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International

UK consumer confidence dips for first time in 2014
One measure of consumer confidence in Britain fell for the first time this year in June, the latest sign of a cooling in sentiment about the country’s economic recovery.
Yum and McDonald’s apologise as new China food scandal brews
McDonald’s Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants’ efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.
Mena IPO proceeds surge 129% in second quarter
The initial public offering market in the Middle East sustained its resilience with proceeds jumping 129 per cent in the second quarter and rising 14 per cent in the first half of this year.
Sabic’s Q2 profit up 7%, matches views
Saudi Basic Industries Corp, or Sabic, reported a seven per cent rise in second-quarter net income on Sunday, matching analysts’ forecasts.
China lends Argentina $7.5 billion
Latin American country cannot tap global markets because of disputes over unpaid debt
Concerns mount over India’s stance on global trade pact
India is the most prevalent among a group of developing nations angry at rich countries for failing to address their concerns about a deal on trade facilitation - struck by WTO member states in Bali last year — that must be detailed by a July 31 deadline.
Pakistan trade deficit widens
$20 billion gap will lead to a drawdown on $9.4 billion foreign currency reserves
US giant AbbVie acquires drugmaker Shire for $54b
The takeover comes after Ireland-based Shire reversed its opposition to a deal earlier this week.
G20 reforms to boost global growth
Recommendations could boost global growth by $3.4t and create millions of jobs.
Latest Fed survey sees improved US economy
The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates.
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