Analysts in the car industry said they are expecting high car sales for July. As the car industry awaits the sales reports of automakers, analysts said they are expecting a 14% to 16% rise in automobile sales for July.
Industry
Tiger Woods shoots 61
Tiger Woods shoots career best 61 at the Firestone Country Club. Tiger Woods, one of the greatest golfers of all time, is now well on his way in returning to the form that saw him win four PGA Tour titles this year.
Japanese businessmen look for opportunity in Myanmar
Japanese executives will attend a meeting in Myanmar to discuss future investment ventures. Representatives from over 20 Japanese companies planned on visiting Myanmar to look for possible business ventures and investment opportunities, according the Union of Myanmar Federation of Chambers of Commerce and Industry or UMFCCI.
Major US companies urge legislators to fight 'patent trolls'
US major firms including Wal-Mart, Google, Morgan Stanley and Dell raised concerns regarding patent trolls and urged legislators to broaden US Patent and Trademark Office's scope of power in reviewing patents.
Italian prosecutors investigate JPMorgan for employee's acts
A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.
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The SEC's new rule on sales of securities will allow starting companies and venture capitalists to gain more funds.
The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
According to optimistic analysts, India is still on track to becoming the net super economy if only industrial houses continued to invest.
The Indian currency continued to decline, prompting investors to shy away from investing in the country.
Reuters reported that China's private businesses could experience succession problem in the next few years.
Chinese regulators urged local importers of Fonterra's products to recall their contaminated items after the dairy maker warned some infant milk and food products contained botulism-causing bacteria.
According to Indonesia's Bureau for Statistics, global demand for the country's assets remained unattractive to foreign investors.
India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.
The Confederation of Indian Industries said that now is the time when India needs foreign direct investments the most.
