From US ECONOMY 3:04pm

Midwest leads US manufacturing revival

General Imagery From Inside GM's Lake Orion Plant ©Bloomberg

Jobs increase fuelled by resurgent car industry

From COMPANIES 10:17pm

Report blasts ENRC for Congo deals

Panel attacks  ‘opaque concession trading’

From WORLD 3:30pm

S&P cuts Egypt’s credit rating further

Downgrade serves as a rebuke to government’s economic moves

From WORLD 3:01pm

Portugal and Greece joblessness hits highs

Greek unemployment among 16- to 24-year-olds reaches 64%

Global Market Overview from MARKETS 9:25pm

Equities pause as focus shifts to FX

S&P 500 breaks run of record highs

Analysis

Chinese workers check arrays of solar panels on the rooftop of an enterprises building in Changxing county, east Chinas Zhejiang province, 7 February 2012. The United States Commerce Department said Tuesday (Mar. 20) it would impose tariffs on solar panels imported from China after concluding that the Chinese government provided illegal export subsidies to manufacturers there. The tariffs were smaller than some American industry executives had hoped for - 2.9 percent to 4.73 percent - which could blunt their effect on the market. But additional tariffs could be imposed in May, when the Commerce Department is scheduled to decide whether China is dumping solar panels into the United States at prices below their actual cost. A finding of dumping would result in additional tariffs that could be far larger than the anti-subsidy tariffs ©Corbis

Some European companies fear a trade showdown with China over solar equipment imports

Martin Wolf’s Exchange

Flags of the EU member states fly in fro...Flags of the EU member states fly in front of the European Parliament in Brussels on July 19, 2012. Eurozone finance ministers will hold a teleconference on July 20 to finalise a Spanish bank bailout deal, Luxembourg prime minister and Eurozone President Jean-Claude Juncker said. Eurozone governments have pledged an aid package of up to 100 billion euros ($122 billion) for Spain's debt-mired bank sector. puknews ©AFP

Capital may flow outside the eurozone if it no longer flows from creditor to debtor countries

A worker drives a new Nissan Motor Co. Qashqai SUV automobile aboard the Le Mans Express roll on, roll off (RoRo) ship at Barcelona port in Barcelona, Spain EU ECONOMY 6:29pm

Exports brighten Spain’s economic gloom

Analysts say foreign demand not enough to offset slowdown

CHINESE ECONOMY 4:03am

Chinese inflation rises on vegetable prices

Consumer prices 2.4% higher in April

From WORLD 11:58am

Big tobacco lights up Indonesia’s smoking war

Country’s cigarette market one of the least regulated

A woman uses a parasol to shelter from the sun as she walks through the Namdaemun market on September 5, 2011 in Seoul, South Korea ©Getty From WORLD 12:40pm

Gangnam’s estate agents yearn for new tune

Weak South Korean housing market is holding back wider growth

From US ECONOMY 3:37pm

US jobless claims stay at five-year low

Four-week average at lowest since before the recession began

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In this file photo miners dig for diamonds in Marange, Zimbabwe ©AP Zimbabwe government plans to tighten further its grip on mining

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MAY 9 ECONOMIC DATA - Click here for full calendar

Country Data Estimate Actual
Australia Unemployment 5.6% 5.5%
S Korea Bank of Korea rate 2.75% 2.5%
China CPI 2.3% 2.4
UK Industrial production (MoM) 0.2% 0.7%
Bank of England base rate 0.5% 0.5%
US Initial claims 335,000 323,000

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