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BRUSSELS (AP) — A European pressure group is accusing the Mario Draghi, the head of the European Central Bank, of conflict of interest for his membership of what it describes as a banking lobby group.
TOKYO (AP) — Panasonic Corp. said Tuesday it returned to the black in the April-June quarter, logging a net profit of 12.8 billion ($163 million) mainly on lower costs after cutting more than 38,000 jobs over the last year.
MUMBAI, India (AP) — India's central bank kept its key interest rate on hold Tuesday because of high inflation and warned that a weak monsoon and intensifying global risks will drive down growth faster than anticipated in Asia's third largest economy.
TOKYO (AP) — Honda's quarterly profit quadrupled to 131.7 billion yen ($1.7 billion) as the Japanese automaker bounced back from last year's natural disasters with more vehicles sold across all key regions except for Europe.
BERLIN (AP) — Unemployment in Germany, Europe's biggest economy, rose in July as a typical seasonal increase was reinforced by a gradual slowing in the labor market, official data showed Tuesday.
PARIS (AP) — Electricite de France saw profits rise 4.6 percent in the first half of the year as growth in renewable energy offset lower nuclear output.
BERLIN (AP) — Drug and chemical company Bayer AG says its second-quarter earnings were a third lower than last year because of one-time charges that included money set aside to deal with lawsuits linked to a contraceptive.
TAIPEI, Taiwan (AP) — Taiwan's economy contracted 0.2 percent in the second quarter from the year before as demand faded for the island's mainstay electronics exports. The government lowered its growth forecast for 2012 for the seventh time in just over a year.
MEXICO CITY (AP) — Mexico's Finance Department says the country's economy grew by 4 percent in the second quarter of the year as compared to the same period of 2011.
BERLIN (AP) — U.S. Treasury Secretary Timothy Geithner and his German counterpart stressed the need for coordinated action Monday in the face of the eurozone debt crisis and faltering global growth, but left open what joint steps Europe and the United States would take to shore up the world economy in the coming months.