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All rights reservedSun, 14 Jul 2013 17:30:22 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/china-economic-slowdown-seen-deepening-beijing-pushes-reform-213022468.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Vu77lssBFWQ9HCTj_flUww--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T213022Z_1_CBRE96D1NQT00_RTROPTP_2_CBUSINESS-US-CHINA-ECONOMY.JPG" width="130" height="86" alt="Migrant worker holding a ticket in his mouth carries his luggage at Beijing railway station" align="left" title="Migrant worker holding a ticket in his mouth carries his luggage at Beijing railway station" border="0" /></a>By Langi Chiang and Jonathan Standing BEIJING (Reuters) - China&#039;s GDP growth is expected to have slowed down in the second quarter as weak overseas demand weighs on output and investment, providing a test for Beijing&#039;s resolve to revamp the world&#039;s second-biggest economy in the face of deteriorating data. Second-quarter GDP figures are due to be published on Monday along with other indicators, including industrial output and retail sales for June. A Reuters poll of forecasts by economists projected China&#039;s economy grew 7.5 percent in the April-June quarter from a year earlier, slowing from 7. ...</p><br clear="all"/>http://news.yahoo.com/china-economic-slowdown-seen-deepening-beijing-pushes-reform-213022468.htmlSun, 14 Jul 2013 17:30:22 -0400Reuterschina-economic-slowdown-seen-deepening-beijing-pushes-reform-213022468<p><a href="http://news.yahoo.com/china-economic-slowdown-seen-deepening-beijing-pushes-reform-213022468.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Vu77lssBFWQ9HCTj_flUww--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T213022Z_1_CBRE96D1NQT00_RTROPTP_2_CBUSINESS-US-CHINA-ECONOMY.JPG" width="130" height="86" alt="Migrant worker holding a ticket in his mouth carries his luggage at Beijing railway station" align="left" title="Migrant worker holding a ticket in his mouth carries his luggage at Beijing railway station" border="0" /></a>By Langi Chiang and Jonathan Standing BEIJING (Reuters) - China&#039;s GDP growth is expected to have slowed down in the second quarter as weak overseas demand weighs on output and investment, providing a test for Beijing&#039;s resolve to revamp the world&#039;s second-biggest economy in the face of deteriorating data. Second-quarter GDP figures are due to be published on Monday along with other indicators, including industrial output and retail sales for June. A Reuters poll of forecasts by economists projected China&#039;s economy grew 7.5 percent in the April-June quarter from a year earlier, slowing from 7. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/small-big-japanese-automakers-eyeing-indonesia-india-212816625.html"><img src="http://l.yimg.com/bt/api/res/1.2/kCKqN5YhnUT4pj7v_yJi1g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T221723Z_1_CBRE96D1PX100_RTROPTP_2_JAPAN-AUTOS-MINICARS.JPG" width="130" height="86" alt="Honda Motor Co&#039;s N Box minicar goes on a street in Tokyo" align="left" title="Honda Motor Co&#039;s N Box minicar goes on a street in Tokyo" border="0" /></a>By Yoko Kubota TOKYO (Reuters) - Japanese automakers like Honda Motor Co and the Toyota-Daihatsu group have a problem: the smallest cars they make are very big in Japan - and only Japan. Consider Honda&#039;s hi-tech N BOX, a four-passenger microcar that combines some of the utility features of a much larger SUV - the seats roll down to load a bicycle or two - and the fuel-sipping economy of a tiny, 660-cc engine. For the first half of 2013, the zippy N BOX was the best-selling car in Japan&#039;s popular vehicle category that now represents almost 40 percent of vehicles on the road. ...</p><br clear="all"/>http://news.yahoo.com/small-big-japanese-automakers-eyeing-indonesia-india-212816625.htmlSun, 14 Jul 2013 17:28:16 -0400Reuterssmall-big-japanese-automakers-eyeing-indonesia-india-212816625<p><a href="http://news.yahoo.com/small-big-japanese-automakers-eyeing-indonesia-india-212816625.html"><img src="http://l.yimg.com/bt/api/res/1.2/kCKqN5YhnUT4pj7v_yJi1g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T221723Z_1_CBRE96D1PX100_RTROPTP_2_JAPAN-AUTOS-MINICARS.JPG" width="130" height="86" alt="Honda Motor Co&#039;s N Box minicar goes on a street in Tokyo" align="left" title="Honda Motor Co&#039;s N Box minicar goes on a street in Tokyo" border="0" /></a>By Yoko Kubota TOKYO (Reuters) - Japanese automakers like Honda Motor Co and the Toyota-Daihatsu group have a problem: the smallest cars they make are very big in Japan - and only Japan. Consider Honda&#039;s hi-tech N BOX, a four-passenger microcar that combines some of the utility features of a much larger SUV - the seats roll down to load a bicycle or two - and the fuel-sipping economy of a tiny, 660-cc engine. For the first half of 2013, the zippy N BOX was the best-selling car in Japan&#039;s popular vehicle category that now represents almost 40 percent of vehicles on the road. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/analysis-chinas-economic-pain-increases-does-reform-effort-212149762.html"><img src="http://l3.yimg.com/bt/api/res/1.2/BZLhd2eItEbglI2lGWWPhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T212149Z_1_CBRE96D1NCP00_RTROPTP_2_CBUSINESS-US-CHINA-ECONOMY-POLICY-ANALYSIS.JPG" width="130" height="86" alt="Construction workers wait for a bus after their workday at Pudong financial district in Shanghai" align="left" title="Construction workers wait for a bus after their workday at Pudong financial district in Shanghai" border="0" /></a>By Kevin Yao BEIJING (Reuters) - China&#039;s reform-minded leaders are more willing than ever to raise the pain threshold for the economy to push through long-term reforms, despite a protracted slowdown that has sparked calls for looser monetary policy. Grim trade data for June last week fanned market talk of fresh steps to support an economy heading for its weakest growth this year in more than two decades. ...</p><br clear="all"/>http://news.yahoo.com/analysis-chinas-economic-pain-increases-does-reform-effort-212149762.htmlSun, 14 Jul 2013 17:21:49 -0400Reutersanalysis-chinas-economic-pain-increases-does-reform-effort-212149762<p><a href="http://news.yahoo.com/analysis-chinas-economic-pain-increases-does-reform-effort-212149762.html"><img src="http://l3.yimg.com/bt/api/res/1.2/BZLhd2eItEbglI2lGWWPhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T212149Z_1_CBRE96D1NCP00_RTROPTP_2_CBUSINESS-US-CHINA-ECONOMY-POLICY-ANALYSIS.JPG" width="130" height="86" alt="Construction workers wait for a bus after their workday at Pudong financial district in Shanghai" align="left" title="Construction workers wait for a bus after their workday at Pudong financial district in Shanghai" border="0" /></a>By Kevin Yao BEIJING (Reuters) - China&#039;s reform-minded leaders are more willing than ever to raise the pain threshold for the economy to push through long-term reforms, despite a protracted slowdown that has sparked calls for looser monetary policy. Grim trade data for June last week fanned market talk of fresh steps to support an economy heading for its weakest growth this year in more than two decades. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/rajoys-risky-bet-spanish-economic-recovery-140840315.html"><img src="http://l1.yimg.com/bt/api/res/1.2/WLXQ5YPRW0jbgNSbdQgNig--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T201846Z_2_CBRE96D13AQ00_RTROPTP_2_CBUSINESS-US-SPAIN-ECONOMY-RAJOY.JPG" width="130" height="86" alt="Spain&#039;s PM Rajoy gestures during a presentation on social action entities in Madrid" align="left" title="Spain&#039;s PM Rajoy gestures during a presentation on social action entities in Madrid" border="0" /></a>By Julien Toyer MADRID (Reuters) - Spain&#039;s Mariano Rajoy is making a risky political bet in claiming recovery is close at hand as a recent economic upturn is fragile and even if it persists an austerity-weary public may not feel much benefit, analysts and sources say. For weeks, the government has tried to move away from the gloomy picture it presented in April when it updated its economic strategy, pointing at encouraging trade, labor cost and deficit numbers instead. ...</p><br clear="all"/>http://news.yahoo.com/rajoys-risky-bet-spanish-economic-recovery-140840315.htmlSun, 14 Jul 2013 16:18:46 -0400Reutersrajoys-risky-bet-spanish-economic-recovery-140840315<p><a href="http://news.yahoo.com/rajoys-risky-bet-spanish-economic-recovery-140840315.html"><img src="http://l1.yimg.com/bt/api/res/1.2/WLXQ5YPRW0jbgNSbdQgNig--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T201846Z_2_CBRE96D13AQ00_RTROPTP_2_CBUSINESS-US-SPAIN-ECONOMY-RAJOY.JPG" width="130" height="86" alt="Spain&#039;s PM Rajoy gestures during a presentation on social action entities in Madrid" align="left" title="Spain&#039;s PM Rajoy gestures during a presentation on social action entities in Madrid" border="0" /></a>By Julien Toyer MADRID (Reuters) - Spain&#039;s Mariano Rajoy is making a risky political bet in claiming recovery is close at hand as a recent economic upturn is fragile and even if it persists an austerity-weary public may not feel much benefit, analysts and sources say. For weeks, the government has tried to move away from the gloomy picture it presented in April when it updated its economic strategy, pointing at encouraging trade, labor cost and deficit numbers instead. ...</p><br clear="all"/>By Patrick Werr CAIRO (Reuters) - Egypt's new finance minister is a U.S.-educated economist who will need all his training to help pull his country out of an acute financial crisis aggravated by renewed political turmoil. Ahmed Galal, managing director of the Cairo-based Economic Research Forum since 2007 and for 18 years a researcher at the World Bank, said he had accepted the post of finance minister in the army-backed government of Prime Minister Hazem el-Beblawi. ...http://news.yahoo.com/egypts-finance-minister-faces-daunting-task-180850470.htmlSun, 14 Jul 2013 14:08:50 -0400Reutersegypts-finance-minister-faces-daunting-task-180850470<p><a href="http://news.yahoo.com/frances-hollande-points-economic-recovery-urges-optimism-163354124.html"><img src="http://l3.yimg.com/bt/api/res/1.2/aKFYXpMnDVECP31UjLTD6g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T163354Z_1_CBRE96D1A0N00_RTROPTP_2_CBUSINESS-US-FRANCE-HOLLANDE.JPG" width="130" height="86" alt="French President Hollande speaks with journalists following the traditional Bastille day military parade in Paris" align="left" title="French President Hollande speaks with journalists following the traditional Bastille day military parade in Paris" border="0" /></a>By Nicholas Vinocur PARIS (Reuters) - French President Francois Hollande said Europe&#039;s second-largest economy was recovering and tried to fight deepening pessimism in an interview on Sunday, two days after ratings agency Fitch stripped the country of its last top-notch credit rating. He urged the French to be more positive, highlighting a slight rebound in industrial output data, a bump in consumer spending and an improved forecast from France&#039;s central bank for growth in the second quarter. ...</p><br clear="all"/>http://news.yahoo.com/frances-hollande-points-economic-recovery-urges-optimism-163354124.htmlSun, 14 Jul 2013 12:33:54 -0400Reutersfrances-hollande-points-economic-recovery-urges-optimism-163354124<p><a href="http://news.yahoo.com/frances-hollande-points-economic-recovery-urges-optimism-163354124.html"><img src="http://l3.yimg.com/bt/api/res/1.2/aKFYXpMnDVECP31UjLTD6g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T163354Z_1_CBRE96D1A0N00_RTROPTP_2_CBUSINESS-US-FRANCE-HOLLANDE.JPG" width="130" height="86" alt="French President Hollande speaks with journalists following the traditional Bastille day military parade in Paris" align="left" title="French President Hollande speaks with journalists following the traditional Bastille day military parade in Paris" border="0" /></a>By Nicholas Vinocur PARIS (Reuters) - French President Francois Hollande said Europe&#039;s second-largest economy was recovering and tried to fight deepening pessimism in an interview on Sunday, two days after ratings agency Fitch stripped the country of its last top-notch credit rating. He urged the French to be more positive, highlighting a slight rebound in industrial output data, a bump in consumer spending and an improved forecast from France&#039;s central bank for growth in the second quarter. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/analysis-sting-dragons-tail-foreign-companies-china-152339479.html"><img src="http://l3.yimg.com/bt/api/res/1.2/diHsIs1np49TEfUIvg3ZIQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T152339Z_1_CBRE96D16S100_RTROPTP_2_CHINA.JPG" width="130" height="86" alt="A general view of the China World Trade Centre Tower III is seen before Earth Hour in Beijing" align="left" title="A general view of the China World Trade Centre Tower III is seen before Earth Hour in Beijing" border="0" /></a>By Sujata Rao LONDON (Reuters) - China&#039;s vast market for foreign goods and services, once seen by global companies as a modern-day El Dorado, is becoming a weight around their necks as its growth slows. The rise of the Chinese economic &quot;dragon&quot; over the last two decades has transformed international business. But now the country is in the grip of a slowdown due to a slump in exports and banking sector excesses, as recent data has shown. That has led fund managers worldwide to re-assess their investments in companies with a focus on the world&#039;s No.2 economy. ...</p><br clear="all"/>http://news.yahoo.com/analysis-sting-dragons-tail-foreign-companies-china-152339479.htmlSun, 14 Jul 2013 11:23:39 -0400Reutersanalysis-sting-dragons-tail-foreign-companies-china-152339479<p><a href="http://news.yahoo.com/analysis-sting-dragons-tail-foreign-companies-china-152339479.html"><img src="http://l3.yimg.com/bt/api/res/1.2/diHsIs1np49TEfUIvg3ZIQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T152339Z_1_CBRE96D16S100_RTROPTP_2_CHINA.JPG" width="130" height="86" alt="A general view of the China World Trade Centre Tower III is seen before Earth Hour in Beijing" align="left" title="A general view of the China World Trade Centre Tower III is seen before Earth Hour in Beijing" border="0" /></a>By Sujata Rao LONDON (Reuters) - China&#039;s vast market for foreign goods and services, once seen by global companies as a modern-day El Dorado, is becoming a weight around their necks as its growth slows. The rise of the Chinese economic &quot;dragon&quot; over the last two decades has transformed international business. But now the country is in the grip of a slowdown due to a slump in exports and banking sector excesses, as recent data has shown. That has led fund managers worldwide to re-assess their investments in companies with a focus on the world&#039;s No.2 economy. ...</p><br clear="all"/>NAIROBI (Reuters) - Kenya's energy regulator raised retail fuel prices for petrol and diesel on Sunday due to rising global oil prices and a weaker local currency, while decreasing the price of kerosene. Fuel prices have a big impact on the rate of inflation in the east African economy. The rate rose to 4.91 percent in June from 4.05 percent a month earlier. The economy heavily depends on diesel for transport, power generation and agriculture. Kerosene is used in many households for lighting and cooking. ...http://news.yahoo.com/kenya-raises-price-petrol-diesel-pump-112256638.htmlSun, 14 Jul 2013 07:22:56 -0400Reuterskenya-raises-price-petrol-diesel-pump-112256638<p><a href="http://news.yahoo.com/spain-recession-must-nurture-recovery-minister-105349572.html"><img src="http://l2.yimg.com/bt/api/res/1.2/aa6XuyPbZge6y088ZZA8xg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T105349Z_1_CBRE96D0UA200_RTROPTP_2_CBUSINESS-US-SPAIN-ECONOMY.JPG" width="130" height="86" alt="People wait to enter a government job centre in Madrid" align="left" title="People wait to enter a government job centre in Madrid" border="0" /></a>MADRID (Reuters) - Spain&#039;s economy will grow in the second half of the year but the government must implement reforms and cut the deficit - at the right pace - to keep the recovery going, Economy Minister Luis De Guindos said in an interview published on Sunday. &quot;The recession is over. The issue now is how strong the recovery is going to be,&quot; de Guindos said in the interview in El Pais. &quot;The recovery is a small flower in a greenhouse that has to be tended to... ...</p><br clear="all"/>http://news.yahoo.com/spain-recession-must-nurture-recovery-minister-105349572.htmlSun, 14 Jul 2013 06:53:49 -0400Reutersspain-recession-must-nurture-recovery-minister-105349572<p><a href="http://news.yahoo.com/spain-recession-must-nurture-recovery-minister-105349572.html"><img src="http://l2.yimg.com/bt/api/res/1.2/aa6XuyPbZge6y088ZZA8xg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T105349Z_1_CBRE96D0UA200_RTROPTP_2_CBUSINESS-US-SPAIN-ECONOMY.JPG" width="130" height="86" alt="People wait to enter a government job centre in Madrid" align="left" title="People wait to enter a government job centre in Madrid" border="0" /></a>MADRID (Reuters) - Spain&#039;s economy will grow in the second half of the year but the government must implement reforms and cut the deficit - at the right pace - to keep the recovery going, Economy Minister Luis De Guindos said in an interview published on Sunday. &quot;The recession is over. The issue now is how strong the recovery is going to be,&quot; de Guindos said in the interview in El Pais. &quot;The recovery is a small flower in a greenhouse that has to be tended to... ...</p><br clear="all"/><p><a href="http://news.yahoo.com/kuwait-court-rejects-election-challenge-confirms-july-27-102241918.html"><img src="http://l.yimg.com/bt/api/res/1.2/.HSh3VPL_CxTjBsqWWAWbw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T102241Z_1_CBRE96D0STW00_RTROPTP_2_SYRIA-CRISIS-KUWAIT.JPG" width="130" height="86" alt="Kuwait Emir Sheikh Sabah al-Ahmed al-Sabah smiles ahead of the opening ceremony of the International Humanitarian Pledging Conference for Syria at Bayan Palace on the outskirts of Kuwait City" align="left" title="Kuwait Emir Sheikh Sabah al-Ahmed al-Sabah smiles ahead of the opening ceremony of the International Humanitarian Pledging Conference for Syria at Bayan Palace on the outskirts of Kuwait City" border="0" /></a>KUWAIT (Reuters) - A Kuwaiti administrative court threw out on Sunday legal challenges to a parliamentary election set for July 27, a judicial source and an elections candidate said, effectively paving the way for the vote to proceed on time. Almost constant factional infighting over the past seven years has prompted repeated elections, stalled infrastructure development and held up economic reforms in Kuwait, an important Gulf Arab oil producer and U.S. ally. ...</p><br clear="all"/>http://news.yahoo.com/kuwait-court-rejects-election-challenge-confirms-july-27-102241918.htmlSun, 14 Jul 2013 06:22:41 -0400Reuterskuwait-court-rejects-election-challenge-confirms-july-27-102241918<p><a href="http://news.yahoo.com/kuwait-court-rejects-election-challenge-confirms-july-27-102241918.html"><img src="http://l.yimg.com/bt/api/res/1.2/.HSh3VPL_CxTjBsqWWAWbw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-14T102241Z_1_CBRE96D0STW00_RTROPTP_2_SYRIA-CRISIS-KUWAIT.JPG" width="130" height="86" alt="Kuwait Emir Sheikh Sabah al-Ahmed al-Sabah smiles ahead of the opening ceremony of the International Humanitarian Pledging Conference for Syria at Bayan Palace on the outskirts of Kuwait City" align="left" title="Kuwait Emir Sheikh Sabah al-Ahmed al-Sabah smiles ahead of the opening ceremony of the International Humanitarian Pledging Conference for Syria at Bayan Palace on the outskirts of Kuwait City" border="0" /></a>KUWAIT (Reuters) - A Kuwaiti administrative court threw out on Sunday legal challenges to a parliamentary election set for July 27, a judicial source and an elections candidate said, effectively paving the way for the vote to proceed on time. Almost constant factional infighting over the past seven years has prompted repeated elections, stalled infrastructure development and held up economic reforms in Kuwait, an important Gulf Arab oil producer and U.S. ally. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/egypts-islamists-streets-cairo-protests-peaceful-000129646.html"><img src="http://l3.yimg.com/bt/api/res/1.2/eU.PaEhi2etams0TibjioA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T121310Z_2_CBRE96C005K00_RTROPTP_2_EGYPT-PROTESTS-MURSI.JPG" width="130" height="86" alt="Members of the Muslim Brotherhood and supporters of deposed Egyptian President Mohamed Mursi gather at the Rabaa Adawiya square" align="left" title="Members of the Muslim Brotherhood and supporters of deposed Egyptian President Mohamed Mursi gather at the Rabaa Adawiya square" border="0" /></a>By Yasmine Saleh and Peter Graff CAIRO (Reuters) - Egypt announced a criminal investigation on Saturday against deposed Islamist President Mohamed Mursi, with prosecutors saying they were examining complaints of spying, inciting violence and ruining the economy. Egypt&#039;s first freely elected leader has been held at an undisclosed location since the army removed him from power on July 3, but has not yet been charged with any crime. In recent days, Washington has called for him to be freed and for the authorities to stop arresting leaders of his Muslim Brotherhood. ...</p><br clear="all"/>http://news.yahoo.com/egypts-islamists-streets-cairo-protests-peaceful-000129646.htmlSat, 13 Jul 2013 18:57:46 -0400Reutersegypts-islamists-streets-cairo-protests-peaceful-000129646<p><a href="http://news.yahoo.com/egypts-islamists-streets-cairo-protests-peaceful-000129646.html"><img src="http://l3.yimg.com/bt/api/res/1.2/eU.PaEhi2etams0TibjioA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T121310Z_2_CBRE96C005K00_RTROPTP_2_EGYPT-PROTESTS-MURSI.JPG" width="130" height="86" alt="Members of the Muslim Brotherhood and supporters of deposed Egyptian President Mohamed Mursi gather at the Rabaa Adawiya square" align="left" title="Members of the Muslim Brotherhood and supporters of deposed Egyptian President Mohamed Mursi gather at the Rabaa Adawiya square" border="0" /></a>By Yasmine Saleh and Peter Graff CAIRO (Reuters) - Egypt announced a criminal investigation on Saturday against deposed Islamist President Mohamed Mursi, with prosecutors saying they were examining complaints of spying, inciting violence and ruining the economy. Egypt&#039;s first freely elected leader has been held at an undisclosed location since the army removed him from power on July 3, but has not yet been charged with any crime. In recent days, Washington has called for him to be freed and for the authorities to stop arresting leaders of his Muslim Brotherhood. ...</p><br clear="all"/>ATHENS (Reuters) - Greeks are split down the middle on whether public sector job cuts demanded by the country's international lenders for continued bailout funding are necessary and most remain downbeat on the economy's prospects, an opinion poll showed on Saturday. Greek municipal workers have taken to the streets against government plans to cut thousands of public-sector jobs, measures included in a multi-pronged bill to be voted on in parliament next week as a condition for more payments of aid. ...http://news.yahoo.com/greeks-split-reforms-public-sector-job-cuts-poll-194032348.htmlSat, 13 Jul 2013 15:40:32 -0400Reutersgreeks-split-reforms-public-sector-job-cuts-poll-194032348<p><a href="http://news.yahoo.com/greeks-split-reforms-public-sector-job-cuts-opinion-134727277.html"><img src="http://l2.yimg.com/bt/api/res/1.2/2gG_5tfRZCex9ST9hlXyoA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T134727Z_1_CBRE96C12B900_RTROPTP_2_GREECE-STRIKE.JPG" width="130" height="86" alt="A municipal worker shouts slogans outside the Interior Ministry during a rally in Athens" align="left" title="A municipal worker shouts slogans outside the Interior Ministry during a rally in Athens" border="0" /></a>ATHENS (Reuters) - Greeks are split on whether public sector job cuts demanded by the country&#039;s international lenders for continued bailout funding are necessary and most remain downbeat on the economy&#039;s prospects, an opinion poll showed on Saturday. Government plans to cut thousands of public-sector jobs are among the measures included in a multi-pronged bill to be voted on in parliament next week as a condition for more aid from its euro zone partners and the International Monetary Fund. ...</p><br clear="all"/>http://news.yahoo.com/greeks-split-reforms-public-sector-job-cuts-opinion-134727277.htmlSat, 13 Jul 2013 09:47:27 -0400Reutersgreeks-split-reforms-public-sector-job-cuts-opinion-134727277<p><a href="http://news.yahoo.com/greeks-split-reforms-public-sector-job-cuts-opinion-134727277.html"><img src="http://l2.yimg.com/bt/api/res/1.2/2gG_5tfRZCex9ST9hlXyoA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T134727Z_1_CBRE96C12B900_RTROPTP_2_GREECE-STRIKE.JPG" width="130" height="86" alt="A municipal worker shouts slogans outside the Interior Ministry during a rally in Athens" align="left" title="A municipal worker shouts slogans outside the Interior Ministry during a rally in Athens" border="0" /></a>ATHENS (Reuters) - Greeks are split on whether public sector job cuts demanded by the country&#039;s international lenders for continued bailout funding are necessary and most remain downbeat on the economy&#039;s prospects, an opinion poll showed on Saturday. Government plans to cut thousands of public-sector jobs are among the measures included in a multi-pronged bill to be voted on in parliament next week as a condition for more aid from its euro zone partners and the International Monetary Fund. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/xinhua-corrects-china-finance-ministers-growth-target-104840797.html"><img src="http://l.yimg.com/bt/api/res/1.2/gDOJMKfaKmu_dn5mWhRQdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T104840Z_1_CBRE96C0U1A00_RTROPTP_2_G20-STATEMENT.JPG" width="130" height="86" alt="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" align="left" title="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" border="0" /></a>BEIJING (Reuters) - The official Xinhua News Agency corrected on Saturday a dispatch that quoted the finance minister as saying growth could be 7 percent this year, in an apparent attempt to defuse market worries on a more severe slowdown. Xinhua&#039;s corrected story clarified that Minister Lou Jiwei, speaking in Washington, said: &quot;There is no doubt that China can achieve this year&#039;s growth target of 7.5 percent&quot;. That amounted to repeating the official target set in March for the world&#039;s second largest economy when the new government took office. ...</p><br clear="all"/>http://news.yahoo.com/xinhua-corrects-china-finance-ministers-growth-target-104840797.htmlSat, 13 Jul 2013 06:48:40 -0400Reutersxinhua-corrects-china-finance-ministers-growth-target-104840797<p><a href="http://news.yahoo.com/xinhua-corrects-china-finance-ministers-growth-target-104840797.html"><img src="http://l.yimg.com/bt/api/res/1.2/gDOJMKfaKmu_dn5mWhRQdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T104840Z_1_CBRE96C0U1A00_RTROPTP_2_G20-STATEMENT.JPG" width="130" height="86" alt="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" align="left" title="Chinese Minister of Finance Lou smiles before G20 finance ministers and central bank governors family photo in Washington" border="0" /></a>BEIJING (Reuters) - The official Xinhua News Agency corrected on Saturday a dispatch that quoted the finance minister as saying growth could be 7 percent this year, in an apparent attempt to defuse market worries on a more severe slowdown. Xinhua&#039;s corrected story clarified that Minister Lou Jiwei, speaking in Washington, said: &quot;There is no doubt that China can achieve this year&#039;s growth target of 7.5 percent&quot;. That amounted to repeating the official target set in March for the world&#039;s second largest economy when the new government took office. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/turkmenistans-gas-fuelled-gdp-rises-9-4-percent-101853439.html"><img src="http://l2.yimg.com/bt/api/res/1.2/8i7_Od_htIb6BFYTUvOosA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T101853Z_1_CBRE96C0SNW00_RTROPTP_2_CBUSINESS-US-TURKMENISTAN-GDP.JPG" width="130" height="86" alt="Turkmenistan&#039;s President Kurbanguly Berdymukhamedov stands during a photo opportunity at an official visit to the United Nations European headquarters in Geneva" align="left" title="Turkmenistan&#039;s President Kurbanguly Berdymukhamedov stands during a photo opportunity at an official visit to the United Nations European headquarters in Geneva" border="0" /></a>ASHGABAT (Reuters) - The economy of Turkmenistan, Central Asia&#039;s largest producer of natural gas, grew 9.4 percent in the first six months of 2013 compared to an 11.1 percent rise in the year-ago period, state media quoted the nation&#039;s president as saying on Saturday. President Kurbanguly Berdymukhamedov, who enjoys vast power in the Muslim nation of 5.5 million, was shown on television telling a government meeting that the country&#039;s rapid growth was backed by prudent state spending and massive foreign investment. ...</p><br clear="all"/>http://news.yahoo.com/turkmenistans-gas-fuelled-gdp-rises-9-4-percent-101853439.htmlSat, 13 Jul 2013 06:18:53 -0400Reutersturkmenistans-gas-fuelled-gdp-rises-9-4-percent-101853439<p><a href="http://news.yahoo.com/turkmenistans-gas-fuelled-gdp-rises-9-4-percent-101853439.html"><img src="http://l2.yimg.com/bt/api/res/1.2/8i7_Od_htIb6BFYTUvOosA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-13T101853Z_1_CBRE96C0SNW00_RTROPTP_2_CBUSINESS-US-TURKMENISTAN-GDP.JPG" width="130" height="86" alt="Turkmenistan&#039;s President Kurbanguly Berdymukhamedov stands during a photo opportunity at an official visit to the United Nations European headquarters in Geneva" align="left" title="Turkmenistan&#039;s President Kurbanguly Berdymukhamedov stands during a photo opportunity at an official visit to the United Nations European headquarters in Geneva" border="0" /></a>ASHGABAT (Reuters) - The economy of Turkmenistan, Central Asia&#039;s largest producer of natural gas, grew 9.4 percent in the first six months of 2013 compared to an 11.1 percent rise in the year-ago period, state media quoted the nation&#039;s president as saying on Saturday. President Kurbanguly Berdymukhamedov, who enjoys vast power in the Muslim nation of 5.5 million, was shown on television telling a government meeting that the country&#039;s rapid growth was backed by prudent state spending and massive foreign investment. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/bernankes-challenge-clear-fed-officials-diverge-qe-235528256.html"><img src="http://l2.yimg.com/bt/api/res/1.2/LQ4OynICbp_s8LzkO0qU2A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T235528Z_1_CBRE96B1UGN00_RTROPTP_2_USA-FED-BERNANKE.JPG" width="130" height="86" alt="Federal Reserve Chairman Ben Bernanke speaks at a meeting of the National Bureau of Economic Research in Cambridge" align="left" title="Federal Reserve Chairman Ben Bernanke speaks at a meeting of the National Bureau of Economic Research in Cambridge" border="0" /></a>By Jonathan Spicer JACKSON HOLE, Wyoming (Reuters) - The wide divergence of opinion within the Federal Reserve over when to wind down its unprecedented support for the U.S. economy was on full display on Friday, starkly illustrating Chairman Ben Bernanke&#039;s leadership challenge for the rest of this year. St. Louis Fed President James Bullard and Charles Plosser, his counterpart at the Philadelphia Fed, sat on the same panel at a conference here, but sang quite different tunes on what to do about the U.S. central bank&#039;s massive bond-buying program. ...</p><br clear="all"/>http://news.yahoo.com/bernankes-challenge-clear-fed-officials-diverge-qe-235528256.htmlFri, 12 Jul 2013 19:55:28 -0400Reutersbernankes-challenge-clear-fed-officials-diverge-qe-235528256<p><a href="http://news.yahoo.com/bernankes-challenge-clear-fed-officials-diverge-qe-235528256.html"><img src="http://l2.yimg.com/bt/api/res/1.2/LQ4OynICbp_s8LzkO0qU2A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T235528Z_1_CBRE96B1UGN00_RTROPTP_2_USA-FED-BERNANKE.JPG" width="130" height="86" alt="Federal Reserve Chairman Ben Bernanke speaks at a meeting of the National Bureau of Economic Research in Cambridge" align="left" title="Federal Reserve Chairman Ben Bernanke speaks at a meeting of the National Bureau of Economic Research in Cambridge" border="0" /></a>By Jonathan Spicer JACKSON HOLE, Wyoming (Reuters) - The wide divergence of opinion within the Federal Reserve over when to wind down its unprecedented support for the U.S. economy was on full display on Friday, starkly illustrating Chairman Ben Bernanke&#039;s leadership challenge for the rest of this year. St. Louis Fed President James Bullard and Charles Plosser, his counterpart at the Philadelphia Fed, sat on the same panel at a conference here, but sang quite different tunes on what to do about the U.S. central bank&#039;s massive bond-buying program. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/wells-fargo-profit-rises-20-pct-sets-aside-120950283.html"><img src="http://l2.yimg.com/bt/api/res/1.2/iuiZv7dHyS95OV2uoFTCIw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T191313Z_2_CBRE96B0XSJ00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The logo for Wells Fargo bank is pictured in downtown Los Angeles" align="left" title="The logo for Wells Fargo bank is pictured in downtown Los Angeles" border="0" /></a>By Peter Rudegeair (Reuters) - The home loan business came through for Wells Fargo &amp; Co in the second quarter, helping the biggest U.S. mortgage lender beat Wall Street&#039;s profit expectations, despite fears that lending volume would drop as rates rose. Rising mortgage rates, driven by expectations that the U.S. Federal Reserve will eventually cut back its economic stimulus program, are expected to weigh on banks&#039; mortgage business in the coming months. But Wells, the No. 4 U.S. ...</p><br clear="all"/>http://news.yahoo.com/wells-fargo-profit-rises-20-pct-sets-aside-120950283.htmlFri, 12 Jul 2013 19:37:37 -0400Reuterswells-fargo-profit-rises-20-pct-sets-aside-120950283<p><a href="http://news.yahoo.com/wells-fargo-profit-rises-20-pct-sets-aside-120950283.html"><img src="http://l2.yimg.com/bt/api/res/1.2/iuiZv7dHyS95OV2uoFTCIw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T191313Z_2_CBRE96B0XSJ00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The logo for Wells Fargo bank is pictured in downtown Los Angeles" align="left" title="The logo for Wells Fargo bank is pictured in downtown Los Angeles" border="0" /></a>By Peter Rudegeair (Reuters) - The home loan business came through for Wells Fargo &amp; Co in the second quarter, helping the biggest U.S. mortgage lender beat Wall Street&#039;s profit expectations, despite fears that lending volume would drop as rates rose. Rising mortgage rates, driven by expectations that the U.S. Federal Reserve will eventually cut back its economic stimulus program, are expected to weigh on banks&#039; mortgage business in the coming months. But Wells, the No. 4 U.S. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/feds-bullard-beware-basing-policy-off-optimistic-forecasts-193430688.html"><img src="http://l3.yimg.com/bt/api/res/1.2/DJI4vt7wJxhyf9CeD0W6sQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T193430Z_1_CBRE96B1IDP00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" align="left" title="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" border="0" /></a>JACKSON HOLE, Wyoming (Reuters) - The substantial rise in bond yields since last month is not justified by an improvement in U.S. economic data or a rise in inflation, a senior Federal Reserve official said on Friday, warning it reflects optimism that may prove to be too rosy. &quot;Recent FOMC (Federal Open Market Committee) decisions have met with a substantial rise in Treasury yields, and I have suggested that a possible justification for the rise in yields is increased optimism concerning future U.S. macroeconomic performance,&quot; said St. ...</p><br clear="all"/>http://news.yahoo.com/feds-bullard-beware-basing-policy-off-optimistic-forecasts-193430688.htmlFri, 12 Jul 2013 15:41:45 -0400Reutersfeds-bullard-beware-basing-policy-off-optimistic-forecasts-193430688<p><a href="http://news.yahoo.com/feds-bullard-beware-basing-policy-off-optimistic-forecasts-193430688.html"><img src="http://l3.yimg.com/bt/api/res/1.2/DJI4vt7wJxhyf9CeD0W6sQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T193430Z_1_CBRE96B1IDP00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" align="left" title="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" border="0" /></a>JACKSON HOLE, Wyoming (Reuters) - The substantial rise in bond yields since last month is not justified by an improvement in U.S. economic data or a rise in inflation, a senior Federal Reserve official said on Friday, warning it reflects optimism that may prove to be too rosy. &quot;Recent FOMC (Federal Open Market Committee) decisions have met with a substantial rise in Treasury yields, and I have suggested that a possible justification for the rise in yields is increased optimism concerning future U.S. macroeconomic performance,&quot; said St. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/markets-brush-off-china-growth-concerns-113104877.html"><img src="http://l2.yimg.com/bt/api/res/1.2/9BkFcxKKoPWkvjttV8avGA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT04NTt3PTEzMA--/http://media.zenfs.com/en_us/News/ap_webfeeds/4f9627b24d765917370f6a706700c660.jpg" width="130" height="86" alt="Trader Robert Charmak, right, on the floor of the New York Stock Exchange Friday, July 5, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed&#039;s vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)" align="left" title="Trader Robert Charmak, right, on the floor of the New York Stock Exchange Friday, July 5, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed&#039;s vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)" border="0" /></a>LONDON (AP) ? The Federal Reserve&#039;s vow to support the U.S. economy for as long as needed helped shore up markets Friday despite growing concerns over the scale of the slowdown in China.</p><br clear="all"/>http://news.yahoo.com/markets-brush-off-china-growth-concerns-113104877.htmlFri, 12 Jul 2013 13:03:50 -0400Associated Pressmarkets-brush-off-china-growth-concerns-113104877<p><a href="http://news.yahoo.com/markets-brush-off-china-growth-concerns-113104877.html"><img src="http://l2.yimg.com/bt/api/res/1.2/9BkFcxKKoPWkvjttV8avGA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT04NTt3PTEzMA--/http://media.zenfs.com/en_us/News/ap_webfeeds/4f9627b24d765917370f6a706700c660.jpg" width="130" height="86" alt="Trader Robert Charmak, right, on the floor of the New York Stock Exchange Friday, July 5, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed&#039;s vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)" align="left" title="Trader Robert Charmak, right, on the floor of the New York Stock Exchange Friday, July 5, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed&#039;s vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)" border="0" /></a>LONDON (AP) ? The Federal Reserve&#039;s vow to support the U.S. economy for as long as needed helped shore up markets Friday despite growing concerns over the scale of the slowdown in China.</p><br clear="all"/><p><a href="http://news.yahoo.com/portuguese-leaders-seeking-economic-consensus-114644133.html"><img src="http://l.yimg.com/bt/api/res/1.2/.MOOkuWjQ5qM.t2LphHVxQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0bfee2a64e8b5e17370f6a7067001ae9.jpg" width="130" height="86" alt="Portugal&#039;s Prime Minister Pedro Passos Coelho gestures as he addresses lawmakers at the Portuguese parliament during the annual State of the Nation debate, in Lisbon, Friday, July 12, 2013. Portugal&#039;s main political parties pledged Friday to try to negotiate a joint economic strategy that aims to spare the country a second international bailout. But the obstacles to an agreement were clear during the annual State of the Nation debate in parliament as parties traded accusations over who is to blame for the financial crisis and 10 straight quarters of economic contraction. (AP Photo/Francisco Seco)" align="left" title="Portugal&#039;s Prime Minister Pedro Passos Coelho gestures as he addresses lawmakers at the Portuguese parliament during the annual State of the Nation debate, in Lisbon, Friday, July 12, 2013. Portugal&#039;s main political parties pledged Friday to try to negotiate a joint economic strategy that aims to spare the country a second international bailout. But the obstacles to an agreement were clear during the annual State of the Nation debate in parliament as parties traded accusations over who is to blame for the financial crisis and 10 straight quarters of economic contraction. (AP Photo/Francisco Seco)" border="0" /></a>LISBON, Portugal (AP) ? Portugal&#039;s main political parties pledged Friday to try to negotiate a joint economic strategy that aims to spare the country a second international bailout.</p><br clear="all"/>http://news.yahoo.com/portuguese-leaders-seeking-economic-consensus-114644133.htmlFri, 12 Jul 2013 12:20:28 -0400Associated Pressportuguese-leaders-seeking-economic-consensus-114644133<p><a href="http://news.yahoo.com/portuguese-leaders-seeking-economic-consensus-114644133.html"><img src="http://l.yimg.com/bt/api/res/1.2/.MOOkuWjQ5qM.t2LphHVxQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0bfee2a64e8b5e17370f6a7067001ae9.jpg" width="130" height="86" alt="Portugal&#039;s Prime Minister Pedro Passos Coelho gestures as he addresses lawmakers at the Portuguese parliament during the annual State of the Nation debate, in Lisbon, Friday, July 12, 2013. Portugal&#039;s main political parties pledged Friday to try to negotiate a joint economic strategy that aims to spare the country a second international bailout. But the obstacles to an agreement were clear during the annual State of the Nation debate in parliament as parties traded accusations over who is to blame for the financial crisis and 10 straight quarters of economic contraction. (AP Photo/Francisco Seco)" align="left" title="Portugal&#039;s Prime Minister Pedro Passos Coelho gestures as he addresses lawmakers at the Portuguese parliament during the annual State of the Nation debate, in Lisbon, Friday, July 12, 2013. Portugal&#039;s main political parties pledged Friday to try to negotiate a joint economic strategy that aims to spare the country a second international bailout. But the obstacles to an agreement were clear during the annual State of the Nation debate in parliament as parties traded accusations over who is to blame for the financial crisis and 10 straight quarters of economic contraction. (AP Photo/Francisco Seco)" border="0" /></a>LISBON, Portugal (AP) ? Portugal&#039;s main political parties pledged Friday to try to negotiate a joint economic strategy that aims to spare the country a second international bailout.</p><br clear="all"/>By Paul Eckert WASHINGTON (Reuters) - China acknowledged U.S. concerns about cyber theft of intellectual property and trade secrets and agreed to steps that would open its financial and government procurement markets, the U.S. Treasury Department said on Friday. In a statement on outcomes of the annual U.S.-China Strategic & Economic Dialogue that concluded Thursday in Washington, the Treasury Department also said China had committed to move to a market-determined exchange rate for its yuan currency. "During the S&ED, Chinese officials acknowledged U.S. ...http://news.yahoo.com/china-agrees-currency-procurement-reforms-talks-u-155127109.htmlFri, 12 Jul 2013 11:51:27 -0400Reuterschina-agrees-currency-procurement-reforms-talks-u-155127109<p><a href="http://news.yahoo.com/u-trade-chief-urges-india-heed-u-companies-153716535.html"><img src="http://l1.yimg.com/bt/api/res/1.2/yGComCrUbbkTzuiY5DKGIA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T153716Z_1_CBRE96B17E800_RTROPTP_2_OBAMA-TRADE.JPG" width="130" height="86" alt="U.S. President Barack Obama announces Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington" align="left" title="U.S. President Barack Obama announces Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington" border="0" /></a>By Doug Palmer WASHINGTON (Reuters) - U.S. Trade Representative Michael Froman urged India on Thursday to reverse course on policies that he said discriminated against American companies and were fraying relations between the world&#039;s two largest democracies. &quot;Let me stress that as a friend of India and one of the caretakers of our economic relationship, I am concerned about the investment and innovation environment in India,&quot; Froman said in a speech to the U.S.-India Business Council. ...</p><br clear="all"/>http://news.yahoo.com/u-trade-chief-urges-india-heed-u-companies-153716535.htmlFri, 12 Jul 2013 11:37:16 -0400Reutersu-trade-chief-urges-india-heed-u-companies-153716535<p><a href="http://news.yahoo.com/u-trade-chief-urges-india-heed-u-companies-153716535.html"><img src="http://l1.yimg.com/bt/api/res/1.2/yGComCrUbbkTzuiY5DKGIA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T153716Z_1_CBRE96B17E800_RTROPTP_2_OBAMA-TRADE.JPG" width="130" height="86" alt="U.S. President Barack Obama announces Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington" align="left" title="U.S. President Barack Obama announces Michael Froman as his nominee for U.S. Trade Representative at the White House in Washington" border="0" /></a>By Doug Palmer WASHINGTON (Reuters) - U.S. Trade Representative Michael Froman urged India on Thursday to reverse course on policies that he said discriminated against American companies and were fraying relations between the world&#039;s two largest democracies. &quot;Let me stress that as a friend of India and one of the caretakers of our economic relationship, I am concerned about the investment and innovation environment in India,&quot; Froman said in a speech to the U.S.-India Business Council. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/consumer-sentiment-slips-slightly-early-july-140253926.html"><img src="http://l1.yimg.com/bt/api/res/1.2/Hnv0rVoRYLUdn3F7cxFGKw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T140253Z_1_CBRE96B130Z00_RTROPTP_2_USA-ECONOMY-SENTIMENT.JPG" width="130" height="86" alt="File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago" align="left" title="File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago" border="0" /></a>NEW YORK (Reuters) - Consumer sentiment waned slightly in early July, as Americans were more optimistic about current economic conditions than they have been in six years, but that was offset by a decline in confidence over the recovery&#039;s prospects, a survey released on Friday showed. The Thomson Reuters/University of Michigan&#039;s preliminary reading on the overall index on consumer sentiment edged down to 83.9 from 84.1 in June, shy of forecasts for 85. The barometer of current economic conditions accelerated to 99.7 from 93.8, the highest level since July 2007. ...</p><br clear="all"/>http://news.yahoo.com/consumer-sentiment-slips-slightly-early-july-140253926.htmlFri, 12 Jul 2013 10:02:53 -0400Reutersconsumer-sentiment-slips-slightly-early-july-140253926<p><a href="http://news.yahoo.com/consumer-sentiment-slips-slightly-early-july-140253926.html"><img src="http://l1.yimg.com/bt/api/res/1.2/Hnv0rVoRYLUdn3F7cxFGKw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T140253Z_1_CBRE96B130Z00_RTROPTP_2_USA-ECONOMY-SENTIMENT.JPG" width="130" height="86" alt="File photo of shopper walking down aisle in newly ope

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