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China says inflation slows to 1.8% in July
Aug 9th, 2012
Chinese inflation hit a two-and-a-half-year low in July, official data showed Thursday, giving the government further policy leeway to boost weakening growth. (Source: AFP) -
By Andy Bruce LONDON (Reuters) - Chinese factory activity shrank in May for the first time in seven months, overshadowing signs that the euro zone's downturn tempered slightly in May, business surveys showed on Thursday. World stock markets tumbled after the Chinese data and also in response to U.S. Federal Reserve Chairman Ben Bernanke, who h... [Full Article]
WASHINGTON (Reuters) - Microsoft Corp did not violate a patent owned by Google subsidiary Motorola Mobility when it made its popular Xbox, the International Trade Commission said on Thursday. The fight over the Xbox is related to the larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use Google's Android soft... [Full Article]
LONDON (Reuters) - The Bank of England bucked the trend of its recent forecasts on Wednesday by modestly upgrading its growth outlook and pencilling in a faster fall in inflation. In its quarterly economic update, the central bank gave no sign that it was on the verge doing more stimulus, describing policy as "highly stimulatory", but not... [Full Article]
By Cameron French TORONTO (Reuters) - Canadian Imperial Bank of Commerce's remake from swashbuckling Wall Street player to low-risk Canada-focused lender has stabilized its earnings, but some shareholders now worry that the bank faces outsized exposure to an uncertain housing market. The bank's homebound approach - which CIBC trumpets as ... [Full Article]
By Suzanne Barlyn WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Richard Ketchum, the Financial Industry Regulatory Authority's chairman and chief ex... [Full Article]
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