*General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.» Read More
BEIJING, July 16- China's economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.
Jorge Mariscal, Regional CIO, Emerging Markets at UBS, says internal weaknesses among BRICS nations was likely the main catalyst for the creation of the new development bank.
The group of five emerging market nations moved closer to an agreement on where to base a joint development bank, officials close to the matter said.
*Data due at 10 a.m. local time/ 0200 GMT. BEIJING, July 16- China's leaders are expecting to see a dividend from three months of stimulus spending in second-quarter growth data on Wednesday, but the economy may need even more state support to meet this year's growth target of 7.5 percent.
BEIJING, July 15- Beijing stepped up efforts to re-energize China's economy in June, pumping in more money and pressing banks to extend more loans, but analysts say more stimulus will be needed to sustain recovery.
SHANGHAI, July 15- China's yuan fell slightly against the dollar for the second day on Tuesday, pushed down by corporate demand for dollars after the central bank set another weaker midpoint, traders said.
Luca Silipo, Chief Economist for Asia Pacific at Natixis, explains why emerging countries will need a multilateral institution that oversees issues like financing.
Daryl Liew, Head Of Portfolio Management at Reyl Singapore, says the mainland will see "stronger growth over the next few quarters", which will in turn buoy Chinese equities.
Jim Rickards, Senior Managing Director at Tangent Capital, explains how the new bank differs from the World Bank and the International Monetary Fund.
July 14- Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories' branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and also cut its tax bill.
NEW DELHI, July 14- India's inflation eased in June after the new government curbed farm exports, but a growing risk that drought will damage summer crops could encourage the central bank to keep interest rates on hold at a policy review meeting early next month.
MUMBAI, India— India benchmark inflation rate eased to 5.4 percent in June, the lowest level in four months, the government said Monday. The data comes as Asia's third-largest economy is trying to revive growth while battling a rising cost of living. India's government has set a target of between 4 and 5 percent as an acceptable level.
*Risk of drought, Iraq turmoil add to inflation worries. NEW DELHI, July 14- India's wholesale price inflation eased to a four-month low in June after the new government curbed farm exports, but a growing risk that drought will shrivel summer crops could encourage the central bank to keep interest rates on hold.
BEIJING, July 14- China's fiscal expenditure surged 26.1 percent in June from a year earlier to 1.65 trillion yuan, reflecting government efforts to speed up spending to shore up the economy.
Paul Krake, Founder of View from the Peak: Macro Strategies, says ratings for Brazilian president Dilma Roussef will fall post-World Cup. He later discusses the outlook for the BRICS nations.
As food inflation nears 10 percent, the new government of Prime Minister Narendra Modi faces accusations that it is doing no better at reining in prices than the Nehru-Gandhi dynasty's Congress party, which suffered its worst election defeat in May.
NEW DELHI, July 10- India's new government on Thursday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence.
NEW DELHI— In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.
*China copper imports fall 7.9 pct on month in June. *Codelco to cancel some shipments to China in H2- sources. In top copper consumer China, data showed its trade performance improved in June but still missed market forecasts, reinforcing expectations that Beijing will have to unveil more stimulus measures to stabilize the economy.
BEIJING, July 10- U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies for years.