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Fewer people sought U.S. unemployment benefits last week, driving down the level of applications to nearly the lowest in seven years.
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India's new government unveils growth budget

Kay Johnson, Associated Press  |  posted 53 minutes ago
India's new government introduced a reform-minded budget Thursday, telegraphing a contentious overhaul of populist subsidies and vowing to lift economic growth to rates of 7-8 percent by spending billions of dollars on infrastructure.
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Greece raises cash in 3-year bond auction

The Associated Press  |  posted Jul 10th - 6:10am
Greece has raised 1.5 billion euros ($2.04 billion) in an auction of three-year bonds, its second debt issue in three months after a long absence from the international markets.
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More 'headline-grabbing' corporate deals expected

Pan Pylas, Associated Press  |  posted Jul 10th - 6:10am
More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.
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Boeing raises forecast for new airplane demand

The Associated Press  |  posted Jul 10th - 5:50am
Boeing raised its long-term forecast for new airplane demand by more than 4 percent, and it's smaller aircraft and orders from the Asia-Pacific region that are driving growth.
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Hollywood 'Godzilla' finally stomps home to Japan

Yuri Kageyama, Associated Press  |  posted Jul 10th - 5:21am
Tokyo is rolling out the red carpet for Hollywood's "Godzilla" remake although the nation that gave birth to the fire-breathing monster is seeing the latest movie after it opened everywhere else.
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Cleanup of ND pipeline spill could last weeks

Josh Wood, James MacPherson, Associated Press  |  posted Jul 10th - 4:50am
Company officials say cleanup efforts are expected to take weeks after a pipeline on North Dakota's Fort Berthold Indian Reservation leaked around 1 million gallons of saltwater.
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North Dakota pipeline spill cleanup may take weeks

Josh Wood, James MacPherson, Associated Press  |  posted Jul 10th - 4:50am
Company and tribal officials say a pipeline on North Dakota's Fort Berthold Indian reservation has leaked 1 million gallons of saltwater, with some of the fluid finding its way to a bay that leads to a lake that provides drinking water for the reservation.
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Bank fears reignite Portugal market tensions

Barry Hatton, Associated Press  |  posted 22 minutes ago
Worries over the health of one of Portugal's largest financial groups hit the country's stock market hard Thursday and pushed up its borrowing rates.
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5 journalists jailed 10 years for Myanmar stories

The Associated Press  |  posted 22 minutes ago
Four reporters and the chief executive of the magazine they work for were sentenced Thursday to 10 years of hard prison labor for violating Myanmar's national security by writing and publishing stories about a weapons factory.
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US, China talk cyberhacking amid new allegations

Bradley Klapper, Louise Watt, Associated Press  |  posted 34 minutes ago
Top American officials said Thursday they challenged their counterparts in China to rein in alleged cybersecurity infringements as a new allegation emerged of a brazen attempt by Chinese hackers to break into U.S. government personnel files.
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Malaysia hikes rate to curb inflation, debt

The Associated Press  |  posted Jul 10th - 6:20am
Malaysia's central bank has raised its benchmark interest rate for the first time in three years to curb inflation and household debt as economic growth picks up.
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Indians balk at $33 million statue in new budget

Muneeza Naqvi, Associated Press  |  posted Jul 10th - 6:10am
In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees ($33 million) for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.
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Bank of England leaves interest rates steady

The Associated Press  |  posted Jul 10th - 5:10am
The Bank of England has kept interest rates steady at a record low of 0.5 percent and refrained from pumping more money into the economy even as the recovery gathers strength.
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South Korea cuts growth outlook on ferry disaster

Youkyung Lee, Associated Press  |  posted Jul 10th - 4:20am
South Korea's central bank said economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking.
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Samsung faces fresh child labor claim in China

Youkyung Lee, Associated Press  |  posted Jul 10th - 4:00am
Samsung is facing a fresh accusation that one of its China suppliers hired children to meet production targets during a period of high demand from the South Korean electronics giant.
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