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  Monday, July 9, 2012
  Today
Alarming rate cuts across 3 central banks
In the space of less than an hour on July 6, China, the Eurozone and Britain loosened monetary policy; a signal of growing worry for the world economy, although suggestions of coordinated action were denied...
Hedge funds earn pale returns
Halfway through 2012, some of the biggest hedge funds report meager returns, trailing the benchmark US stock index by margins...
Cyprus seeking both EU and Russian aid
Cyprus's president is keeping his options open in order to secure more financial support from either Moscow and or the European Union as he bids to keep the island economy from tumbling...
Russia remains EU's gas king
Gazprom pays a high short-term price to protect its long-term position as Europe's dominant gas supplier after accepting price cuts for its gas supplies to Europe and paying billions to build the South Stream pipeline...
  Featured Article
Economic crossroads
Developed economies are coming to a decisive moment in their respective courses. The Eurozone and the US still have options and will need to take swift action to ensure growth is sustained, Mark Konyn, Chief Executive Officer at Cathay Conning Asset Management comments with others on the progress...
  Gallery
  Events
  Most Read in the past 7 days
Philippines' credit rating on cloud nine
Standard & Poor's raised the nation's debt rating to the highest level since 2003, increased to a BB+ rating marking a nine-year high, making President Benigno Aquino's goal of attaining investment grade and spurring gains in bonds and the peso...
China PMI worsens to 7-month low
The world's second-largest economy's factory downturn worsened in June as a key activity index hit a seven-month low, data expected to raise expectations the central bank may seek more policy easing...
French taxes take steep hike
In order to plug revenue shortfalls this year caused by flagging economic growth, France's new Socialist government announced tax rises worth 7.2 billion euros...
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