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  Wednesday, July 4, 2012
  Today
Eurozone unemployment skyrockets
Companies continue struggling to contain their costs in the midst of stringent competition and weak demand – Eurozone jobless rate reaches record highs in May...
Tokyo: Ichiro Ozama leads bandwagon
Former leader of the party currently in Japanese government, Ichiro Ozama – strong man of the political landscape of the Rising Sun – abandoned the cabinet to found his own group, taking along with him 51 other MPs...
IMF rejects Israel's loan request
Israel unsuccessfully sought a $1 billion loan from the International Monetary Fund (IMF) for transfer to the Palestinian Authority to prevent its financial collapse...
Brazil's GDP forecast drops again
Economists cut their forecasts for economic growth in Brazil this year for the eighth straight week, to 2.05% from 2.18%...
  Featured Article
Wheels down
While pundits debate whether China will have an economic hard-or soft-landing, Chi Lo, CEO of HFT Investment uncovers hidden gems in macro data suggesting the economy has already landed, softly, with 1Q12 likely to have been the low point of this cycle...
  Gallery
  Events
  Most Read in the past 7 days
Q2 global investment banking fees tank by 25%
The fees totaled nearly $14 billion in the Q2, down from more than $18 billion in Q1 of 2012. Year to date, fees have totaled $32 billion, down 25% from the same period in 2011, reaching its lowest level since early 2009 as Eurozone crisis weighs down on securities underwriting and merger activity...
Derivatives sinking JPMorgan
The original estimates of $2 billion in losses for JPMorgan Chase & Co's Q2 earnings will likely increase to between $4 billion and $6 billion, far exceeding investors' initial worries...
Portugal faced with weak GDP outlook
The country’s construction sector, which is its largest employer, faces numerous unemployment and bankruptcies, risking repayment of 38 billion euros in debt to banks, the head of Construction and Real Estate Confederation said on Thursday...
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