- Wall Street had its worst day in more than four months as the dollar weakened and concerns about the strength of the retail industry arose following a sales decline at Wal-Mart Stores Inc.
- A think tank at Beijing-based China Renmin University estimates China's gross domestic product to grow a little slower rate of about 9.25% in 2007 from a projected 10.48% this year.
- Rumors persist the IMF may sell part of its massive 3,217 ton Gold reserve valued at $65B to cover losses it projects for the next two years.
- Bank of Japan Governor Fukui said that he wants to gradually raise Japan's interest rate, but does not want to interfere with the economy's recovery.
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