London's Recession Olympics Begin Tonight

July 27 (Bloomberg) -- The London 2012 Olympics begin tonight with the opening ceremony amid economic recession in the host nation. The U.K. is spending 9.3 billion pounds ($14.6 billion) for the 17-day event, a quarter of what China allocated for the last games in Beijing, but far greater than the estimated 20 million pounds spent the last time the English capital welcomed the world's elite athletes in 1948. Bloomberg Television's Louise Beale reports. (Source: Bloomberg)

Fed's Bullard Says Gov't Has to Deliver at Some Point
18:22 - St. Louis Fed President James Bullard comments on the state of U.S. financial markets and Fed monetary policy during an interview with Bloomberg's Betty Liu, Yvonne Man and Kathleen Hays on "Bloomberg Daybreak: Asia." (Source: Bloomberg)
  • Singapore Fines Credit Suisse, UOB Over 1MDB
  • Former Sony CEO Idei on the Challenges Facing Japan Inc.
  • Germany and India Talk New World Order