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INTERVIEW-Egypt says over half of summit promises turned into projects -planning minister

*Egypt to offer new dollar-denominated bonds. CAIRO, Aug 1- Egypt has turned more than half of initial agreements signed at a March investor conference into investment projects, the planning minister said, as Cairo tries to regenerate an economy battered by years of turmoil. Egypt has signed exploration deals worth around $21 billion with global oil companies...
Source: Reuters | By: Ehab Farouk
Making sense of a wild week for China's economy

China's stock market is down 15 percent in July, but that doesn't mean it's the start of a broader Chinese economic collapse.
Source: CNBC.com | By: Tim Mullaney, special to CNBC.com
Pacific trade round ends in deadlock

The U.S. and 11 other Pacific nations failed to reach a trade agreement, with talks on the largest regional trade agreement ever ending in deadlock.
Source: The New York Times | By: Jonathan Weisman
Mt. Gox bitcoin exchange head arrested

The head of the failed Japan-based bitcoin exchange Mt.Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million.
Source: The Associated Press
Pacific trade ministers fail to reach deal in Hawaii talks

LAHAINA, Hawaii- Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, U.S. Japan's economic and fiscal policy minister, Akira Amari, said he thought a deal would be reached with one more meeting. It would also clarify and standardize trade rules, making it easier for...
Source: The Associated Press | By: By AUDREY McAVOY, Associated Press
China's manufacturing shows zero growth in July

BEIJING- Official data show China's manufacturing recorded no growth in July, in a sign of weakness in the world's second-largest economy. The Chinese Federation for Logistics and Purchasing reported Saturday that the country's purchasing managers' index dipped to 50 from June's 50.2 on a 100- point scale, on which numbers above 50 show activity expanding.
Source: The Associated Press
UPDATE 9-Pacific Rim free trade talks fall short of deal

LAHAINA, Hawaii, July 31- Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating...
Source: Reuters | By: Ami Miyazaki and Krista Hughes
E&Y Japan arm launches internal probe of Toshiba audit

TOKYO, Aug 1- The Japanese affiliate of Ernst& Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge of the matter said. Ernst& Young ShinNihon LLC has established a team of about 20 executives to investigate whether there were any problems...
Source: Reuters
UPDATE 7-Pacific Rim free trade talks fail to end in deal

LAHAINA, Hawaii, July 31- Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared between Japan and North America over autos, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs. Trade ministers from the 12 nations negotiating the...
Source: Reuters | By: Ami Miyazaki and Krista Hughes
UPDATE 2-S.Korea July exports fall, outlook on China grows gloomier

SEOUL, Aug 1- South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Shipments to China and the European Union fell and growth tailed off in exports to the United States.
Source: Reuters | By: Christine Kim and Choonsik Yoo