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Court orders EPA to redo air-pollution limits in 13 states

The ruling by the U.S. Court of Appeals for the District of Columbia Circuit orders the EPA to redo sulfur-dioxide and nitrogen-oxide standards for 13 states, mostly in the South and Midwest, that contribute to soot and smog along the East Coast. The April 2014 ruling was an important victory for the Obama administration and capped a decades-long effort by the...
Source: The Associated Press | By: By MATTHEW DALY, Associated Press
Faber Report: Mylan continues fight for Perrigo  

CNBC's David Faber reports on the timeline for a possible Mylan, Perrigo deal.
Source: CNBC.com
UPDATE 5-Oil prices fall to lowest in nearly six months

China's already-volatile benchmark stock index, with a combined market capitalisation of $4.6 trillion, has lost 10 percent in the last two days of trade. "Typically, equity markets do have a high correlation to quarterly GDP growth," Deutsche Bank strategist Michael Lewis said. Brent was down 72 cents at $52.75 a barrel by 1054 GMT, having hit a session low of...
Source: Reuters | By: Amanda Cooper
UPDATE 4-Oil prices fall to near six-month lows, rattled by China

China's already-volatile benchmark stock index, with a combined market capitalisation of $4.6 trillion, has lost 10 percent in the last two days of trade. "Typically, equity markets do have a high correlation to quarterly GDP growth," Deutsche Bank strategist Michael Lewis said. Brent had fallen 78 cents to $52.69 a barrel by 0821 GMT, having hit a session low of...
Source: Reuters | By: Amanda Cooper
Malaysian PM axes deputy, attorney general amid fund scandal

KUALA LUMPUR, Malaysia- Malaysian Prime Minister Najib Razak, stung by allegations that he received some $700 million in government money, on Tuesday fired the attorney general who had been investigating him and a deputy who has been among his most prominent critics. Najib announced over national television that his deputy Muhyiddin Yassin will be replaced...
Source: The Associated Press
As oil slumps, BOJ's inflation goal relies on yogurt

Desperate to convince consumers that inflation really is picking up, the Bank of Japan is taking advantage of a gradual rise in food prices, from yogurt and ketchup to "gyudon" beef rice bowls - once a symbol of Japanese deflation.
Source: Reuters
As oil slumps, BOJ relies on yogurt, ketchup to hit price goal

TOKYO, July 28- Desperate to convince consumers that inflation really is picking up, the Bank of Japan is taking advantage of a gradual rise in food prices, from yogurt and ketchup to "gyudon" beef rice bowls- once a symbol of Japanese deflation. Now it's doing just that, "said Hideo Kumano, a former BOJ official and currently chief economist at Dai-ichi Life Research...
Source: Reuters | By: Leika Kihara
Something is seriously wrong with China: Pro  

Matt Tuttle, Tuttle Tactical Management, and Neil Hennessy, Hennessy Funds, discuss China's impact on global markets.
Source: CNBC.com
Taiwan stocks down, in line with regional bourses

TAIPEI, July 27- Taiwan stocks fell on Monday, in line with regional markets and Wall Street, ahead of a Federal Reserve rate meeting later this week. Leading chipmakers including world's No.1 chip packaging and testing firm Advanced Semiconductor Engineering Inc and memory chip maker Inotera Memories Inc led declines, falling 2.5 and 2.89 percent,...
Source: Reuters
Thailand's economy isn't a Land of Smiles

Thailand's worst drought in a decade appears to have ended, but the damage could cast a shadow on the economy for months to come.
Source: CNBC.com | By: Nyshka Chandran