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Prudential buying asset-management company stake (AP)
Insurance and investment company Prudential Financial Inc. said Wednesday that it will buy a 40 percent stake in Brazil's GAP Asset Management.
yahoo.com

Job growth in the Southwest is cooling, Dallas Fed says
Although economic growth in the Southwest region outpaced the nation in April and May, the regional economy continued to slow, reports the Federal Reserve Bank of Dallas.
BizJournals

Prudential Financial and GAP Asset Management of Brazil Enter into a Strategic Partnership (Business Wire)
NEWARK, N.J.----Prudential Financial, Inc. and the founding partners of GAP Asset Management of Brazil announced today that they have entered into a strategic partnership. This partnership will allow GAP to grow its successful asset management business and develop products for markets with growth potential in Brazil.
yahoo.com

D-8 Must Kick Start Projects To Enhance Group
By Mikhail Raj Abdullah KUALA LUMPUR, July 2 (Bernama) -- Since the last summit of the Group of eight developing Islamic countries (D-8) in Bali, the global economic dynamics have changed drastica...
India Gazette

Economic Report: Consumer delinquencies increase in first quarter, bankers say
Higher delinquency rates for home-equity lines of credit and bank cards during the first quarter reflecting ongoing stress in the nation's housing market as well as general economic weakness, according to american bankers Association data.
MarketWatch.com

Consumer delinquencies rise in first quarter: ABA
WASHINGTON (MarketWatch) -- delinquency rates for home equity lines of credit and bank cards rose during the first quarter, the american bankers Association reported Wednesday, citing ongoing housing market stress and general economic weakness. On a seasonally adjusted basis, the percentage of HELOC accounts more than 30 days past due rose 14 basis points to 1.1%, reaching the highest rate recorded since ABA started the series in 1987. Delinquencies for bank cards - credit cards provided by a bank -- rose 13 basis points to 4.51% in the first quarter, compared with the five-year average delinquency rate of 4.40%.
MarketWatch.com

Official poverty measure undercounts the nation`s poor
An alternative, more comprehensive measure of poverty reveals shortcomings in the official poverty rate measurements used by the U.S. government. This week's Economic Snapshot compares the two measures and illustrates how the alternative measure, which incorporates recommendations of the National Academy of Sciences, shows higher and faster growing poverty rates.
Economic Policy Institute

How economic conditions affect retirement decisions
In the past, cyclical downturns in the economy prompted an increase in early retirements. Read this week's Snapshot to see what new factors may be shaping these decisions.
Economic Policy Institute

India-Malaysia Trade Talks On Course, CECA By Mid Next Year
By P. Vijian NEW DELHI, July 2 (Bernama) -- Indian and Malaysian trade negotiators are racing to conclude the Comprehensive Economic Partnership Agreement (CECA) by next year, with another eight ro...
India Gazette

Economy to see high inflation, slower growth in `08: NCAER
The National Council of Applied Economic Research further says the inflationary pressures are likely to ease in the longer-term as the supply-side scenario improves.
The Times Of India

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