Asian economies are rebounding(see chart, left). Emerging economies there grew at an annualized rate of 10% in the second quarter, per The Economist. And per Barclay's Capital, this is the only region of the world where output has regained its pre-crisis levels. As a result, stock markets in Asia are up substsantially - shares in China's markets have nearly doubled since the bottom in November 2008. Meanwhile, in the US, the big news is that the number of people filing first time jobless claims is up to 558,000, an increase of 4,000 from last week. And in the EU, the big news is that Germany and France are no longer in recession, based on data from the most recent quarter. Other news from around the world follows:
Atticus Capital closes flagship fund.
Fire-sale to lower Ireland's commercial property values?
Brookfiled (BAM) buying property as if the bottom is in.
Seven Norway towns sue Citigroup on subprime investments.
Pfizer (PFE) to increase its recently-cut dividend?
UK dividends will drop 15% this year.
The recession is over in Germany and France.
Enjoy the recovery while it lasts.
Prudential Plc (PUK) raises its dividend.
Zions Bancorp (ZION) income may not cover dividends, interest.
Emerging Asia's economic rebound.
Non-performing loans threaten 150 more US banks.
Berkshire Hathaway's new positions.
Japan moving out of recession.
Seven companies raising dividends.
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