Reuters – Japanese exports rose more than expected in June from a year earlier but the pace of increase slowed for the fourth straight month, a sign the economic recovery may lose steam on moderating overseas demand.
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Japan export growth slows; yen rise may hurt ahead
(Reuters)
Reuters – Euro zone member Slovakia will have strong reasons to reconsider its help to indebted euro group member Greece, the Eurogroup Chairman Jean-Claude Juncker was quoted as saying.
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EU’s Juncker says Slovakia may reconsider help to Greece
(Reuters)
AP – Yahoo Inc.’s second quarter was humming along until the second half of June when management said several major advertisers reined in their spending.
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On the Call: Yahoo CEO Carol Bartz
(AP)
The world’s largest automaker, which is trying to repair a reputation damaged by recalls of millions of cars worldwide, said the federal grand jury issued the subpoena to its U.S. subsidiary in late June. Toyota said it was the company’s second subpoena from a federal grand jury.
Reuters – There should be no “big catastrophes” from stress tests on European banks but the reviews should be tough, the chairman of euro zone finance ministers, Jean-Claude Juncker, was quoted as saying.
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No catastrophes from Europe stress tests expected: Juncker
(Reuters)
AP – China’s foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
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China’s foreign reserves rise to $2.45 trillion
(AP)
Reuters – China’s trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.
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China shrugs off global fears with export strength
(Reuters)
Reuters – The U.S. service sector expanded in June for a sixth straight month but growth was at the slowest pace since February, the latest evidence that the economic recovery is cooling.
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Service sector grows more slowly, employment weak
(Reuters)
AP – The service sector grew more slowly in June, an industry trade group said Tuesday, offering the latest sign that growth could weaken in the second half of the year.
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ISM says service sector growth slows in June
(AP)
Reuters – U.S. private payrolls rose only modestly in June and overall employment fell for the first time this year as thousands of temporary census jobs ended, indicating the economic recovery is failing to pick up steam.
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Weak private hiring in June shows tepid U.S. recovery
(Reuters)
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