- Eurozone Economy Continues Weak Growth in Q1
The economies in the 16-member eurozone grew 0.2 percent from quarter-to-quarter, while the GDP in the eurozone countries rose 0.6 percent compared to the same period in 2009.
- Obama Commits 1.85Bln to Solar Firms
The U.S. President Barack Obama said on Saturday his administration is awarding nearly 2 billion U.S. dollars in new investments to two solar companies for new jobs.
- Australia Cuts Resources Tax to 30Pct
Australian government on Friday cut the tax rate for iron ore and coal profits from 40 percent to 30 percent, a substantial concession to the mining firms.
- HSBC China June PMI Slips to 50.4
HSBC China June PMI slipped to 50.4 from 52.7 in May as new output and new orders dropped outright for the first time since the depths of the global downturn in March 2009.
- EU Fines Steel Makers 518Mln Euros for Cartel
The producers of prestressing steel, including industry giant ArcelorMittal, have been operating the price-fixing and market-sharing cartel between 1984 and 2002 in all EU member states excluding Britain, Ireland and Greece.