Boycott of BP products may prove to be a tough call

Boycott of BP products may prove to be a tough callAn energy market expert has said that a boycott of BP products to retaliate for the Gulf of Mexico oil spill may be impossible.

According to reports of the Los Angeles Times, Bruce Bullock, executive director of the Maguire Energy Institute at South Methodist University, said, "I'm not sure if it's possible to boycott BP. When you combine the things that you can't see with the things you don't know, it's virtually impossible to avoid a corporation with the reach of BP."

Financial reform making slow progress on International stage, says Geithner

Financial reform making slow progress on International stage, says GeithnerFinancial reform on the international stage was progressing slowly, U. S. Treasury Secretary Timothy Geithner has said.

The New York Times reported on Monday that with Congress close to presenting a finance reform bill to President Barack Obama, many believed the Group of 20 Nations summit in Toronto during the weekend would include serious discussions concerning international rules for banks.

Britain's Chancellor of the Exchequer hints at cutting disability benefits

Britain's Chancellor of the Exchequer hints at cutting disability benefitsHe would target disability payments as part of his budget-cutting program, Britain's Chancellor of the Exchequer said in Toronto.

The Times of London reported on Monday that as many as 2.6 million people who receive between $104 and $138 per week would be affected by the cuts.

It has been reported that the chancellor, George Osborne, made his plans public at the Group of 20 summit, where he was in the company of other world leaders looking to cut their budgets.

Scope Original Mint Mouthwash recalled

Scope Original Mint Mouthwash recalledDue to a failure of child-resistant caps, the U. S. Consumer Product Safety Commission announced a voluntary recall of Scope Original Mint Mouthwash.

It has been reported that about 35,000 bottles of the mouthwash in 1-liter bottles were manufactured by Procter & Gamble of Cincinnati and sold nationwide from January 2010 through June 2010 for about $4.

The ingredients of mouthwash include ethyl alcohol.

May witnesses slight increase in US consumer spending

May witnesses slight increase in US consumer spendingThe U. S. Commerce Department said on Monday that consumer spending rose in May after lying flat in April.

According to the department, with unemployment at 9.7 percent, spending rose in May by 0.2 percent, helped by two consecutive months of rising incomes.

After rising 0.5 percent a month ago, Incomes rose 0.4 percent in May.

The Commerce Department also said that consumer spending rose by $22 billion.

For the third consecutive month of gains, real disposable income rose 0.5 percent in the month.

USD / JPY Technical Forex Analysis for Forex Traders

The Dollar/Yen continued to drop slowly, a bit faster than usual this morning, in yet another confirmation that the bears are beating the bulls! USDJPY broke the support specified in yesterday's report 89.20, and reached a new bottom for this recent falling trend at 88.59 without being able to meet our suggested target 87.99. This confirms the negative technical outlook we have seen lately. And we believe it will persist as long as we are trading below the falling trend line from June 14th top, which is currently at 90.64. Short term support is at 88.67, and breaking it will be another evidence that we are going down. This break will target 87.99 &

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China Adds 212 Gigawatts of Solar Power Capacity in Six Months; Carbon Emissions Decline by One Percent

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