World stock markets mostly rise as China trade, South Korea growth upgrade lift sentiment

World stocks lifted by China trade, Wall Street

BANGKOK – World stock markets mostly rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
Gains last week on Wall Street added to the momentum from China’s stronger-than-expected trade figures. Also boosting markets was South Korea’s central bank raising its growth … Original article on : World stock markets mostly rise as China trade, South Korea growth upgrade lift sentiment.

BP says cost of dealing with Gulf of Mexico oil spill reaches $3.5 billion

BP says oil spill costs climb to $3.5 billion

LONDON – BP PLC said Monday that the cost of dealing with the oil spill in the Gulf of Mexico has risen to $3.5 billion, though its shares rallied on reports it may sell some assets.
The oil company said the overall cost includes nearly $165 million paid …. Read the original article  : BP says cost of dealing with Gulf of Mexico oil spill reaches $3.5 billion.

Oil falls to near $75 in Asia as traders look to US company earnings for clues on economy

Oil falls to near $75 ahead of US company earnings

SINGAPORE – Oil prices fell to near $75 a barrel Monday in Asia as investors looked to the start of second quarter company earnings reports this week for clues about the strength of the U.S. economy.
Benchmark crude for August delivery was down 76 cents to $75.33 …. Original article  : Oil falls to near $75 in Asia as traders look to US company earnings for clues on economy.

Money Market Operations as on July 10, 2010

… Read : Money Market Operations as on July 10, 2010.

Sensex slips on modest industrial data after crossing 18,000

MUMBAI – A benchmark index for Indian equities markets, which breached the psychological 18,000 mark in more than three months early Monday, slipped in noon trade after the government released the industrial production data, showing a slower 11.5 percent growth in May compared to a 14.6 percent rise in April.

Other Asian markets too were in …. Source  : Gaea News Network.

Asian stock markets mostly rise as China trade, South Korea growth upgrade lift sentiment

Asian stocks lifted by China trade, Wall Street

BANGKOK – Most Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
In Japan, a weaker yen wasn’t able to completely offset concerns about the country’s economy after the ruling party’s defeat in upper house elections Sunday.
The Nikkei … Read this article on Gaea Times at : Asian stock markets mostly rise as China trade, South Korea growth upgrade lift sentiment.

US government not for new stimulus for economy

WASHINGTON – With the US budget deficit for the fiscal year ending September already topping $1 trillion, the Obama administration sees little room for stimulus to boost the staggering economy.

There’s “not a great desire” for additional government spending, President Barack Obama’s top political adviser David Axelrod said Sunday.
“Even though there’s some argument for additional …. Read the original article  : here.

Advances in finding Alzheimer’s disease show the need for drugs to stop or slow its course

Alzheimer’s advances show need for better drugs

Scientists are reporting advances in detecting and predicting Alzheimer’s disease at a conference in Honolulu this week, plus more proof that getting enough exercise and vitamin D may lower your risk.
There are better brain scans to spot Alzheimer’s disease. More genes that affect risk. Blood and spinal fluid tests …. Source  : Gaea News Network.

India’s factory output up 11.5 percent in May

NEW DELHI – India’s factory output was up 11.5 percent in May, powered by a 12.3 percent expansion registered by the manufacturing sector, giving the central bank the much-needed comfort level to look at hiking key rates upward to tame inflation.

Data on the country’s index for industrial production (IIP) released here Monday by the commerce … Read more »».

Big election losses could hinder Japan ruling party attempts to tackle debt, revive economy

Japan braces for gridlock after ruling party loss
TOKYO – Japan’s ruling party faced the prospect of political gridlock Monday as bad losses in weekend parliamentary elections undermine its attempts to reduce the second-largest economy’s ballooning budget deficit and revive growth.
Half of the 242 seats in the upper house of parliament were up for … Original source on Gaea Times at : Big election losses could hinder Japan ruling party attempts to tackle debt, revive economy.

Firearm sales up 70 percent in Brazil

Sao Paulo, July 12 (IANS/EFE) The sale of firearms in Brazil has increased by 70 percent since 2005, authorities said.

Brazilians approved the sale of firearms in the country in a referendum in 2005. About 59 million of the 92 million people who participated in the vote supported the sales.
In 2005, 68,000 firearms were sold … Read this article on Gaea Times at : Firearm sales up 70 percent in Brazil.

1 in 4 American consumers are deemed risky as more credit scores sink to lows of 599 or less

More Americans’ credit scores sink to new lows

NEW YORK – The credit scores of millions more Americans are sinking to new lows.
Figures provided by FICO Inc. show that 25.5 percent of consumers – nearly 43.4 million people – now have a credit score of 599 or below, marking them as poor risks for lenders. It’s …. Source  : Gaea News Network.

FDA to evaluate obesity drug that would be the first new prescription treatment in a decade

FDA to review first of 3 new weight loss drugs

WASHINGTON – Dieters, doctors and investors get their first extensive look at the first of a trio of new weight loss drugs this week. The hope is that the new drugs can succeed where many others have failed: delivering significant weight loss without risky side effects.
With … Read more »»».

Oil hovers above $76 in Asia as traders look to US company earnings for clues on economy

Oil hovers above $76 ahead of US company earnings

SINGAPORE – Oil prices hovered near $76 a barrel Monday in Asia as investors look to second quarter company earnings reports this week for clues about the strength of the U.S. economy.
Benchmark crude for August delivery was up 7 cents to $76.16 a barrel at midday Singapore … Read more »».

Mavericks owner Mark Cuban says NBA should look into how Big 3 ended up with Miami Heat

Cuban: NBA should examine how Heat got Big 3

LAS VEGAS – Dallas Mavericks owner Mark Cuban says the NBA should examine how free agents LeBron James, Chris Bosh and Dwyane Wade all ended up with the Miami Heat.
Cuban tells a group of reporters at the NBA’s summer league in Las Vegas that he intends to …. Source  : Mavericks owner Mark Cuban says NBA should look into how Big 3 ended up with Miami Heat.

Asian shares rise on Wall Street gains, China trade, weaker yen

Asian stocks lifted by Wall Street, China trade

TOKYO – Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.
In Japan, a weaker yen offset concerns about the country’s economy after the ruling party’s defeat in upper house elections Sunday.
The Nikkei 225 stock average reversed early …. Source  : Gaea News Network.

Money Market Operations as on July 09 , 2010

…. Original article  : Money Market Operations as on July 09 , 2010.

Bank of Korea raises country’s 2010 growth forecast to 5.9 percent as global economy recovers

Bank of Korea raises growth forecast to 5.9 pct

SEOUL, South Korea – South Korea’s central bank raised its forecast for the country’s economic growth this year to 5.9 percent on solid exports as well as capital and consumer spending amid a stronger global recovery.
The Bank of Korea, which had previously expected an expansion of 5.2 … Read more : Bank of Korea raises country’s 2010 growth forecast to 5.9 percent as global economy recovers.

Asian shares rise; Nikkei shows muted respose to Japan’s election results

Asian stocks up; US shares, exporters lift Nikkei

TOKYO – Asian stock markets posted modest gains Monday as Wall Street’s gains last week and a weaker yen lifted exporters in Japan, eclipsing concerns about the ruling party’s defeat in upper house elections.
The benchmark Nikkei 225 stock average reversed early losses and was up 0.1 percent at …. Read the original article  : Asian shares rise; Nikkei shows muted respose to Japan’s election results.

Alcan says union vote prompts orderly shutdown of Ravenswood aluminum plant

Alcan: orderly shutdown of Ravenswood plant starts

RAVENSWOOD, W.Va. – Alcan Rolled Products says it’s begun closing its Ravenswood, West Virginia, plant in response to a strike notice from union workers.
Alcan announced what it called an orderly shutdown Sunday. The Rio Tinto subsidiary says it won’t operate the plant without workers from United Steelworkers Local 5668.
Members …. Read the original article  : Alcan says union vote prompts orderly shutdown of Ravenswood aluminum plant.