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More than 35% in US facing debt collectors
These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid.
Chinese brands beating global rivals
Senior executives at companies such as The Coca-Cola , Procter & Gamble and Colgate-Palmolive are being forced to adapt as the challenge posed by local firms intensifies in a slowing economy.
Battle for Latin America heats up
China, Japan and Russia zero in on region, duking it out with the US for resource-rich markets
Japan labour demand up
The jobless rate unexpectedly rose to 3.7 per cent in June from 3.5 per cent in May, reflecting an increase in job-seekers responding to economic recovery.
Surprise leap in US consumer confidence
The expectations index rose to 92.7 from an upwardly revised 86.4, while the present situation index rose to 88.3 from an upwardly revised 86.3 in June.
Sweeping sanctions on Russia
EU bares measures that could blow own economy off-course
Obama could act on his own to curb ‘inversions’
President Barack Obama could act without congressional approval to limit a key incentive for US corporations to move their tax domiciles abroad in so-called “inversion” deals, a former senior US Treasury Department official said on Monday.
Australia okays huge India-backed mine
Australia has approved a massive coal mine that could ultimately provide electricity for up to 100 million Indians, though some are concerned that what could become the country’s largest coal mine could threaten the Great Barrier Reef.
Surprise fall in US pending home sales
Contracts to buy previously-owned US homes unexpectedly fell in June, casting a cloud over the housing market recovery.
Russia told to pay $51.6billion in Yukos case
The Hague’s arbitration court ruled on Monday that Russia must pay a group of shareholders in oil giant Yukos $51.6 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.
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