chief executive Sanford I. Weill, one of the most important players in the deregulatory push of the 1990s that repealed the Glass-Steagall Act and allowed the formation of too big to fail banks, said on CNBC Wednesday morning that the nation's financial supermarkets should be split up by government mandate.
Exxon Mobil Corp

ExxonMobil Is Expected To Report Weak Earnings From Lower Gas Prices

Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.
John Atta Mills

President of Ghana John Atta Mills Dies At 68

John Evans Atta Mills, president of Ghana who transformed the country's economy into one of African's newest oil-producing states, passed away at a military hospital on Tuesday. He will be succeeded by his vice president.
King

What Will Central Banks Do Next Week?

By taking policy rates to close to 0 percent and pushing deposit rates below zero, the move by Denmark may have opened the window for the ECB to take action at their meeting next week.

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