BUSINESS

Indian Car Sales Up 8.3 Percent; Auto Industry Cuts FY13 Forecast

Maruti Suzuki
The Society of Indian Automobile Manufacturers (SIAM) cut its car sales growth projection for the financial year 2013 to 9-11 percent from the 10-12 percent growth as expected earlier, amid concerns of escalating cost and sluggish demand for cars in the domestic market.
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An employee counts yuan banknotes at a bank in Huaibei

China June Trade Surplus Widens On Weak Imports

China's trade surplus widened to $31.73 billion in June, up 42.9 percent compared to the same month in last year amid slower-than-expected growth in imports, raising concern that the world's second largest economy isn't doing enough to stimulate domestic demand and avert a slowdown.
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Asian Shares Nudge Up As Investors Await China Data

Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite.
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Will ObamaCare Strengthen Small Businesses?

Many small businesses have been paying nearly twice the amount for half the health care benefits that they are entitled to provide their employees. However, under the new health care mandate, health insurance will be more affordable for small companies.
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LinkedIn Gets Pounded On News Of Facebook Challenge

LinkedIn (NYSE: LNKD), the leading professional social networking site, lost as much as 6 percent of its value Monday on a report that Facebook (Nasdaq: FB), the No. 1 social networking site will start direct competition.
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48 Hours In London Just Ahead Of The Olympics

When the Olympic Games began in ancient Greece around 776 BC, London didn't exist. More than two millennia later, the city of nearly 8 million people is ready to host the 2012 Olympic Games.
Kilamba

Angola's $3.5B, Chinese-Built Ghost Town

China is finishing a major housing project outside Luanda, paid for with oil, but nobody's buying. To do so, the average Angolan would need to work 160 years.
Brazil

World Economies Slowed In May, Even White-Hot Brazil Disappoints: OECD

The world's major economies extended their slowdown in May, with conditions deteriorating significantly in India and Italy, according to a statistical indicator released by the Organisation for Economic Co-operation and Development on Monday. Even in Brazil, one of the few economies surveyed that is expanding, the pace of growth slowed.

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