GDP

This week?s focus will be the June Federal Open Market Committee minutes, U.S. trade deficit and China's Q2 GDP.

Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.

Asian stock markets face the week with sentiment leaning negative as economic news, particularly from China, is likely to disappoint investors.

The Indian government has taken a major step toward its ambitious vision of achieving Universal Health Coverage (UHC) by initiating a $5.4-billion plan that would allow the government sector doctors to prescribe generic drugs to the patients free of cost.

China's announcement of the unexpected interest rate cut this week has given an indication to market players that policymakers are increasingly rattled by the state of the economy.

What does a summer estate in the French countryside have to do with a dilapidated slum on the outskirts of Paris? More than you'd think, as it turns out.

The Institute for Supply Management said its services sector index, which covers about 90 percent of the economy, dropped to 52.1 in June from the prior month's 53.7, to mark the worst reading since January 2010.

Standard & Poor's Ratings Services has raised the credit rating of the Philippines, citing that the country's fiscal flexibility is gradually increasing and the debt profile is improving.

France's new Socialist government announced tax rises worth 7.2 billion euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by flagging economic growth.

Apple will pay a $60 million settlement to secure the iPad trademark in China, opening up sales to the Chinese market, Apple's most profitable after the United States.

A Holland America cruise ship with more than 1,500 gay travelers was turned away from a port in Morocco over the weekend in what was to be a historic trip to a Muslim country.

Spain's economy shrank further in the second quarter but looks set to stabilize over the rest of the year while the government continues to push structural reforms and budget austerity, Economy Minister Luis de Guindos said on Sunday.

India's current account deficit deteriorated to a record high of 4.5 percent of the GDP or $21.7 billion - a level seen for the first time in 20 years - for the quarter ending March 2012, data released by the Reserve Bank of India show.

India's economic growth is faltering as a result of weak governance, policy paralysis and opposition to reforms by the present government. These have dragged down the investor confidence.

Reuters Market Eye - Morgan Stanley has upgraded Indian stocks to equalweight in its latest report after having rated them underweight since the first quarter of 2011.

U.S. stock index futures pointed to a higher open Friday as euro zone leaders at a Brussels summit agreed upon emergency measures to lower Italy's and Spain's borrowing costs and create a single regulatory oversight body for euro zone banks.

Japan's industrial production declined in May from the previous month, according to data released by the Trade Ministry Friday.

Mongolia gears up for a new parliament while in the nascent stages of an unprecedented economic boom.

In Nigeria, overpopulation is a definite problem. Cutting down on fertility rates would help, but the government must choose the right plan of attack.

Japan?s retail sales growth slowed down in the year to May compared to April indicating that private consumption is getting affected by the faltering global economic conditions.

Christofias criticized the EU, the ECB and IMF for behaving like a ?colonial force? with respect to its fiscal demands on Greece.