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US jobs data upbeat, but housing starts fall
The four-weak average of claims hit its lowest level in seven years.
Inflation in Japan to stay above 1%, says BoJ
Haruhiko Kuroda, once Japan’s top currency diplomat, also sought to keep the yen in check, warning that sharp gains were unwarranted with the BoJ maintaining its massive stimulus while its US counterpart started to think of interest rate rises.
UK inflation jumps to five-month high
Underlining the challenge facing the Bank of England as it tries to manage Britain’s accelerating economic recovery, consumer prices rose 1.9 per cent on the year in June, official ONS data showed.
World Bank hails Philippines as next Asian ‘miracle’
Kim heaped praise on Aquino’s anti-graft fight, which has seen the president’s predecessor and three sitting senators charged with corruption, as well as the impeachment of a Supreme Court chief justice.
India slaps $579 million penalty on Reliance
The penalty reduces the amount of expenses Reliance can deduct by $579 million, with total fines of this kind now totalling $2.4 billion since 2010, the minister was quoted as saying by the Press Trust of India (PTI) news agency.
Kuwait’s Gulf Bank Q2 net gain rises 9%
Net profit for the three months to the end of June was KD6.87 million ($24.4 million), compared to KD6.3 million in the year-earlier period, according to Reuters calculations.
National Bank of Oman’s profit up 25%
National Bank of Oman, the sultanate’s second-largest lender by assets, posted a 25 per cent rise in second-quarter net profit, beating analysts’ expectations.
Court lifts freeze on Zain Iraq earnings
An Iraqi court in January ordered Zain Iraq’s revenue from subscribers obtained through buying Iraqna to be placed under a legal guardian and in an Iraqi bank until the case was resolved.
US economy appears firmer
Retail sales, manufacturing and consumer spending data show robust results
India June inflation at record low, drought remains a risk
Lower food prices drive down overall inflation in second quarter
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