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Asian Shares Gain On Merkel's Backing For ECB

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Shares firmed Friday as German Chancellor Angela Merkel voiced support for the European Central Bank's efforts to contain the euro zone's debt crisis, soothing investor nerves and prompting them to scale back safety bids.

Gold Demand Falls To A Two-Year Low; India, China Weigh

Gold Demand Hits Lowest in Two Years, India, China Weighs
The demand for gold fell to its lowest level in two years in the second quarter of 2012, as the price rise along with the economic slowdown has deterred major consumers India and China from buying the yellow metal, the World Gold Council said on Thursday.
Indian Rupee 100 notes

Indian Rupee At Two-Week Low Against Dollar, Markets Trade In Red

The Indian rupee fell to a two-week low of 56.00/02 paise against the dollar in the morning trade Thursday, tracking the strengthening of the dollar in the global market. The dollar gained globally, chasing the upbeat U.S. data of retail sales which eased the concerns about the monetary control.
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A man looks at an electronic board displaying a fall in major market indices around the world outside a brokerage in Tokyo

Asian Stocks Fall As Japan Stimulus Hopes Fade

Most of the Asian markets fell Wednesday as investor confidence was weighed down by the lack of stimulus measures from policymakers to support the global economy and regain the growth momentum.
U.S. Services Sector Slumped In April

Luxury, Discount Retailers Post Higher Quarterly Earnings

A mix of luxury brands and discounters reported quarterly earnings that topped expectations, results that underscored a broader report showing U.S. retail sales broke three consecutive months of declining growth in July as consumers regained some semblance of confidence this summer.
Saks Fifth Avenue

Wealthy Buyers Prop Up Sales At Saks, Michael Kors

Saks Inc. (NYSE: SKS) and Michael Kors Holdings Ltd. (NYSE: KORS) are both benefitting from wealthy consumers, offsetting global economic turmoil and an uncertain U.S. economy, the companies said Tuesday.
US Retail Sales

US Retail Sales Rise More-Than-Expected In July

Retail sales in the U.S. rose in July for the first time in four months and topped economists' forecast as demand rose across the board from cars to building materials, suggesting that the biggest driver of the economy is gaining momentum.
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India's 66th Independence Day: Will Manmohan Singh Paint A Rosy Picture Amid Glaring Issues?

Unless India's Congress-led United Progressive Alliance (UPA) government has been hiding all the ground-breaking policy decisions for next year, the 2014 general elections aren't likely to go their way. However, a latest survey indicates that they won't go the other way either, with the Bharatiya Janata Party (BJP)-led main opposition National Democratic Alliance (NDA) likely to lose seats, raising the hopes for a third political front to come to power.
Traders work on the floor of the New York Stock Exchange

Stimulus Measure Hopes Lift US Stock Futures

U.S. stock index futures point to a higher open Tuesday amid hopes that central banks around the world will announce stimulus measures to boost the economy and regain the growth momentum.
A man leaves an automated teller machine (ATM) facility of ICICI bank in Kochi

ICICI Treads Cautiously on Return to Growth Path

With its once-sickly loan portfolio on the mend after several years of consolidation that saw it lose market share, ICICI is looking once again to grow faster than the industry - though more cautiously this time around.
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.
Health Care Reform Likely To Hit Low-Paid and Part-Time Workers Hardest

Health Care Reform To Hit Low-Paid, Part-Time Workers Hardest - Study

Employers in the restaurant and retail industries -- those with a large number of hourly wage workers who traditionally had minimal or no health insurance -- are more likely than other companies to drop their health plans or cut worker's hours in order to maintain their already slim profit margins.

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