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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.
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Asian Shares

Asian Stock Market Advance On Easing Hopes

Asian stock markets advanced for the first time in five days on Thursday as disappointing U.S. housing data boosted hopes for further monetary stimulus from the Federal Reserve.
Foreign currency dealers from the Korea Exchange Bank are seen in front of a monitor displaying the current Korea Composite Stock Price Index (KOSPI) at the KEB in Seoul

South Korea's GDP Growth Slows Down To 0.4% In Q2

South Korea's economic growth slowed down to 0.4 percent in the second quarter compared to previous three months, weighed down by the faltering global economy and the intensifying debt crisis in the euro zone, data released by the Bank of Korea Thursday showed.
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US Hopes Renegade General Can Lead Syria Transition

The Obama administration and officials of allied Arab and Western nations are discussing putting Syria's highest-ranking military defector at the center of a political transition, U.S. and Middle East officials say.

UPS, DuPont, TI - Latest To Trim Outlook After Q2 Earnings Reports

Global economic uncertainty and the dreaded fiscal cliff have taken a toll on American consumer demand, affecting second-quarter revenues and urging companies to dim their forecasts. DuPont and Co, Texas Instruments, Inc. and United Parcel Service, Inc. are the latest to do so.
Barclays

EU To Criminalize Rate-Fixing...And About Time Too

The EU is looking into the possibility of making Libor and Euribor rate-rigging -- the deliberate manipulation of interest rates that set the benchmark for over $500 trillion in financial contracts - a criminal offense.
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Boeing Lands $10.8B Order From Aeromexico

Shares of The Boeing Company (NYSE:BA) soared Wednesday after it said Mexico's Aeroméxico will buy as many as 100 single- and twin-aisle airplanes in a deal with a nominal value of $10.8 billion.

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