U.S.
  • U.S. retail sales rose in July by the largest amount in five months, buoyed by more spending on autos, furniture and clothing.

    LAST UPDATE : Aug 22, 2012, 2:06 AM EDT
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  • World stock markets eased on Monday after weak Japanese economic data added to evidence tha tthe global economy is slowing.

    LAST UPDATE : Aug 21, 2012, 6:14 PM EDT
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  • By Steve Slater

    (Reuters) - It was in October 2006 that a senior executive at Standard Chartered in New York pressed the alarm bell over the bank's dealings with Iranian customers.

    Realizing the bank was being too slow to react to regulators' concerns that the transactions might break U.S. sanctions against Iran, Ray Ferguson, then head of Standard Chartered Americas, fired off an email warning of potentially "catastrophic reputational damage".

    LAST UPDATE : Aug 21, 2012, 4:09 PM EDT
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  • U.S. stocks notched a gain for the sixth session in a row on Friday, while the euro faltered as gloomy Chinese economic data butted up against expectations policymakers could act to shore up the world's economies.

    LAST UPDATE : Aug 21, 2012, 3:09 PM EDT
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  • COLLINS, IA - AUGUST 07: Corn plants struggle to survive in a drought-stricken farm field on August 7, 2012 in Collins, Iowa. An exceptionally hot summer and the worst drought in more than a half century has caused cut prospects for the U.S. corn crop to a five-year low and has sent prices up to over $8.00 a bushel in late July trading. The price surge and limited supply has also prompted ethanol plants to voluntarily slow production by 20 percent, a two year low.

    The worst U.S. drought in more than half a century has battered the corn and soybean crops with larger losses than expected, causing domestic stockpiles to shrivel to near bare-bones levels.

    LAST UPDATE : Aug 21, 2012, 2:27 PM EDT
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  • U.S. regulators directed five of the biggest U.S. banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

    LAST UPDATE : Aug 21, 2012, 12:17 PM EDT
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  • MANCHESTER, ENGLAND - MAY 06: Wayne Rooney of Manchester United in action during the Barclays Premier League match between Manchester United and Swansea City at Old Trafford on 6 May 2012 in Manchester, England.

    The world's most popular sports team is getting ready to list its stock on the world's largest exchange.

    LAST UPDATE : Aug 21, 2012, 11:17 AM EDT
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  • The giant U.S. agribusiness said on Thursday that quarterly earnings fell 82%, its worst quarter in more than 20 years.

    LAST UPDATE : Aug 21, 2012, 11:17 AM EDT
    Story

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