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China’s GDP growth down to 7.5 percent

China’s GDP growth slowed in the second quarter to 7.5 percent year-on-year as weak overseas demand weighed on output and investment, lining up a test of Beijing’s resolve to revamp the world’s second-biggest economy in the face of deteriorating data. Other figures showed industrial output in June rising slightly less than forecast compared with a ...

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Dijsselbloem: Eurozone willing to provide additional aid to Greece

Eurogroup president opposed to new haircut on Greek debt Eurogroup chief Jeroen Dijsselbloem expressed his strong opposition to a possible new haircut on the Greek debt. Speaking to five European newspapers Dijsselbloem said that “Greece will repay the loans it has received” and that the deletion of the Greek debt, ...

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Eurozone unemployment hits new high

Unemployment in the crisis-stricken euro bloc rose to 12.2% for April, according to Eurostat, the statistics office of the EU. At 24.4%, youth unemployment was double the wider jobless rate and up from 24.3% in March. The problem was most extreme in Greece where almost two-thirds of those under-25 are ...

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Nationalised Bankia has now lost 99% of its stock exchange value since it was listed 22 months ago

Spain’s banking crisis wiped out billions of euros of family savings on Tuesday as small investors who bought shares in the nationalised Bankia were finally able to trade them – but at only a fifth of their original price. The wipeout on Madrid’s stock exchange means that Bankia, which was ...

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Soros Joins Gross in Warning Kuroda Plan Risks Yen Rout

Billionaire investor George Soros and Bill Gross, who runs the world’s biggest bond fund, warned the Bank of Japan (8301)’s plan to end deflation risks creating a rout in the yen.

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World Market News

SWOT Analysis for HOME DEPOT HD Rating agency Standard & Poors downgraded Spain’s sovereign debt rating to BBB- from BBB+, outlook negative. Greece’s unemployment rate jumped to 25.1 percent in July. 10/11/2012 China is expected to weaken to 7.8% growth this year. IMF: It raises estimates for U.S. growth slightly, ...

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