(Adds comments, background.) MADRID -(Dow Jones)- Spanish Finance Minister Pedro Solbes Thursday said his country's economy is slowing faster than expected but that he doesn't see it falling into recession.

BUENOS AIRES (Dow Jones)--Argentina posted a primary surplus of 6.03 billion pesos ($1.99 billion) for May, a 13% rise on the year, Economy Minister Carlos Fernandez reported Thursday.

LOCAL FASHION: Forget imitations of signature brands. The market offers a variety of cheongsams and products that offer a piece of the culture. (Photo courtesy: China Daily)

NEW YORK -(Dow Jones)- The nation's purchasing managers are less optimistic about the prospects for the U.S. manufacturing and non-manufacturing sectors this year, but they still believe the U.S. economy will be able to eke out modest growth.

1. We - Chancellor Darling and Minister Chidambaram - met today for the second Ministerial round of the UK-India Economic and Financial Dialogue. The challenges currently facing the global economy can only be overcome through a constructive dialogue betwe