June 19th, 2012
04:08 PM GMT
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(CNN) - If recent history is anything to go by, the number 7 has good reason to be feared in the European bond markets.

Once yields on Greek, Irish and Portuguese 10-year notes hit that unlucky figure, they didn’t come back down - pricing three eurozone members out of the markets in quick succession and into bailout limbo.

Though it may be arbitrary, 7 could soon become the cut off point for a new two-tier common currency; an area where peripheral members pay the high price for low growth and lack of reform, whilst the more buoyant economies of the north enjoy record-low borrowing rates.

That is unless someone can convince the German Chancellor that so called jointly-issued “eurobonds” really are the panacea. FULL POST



June 19th, 2012
05:03 AM GMT
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Hong Kong (CNN) - The Angry Birds' red faces have been etched on bras, embellished on T-shirts, turned into stuffed toys and baked into mooncakes. China has a love affair with Angry Birds as both unofficial and official merchandise have boomed in the country.

Rovio, the creators of the blockbuster game, will open game-themed retail stores and activity parks in China.  It's the first country to get these parks and stores outside Finland, where the game originally hatched.

The first retail store in China opens in Shanghai on July 3, and the Beijing location opens on July 10, where shoppers can find a bevy of  merchandise featuring green pigs and furrow-browed birds.
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