by John West, Asian Century Institute
From the heady hype of 2010-2012, speculation about the prospects for an Asian century has cooled down.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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by John Jewell, The Conversation
For most British people the Dunkirk evacuation between May 26 and June 4 1940 was the most significant early event of World War II. And in the 75 years since those momentous events it has come to occupy, in Penny Summerfield's words, 'an iconic place in British culture'.
Infographic Of The Day: Indian E-Commerce
For all the shopaholics addicted to online shopping, have a look at this Infographic showing some interesting facts and figures on the growth of the E-commerce in India.
FOREX NEWS by DailyForex
According to the UK’s Office for National Statistics (ONS), the original estimate for Q1 growth in 2015 was spot-on at 0.3%. The figure represents a significant slowing of the UK economy from the pace seen in Q4 2014 which came in twice as high.
Chinese shares came back slightly on Friday after plunging drastically the day before, but couldn’t prevent investors from remaining skeptical that the equity market was turning around.
Investors, speculating that interest rates in the United States are likely to rise higher this year, helped to push the U.S. Dollar to a multi-year peak versus the Japanese Yen.
The totally anonymous “numbered Swiss bank account” much beloved by authors of crime fiction as the ultimate repository for hiding one’s ill-gotten gains may itself, have its days numbered.
Australia released its business capital expenditure (CAPEX) report Thursday and it wasn’t promising.
by Lee Adler, Wall Street Examiner
Core capital goods orders, adjusted by the PPI to reflect the actual volume of orders over time, fell 1% year to year in April. We know that the BLS is understating the inflation rate, so the actual trend is probably worse than this. But this is bad enough.
U.S. stocks end month on a sour note, as disappointing GDP data weighs
by Investing.com Staff, Investing.com
U.S. stocks fell broadly on the final trading session of the month, as U.S. GDP for the first quarter was revised downward on Friday as expected, providing a harbinger for tepid economic growth over the current period.
Stocks dropped considerably on Friday after GDP in the first quarter was lowered to minus 0.7% from an initial reading of 0.2%. The reading was in line with analysts' expectations of a downward revision of minus 0.8%. A surge in imports to 5.6% from an initial gain of 1.8%, linked to an abrupt unloading of imports at West Coast ports was thought to be responsible for the revision. A port work stoppage throughout the winter weighed on the U.S. economy in the first quarter.
29May2015 Market Close: Indexes Close Down For The Week, Greece, China And Weak U.S. Data Worry Inve
29May2015 Pre-Market Commentary: U.S. GDP Sinks Lower, Oil Up, U.S. Dollar Down, U.S. Futures Off Fr
ECRI's WLI Growth Index which had spent 28 weeks in negative territory - is now in its fourth week in positive territory but was little changed this week. ECRI also released its lagging indicator this week and is reported below.