China first-half fiscal surplus at $193 billion

China posted a fiscal surplus of 1.25 trillion yuan ($193.3 billion) in the first half of the year as steady economic growth and rising prices lifted government revenues

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Europe stocks drop, led by Software, SAP

European equity markets dropped early Thursday, pressured by news that Moody's Investors Service put the US credit rating on review for a possible downgrade

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Swiss exporters mull euro wages to blunt franc

The franc has appreciated 8.3 percent against the euro this year, reaching a record 1.1495 today, as investors were concerned that the region's debt crisis may undermine Europe's stability

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