The World Bank's new "East Asia and Pacific Economic Update" forecasts that China's GDP growth will only be 8.2% in 2012 which is a substantial come down for a nation ... Read Full Story »
Sony (NYSE: SNE) says it will eliminate 10,000 jobs and retool the company for growth. (Reuters) Exports from Japan improve. (Reuters) The Fed’s Beige Book reports concern about energy costs. (Reuters) ... Read Full Story »
China's growth will be slower than believe just a few months ago, according to the World Bank: A new World Bank report projects GDP growth in China will be 8.2 ... Read Full Story »
Parties of Merkel and allies parties beaten in Berlin elections. (Reuters) Obama jobs plan geared toward Democrat voters. (Reuters) Greece must take more austerity measures to get bailout money. (Reuters) ... Read Full Story »