Euro weak on profit-taking, dollar recovers

QE3 Reviving Fears Of Global Currency Wars

Thursday's announcement by the U.S. Federal Reserve that it would be engaging in a third round of open-ended bond-buying, known as QE3, to energize the economy saw a resoundingly positive reception in the foreign financial markets, where indexes rose Friday. But market-watchers were expecting the global equity party would lead to an inevitable hangover soon, in the form of intervention by central banks around the world, to stop massive inflows of dollars into non-U.S. economies -- in short, a...

Indonesia - Smoking Itself To Death

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Indonesia is the fifth-largest cigarette-producing market in the world. The government generates 6 percent of its revenue from taxes on tobacco.
Apple computers are seen inside the newest Apple Store in New York City's Grand Central Station

Global IT Spending To Rise 6% In 2012 To $3.6T: IDC

Venerable forecaster IDC predicted global spending on information technology this year will rise six percent to about $3.6 trillion, despite sluggishness in sector like PCs. The market also includes telecommunications services.
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Globalization: The Economic Structural Changes Continue

Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.

Samsung Q2 Net Profit Rises To $4.4 Billion

Samsung Electronics Co, the world's largest maker of mobile phones, reported a second quarter net income of 5.19 trillion won ($4.4 billion), up from 3.51 trillion won in the same period earlier year, aided by sales of Galaxy smartphones.
IMF and U.S.

IMF Urges UK To Jumpstart Economy

Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.
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India's Tata Motors Aims For Brazil Expansion For Jaguar Land Rover

Tata Motors Ltd. (Bombay: 500570) is looking to its UK luxury car unit, Jaguar Land Rover, to drive global sales growth particularly in emerging markets like Brazil by shifting production of the Freelander out of the UK to free up assembly line space for the popular premium model, the Range Rover Evoque.
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, June 23, 2008.

OPEC Sees World Oil Demand Declining 11% Next Year

Economic slowdown in the U.S., China and emerging markets, a rise in political tensions in the Middle East and Europe's debt crisis means oil consumption will not be rebounding anytime soon, according to the world's largest oil cartel.
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India To Give Free Generic Drugs To Hundreds Of Millions

From city hospitals to tiny rural clinics, India's public doctors will soon be able to prescribe free generic drugs to all comers, vastly expanding access to medicine in a country where public spending on health was just $4.50 per person last year.
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Moody's Cuts Spanish Banks On Sovereign Downgrade

Moody's Investors Service on Monday downgraded the long-term debt and deposit ratings for 28 Spanish banks and two issuer ratings, following on the heels of a cut to Spain's sovereign rating to just above junk status earlier this month.
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Submerging Markets

The weekend brought a sobering warning from the Bank for International Settlements, which suggested that the emerging markets are facing their own version of the boom and bust cycle that brought the developed world to its knees three years ago.

Airline Stocks Rebound After Delta Misses May Traffic Estimate

Airline stocks were recovering on Tuesday from a battering the previous day after Delta Air Lines (NYSE: DAL) showed a 6 percent increase in per-seat passenger revenue in May compared to last year, one percentage point lower than it had expected.


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