12132018Thu
Last updateThu, 13 Dec 2018 5pm

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June Industrial Production Down Only 0.4%

The Federal Reserve reported a 0.4% drop in June industrial output following a downwardly revised 1.2% drop in May. The May decline is a bit better than the expected 0.6% drop.

 

Industrial production is down 13.6% over the last 12 months; it has fallen for eight consecutive months, and 17 of the last 18 months.

 

Source: Reuters

 

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Lobbying Battle Heats Up Over Derivatives

Treasury Secretary Timothy Geithner told Congress on Friday that the administration's proposal to regulate financial derivatives would be comprehensive, but industry groups ramped up their concerns and lawmakers continue to express wariness about several murky aspects of the plan.

 

The Obama administration wants to bring clarity to what is effectively a dark market of financial instruments that are intended to hedge risk.

 

Source: The Hill

 

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Supply Chains in Survival Mode

As supply chains become more complex, businesses are finding it increasingly difficult to respond to global challenges. However, some companies are refocusing their supply chains successfully.

 

As the impact of the worldwide downturn hits home for countries across the globe, many companies are worrying more about survival than profits. In a recent survey of 550 European and North American finance officers, 64 percent of respondents rate cost cutting as top priority and only 37 percent cite increasing profits as a main priority.

 

Source: ThomasNet

 

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Sherman Stirs: U.S. Revives Section 2 of the Antitrust Act

For nearly 120 years, the Sherman Antitrust Act has been the main vehicle through which the government and private parties have regulated the so-called anticompetitive behavior of corporate America.

 

The act's two main sections target vastly different types of behavior, though each may result in both civil liability and criminal punishment.

 

Source: Wall Street Journal

 

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Economic Downturn Makes Trade Talks a Priority

The economic downturn, along with new leadership in the U.S. and India, is spurring G-8 nations to repair trade talks at their coming summit but Washington remains an obstacle, trade experts say.

 

The rest of the world "is waiting for the U.S." to detail its position on trade, Pascal Lamy, director of the World Trade Organization said in an interview at WTO headquarters in Geneva, days before the Group of Eight leading nations gather July 8-10 in L'Aquila, Italy.

 

Source: Wall Street Journal

 

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