Fast fashion has a dirty little secret Fast fashion has a dirty little secret and the solution, this fashion entrepreneur says, is made in America.
| By: Maxine Bédat, co-founder of Zady
HIGHLIGHTS-South Korea proposes supplementary budget to fight MERS SEJONG, South Korea, July 3- South Korea unveiled a 16.1 trillion won stimulus package on Friday to help its economy fight the fallout from a deadly outbreak of Middle East Respiratory Syndrome virus, a collapse in exports and a drought. Following are highlights of the government's supplementary budget, summarized by Reuters based on statements and briefings...
Unemployment rate for black Americans at 7-year low WASHINGTON- Black Americans made strides in the job market in June, with their unemployment rate reaching its lowest level in seven years. The black unemployment rate fell to 9.5 percent, the best showing since a 9.4 percent reading in June 2008. The data for various demographic groups came from a survey of households that is part of the Labor Department's...
Source: The Associated Press
| By: By The Associated Press
Futures Now, July 2, 2015 Is crude set to crater? Did the jobs report push back the rate hike? And riding the S&P see-saw. With Deutsche Bank's Joe LaVorgna, CNBC's Jackie DeAngelis and the Futures Now Traders.
COLUMN-LME turns the regulatory screw on its warehousers: Andy Home LONDON, July 2- Whisper it softly, but the end of the load-out queues that have plagued the London Metal Exchange warehousing system for so long may finally be in sight. Behind the LME stands UK regulator the Financial Conduct Authority, which has apparently spelt out directly to warehouse operators the new lie of the regulatory land. Behind the FCA lurks the even...
| By: Andy Home
INSIGHT-Superbug threat prompts West to revisit Soviet-era virus therapy LONDON, July 2- Alarmed by rising resistance to antibiotics, the main line of defence against bacterial infections, scientists and governments are taking a fresh look at bacteria-chomping viruses first isolated a century ago from the stools of patients recovering from dysentery. So-called bacteriophages, which attack bacteria but leave human cells...
| By: Ben Hirschler
FOREX-Yen drops as upcoming U.S. data puts Greek fears on hold *Sunday's referendum could be flash point for Greece. SYDNEY, July 2- The yen dipped in Asian trade on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the Federal Reserve to lift interest rates and briefly steal the spotlight from the Greece's debt crisis. Prime Minister Alexis Tsipras on Wednesday urged Greeks to reject...
| By: Ian Chua