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Bernanke says Federal Reserve ready to further stimulate the economy

Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral.

China tops Japan as second biggest economy in Q2

Growth in Japan's economy slowed to a crawl in the second quarter and analysts see more weakness ahead, adding to policymakers' headaches as they grapple with deflation and a rise in the yen that threatens an export-reliant recovery.

Senh: I'm not sure what I should be more impressed with - that China has finally became the second largest economy in the world or that a tiny country like Japan was previously in second place. I guess I'm equally impressed.

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