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...because it's comfortably in the black. "If you have a profitable division at a time when the rest of your business is having a hard time, do you talk about it?" says analyst Pascual Francisco at IHS Global Insight in Lexington, Mass., referring to GM's decision to remain mum about the third wheel of its North American production base...
...investors who had sought out the dollar as a safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London. "You're going to see it continue to slide." (Watch TIME's video of Peter Schiff trash-talking the markets...
...power in a nation and government dominated by Sri Lanka's Sinhalese Buddhist majority. For decades, hundreds of thousands of Tamils have endured life in the cross fire between the LTTE and the Sri Lankan government, and still today, about 300,000 of the nation's 3 million Tamils remain in government camps in Sri Lanka's north. Many expatriate groups are now lobbying their host governments to pressure Sri Lanka into increasing humanitarian aid to Tamils. And since the war's end about six weeks ago, the most vocal and visible Tamil expats fighting for this cause have been...
...will convert a substantial portion of its loans into equity. The Hong Kong government has already been the major financial driver, spending some $418 million on the park and another $1.8 billion on roads, sewers and a rail line to access it. Now, the government's majority stake will remain, but it will drop to 52%, from 57%. "Hong Kong Disneyland needs time to clean up its teething problems. Then profit will come," says Jeffrey Lam, a member of Hong Kong's Legislative Council...
...Analysts had anticipated some improvement in business confidence in the quarterly tankan survey results released by Japan's central bank. However, the survey, which polls 1,215 large manufacturers as well as thousands of other businesses, indicated companies remain more pessimistic than optimistic and are still reluctant to make capital investments. According to Kanno, the results confirm "the upside momentum is getting stronger, but the level of the economic activities is still very low." Japan's unemployment rate rose for the fourth straight month to 5.2% in May, up from 5.0% in April. Job availability is at a record...