Fed Weighs Stimulus If Outlook Worsens Federal Reserve officials downgraded their expectations for the economy and said further central-bank action might be necessary if the economic outlook "were to worsen appreciably." (WSJ)
BOJ Upgrades Growth Forecast Japan’s central bank held its rock-bottom key interest rate and revised upward its economic-growth projections.(WSJ)
China economy shows signs of cooling Anti-speculation measures start to impact. The country’s economy slowed in the second quarter to a growth rate of 10.3 per cent compared with the year before, as government efforts to cool the housing market and infrastructure investment began to bite (FT)
Italy prepares to pass austerity package Berlusconi is forced to resort to vote of confidence (FT)
Indian inflation stays above 10% Second rate rise of the month expected (FT)
Are Designer Sunglasses Worth the Price? Maybe not, writes Brett Arends. For starters, most shades are made by the same company. Here’s what you need to know before buying. (WSJ)
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