WASHINGTON-- The Federal Reserve reports how much consumers borrowed in October. The report will be released at 3 p.m. EST Friday. BORROWING MORE: The forecast is that consumer borrowing rose $13.9 billion in October compared with September when borrowing had increased $13.7 billion.» Read More
*China Q2 GDP seen down to 7.5 pct vs 7.7 pct in Q1. BEIJING, July 8- China's resolve to revamp its economy for the long-term good will be tested this month when a slew of data show growth is grinding towards a 23- year low, with no recovery in sight.
HONG KONG, July 8- Hong Kong shares could start the week weaker on Monday, with high dividend stocks coming under some pressure after U.S. In a statement from the State Council, or cabinet, Beijing laid out broad plans to ensure banks support the kind of economic rebalancing China's new leadership wants as it looks to focus more on high-end manufacturing.
SEOUL, July 8- Asiana Airlines Inc said the pilot in charge of landing the Boeing 777 that crash-landed at San Francisco's airport on Saturday was training for the long-range plane and that it was his first flight to the airport with the jet.
Treasury in federal court in Washington to challenge the 2012 changes of the bailout terms set for government-owned mortgage firms Fannie Mae and Freddie Mac.
*Japan logs current account surplus in May. Outstanding loans held by Japanese banks rose 1.9 percent in June from a year earlier, Bank of Japan data showed on Monday, marking the 20th straight month of increase and posting the biggest gain since July 2009.
WASHINGTON, July 7- Days after delaying health insurance requirements for employers, the Obama administration has decided to roll back requirements for new state online insurance marketplaces to verify the income and health coverage status of people who apply for subsidized coverage.
*Japan's Nikkei rises 1.1 pct but Asian shares slip. TOKYO, July 8- Japanese shares rose on Monday and the dollar hit a three-year high against a basket of major currencies after U.S. job creation accelerated in June, signalling growth in the world's largest economy is gathering momentum.
SINGAPORE, July 8- Gold fell for a third session on Monday on fears the U.S. *U.S. employers added 195,000 new jobs to their payrolls last month, exceeding expectations of 165,000, the Labor Department said on Friday, cementing expectations the Fed will start winding down its $85 billion monthly bond purchases.
Treasury for government-owned mortgage firms Fannie Mae and Freddie Mac. The lawsuit alleges that the Treasury and the regulator for Fannie Mae and Freddie Mac violated a 2008 law that put the two mortgage companies into conservatorship as they faced insolvency at the height of the U.S. financial crisis.
So far, there were no indications of mechanical failure aboard Asiana Airlines flight 214 before it touched down short of the runway in San Francisco, skidded across the tarmac and erupted in flames, killing two passengers and injuring more than 180 people.
July 7- All items on the BUSINESS-NEWS-SCHEDULE have moved. We will continue to transmit copy on merit throughout the night. For urgent editorial inquiries, call 800-869-9108 or 202-898-8464.
July 7- Liberty Media Corp Chairman John Malone, who has bought and sold cable and media companies for decades, might be the most popular billionaire roaming the Sun Valley Resort as deal making returns to the spotlight at the annual gathering of media and tech moguls.
SYDNEY, July 8- The U.S. dollar hit a fresh three-year high against a basket of major currencies in Asia on Monday as market expectations grew that the Federal Reserve will scale back stimulus as early as September following solid jobs growth. The dollar index rose as high as 84.561 first thing this morning, reaching a level not seen since July 2010.
TOKYO, July 8- U.S. crude futures extended gains to hit a 14- month high above $104 a barrel on Monday, after posting their biggest weekly gain in a year last week, as better-than-expected U.S. jobs data fueled hopes for increased economic activity.
*Fear of drag on trade as Europe seeks to exit crisis. LONDON, July 8- A proposed EU financial transaction tax could discourage use of the foreign exchange market by typically raising costs of doing business by up to 700 percent, a report said on Monday.
*BP estimates compensation to date at $8.2 bln. LONDON, July 8- The number of claims filed against BP Plc's oil spill compensation fund has risen by 18 percent over the last six weeks to a total of 195,403, according to the claims website- even though payouts began almost a year ago and the fund will be accepting claims until next April.
July 7- The deadly train derailment in Quebec this weekend is set to bring intense scrutiny to the dramatic growth in North America of shipping crude oil by rail, a century-old practice unexpectedly revived by the surge in shale oil production.
*No signs of trouble until 7 seconds before crash.
*Athens needs 8 bln euros but payment set to be drawn out. BRUSSELS, July 8- The euro zone must decide on Monday how to keep Greece on a lifeline but is divided over whether to delay aid payments to Athens in an attempt to force through unpopular reforms ranging from sacking public workers to selling state assets.
ZURICH, July 8- A group of mainly European retailers has finalised a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.