Economy News Headlines - Yahoo! News

http://news.yahoo.com/economy/ Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedMon, 29 Jul 2013 10:15:04 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/stocks-edge-lower-busy-week-markets-begins-135201920.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GU97HfVYTbgxFYWccWwsOQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8d73f41e5bc3f519380f6a706700c36b.jpg" width="130" height="86" alt="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" align="left" title="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stocks were inching lower on Monday morning as a big week for economic news got underway.</p><br clear="all"/>http://news.yahoo.com/stocks-edge-lower-busy-week-markets-begins-135201920.htmlMon, 29 Jul 2013 10:15:04 -0400Associated Pressstocks-edge-lower-busy-week-markets-begins-135201920<p><a href="http://news.yahoo.com/stocks-edge-lower-busy-week-markets-begins-135201920.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GU97HfVYTbgxFYWccWwsOQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8d73f41e5bc3f519380f6a706700c36b.jpg" width="130" height="86" alt="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" align="left" title="Specialist Douglas Johnson is reflected in a screen at his post on the floor of the New York Stock Exchange Monday, July 22, 2013. U.S stock futures are declining Monday, July 29, 2013 ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stocks were inching lower on Monday morning as a big week for economic news got underway.</p><br clear="all"/><p><a href="http://news.yahoo.com/greece-pleads-europe-adopt-growth-policies-141050638.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Bk1mSYma7o_2ie7P6KEYgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/31a740315ad8f119380f6a70670015b8.jpg" width="130" height="86" alt="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" align="left" title="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" border="0" /></a>ATHENS, Greece (AP) ? Greece&#039;s prime minister urged European leaders to shift economic policies toward generating growth, as the country&#039;s bailout monitors complained it was making &quot;slow progress&quot; on long-term reforms.</p><br clear="all"/>http://news.yahoo.com/greece-pleads-europe-adopt-growth-policies-141050638.htmlMon, 29 Jul 2013 10:10:50 -0400Associated Pressgreece-pleads-europe-adopt-growth-policies-141050638<p><a href="http://news.yahoo.com/greece-pleads-europe-adopt-growth-policies-141050638.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Bk1mSYma7o_2ie7P6KEYgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/31a740315ad8f119380f6a70670015b8.jpg" width="130" height="86" alt="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" align="left" title="Greece&#039;s Prime Minister Antonis Samaras, left, welcomes his Italian counterpart Enrico Letta at the Maximos Mansion in Athens, Monday, July 29, 2013. Letta in his two-day working visit with his Greek counterpart will hold talks for the youth unemployment, illegal immigration and the Trans Adriatic Pipeline (TAP). (AP Photo/Thanassis Stavrakis)" border="0" /></a>ATHENS, Greece (AP) ? Greece&#039;s prime minister urged European leaders to shift economic policies toward generating growth, as the country&#039;s bailout monitors complained it was making &quot;slow progress&quot; on long-term reforms.</p><br clear="all"/><p><a href="http://news.yahoo.com/futures-head-lower-kick-off-busy-week-115944096.html"><img src="http://l2.yimg.com/bt/api/res/1.2/VuCt_4rK2s7vy9JwVU0gKA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/7f1bdcda5ab6f019380f6a7067003ddb.jpg" width="130" height="86" alt="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" align="left" title="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" border="0" /></a>NEW YORK (AP) ? U.S stock futures are declining ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department.</p><br clear="all"/>http://news.yahoo.com/futures-head-lower-kick-off-busy-week-115944096.htmlMon, 29 Jul 2013 07:59:44 -0400Associated Pressfutures-head-lower-kick-off-busy-week-115944096<p><a href="http://news.yahoo.com/futures-head-lower-kick-off-busy-week-115944096.html"><img src="http://l2.yimg.com/bt/api/res/1.2/VuCt_4rK2s7vy9JwVU0gKA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/7f1bdcda5ab6f019380f6a7067003ddb.jpg" width="130" height="86" alt="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" align="left" title="An investor looks at the stock price monitor at a private securities company in Shanghai, China, Monday, July 29, 2013. Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. (AP Photo)" border="0" /></a>NEW YORK (AP) ? U.S stock futures are declining ahead of a big week of economic indicators, including the latest statement from the Federal Reserve and the jobs report for July from the Labor Department.</p><br clear="all"/><p><a href="http://news.yahoo.com/cash-strapped-detroit-few-sports-arena-funding-050531192.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wsLbRqZyjJnv.4st_b9sdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T110215Z_2_CBRE96S0E5O00_RTROPTP_2_USA-DETROIT-BANKRUPTCY.JPG" width="130" height="86" alt="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" align="left" title="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" border="0" /></a>By Joseph Lichterman DETROIT (Reuters) - While Detroit has become a top emblem of U.S. urban economic decline with its recent bankruptcy filing, it remains a resilient and vibrant sports town. Major League Baseball&#039;s Tigers and the National Football League&#039;s Lions, like teams in other U.S. cities, have obtained public financing for new arenas, despite questions about their promised economic windfalls. The Tigers&#039; home stadium Comerica Park, which opened in 2000, was built at a cost of $300 million, 38 percent of which was publicly financed. ...</p><br clear="all"/>http://news.yahoo.com/cash-strapped-detroit-few-sports-arena-funding-050531192.htmlMon, 29 Jul 2013 07:02:15 -0400Reuterscash-strapped-detroit-few-sports-arena-funding-050531192<p><a href="http://news.yahoo.com/cash-strapped-detroit-few-sports-arena-funding-050531192.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wsLbRqZyjJnv.4st_b9sdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T110215Z_2_CBRE96S0E5O00_RTROPTP_2_USA-DETROIT-BANKRUPTCY.JPG" width="130" height="86" alt="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" align="left" title="&#039;Detroit&#039; is seen on the top of an iron man-hole cover on a street in Detroit" border="0" /></a>By Joseph Lichterman DETROIT (Reuters) - While Detroit has become a top emblem of U.S. urban economic decline with its recent bankruptcy filing, it remains a resilient and vibrant sports town. Major League Baseball&#039;s Tigers and the National Football League&#039;s Lions, like teams in other U.S. cities, have obtained public financing for new arenas, despite questions about their promised economic windfalls. The Tigers&#039; home stadium Comerica Park, which opened in 2000, was built at a cost of $300 million, 38 percent of which was publicly financed. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/japanese-stocks-knocked-lower-firmer-yen-005534103.html"><img src="http://l3.yimg.com/bt/api/res/1.2/yeN2pwxQPQilQ_7HZEZ8NA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053531Z_1_CBRE96S0FJA00_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" align="left" title="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" border="0" /></a>By Marc Jones LONDON (Reuters) - Expectations that the Federal Reserve will reaffirm its commitment to keeping U.S. interest rates near zero left kept the dollar at a five-week low on Monday, while concerns about China&#039;s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. All are expected to repeat or refine their &quot;forward guidance&quot; that borrowing costs will remain extraordinarily low as long as growth is sub-par and inflation poses no threat. ...</p><br clear="all"/>http://news.yahoo.com/japanese-stocks-knocked-lower-firmer-yen-005534103.htmlMon, 29 Jul 2013 06:13:25 -0400Reutersjapanese-stocks-knocked-lower-firmer-yen-005534103<p><a href="http://news.yahoo.com/japanese-stocks-knocked-lower-firmer-yen-005534103.html"><img src="http://l3.yimg.com/bt/api/res/1.2/yeN2pwxQPQilQ_7HZEZ8NA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053531Z_1_CBRE96S0FJA00_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" align="left" title="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" border="0" /></a>By Marc Jones LONDON (Reuters) - Expectations that the Federal Reserve will reaffirm its commitment to keeping U.S. interest rates near zero left kept the dollar at a five-week low on Monday, while concerns about China&#039;s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. All are expected to repeat or refine their &quot;forward guidance&quot; that borrowing costs will remain extraordinarily low as long as growth is sub-par and inflation poses no threat. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/retail-sales-grow-fastest-pace-since-january-cbi-100336453.html"><img src="http://l.yimg.com/bt/api/res/1.2/0_SZuaNfHBNotgMftjKnMQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T100336Z_1_CBRE96S0RYG00_RTROPTP_2_SAINSBURY.JPG" width="130" height="86" alt="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" align="left" title="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" border="0" /></a>LONDON (Reuters) - British retail sales rose at their fastest pace since January this month, a survey by the Confederation of British Industry showed on Monday, adding to signs economic growth is continuing in the second half of the year. The CBI distributive trades survey&#039;s sales balance rose to +17 - matching January&#039;s level - from June&#039;s four-month high of +1. The expected sales balance for August slipped to +10 from +13, though orders placed with suppliers rose at their fastest rate in six months. ...</p><br clear="all"/>http://news.yahoo.com/retail-sales-grow-fastest-pace-since-january-cbi-100336453.htmlMon, 29 Jul 2013 06:11:14 -0400Reutersretail-sales-grow-fastest-pace-since-january-cbi-100336453<p><a href="http://news.yahoo.com/retail-sales-grow-fastest-pace-since-january-cbi-100336453.html"><img src="http://l.yimg.com/bt/api/res/1.2/0_SZuaNfHBNotgMftjKnMQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T100336Z_1_CBRE96S0RYG00_RTROPTP_2_SAINSBURY.JPG" width="130" height="86" alt="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" align="left" title="Shopping trolleys are seen parked at a Sainsbury&#039;s store in London" border="0" /></a>LONDON (Reuters) - British retail sales rose at their fastest pace since January this month, a survey by the Confederation of British Industry showed on Monday, adding to signs economic growth is continuing in the second half of the year. The CBI distributive trades survey&#039;s sales balance rose to +17 - matching January&#039;s level - from June&#039;s four-month high of +1. The expected sales balance for August slipped to +10 from +13, though orders placed with suppliers rose at their fastest rate in six months. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/global-stock-markets-fall-ahead-fed-meeting-091907160.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Global stock markets fell Monday, led by a sharp dive in Japan, as traders awaited a packed schedule of economic data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>http://news.yahoo.com/global-stock-markets-fall-ahead-fed-meeting-091907160.htmlMon, 29 Jul 2013 05:19:07 -0400Associated Pressglobal-stock-markets-fall-ahead-fed-meeting-091907160<p><a href="http://news.yahoo.com/global-stock-markets-fall-ahead-fed-meeting-091907160.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Global stock markets fell Monday, led by a sharp dive in Japan, as traders awaited a packed schedule of economic data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>By Faith Hung and Michael Gold TAIPEI (Reuters) - Taiwan's top financial regulator and its defense minister have stepped down, the premier said on Monday, as part of a reshuffle that analysts say is aimed at boosting President Ma Ying-jeou's increasingly poor popularity ratings. Ma's economic and China policies have triggered widespread criticism while Taiwan's less-than-stellar economic performance and stagnant wage growth have also been a drag on his ratings which have hovered around the 20-percent mark for months. ...http://news.yahoo.com/taiwan-names-fin-regulator-defense-minister-reshuffle-080217040.htmlMon, 29 Jul 2013 04:02:17 -0400Reuterstaiwan-names-fin-regulator-defense-minister-reshuffle-080217040JOHANNESBURG (Reuters) - South Africa's rand was softer against the dollar in early Monday trade, retreating a few cents after Reserve Bank data showed growth in credit extension to the private sector slowed again in June. The data backs the case for the Reserve Bank to consider another interest rate cut - rates have been steady since the last reduction in 2012 - to boost consumer demand and spur economic growth. By 0645 GMT the rand was at 9.8200 against the dollar, down 0.55 percent from its New York close at 9.7660 on Friday. ...http://news.yahoo.com/south-african-rand-softer-month-end-import-pressure-065350984.htmlMon, 29 Jul 2013 02:53:50 -0400Reuterssouth-african-rand-softer-month-end-import-pressure-065350984<p><a href="http://news.yahoo.com/british-banks-still-credit-shy-towards-small-firms-053544644.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q04nbPMrvVnohT3KDMdybA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053544Z_2_CBRE96R1SME00_RTROPTP_2_EU-BONUS-KARAS.JPG" width="130" height="86" alt="The Canary Wharf financial district is seen in east London" align="left" title="The Canary Wharf financial district is seen in east London" border="0" /></a>LONDON (Reuters) - Britain&#039;s risk-wary banks are reluctant to lend to small firms or pass on cuts in interest rates, according to government-commissioned research that points to a lack of supply rather than demand as the main brake on transactions. Banks have clashed with policymakers and regulators over the reasons for scant flows of credit to small and medium-sized enterprises, seen as vital to Britain&#039;s economic recovery, arguing that firms lack confidence to borrow and invest. ...</p><br clear="all"/>http://news.yahoo.com/british-banks-still-credit-shy-towards-small-firms-053544644.htmlMon, 29 Jul 2013 01:35:44 -0400Reutersbritish-banks-still-credit-shy-towards-small-firms-053544644<p><a href="http://news.yahoo.com/british-banks-still-credit-shy-towards-small-firms-053544644.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q04nbPMrvVnohT3KDMdybA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053544Z_2_CBRE96R1SME00_RTROPTP_2_EU-BONUS-KARAS.JPG" width="130" height="86" alt="The Canary Wharf financial district is seen in east London" align="left" title="The Canary Wharf financial district is seen in east London" border="0" /></a>LONDON (Reuters) - Britain&#039;s risk-wary banks are reluctant to lend to small firms or pass on cuts in interest rates, according to government-commissioned research that points to a lack of supply rather than demand as the main brake on transactions. Banks have clashed with policymakers and regulators over the reasons for scant flows of credit to small and medium-sized enterprises, seen as vital to Britain&#039;s economic recovery, arguing that firms lack confidence to borrow and invest. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/bojs-kuroda-economy-handle-sales-tax-increase-053213703.html"><img src="http://l1.yimg.com/bt/api/res/1.2/mMmQskzZryQOwTfmgprxow--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053213Z_1_CBRE96S0FED00_RTROPTP_2_US-JAPAN-ECONOMY-KURODA.JPG" width="130" height="86" alt="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." align="left" title="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." border="0" /></a>By Stanley White TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said a planned increase in the sales tax rate would not hurt the economy and was needed to repair public finances, amid growing signs on Monday the prime minister could delay or even water down the policy. Kuroda, appointed by Prime Minister Shinzo Abe earlier this year, said fiscal discipline was important because long-term yields could rise if investors thought the central bank&#039;s purchases of government debt were aimed at financing spending. ...</p><br clear="all"/>http://news.yahoo.com/bojs-kuroda-economy-handle-sales-tax-increase-053213703.htmlMon, 29 Jul 2013 01:32:13 -0400Reutersbojs-kuroda-economy-handle-sales-tax-increase-053213703<p><a href="http://news.yahoo.com/bojs-kuroda-economy-handle-sales-tax-increase-053213703.html"><img src="http://l1.yimg.com/bt/api/res/1.2/mMmQskzZryQOwTfmgprxow--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-29T053213Z_1_CBRE96S0FED00_RTROPTP_2_US-JAPAN-ECONOMY-KURODA.JPG" width="130" height="86" alt="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." align="left" title="Bank of Japan Governor Haruhiko Kuroda speaks at a news conference at the BOJ headquarters in Tokyo July 11, 2013." border="0" /></a>By Stanley White TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said a planned increase in the sales tax rate would not hurt the economy and was needed to repair public finances, amid growing signs on Monday the prime minister could delay or even water down the policy. Kuroda, appointed by Prime Minister Shinzo Abe earlier this year, said fiscal discipline was important because long-term yields could rise if investors thought the central bank&#039;s purchases of government debt were aimed at financing spending. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/asia-stock-markets-fall-ahead-fed-meeting-032358364.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/>http://news.yahoo.com/asia-stock-markets-fall-ahead-fed-meeting-032358364.htmlMon, 29 Jul 2013 01:13:38 -0400Associated Pressasia-stock-markets-fall-ahead-fed-meeting-032358364<p><a href="http://news.yahoo.com/asia-stock-markets-fall-ahead-fed-meeting-032358364.html"><img src="http://l.yimg.com/bt/api/res/1.2/FGQcPrLquD83nLkSvQ.uKQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/903036045992eb19380f6a70670000cd.jpg" width="130" height="86" alt="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" align="left" title="A man looks at an electronic stock board of a securities firm in Tokyo, Monday, July 29, 2013. Asian stock markets fell Monday as traders await a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve. Japan&#039;s benchmark Nikkei 225 dropped 2.5 percent to 13,766.09 as the yen continued to reverse from its recent fall. (AP Photo/Koji Sasahara)" border="0" /></a>BANGKOK (AP) ? Asian stock markets fell Monday as traders awaited a packed schedule of data releases this week in the U.S. and a key meeting of the Federal Reserve.</p><br clear="all"/><p><a href="http://news.yahoo.com/fed-officials-mull-much-change-little-july-meeting-233334239.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q_gZLeWqiGfOgDYZfu.0xA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T233334Z_1_CBRE96R1TG700_RTROPTP_2_USA-FED-FOMC.JPG" width="130" height="86" alt="A view shows an eagle sculpture on Federal Reserve building in Washington" align="left" title="A view shows an eagle sculpture on Federal Reserve building in Washington" border="0" /></a>By Ann Saphir (Reuters) - Federal Reserve officials this week are likely to have a lively debate on how best to prepare financial markets for a reduction of their bond-buying program, but appear certain to wait for further economic data before curtailing their stimulus. While the debate will not produce much in the way of policy change, officials may tweak their post-meeting statement to lay the groundwork for paring their $85 billion-a-month bond purchase program as early as September. The Fed releases its post-meeting statement at 2 p.m on Wednesday. ...</p><br clear="all"/>http://news.yahoo.com/fed-officials-mull-much-change-little-july-meeting-233334239.htmlSun, 28 Jul 2013 19:33:34 -0400Reutersfed-officials-mull-much-change-little-july-meeting-233334239<p><a href="http://news.yahoo.com/fed-officials-mull-much-change-little-july-meeting-233334239.html"><img src="http://l2.yimg.com/bt/api/res/1.2/q_gZLeWqiGfOgDYZfu.0xA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T233334Z_1_CBRE96R1TG700_RTROPTP_2_USA-FED-FOMC.JPG" width="130" height="86" alt="A view shows an eagle sculpture on Federal Reserve building in Washington" align="left" title="A view shows an eagle sculpture on Federal Reserve building in Washington" border="0" /></a>By Ann Saphir (Reuters) - Federal Reserve officials this week are likely to have a lively debate on how best to prepare financial markets for a reduction of their bond-buying program, but appear certain to wait for further economic data before curtailing their stimulus. While the debate will not produce much in the way of policy change, officials may tweak their post-meeting statement to lay the groundwork for paring their $85 billion-a-month bond purchase program as early as September. The Fed releases its post-meeting statement at 2 p.m on Wednesday. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/analysis-china-leaders-play-safe-reforms-growth-sags-211623874.html"><img src="http://l3.yimg.com/bt/api/res/1.2/gnmIabQzYL0niixjhIvd3Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T211623Z_1_CBRE96R1N3R00_RTROPTP_2_CHINA-ECONOMY-REFORMS.JPG" width="130" height="86" alt="A woman stands next to her apartment window in downtown Shanghai" align="left" title="A woman stands next to her apartment window in downtown Shanghai" border="0" /></a>By Kevin Yao BEIJING (Reuters) - For all the strong rhetoric, China&#039;s latest policy actions suggest a shift in focus on the economy to mix relatively pain-free reforms that burnish Beijing&#039;s credentials for change with measures to prop up sagging growth. While Premier Li Keqiang provides a drip-feed of easy reforms, he will avoid more radical moves for fear of tipping the world&#039;s second-biggest economy over the edge. ...</p><br clear="all"/>http://news.yahoo.com/analysis-china-leaders-play-safe-reforms-growth-sags-211623874.htmlSun, 28 Jul 2013 17:16:23 -0400Reutersanalysis-china-leaders-play-safe-reforms-growth-sags-211623874<p><a href="http://news.yahoo.com/analysis-china-leaders-play-safe-reforms-growth-sags-211623874.html"><img src="http://l3.yimg.com/bt/api/res/1.2/gnmIabQzYL0niixjhIvd3Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T211623Z_1_CBRE96R1N3R00_RTROPTP_2_CHINA-ECONOMY-REFORMS.JPG" width="130" height="86" alt="A woman stands next to her apartment window in downtown Shanghai" align="left" title="A woman stands next to her apartment window in downtown Shanghai" border="0" /></a>By Kevin Yao BEIJING (Reuters) - For all the strong rhetoric, China&#039;s latest policy actions suggest a shift in focus on the economy to mix relatively pain-free reforms that burnish Beijing&#039;s credentials for change with measures to prop up sagging growth. While Premier Li Keqiang provides a drip-feed of easy reforms, he will avoid more radical moves for fear of tipping the world&#039;s second-biggest economy over the edge. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/little-sign-economic-stress-north-koreas-well-swept-185245157.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GY1YxanIGNaidZ1hBQ5E2Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T185245Z_1_CBRE96R1GG300_RTROPTP_2_KOREA-NORTH.JPG" width="130" height="86" alt="North Korean singers perform during an artistic performance in Pyongyang" align="left" title="North Korean singers perform during an artistic performance in Pyongyang" border="0" /></a>By Se Young Lee PYONGYANG (Reuters) - North Korea&#039;s economy is believed to be virtually lifeless after decades of mismanagement, isolation and sanctions aimed at foiling its nuclear ambitions but its showcase capital, Pyongyang, shows no hint of calamity. Secretive North Korea allowed in a large group of foreign journalists last week to cover Saturday&#039;s lavish celebrations of the 60th anniversary of the truce that ended the 1950-53 Korean War, which North Korea says it won. No expense seems to have been spared for monuments to the conflict upon which the state was founded. ...</p><br clear="all"/>http://news.yahoo.com/little-sign-economic-stress-north-koreas-well-swept-185245157.htmlSun, 28 Jul 2013 14:52:45 -0400Reuterslittle-sign-economic-stress-north-koreas-well-swept-185245157<p><a href="http://news.yahoo.com/little-sign-economic-stress-north-koreas-well-swept-185245157.html"><img src="http://l2.yimg.com/bt/api/res/1.2/GY1YxanIGNaidZ1hBQ5E2Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T185245Z_1_CBRE96R1GG300_RTROPTP_2_KOREA-NORTH.JPG" width="130" height="86" alt="North Korean singers perform during an artistic performance in Pyongyang" align="left" title="North Korean singers perform during an artistic performance in Pyongyang" border="0" /></a>By Se Young Lee PYONGYANG (Reuters) - North Korea&#039;s economy is believed to be virtually lifeless after decades of mismanagement, isolation and sanctions aimed at foiling its nuclear ambitions but its showcase capital, Pyongyang, shows no hint of calamity. Secretive North Korea allowed in a large group of foreign journalists last week to cover Saturday&#039;s lavish celebrations of the 60th anniversary of the truce that ended the 1950-53 Korean War, which North Korea says it won. No expense seems to have been spared for monuments to the conflict upon which the state was founded. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/serbian-finance-minister-cedes-economy-brief-averts-risk-153623801.html"><img src="http://l2.yimg.com/bt/api/res/1.2/dt5skSTcLHkA_Vx8hUt19w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T153623Z_1_CBRE96R17CV00_RTROPTP_2_SERBIA-ECONOMY.JPG" width="130" height="86" alt="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" align="left" title="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" border="0" /></a>BELGRADE (Reuters) - Serbian Finance Minister Mladjan Dinkic agreed on Sunday to cede his economy portfolio, averting possible snap elections that could have dented the country&#039;s ambitions to join the European Union. Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia&#039;s biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. ...</p><br clear="all"/>http://news.yahoo.com/serbian-finance-minister-cedes-economy-brief-averts-risk-153623801.htmlSun, 28 Jul 2013 11:36:23 -0400Reutersserbian-finance-minister-cedes-economy-brief-averts-risk-153623801<p><a href="http://news.yahoo.com/serbian-finance-minister-cedes-economy-brief-averts-risk-153623801.html"><img src="http://l2.yimg.com/bt/api/res/1.2/dt5skSTcLHkA_Vx8hUt19w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T153623Z_1_CBRE96R17CV00_RTROPTP_2_SERBIA-ECONOMY.JPG" width="130" height="86" alt="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" align="left" title="Serbian Economy Minister Dinkic speaks during an interview with Reuters in Belgrade" border="0" /></a>BELGRADE (Reuters) - Serbian Finance Minister Mladjan Dinkic agreed on Sunday to cede his economy portfolio, averting possible snap elections that could have dented the country&#039;s ambitions to join the European Union. Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia&#039;s biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/brazils-rousseff-rules-more-spending-cuts-newspaper-135414187.html"><img src="http://l.yimg.com/bt/api/res/1.2/lPzkh6ROwlSI2uU_D56Uhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T135414Z_1_CBRE96R12N500_RTROPTP_2_CNEWS-US-BRAZIL-POLITICS-ROUSSEFF.JPG" width="130" height="86" alt="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" align="left" title="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" border="0" /></a>SAO PAULO (Reuters) - Brazilian President Dilma Rousseff ruled out additional spending cuts or a reduction in the number of government ministries from 39, saying the benefits of such measures to spur economic growth would be minimal, Folha de S?o Paulo newspaper reported on Sunday. Rousseff said in an interview with Folha that all possible measures to contain budget expenditures have been taken and that trimming the number of ministries might hamper the government&#039;s efforts to reduce social and economic inequality. ...</p><br clear="all"/>http://news.yahoo.com/brazils-rousseff-rules-more-spending-cuts-newspaper-135414187.htmlSun, 28 Jul 2013 09:54:14 -0400Reutersbrazils-rousseff-rules-more-spending-cuts-newspaper-135414187<p><a href="http://news.yahoo.com/brazils-rousseff-rules-more-spending-cuts-newspaper-135414187.html"><img src="http://l.yimg.com/bt/api/res/1.2/lPzkh6ROwlSI2uU_D56Uhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T135414Z_1_CBRE96R12N500_RTROPTP_2_CNEWS-US-BRAZIL-POLITICS-ROUSSEFF.JPG" width="130" height="86" alt="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" align="left" title="Brazil&#039;s President Rousseff reacts during a meeting with representatives of the Black Movement at Planalto Palace in Brasilia" border="0" /></a>SAO PAULO (Reuters) - Brazilian President Dilma Rousseff ruled out additional spending cuts or a reduction in the number of government ministries from 39, saying the benefits of such measures to spur economic growth would be minimal, Folha de S?o Paulo newspaper reported on Sunday. Rousseff said in an interview with Folha that all possible measures to contain budget expenditures have been taken and that trimming the number of ministries might hamper the government&#039;s efforts to reduce social and economic inequality. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/lew-says-stubborn-congress-risks-repeating-u-fiscal-131024700.html"><img src="http://l1.yimg.com/bt/api/res/1.2/cXptpHOLYo6C80XLNjI33w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T131024Z_1_CBRE96R10LY00_RTROPTP_2_USA-FISCAL.JPG" width="130" height="86" alt="Treasury Secretary Lew testifies on Capitol Hill in Washington" align="left" title="Treasury Secretary Lew testifies on Capitol Hill in Washington" border="0" /></a>WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Sunday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines set the stage for a repeat of the political deadlock which two years ago triggered worldwide financial market turmoil. In coming negotiations with Republicans, who control the House of Representatives, Democratic President Barack Obama will focus on ways to create economic gains for the middle class over spending cuts, Lew said. &quot;We have already done a lot of deficit reduction,&quot; he said in an interview on NBC. ...</p><br clear="all"/>http://news.yahoo.com/lew-says-stubborn-congress-risks-repeating-u-fiscal-131024700.htmlSun, 28 Jul 2013 09:10:24 -0400Reuterslew-says-stubborn-congress-risks-repeating-u-fiscal-131024700<p><a href="http://news.yahoo.com/lew-says-stubborn-congress-risks-repeating-u-fiscal-131024700.html"><img src="http://l1.yimg.com/bt/api/res/1.2/cXptpHOLYo6C80XLNjI33w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T131024Z_1_CBRE96R10LY00_RTROPTP_2_USA-FISCAL.JPG" width="130" height="86" alt="Treasury Secretary Lew testifies on Capitol Hill in Washington" align="left" title="Treasury Secretary Lew testifies on Capitol Hill in Washington" border="0" /></a>WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Sunday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines set the stage for a repeat of the political deadlock which two years ago triggered worldwide financial market turmoil. In coming negotiations with Republicans, who control the House of Representatives, Democratic President Barack Obama will focus on ways to create economic gains for the middle class over spending cuts, Lew said. &quot;We have already done a lot of deficit reduction,&quot; he said in an interview on NBC. ...</p><br clear="all"/>By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - A slowdown in China has hit its financial markets hard this year as fund managers cut exposure to the world's second largest economy, but some investors say it may be time to jump back in. The country's downturn is being felt around the world. Energy and materials stocks have been hit, commodities prices are lower, and the currencies of China's trading partners, including Australia, Taiwan and South Korea, have tumbled. The index of the leading Shanghai and Shenzhen A-shares - the CSI300 - was down 11. ...http://news.yahoo.com/analysis-oversold-china-catches-eye-investors-130546520.htmlSun, 28 Jul 2013 09:05:46 -0400Reutersanalysis-oversold-china-catches-eye-investors-130546520By Jason Lange WASHINGTON (Reuters) - As many a former factory worker can attest, U.S. companies have invested so heavily in technology that some plants now practically run themselves. So it is rather odd that official data suggests American businesses for decades have been growing less aggressive at investing in their operations. This apparent contradiction helps illustrate a rethinking under way on how to measure economic output, a discussion that is leading to an overhaul of government data this week that will show the U.S. economy is a bit larger than previously thought. ...http://news.yahoo.com/analysis-intangible-investments-cast-u-economy-brighter-light-110606252.htmlSun, 28 Jul 2013 07:06:06 -0400Reutersanalysis-intangible-investments-cast-u-economy-brighter-light-110606252<p><a href="http://news.yahoo.com/italian-economy-minister-calls-end-recession-press-104845452.html"><img src="http://l.yimg.com/bt/api/res/1.2/Yq2WYAMaFDqP5ojsZY5.lA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T104845Z_1_CBRE96R0U1H00_RTROPTP_2_EUROZONE-BANKUNION.JPG" width="130" height="86" alt="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" align="left" title="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" border="0" /></a>MILAN (Reuters) - Italy&#039;s economy will begin emerging from its longest slump since World War Two in the fourth quarter of this year and should grow through 2014, Economy Minister Fabrizio Saccomanni said. Asked when Italy would exit the recession, Saccomanni told Rome daily Il Messaggero in an interview published on Sunday: &quot;By the end of this year. &quot;The signs can already be seen in this third quarter, the fourth quarter should see the first positive number. And the whole of 2014 will be positive. ...</p><br clear="all"/>http://news.yahoo.com/italian-economy-minister-calls-end-recession-press-104845452.htmlSun, 28 Jul 2013 06:48:45 -0400Reutersitalian-economy-minister-calls-end-recession-press-104845452<p><a href="http://news.yahoo.com/italian-economy-minister-calls-end-recession-press-104845452.html"><img src="http://l.yimg.com/bt/api/res/1.2/Yq2WYAMaFDqP5ojsZY5.lA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T104845Z_1_CBRE96R0U1H00_RTROPTP_2_EUROZONE-BANKUNION.JPG" width="130" height="86" alt="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" align="left" title="Italy&#039;s Economy Minister Saccomanni smiles at the start of an euro zone finance ministers meeting in Brussels" border="0" /></a>MILAN (Reuters) - Italy&#039;s economy will begin emerging from its longest slump since World War Two in the fourth quarter of this year and should grow through 2014, Economy Minister Fabrizio Saccomanni said. Asked when Italy would exit the recession, Saccomanni told Rome daily Il Messaggero in an interview published on Sunday: &quot;By the end of this year. &quot;The signs can already be seen in this third quarter, the fourth quarter should see the first positive number. And the whole of 2014 will be positive. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/japans-pm-may-rethink-tax-hike-could-shake-081644490.html"><img src="http://l3.yimg.com/bt/api/res/1.2/2ZnrGUqb9ZRIzcxc11YFkA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T081644Z_1_CBRE96R0N0200_RTROPTP_2_JAPAN-ECONOMY-TAX.JPG" width="130" height="86" alt="Japan&#039;s PM Abe speaks during a news conference in Tokyo" align="left" title="Japan&#039;s PM Abe speaks during a news conference in Tokyo" border="0" /></a>By William Mallard TOKYO (Reuters) - Japan&#039;s most significant fiscal reform in years - a planned increase in the country&#039;s sales tax - could be delayed or watered down in a move that might rattle financial markets and amount to an own goal for the prime minister. Despite holding the strongest political mandate of any prime minister in years, there are signs Shinzo Abe is seriously rethinking the plan out of concern it could derail a nascent economic recovery he has crafted with an aggressive policy mix, dubbed Abenomics. ...</p><br clear="all"/>http://news.yahoo.com/japans-pm-may-rethink-tax-hike-could-shake-081644490.htmlSun, 28 Jul 2013 04:16:44 -0400Reutersjapans-pm-may-rethink-tax-hike-could-shake-081644490<p><a href="http://news.yahoo.com/japans-pm-may-rethink-tax-hike-could-shake-081644490.html"><img src="http://l3.yimg.com/bt/api/res/1.2/2ZnrGUqb9ZRIzcxc11YFkA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-28T081644Z_1_CBRE96R0N0200_RTROPTP_2_JAPAN-ECONOMY-TAX.JPG" width="130" height="86" alt="Japan&#039;s PM Abe speaks during a news conference in Tokyo" align="left" title="Japan&#039;s PM Abe speaks during a news conference in Tokyo" border="0" /></a>By William Mallard TOKYO (Reuters) - Japan&#039;s most significant fiscal reform in years - a planned increase in the country&#039;s sales tax - could be delayed or watered down in a move that might rattle financial markets and amount to an own goal for the prime minister. Despite holding the strongest political mandate of any prime minister in years, there are signs Shinzo Abe is seriously rethinking the plan out of concern it could derail a nascent economic recovery he has crafted with an aggressive policy mix, dubbed Abenomics. ...</p><br clear="all"/>BEIJING (Reuters) - China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday, underlining concern over rising debt levels in the world's second biggest economy. The audit office, responsible for overseeing state finances, made the announcement in a one-sentence item on its website, but gave no details on the audit. ...http://news.yahoo.com/china-orders-nationwide-government-debt-audit-051836178.htmlSun, 28 Jul 2013 01:18:36 -0400Reuterschina-orders-nationwide-government-debt-audit-051836178<p><a href="http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.html"><img src="http://l.yimg.com/bt/api/res/1.2/AXseaos6FivYYgVIgmSMNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T204729Z_1_CBRE96Q1LRU00_RTROPTP_2_USA-FED.JPG" width="130" height="86" alt="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" align="left" title="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to &quot;some extraordinary candidates&quot; and will announce his pick &quot;over the next several months,&quot; he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. &quot;The idea is to promote those things in service of the lives of ordinary Americans getting better,&quot; Obama said. ...</p><br clear="all"/>http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.htmlSat, 27 Jul 2013 17:11:51 -0400Reutersobama-says-narrowed-fed-choices-announce-months-ny-204729866<p><a href="http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.html"><img src="http://l.yimg.com/bt/api/res/1.2/AXseaos6FivYYgVIgmSMNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T204729Z_1_CBRE96Q1LRU00_RTROPTP_2_USA-FED.JPG" width="130" height="86" alt="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" align="left" title="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to &quot;some extraordinary candidates&quot; and will announce his pick &quot;over the next several months,&quot; he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. &quot;The idea is to promote those things in service of the lives of ordinary Americans getting better,&quot; Obama said. ...</p><br clear="all"/>Source: http://rss.news.yahoo.com/rss/economy

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