Swiss economy? 0th grew by 9 percent in the second quarter (AP)
AP – official figures show that the Swiss economy? increased by 0. 9 percent in the second quarter with the first three months of the year against? Ber, largely in the background of the h? Heren domestic demand and business investment.
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The Indian economy? increased by 8 percent in the quarter June 8 (AP)
AP – The Indian economy? increased by 8 percent in the eighth quarter in June, up more? extra fast? two years, so a good growth in agricultural production taken at the first crisis of the trajectory. P>
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Japan factory output rises 0 3 percent in July (AP)
AP – Japan’s factory output? rose unexpectedly in July for the first time in two months, as companies move? RKT production machinery, chemicals and paper, despite evidence f? R a global economic slowdown.
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Consumer spending increased 0 4 percent in July (AP)
AP – Americans spent last month at the fastest pace in four months, supported by a jump in demand for cars. P>
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US slashes second quarter growth to 1. 6 percent (AFP)
AFP – The U.S. government on Friday reduced economic growth in the second quarter ‘ largest economy in the world at a rate of 1 6 percent, from 2 4 percent previously forecast. P>
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HSBC to buy up to 70 percent of Nedbank (Reuters)
Reuters – HSBC is buying up to see 70 percent of the Nedbank South Africa, a potential $ 6. 8 billion agreement to give more funding with a presence in Europe’s largest economy in Africa and a gateway to the rapidly growing mainland would. P>
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BYD Q2 net increase of 2 6 percent (Reuters)
Reuters – BYD Co. Ltd (HK 1211th), a Chinese carmaker American billionaire Warren Buffett guaranteed, posted lower than expected profits in the second quarter, primarily from the previous quarter was China’s booming car sales lost steam in a slowing economy. P>
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Lowe’s 2Q profit rises 10 percent, revenue cuts Outlook (AP)
, AP – People bought air conditioners and grills as Lowe’s Cos. early summer promotion in second quarter net profit up 10 percent, but total spending has been hurt by warm weather and ‘weak economy, the home-improvement retailer said Monday. P>
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Summary Box: Mortgage rates drop to fourth place 44 percent (AP)
low AP – HIT new prices: the average interest rate on a mortgage fixed for 30 years hit the fourth 44 percent this week, said mortgage buyer Freddie Mac Growing pessimism about economic recovery pushed prices to the lowest level in decades for the seventh time in eight weeks.
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