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* Q1 net profit 2.52 trln won vs consensus of 2.39 trln won * Competition, supply restraints hit sales, margins in Korea, U.S. * Outperforms in China with new model, factory * Shares up 0.5 pct after results SEOUL, July 25 (Reuters) – Hyundai Motor Co’s second-quarter net profit stayed near a record high achieved […]

Thu Jul 25, 2013 1:30am EDT * Q1 net profit 2.52 trln won vs consensus of 2.39 trln won * Competition, supply restraints hit sales, margins in Korea, U.S. * Outperforms in China with new model, factory * Shares up 0.5 pct after results By Hyunjoo Jin SEOUL, July 25 (Reuters) – Hyundai Motor Co’s […]

After two quiet seasons to start his NFL career, Stevie Brown burst onto the scene in 2012 in his first year with the New York Giants. The 26-year-old was second in the NFL with eight interceptions, despite not seeing consistent playing time until the fourth game of the season. Even better, he led the league […]

Since President Obama took office in 2009, he has repeatedly sworn to tackle America’s economic malaise. “If President Barack Obama‘s new focus on the economy sounds familiar, that’s because he’s done it before,” the Associated Press noted archly this week. “Obama has been launching—and re-launching—initiatives on the economy. Some came with new policy proposals, others […]

CONFRONTED by signs of economic vulnerability, India’s economic policymakers are blaming poor performance on inadequate ‘reform’. Measures to appease and attract foreign capital are being advocated and announced as a solution to the country’s problems. This ignores the evidence that major policy shifts over the past two decades have fundamentally altered the economic environment, making […]

Is the eurozone exiting recession? The 17-member single currency has managed to jump to a one month high outright this morning. Euro bourses are in the “black” and German short-term yields are backing up after data from two of the region’s largest economies show signs of growth. A preliminary reading of 50.4 on the eurozone’s […]

CONFRONTED by signs of economic vulnerability, India’s economic policymakers are blaming poor performance on inadequate ‘reform’. Measures to appease and attract foreign capital are being advocated and announced as a solution to the country’s problems. This ignores the evidence that major policy shifts over the past two decades have fundamentally altered the economic environment, making […]

China growth fears in focus Market focus was on HSBC’s flash estimate of its China July purchasing managing index (PMI). The figure came in at 47.7, slipping further below the 50-mark that divides expanding activity in the sector from a contraction. Analysts attributed part of the weakness to last month’s rise in money market rates, […]

China growth fears in focus Market focus was on HSBC’s flash estimate of its China July purchasing managing index (PMI). In June, the HSBC PMI fell to a nine-month low of 48.2, slipping further below the 50-mark that divides expanding activity in the sector from a contraction. Analysts said the July number may remain below […]