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Source: NY Times
PARIS — Spain’s borrowing costs soared again Thursday, nearing the crucial 7 percent level, after Moody’s Investors Service downgraded the country’s bond rating and put it on review for further cuts.
June 13, 2012 UN's largest-ever conference kicks off in Rio de JaneiroSource: Fox News
RIO DE JANEIRO – The United Nations' largest-ever conference has kicked off in Rio de Janeiro. The Rio+20 conference on sustainable development is expected to draw some 50,000 participants including delegates, environmental...
June 13, 2012 Race to the Top for China's Toy ManufacturersSource: CRI.cn
On June 12, a new toy safety standard came into effect in the United States of America. Although the standard was approved in December last year, it took 180 days for the standard to become federal law, thus replacing the...
June 13, 2012 London's Olympics Won't Deliver Economic Gold?Source: Time
Sports BusinessLondon’s Olympics Won’t Deliver Economic Gold By David Futrelle | June 13, 2012 | 1 inShare.6 Log In with FacebookSharing TIME stories with friends is easier than ever. Add TIME to your Timeline. Learn...
The national campaign against carbon pricing intensified today with news the scheme was largely responsible for the steep rise in NSW electricity prices.
June 13, 2012 Health Care Reform and the Big 'What If?'?Source: Fox News
Within days, the Supreme Court is expected to decide the fate of the Affordable Care Act. If the court determines that Congress acted within its constitutional powers in passing President Barack Obama's landmark health care...
Source: BBC News
JP Morgan Chase chairman and chief executive Jamie Dimon is to apologise for the bank's $2bn (£1.3bn) losses on high-risk trades. Mr Dimon is due to appear before the US Senate Banking Committee later on Wednesday.
Iran's oil exports have fallen by an estimated 40 percent since the start of the year as Western sanctions tear into the country's vital oil industry, the International Energy Agency said on Wednesday.
June 13, 2012 Osborne says Greece may have to quit euroSource: Reuters
Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Britain's finance minister George Osborne suggested in remarks certain to enrage...
June 13, 2012 Bailout in Spain Leaves Taxpayers Liable for the CostSource: CNBC/NY Times
After clinching a $125 billion bailout for Spain’s banks, Prime Minister Mariano Rajoy flew to Poland on Sunday for the Spanish team’s soccer match, declaring “this matter is now resolved.”
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