China June Flash HSBC PMI Falls to 9-Month Low
CNBC
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The closely-watched private survey of Chinese manufacturers showed the purchasing manager's index falling to 48.3, worse than the 49.2 reading in May when the index moved into contractionary phase for the first time in seven months.
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Sales of air purifiers and face masks have surged after Singapore's pollution index hit the "hazardous" end of the scale Wednesday night. The haze is a result of slash-and-burn land clearing from the Indonesian island of Sumatra.
Wednesday, 19 Jun 2013 | 7:21 PM ETAs China pushes forward with its urbanization push, some farmers are being forced to trade in their ploughs for urban life. CNBC's Eunice Yoon sent us this report from Chonqing.
Wednesday, 19 Jun 2013 | 12:00 PM ETHubo 2, a robot built in South Korea shows off its Gangnam Style moves. From this morning's Today show.
Highlights
Buddhist monks on private jets? Thai officials are monitoring them for indulging in "worldly lifestyles." |
Global fish prices have leapt to all-time highs as China's growing appetite runs up against lower catches. |
Goldman and Citi are bullish on this Asian country, which is currently the cheapest market after China. |
Boeing upped the stakes at the Paris Air Show after revealing its raft of orders and its new 787-10 launch. |
Although he failed to win Royal Ascot, Animal Kingdom still has a lucrative stud career awaiting him. |
High youth unemployment in parts of Europe could mean mass protests this summer like the ones seen in Brazil. |
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Australia has been clouded with negative forecasts in recent weeks, but one report says the economy is set to bounce back.
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Former tennis player Andre Agassi tells CNBC the private sector is the best means through which to create better schools in America.
Charting Asia with Daryl Guppy
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China remains one of Asia's worst-performing stock markets this year, but there are reasons to believe the prevailing downtrend for the long-time laggard may be coming to an end.
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Asia-Pacific News
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The slump in the Indian rupee, which is hovering near lifetime lows, poses a threat to the recovery in Asia's third largest economy that is already on fragile footing.
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Australia has been clouded with negative forecasts in recent weeks, but one report says the economy is set to bounce back.
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Activity in China's vast manufacturing sector may have decelerated further in June, the flash HSBC China purchasing manager's index is expected to show on Thursday.
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Investor confidence in emerging markets continues to plummet, with a fund managers' survey by BofA Merrill Lynch showing that equity investment in the group has fallen to its lowest level since 2008.
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Global fish prices have leapt to all-time highs as China's growing appetite for high-end species runs up against lower catches. The Financial Times reports.
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Asia will spearhead the rise in global stock markets from now until the end of the year, according to a worldwide Reuters poll.
Europe News
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The IKEA Foundation, the philanthropic arm of the iconic Swedish furniture maker, has helped come up with a more comfortable refugee shelter.
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An Italian court on Wednesday sentenced fashion design duo Dolce and Gabbana to one year and eight months in prison for hiding hundreds of millions of euros from the tax authorities.
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Economist and former member of the Bank of England's Monetary Policy Committee, Adam Posen said while outgoing governor Mervyn King will be remembered as being a great public servant, he made a series of misjudgements.
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Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show but he said he was disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle planes to allow for cheaper fares.
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"Proactive vigilance" is needed to safeguard the "hard won" solvency of Spain's banking system, and Europe needs to do more to ease Spain's financial woes, the IMF has warned.
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In a week that has seen Boeing's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market.
Paris Airshow 2013
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Ryanair CEO Michael O'Leary finalized an order for 175 Boeing 737-800 aircraft at the Paris Air Show but he said he was disappointed that neither Boeing nor Airbus could offer him a few more seats on their single-aisle planes to allow for cheaper fares.
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The Paris Airshow, the world's biggest, is celebrating its 50th anniversary this year. Click ahead for the highlights from the show.
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In a week that has seen Boeing's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market.
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As trade between African nations rises, there is also a growing need for fast, efficient travel between countries. Yet air transport links remain under-developed.
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Bombardier Commercial Aircraft's President says the Canadian aircraft manufacturer is bullish on the BRIC nations as it details its new CSeries planes at the Paris Air Show, hoping to take advantage of a gap in the market.
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After an opening day at the Paris Air Show that saw Airbus announce an impressive amount of orders, Boeing fought back on Tuesday with a raft of orders and the launch of the latest in the line of 787 Dreamliners, the 787-10.
Industrial Revolutions
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Find out how self-driving cars could revolutionize the auto industry in the next decade.
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From the first flight in 1903, air travel has come a long way - and trips to outer space could be next.
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Start-ups are using social networking and technological advances to innovate personal banking and give control back to the consumer.
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MIT is focusing on technology that could redefine the process of construction.
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Companies are moving beyond the mouse and touchscreens to create the next form of computer interactivity.
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Experts believe that fusion energy - which would never run out and is environmentally-friendly - could one day form 50% of the energy market, although it may not come into use for another few decades.
Technology
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Facebook may be about to make a push into short-video-sharing, and it could mean big money for the company in the future.
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Less than one week after E3, Microsoft has announced a major policy change on the most controversial policies of the Xbox One, bowing to growing negative consumer sentiment.
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Microsoft was recently in advanced talks about purchasing Nokia's device business, according to a report in the Wall Street Journal, but talks have faltered.
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Jeffrey Katzenberg is changing DreamWorks Animation from a movie studio with a few big films a year to a multiplatform media business.
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The tech giant announced that the HBO GO and WatchESPN applications are now available on its Apple TV platform.
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Three attorneys general want Google to change the way its search engine displays results, accusing the company of helping facilitate the sale of illegal goods.
Finance
NetNet
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His term expires January. People are saying Obama fired him earlier this week. Bernanke won't talk about it.
Market Insider with Patti Domm
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Taper Tantrum! Fed Chairman Ben Bernanke stated again that if economic conditions continue to improve, the Fed will begin tapering its bond purchases by year end.
By the Numbers
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The CBOE Volatility Index, the market's so-called fear gauge, stretched over a 22 percent range in each of the last two weeks, its first such streak since March.
Opinion
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Forcing businesses to pay the minimum wage for interns ignores both the costs incurred by the host business and the value received by the intern.
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Diana Furchtgott-Roth, Manhattan Institute senior fellow, parses the data and says the comparison is bogus.
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A panel of experts and Larry Kudlow discuss the Supreme Court's refusal to declare "pay to delay" deals between pharmaceutical companies and generic drugmakers illegal.
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Can anyone tell me with a straight face that they knew the S&P 500 would be flirting with all time highs right now, asks investment adviser Michael Farr.
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The euro is a unique example of an asset class with intrinsic investment features, but is it a reliable store of value?
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Scott Rasmussen, Rasmussen Reports, discusses a recent poll that found 57 percent of people believe the government will use NSA surveillance data against political opponents.