Thursday, May 17th

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United States delays ruling on China currency manipulation

United States delays ruling on China currency manipulation

The United States Treasury has postponed a ruling on whether China maneuvers its currency to get an inequitable trade benefit until later this year. It whispered the budge "will give us an opportunity to review advancement following numerous global meetings".

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Chinese bank shares rise after Beijing ups stake

Chinese bank shares rise after Beijing ups stake

China's big banks shares have moved greater, after the nation’s sovereign wealth fund declared it was raising its stake in them. Central Huijin, the domestic arm of China Investment Corporation, bought shares in 4 main banks on Monday, whispered the official Xinhua news agency. The share buy is the first since the worldwide financial crisis in year 2008.

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GDP growth of India slows down to 7.7%

GDP growth of India slows down to 7.7%

Economy of India grew by 7.7 percent in the 3 months from April to June, evaluated with the similar time frame of year 2010. It was India's scrawny growth for 6 quarters, but still healthier than had been anticipated.

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Australia's economic growth bounces back

Australia's economic growth bounces back

Economy of Australia bounced back strongly in the second quarter with higher-than-anticipated growth of 1.2 percent driven by household spending, buildup in inventories and business investment. The GDP figures that followed a revised 0.9 percent retrenchment in the economy in the quarter that ended in March signaled recuperation in Australia, after cyclones and floods at the turn of the year spoiled the country’s agricultural and mining sectors.

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Economic growth of Thailand slows because of supply chain disruptions

Economic growth of Thailand slows because of supply chain disruptions

Economic growth of Thailand is dawdled in the 2nd quarter because of supply chain disturbances resulted by the tsunami and earthquake in Japan. Improvement was 2.6 percent in the 3 months to the month of June, from a year ago, sliding from 3.2 percent in the 1st quarter.

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