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| German Marshall Plan |
 EUROPEAN leaders seemed to
understand, at least until recently,
that even a partial breakdown of
the eurozone would have a devastating
economic and political
impact on departing countries and on the
European Union as a whole. But while
they have repeatedly committed to ... |
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| THE HONEST TRUTH
ABOUT DISHONESTY |
 IN the 1970s, the gift shop at
the Kennedy Centre for the
Performing Arts was an informal
affair. It was staffed by
about 300 mostly elderly volunteers,
and there were cash drawers
instead of registers. The problem
was that of the shop's
$400,000 in annual revenue,
somebody was ... |
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 | Indian shares gain even as
divergent data roil markets
INTEREST rate sensitive banks
and realty stocks surged on
Tuesday, pushing up benchmark
Sensex by 195 points after weak
IIP April data bolstered hopes
that Reserve Bank of India (RBI)
will cut rates as early as this week.
After S&P´s downgrade warning
shaved.
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| | Baosteel to cut prices by 4% in July |  SHANGHAI steel futures
slipped on Tuesday, weighed
down by concerns demand in
top steel consumer China will
remain weak through next
month, prompting major producer
Baosteel to cut prices for
the first time this year.
Baosteel Group, the world´s
third biggest steelmaker and
parent of Shanghai-listed listed
Baoshan Iron and Steel ,
said it will cut prices of its
main products by around 4
percent in July.
Baosteel´s pricing moves are
seen as a bellwether for the
industry, and the last time it
reduced prices was in
December 2011, when
Beijing´s monetary tightening
moves dented steel demand.
The most traded rebar contract
for October delivery on
the Shanghai Futures
Exchange dropped 0.6 percent
to close at 4,100 ... | | | Europe debt crisis worries
struggling Chinese airlines |  LOWER oil prices this
month have lessened the
pain for struggling Chinese
airlines, but a slowing
domestic economy and a
darkening outlook for consumers
worried about
Europe´s debt crisis pose
risks outside their control,
industry executives said this
week.
Company leaders attending
the International Air
Transport Association
(IATA) meeting in Beijing
said they have renewed concerns
about the outlook for
the country´s biggest carriers,
all of which were bringing
in hefty profits only two
years ago.
"The drop-back of oil
prices may help, but it may
be offset by further weakness
in terms of consumer confidence,"
said Andrew
Herdman, director general of
the Association of Asia
Pacific Airlines. "We learnt
in the ... | | | India´s industry stalls as
economic woes mount |
 INDIA´S industrial output
grew just 0.1 percent in April
year-on-year, official data
showed on Tuesday, adding
to concerns about the economy
and raising the chances of
an interest rate cut next week.
The manufacturing sector,
which accounts for three-quarters
of the industrial production
index, expanded a weakerthan-
expected 0.1 percent,
while production of capital
goods, a key indicator of investment,
shrank 16.3 percent.
"Frankly speaking I am disappointed
and industry has
not yet picked up," Finance
Minister Pranab Mukherjee
told reporters after a meeting
with leading industrialists.
"The negative sentiments for
investment which is continuing
for some time are still
there," he added, reiterating a ... | |
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