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The commercialization of Ramadan has a familiar ring to it, finds Letters from Abu Dhabi columnist Ray Beauchemin.
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Ray Beauchemin’s Letters from Abu Dhabi: The commercialization of Ramadan holy days
A look at what newsletter editors were saying exactly one year ago reveals few clues that the stock market was about to go over a cliff, entering a free fall from which it would not stop for another six months.
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Mark Hulbert: Let’s do the time warp again on the markets
A flood of new Chinese data points to a pick-up in the pace of the country’s recovery, including a fourth-straight gain in industrial expansion, while bank lending posts a surprise expansion.
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Economic Report: Chinese data appear to back recovery hopes
Chinese Premier Wen Jiabao says the government will continue its aggressive stimulus efforts, despite the recent upturn in economic growth, as the country still faced uncertainties from the global recession.
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China’s premier says stimulus to continue: WSJ
Australian department-store giant Myer will reportedly begin the process for a public listing later this month, with a stock debut expected before the Christmas season.
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Australia’s Myer may go public before Christmas
Stock strategists, who left for summer vacations musing over the market’s double-digit rebound, have returned with buffed-up forecasts that project an extended — though cooler — run for stocks.
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Back from beach, strategists see cooler stock rise
Japan’s April-June gross domestic product growth is unexpectedly revised downward, as the government says capital expenditure in the quarter was worse than initially reported.
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Economic Report: Japan GDP grew less than expected in April-June
Japan’s Financial Services Agency will reportedly soon require companies to make public more details about executive compensation, information that is currently voluntary.
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Japan to demand more info on executive pay: report
Treasury Secretary Timothy Geithner responds to criticism of the Obama administration’s bank bailout endeavors, addressing public frustration about billions in taxpayer dollars going to bankers.
Continued here:
Geithner defends bailout effort at town-hall event
Video game sales fall again in August, the sixth straight month of declines for a sector that has been suffering from a slumping economy and challenging comparisons.
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Video game sales fall again in August
