* In what appears to be the sharpest and broadest unrest in Iran in the 30 years since the shah was overthrown, at least 10 people have been killed and more than 100 injured, media reports say.
* With the recession easing, Federal Reserve policymakers are unlikely to launch any major new efforts to revive the economy when they this week.
* Wipro Technologies
founder Azim Premji, has stressed that the recent American decision to clamp down on H1B
which could halve the number of Indian IT specialists entering the country, would be counter-productive.
* The Japanese government reports business sentiment has significantly improved among large companies, but although more, similarly upbeat economic data are expected this week and next, Japanese investors remain cautious for now.
* India’s Met office is reasonably sure that the elusive monsoon would arrive in Mumbai and the western coast over June 21-23.
* The World Bank said the global recession this year will be deeper than it predicted in March and warned that a flight of capital from developing nations will swell the ranks of the poor and the unemployed. The world economy is forecast to contract 2.9 percent this year, compared with a prior estimate of a 1.7 percent decline, the Washington-based lender said in a report released today.
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