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The article presents the international business and political outlook in July 1953. The author reports that the chances for a truce in the Korean War have increased with North Korea agreeing to sign a truce agreement if the U.S. keeps South Korean President Syngman Rhee in line. The author notes that Russia is embarrassed by the unrest in Eastern Europe and it has lost the diplomatic initiative against the West.

The article discusses the implications of the Korean war truce across the world. It is stated that the U.S. government is supporting the cease-fire, while some people believe that the truce bid is part of a scheme for direct Russian intervention in Korea. It also focuses on the possible strategies of Soviet Premier Joseph Stalin to pressurize the West.

The article examines the effect of cease-fire in Korea on the stock market in the U.S. It is stated that traders have opposing views on the effects of the cease-fire. One group of traders are hoping that the end to the shooting Korea will be favorable marketwise as it would reduce the pressure for higher taxes and more severe controls. The other group, in contrast, believes that the cease-fire would further enhance the slipping of industrial stocks.

The article provides an outlook for international affairs of interest to the business community in 1951. A cease-fire agreement in Korea is expected to be signed in light of the bid of Russia for a truce. The possibility that the Iranian oil dispute will worsen unless the U.S. and Great Britain encourage the Shah to form a strong government is noted. The growing weakness in sterling-area raw material prices is blamed on U.S. buying policy.

The article focuses on the implication of the proposal for a Korea cease-fire announced by Soviet Delegate Jacob Malik in June 1951. The U.S. administration expects an imminent truce and economic and political experts are adjusting their forecasts in relation to the truce. Price controls in the U.S. are anticipated to face new pressure if a real cease-fire occurs. Also noted is the negative effect of a cease-fire on the upturn expected by business.