AP - ICICI Bank, India's largest private sector bank, said quarterly profit rose 17 percent as it cut costs and eliminated bad loans amid revived credit demand in India's growing economy.
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FILE - In this July 28, 2010 file photo specialist Donald Civitanova, left, and trader Maier Tarlow work on the floor of the New York Stock Exchange. Stock futures dropped Friday, July 30, as investors cautiously awaited the government's first reading on gross domestic product. (AP Photo/Richard Drew, filw)AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.


U.S. President Barack Obama prepares to depart Andrews Air Force Base outside Washington, for a day trip to Detroit, July 30, 2010. REUTERS/Larry DowningReuters - President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.


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A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.


People hold Union flags during a demonstration to protest the government austerity cuts in Madrid in June 2010. The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile."


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Specialist Michael Sollitto, right, directs trades at his post on the floor of the New York Stock Exchange Wednesday, July 28, 2010. The Dow Jones industrial average fell almost 40 points after the Fed released its regional survey of the economy, a report known as the 'beige book.' (AP Photo/Richard Drew)AP - European and U.S. stock markets dropped sharply Friday after figures showed the U.S. economy slowed faster than expected in the second quarter, further eroding confidence in the recovery in the world's largest economy.


Reuters - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.
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BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.


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BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.


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NEW YORK (Reuters) - Stocks opened lower on Friday after data showed U.S. economic growth slowed more than expected in the second quarter, underscoring worries about the recovery.


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