Tuesday, July 06, 2010

Quick Overview

  • The Institute of Supply Management's index of services fell from 55.4 to 53.8 in June

  • Australia kept its interest rate unchanged at 4.5%. The Reserve Bank of Australia says that despite recent caution, it is confident about growth in China and the region.

  • Retail sales volume in the EU-27 rose 0.4% in May.

  • 'Very dry conditions' in Thailand may see world's second-ranked sugar exporter suffer a fall of more than 1m tonnes in output in 2010-11, Rabobank.

  • India's south-west monsoon rains have covered the entire country, about 10 days earlier than the normal date, the country's weather office said.

  • An area of disturbed weather over the southeastern Gulf of Mexico could strengthen into a tropical storm later this week, the U.S. National Hurricane Center said on Monday.

  • MoM global chip sales rose 4.5%

  • Greenpeace levelled new accusations of rainforest destruction against Indonesian agribusiness giant Sinar Mas and urged retailers Carrefour and Walmart to stop buying their products.

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