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 reservedSat, 20 Jul 2013 17:14:56 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifTOKYO (Reuters) - Japanese Prime Minister Shinzo Abe is poised to cement his hold on power in an election on Sunday, ending six years of parliamentary deadlock with an expected big win in the upper house. Here are some key issues and dates to watch, to see whether Abe is using his mandate to keep campaign promises for economic reform. - SALES TAX: Abe's government says it will use April-June GDP data, due August 12, to help judge whether to proceed next April with the planned first phase of doubling the consumption tax to 10 percent over two years. ...http://news.yahoo.com/factbox-japan-pm-abe-scorecard-watch-election-211456897.htmlSat, 20 Jul 2013 17:14:56 -0400Reutersfactbox-japan-pm-abe-scorecard-watch-election-211456897<p><a href="http://news.yahoo.com/japan-pm-heads-election-victory-amid-policy-concerns-210648593.html"><img src="http://l1.yimg.com/bt/api/res/1.2/oWcVidMsKvPUQ0fR2Jbl0Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T210648Z_1_CBRE96J1MNJ00_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan&#039;s PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" align="left" title="Japan&#039;s PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Prime Minister Shinzo Abe&#039;s ruling bloc looks set for a handsome upper house election win on Sunday, cementing his grip on power and setting the stage for Japan&#039;s first stable government since the charismatic Junichiro Koizumi left office in 2006. The victory would give the hawkish leader a stronger mandate for his recipe to revive the economy and spell his personal political redemption after he led his party to a defeat in a 2007 upper house election. That poll allowed the opposition to block legislation and led to Abe&#039;s resignation two months later. ...</p><br clear="all"/>http://news.yahoo.com/japan-pm-heads-election-victory-amid-policy-concerns-210648593.htmlSat, 20 Jul 2013 17:06:48 -0400Reutersjapan-pm-heads-election-victory-amid-policy-concerns-210648593<p><a href="http://news.yahoo.com/japan-pm-heads-election-victory-amid-policy-concerns-210648593.html"><img src="http://l1.yimg.com/bt/api/res/1.2/oWcVidMsKvPUQ0fR2Jbl0Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T210648Z_1_CBRE96J1MNJ00_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan&#039;s PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" align="left" title="Japan&#039;s PM Abe, and the leader of the ruling Liberal Democratic Party, speaks to voters atop a van during a campaigning for the July 21 Upper house election in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Prime Minister Shinzo Abe&#039;s ruling bloc looks set for a handsome upper house election win on Sunday, cementing his grip on power and setting the stage for Japan&#039;s first stable government since the charismatic Junichiro Koizumi left office in 2006. The victory would give the hawkish leader a stronger mandate for his recipe to revive the economy and spell his personal political redemption after he led his party to a defeat in a 2007 upper house election. That poll allowed the opposition to block legislation and led to Abe&#039;s resignation two months later. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/portugal-ruling-party-vows-meet-bailout-goals-pact-181038107.html"><img src="http://l.yimg.com/bt/api/res/1.2/jM2z_XEIblKGJZ6ud0HQ6g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T181038Z_1_CBRE96J1EI800_RTROPTP_2_CNEWS-US-PORTUGAL-CRISIS.JPG" width="130" height="86" alt="A political activist paints the word &quot;Lisbon&quot; on a wall at a street in Lisbon" align="left" title="A political activist paints the word &quot;Lisbon&quot; on a wall at a street in Lisbon" border="0" /></a>By Andrei Khalip LISBON (Reuters) - Portugal&#039;s ruling Social Democrats (PSD) said on Saturday their coalition government would press on with meeting the country&#039;s economic bailout goals after talks on a broader political deal sought by the president collapsed. Reigniting a three-week-old political crisis, the two centre-right coalition parties and main opposition Socialists broke off talks on Friday on a &quot;national salvation&quot; pact to ensure an EU/IMF bailout stays on track, leaving it to the president to decide how to proceed. ...</p><br clear="all"/>http://news.yahoo.com/portugal-ruling-party-vows-meet-bailout-goals-pact-181038107.htmlSat, 20 Jul 2013 14:10:38 -0400Reutersportugal-ruling-party-vows-meet-bailout-goals-pact-181038107<p><a href="http://news.yahoo.com/portugal-ruling-party-vows-meet-bailout-goals-pact-181038107.html"><img src="http://l.yimg.com/bt/api/res/1.2/jM2z_XEIblKGJZ6ud0HQ6g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T181038Z_1_CBRE96J1EI800_RTROPTP_2_CNEWS-US-PORTUGAL-CRISIS.JPG" width="130" height="86" alt="A political activist paints the word &quot;Lisbon&quot; on a wall at a street in Lisbon" align="left" title="A political activist paints the word &quot;Lisbon&quot; on a wall at a street in Lisbon" border="0" /></a>By Andrei Khalip LISBON (Reuters) - Portugal&#039;s ruling Social Democrats (PSD) said on Saturday their coalition government would press on with meeting the country&#039;s economic bailout goals after talks on a broader political deal sought by the president collapsed. Reigniting a three-week-old political crisis, the two centre-right coalition parties and main opposition Socialists broke off talks on Friday on a &quot;national salvation&quot; pact to ensure an EU/IMF bailout stays on track, leaving it to the president to decide how to proceed. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/bocs-poloz-not-inclined-keep-rates-lower-longer-144553475.html"><img src="http://l.yimg.com/bt/api/res/1.2/SUx3Aifih31HKHtMCjqARw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T144553Z_1_CBRE96J150L00_RTROPTP_2_CBUSINESS-US-G20-CANADA-POLOZ.JPG" width="130" height="86" alt="Bank of Canada Governor Poloz takes part in a news conference upon the release of the Monetary Policy Report in Ottawa" align="left" title="Bank of Canada Governor Poloz takes part in a news conference upon the release of the Monetary Policy Report in Ottawa" border="0" /></a>By Randall Palmer MOSCOW (Reuters) - All the talk of economic weakness during the G20 talks in Moscow does not make the Bank of Canada more inclined to keep rates low for longer than it had otherwise planned, Governor Stephen Poloz said on Saturday. Poloz also came to the defense of the U.S. Federal Reserve, stating that Chairman Ben Bernanke&#039;s description of plans eventually to taper its bond buying was carefully communicated, as asked for in Saturday&#039;s communiqu? of finance ministers and central bankers of the Group of 20 leading economies. ...</p><br clear="all"/>http://news.yahoo.com/bocs-poloz-not-inclined-keep-rates-lower-longer-144553475.htmlSat, 20 Jul 2013 12:16:31 -0400Reutersbocs-poloz-not-inclined-keep-rates-lower-longer-144553475<p><a href="http://news.yahoo.com/bocs-poloz-not-inclined-keep-rates-lower-longer-144553475.html"><img src="http://l.yimg.com/bt/api/res/1.2/SUx3Aifih31HKHtMCjqARw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T144553Z_1_CBRE96J150L00_RTROPTP_2_CBUSINESS-US-G20-CANADA-POLOZ.JPG" width="130" height="86" alt="Bank of Canada Governor Poloz takes part in a news conference upon the release of the Monetary Policy Report in Ottawa" align="left" title="Bank of Canada Governor Poloz takes part in a news conference upon the release of the Monetary Policy Report in Ottawa" border="0" /></a>By Randall Palmer MOSCOW (Reuters) - All the talk of economic weakness during the G20 talks in Moscow does not make the Bank of Canada more inclined to keep rates low for longer than it had otherwise planned, Governor Stephen Poloz said on Saturday. Poloz also came to the defense of the U.S. Federal Reserve, stating that Chairman Ben Bernanke&#039;s description of plans eventually to taper its bond buying was carefully communicated, as asked for in Saturday&#039;s communiqu? of finance ministers and central bankers of the Group of 20 leading economies. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/g20-finance-ministers-aim-more-growth-141419854.html"><img src="http://l2.yimg.com/bt/api/res/1.2/5nrR9JO_ogW4O4n76LvSlg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8323202f45061a18380f6a7067004932.jpg" width="130" height="86" alt="Finance ministers and central bank chiefs pose for a group photo following a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. Stashing profits offshore may soon get tougher for companies, thanks to an ambitious plan released Friday by the finance chiefs of leading world economies aimed at forcing multinationals to pay more taxes. (AP Photo/Alexander Zemlianichenko)" align="left" title="Finance ministers and central bank chiefs pose for a group photo following a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. Stashing profits offshore may soon get tougher for companies, thanks to an ambitious plan released Friday by the finance chiefs of leading world economies aimed at forcing multinationals to pay more taxes. (AP Photo/Alexander Zemlianichenko)" border="0" /></a>MOSCOW (AP) ? The Group of 20&#039;s finance ministers said Saturday their countries consider strengthening economic growth and creating jobs to be top priorities.</p><br clear="all"/>http://news.yahoo.com/g20-finance-ministers-aim-more-growth-141419854.htmlSat, 20 Jul 2013 11:57:17 -0400Associated Pressg20-finance-ministers-aim-more-growth-141419854<p><a href="http://news.yahoo.com/g20-finance-ministers-aim-more-growth-141419854.html"><img src="http://l2.yimg.com/bt/api/res/1.2/5nrR9JO_ogW4O4n76LvSlg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8323202f45061a18380f6a7067004932.jpg" width="130" height="86" alt="Finance ministers and central bank chiefs pose for a group photo following a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. Stashing profits offshore may soon get tougher for companies, thanks to an ambitious plan released Friday by the finance chiefs of leading world economies aimed at forcing multinationals to pay more taxes. (AP Photo/Alexander Zemlianichenko)" align="left" title="Finance ministers and central bank chiefs pose for a group photo following a meeting of the Group of 20 finance ministers in Moscow, Russia, Saturday, July 20, 2013. Stashing profits offshore may soon get tougher for companies, thanks to an ambitious plan released Friday by the finance chiefs of leading world economies aimed at forcing multinationals to pay more taxes. (AP Photo/Alexander Zemlianichenko)" border="0" /></a>MOSCOW (AP) ? The Group of 20&#039;s finance ministers said Saturday their countries consider strengthening economic growth and creating jobs to be top priorities.</p><br clear="all"/><p><a href="http://news.yahoo.com/g20-puts-growth-austerity-seeks-calm-markets-065215056.html"><img src="http://l2.yimg.com/bt/api/res/1.2/XcfdHyHd.YVZjbx1NABM4A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T105405Z_2_CBRE96J0J3H00_RTROPTP_2_G20-RUSSIA.JPG" width="130" height="86" alt="Finance ministers from Germany, Britain, Russia, France and OECD secretary-general attend a news conference, part of the G20 finance ministers and central bank governors&#039; meeting, in Moscow" align="left" title="Finance ministers from Germany, Britain, Russia, France and OECD secretary-general attend a news conference, part of the G20 finance ministers and central bank governors&#039; meeting, in Moscow" border="0" /></a>By Lidia Kelly and Jan Strupczewski MOSCOW (Reuters) - The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that &quot;remains too weak&quot; and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets. Finance ministers and central bankers signed off on a communiqu? that acknowledged the benefits of expansive policies in the United States and Japan but highlighted the recession in the euro zone and a slowdown in emerging markets. ...</p><br clear="all"/>http://news.yahoo.com/g20-puts-growth-austerity-seeks-calm-markets-065215056.htmlSat, 20 Jul 2013 10:23:58 -0400Reutersg20-puts-growth-austerity-seeks-calm-markets-065215056<p><a href="http://news.yahoo.com/g20-puts-growth-austerity-seeks-calm-markets-065215056.html"><img src="http://l2.yimg.com/bt/api/res/1.2/XcfdHyHd.YVZjbx1NABM4A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T105405Z_2_CBRE96J0J3H00_RTROPTP_2_G20-RUSSIA.JPG" width="130" height="86" alt="Finance ministers from Germany, Britain, Russia, France and OECD secretary-general attend a news conference, part of the G20 finance ministers and central bank governors&#039; meeting, in Moscow" align="left" title="Finance ministers from Germany, Britain, Russia, France and OECD secretary-general attend a news conference, part of the G20 finance ministers and central bank governors&#039; meeting, in Moscow" border="0" /></a>By Lidia Kelly and Jan Strupczewski MOSCOW (Reuters) - The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that &quot;remains too weak&quot; and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets. Finance ministers and central bankers signed off on a communiqu? that acknowledged the benefits of expansive policies in the United States and Japan but highlighted the recession in the euro zone and a slowdown in emerging markets. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/analysis-detroit-filing-sends-benefits-warning-other-cities-121137056.html"><img src="http://l.yimg.com/bt/api/res/1.2/IQBulQFKuXwpH6_qYlZiUA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T121137Z_1_CBRE96J0XVS00_RTROPTP_2_CNEWS-US-USA-DETROIT-CITIES-ANALYSIS.JPG" width="130" height="86" alt="Detroit Emergency Manager Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in Detroit" align="left" title="Detroit Emergency Manager Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in Detroit" border="0" /></a>By Tiziana Barghini NEW YORK (Reuters) - Many U.S. cities have a much better economic outlook than struggling Detroit, but the Motor City&#039;s bankruptcy filing on Thursday should still set off alarm bells elsewhere as the cost of paying retirement benefits swells. In recent decades, many municipalities have provided their workers with generous retirement benefits, both pensions and health coverage, often in lieu of pay increases. But this has created an unsustainable future burden for budgets that has only been exacerbated by the loss of real estate and other tax revenue in the financial crisis. ...</p><br clear="all"/>http://news.yahoo.com/analysis-detroit-filing-sends-benefits-warning-other-cities-121137056.htmlSat, 20 Jul 2013 10:03:50 -0400Reutersanalysis-detroit-filing-sends-benefits-warning-other-cities-121137056<p><a href="http://news.yahoo.com/analysis-detroit-filing-sends-benefits-warning-other-cities-121137056.html"><img src="http://l.yimg.com/bt/api/res/1.2/IQBulQFKuXwpH6_qYlZiUA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T121137Z_1_CBRE96J0XVS00_RTROPTP_2_CNEWS-US-USA-DETROIT-CITIES-ANALYSIS.JPG" width="130" height="86" alt="Detroit Emergency Manager Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in Detroit" align="left" title="Detroit Emergency Manager Orr waits to address the media during a news conference about filing bankruptcy for the city of Detroit in Detroit" border="0" /></a>By Tiziana Barghini NEW YORK (Reuters) - Many U.S. cities have a much better economic outlook than struggling Detroit, but the Motor City&#039;s bankruptcy filing on Thursday should still set off alarm bells elsewhere as the cost of paying retirement benefits swells. In recent decades, many municipalities have provided their workers with generous retirement benefits, both pensions and health coverage, often in lieu of pay increases. But this has created an unsustainable future burden for budgets that has only been exacerbated by the loss of real estate and other tax revenue in the financial crisis. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/ge-shares-rise-post-crisis-high-us-outlook-162844693.html"><img src="http://l.yimg.com/bt/api/res/1.2/akdcsUKqROHmZz3BqZeK.w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f1894b9c26450318380f6a7067007800.jpg" width="130" height="86" alt="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" align="left" title="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" border="0" /></a>NEW YORK (AP) ? An improving outlook for the U.S. economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008 despite modest quarterly results.</p><br clear="all"/>http://news.yahoo.com/ge-shares-rise-post-crisis-high-us-outlook-162844693.htmlFri, 19 Jul 2013 18:23:06 -0400Associated Pressge-shares-rise-post-crisis-high-us-outlook-162844693<p><a href="http://news.yahoo.com/ge-shares-rise-post-crisis-high-us-outlook-162844693.html"><img src="http://l.yimg.com/bt/api/res/1.2/akdcsUKqROHmZz3BqZeK.w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f1894b9c26450318380f6a7067007800.jpg" width="130" height="86" alt="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" align="left" title="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" border="0" /></a>NEW YORK (AP) ? An improving outlook for the U.S. economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008 despite modest quarterly results.</p><br clear="all"/><p><a href="http://news.yahoo.com/column-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919.html"><img src="http://l.yimg.com/bt/api/res/1.2/Gc9nK41EojSx3dlWkYlGoA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T214710Z_1_CBRE96I1OIP00_RTROPTP_2_CHINA-ECONOMY-JOBS.JPG" width="130" height="86" alt="A job seeker looks at a job advertisement board at a Beijing talent service centre" align="left" title="A job seeker looks at a job advertisement board at a Beijing talent service centre" border="0" /></a>By Ian Bremmer (Reuters) - Recently, it seems no developing country is safe from sudden, unexpected protests. In Brazil and Turkey, empowered middle classes pushed back against perceived governmental injustice. Protests erupted, and leaders&#039; approval ratings dropped precipitously. In Egypt, the economic picture was as ugly as the political one, and the military&#039;s ouster of President Mursi has fomented conflict and instability. China may look like a candidate for the type of protests currently sweeping the developing world. ...</p><br clear="all"/>http://news.yahoo.com/column-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919.htmlFri, 19 Jul 2013 17:47:10 -0400Reuterscolumn-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919<p><a href="http://news.yahoo.com/column-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919.html"><img src="http://l.yimg.com/bt/api/res/1.2/Gc9nK41EojSx3dlWkYlGoA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T214710Z_1_CBRE96I1OIP00_RTROPTP_2_CHINA-ECONOMY-JOBS.JPG" width="130" height="86" alt="A job seeker looks at a job advertisement board at a Beijing talent service centre" align="left" title="A job seeker looks at a job advertisement board at a Beijing talent service centre" border="0" /></a>By Ian Bremmer (Reuters) - Recently, it seems no developing country is safe from sudden, unexpected protests. In Brazil and Turkey, empowered middle classes pushed back against perceived governmental injustice. Protests erupted, and leaders&#039; approval ratings dropped precipitously. In Egypt, the economic picture was as ugly as the political one, and the military&#039;s ouster of President Mursi has fomented conflict and instability. China may look like a candidate for the type of protests currently sweeping the developing world. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/world-powers-see-irans-rouhani-chance-nuclear-deal-180030373.html"><img src="http://l2.yimg.com/bt/api/res/1.2/MjW3OhH4Z6KW0uhAZeEW7g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T205117Z_2_CBRE96I1E1300_RTROPTP_2_IRAN-ELECTION.JPG" width="130" height="86" alt="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" align="left" title="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" border="0" /></a>By Justyna Pawlak BRUSSELS (Reuters) - Six world powers see a chance that Iran&#039;s relatively moderate new president, beset by sanctions and worried about unrest in the region trickling home, may be more amenable to compromise in a long-standing nuclear dispute, a senior Western diplomat said. The powers - Russia, China, France, Britain, Germany and the United States - are hoping years of economic pressure will finally force Iran to scale back its nuclear work, which they suspect aims at allowing Tehran to make bombs. ...</p><br clear="all"/>http://news.yahoo.com/world-powers-see-irans-rouhani-chance-nuclear-deal-180030373.htmlFri, 19 Jul 2013 16:51:17 -0400Reutersworld-powers-see-irans-rouhani-chance-nuclear-deal-180030373<p><a href="http://news.yahoo.com/world-powers-see-irans-rouhani-chance-nuclear-deal-180030373.html"><img src="http://l2.yimg.com/bt/api/res/1.2/MjW3OhH4Z6KW0uhAZeEW7g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T205117Z_2_CBRE96I1E1300_RTROPTP_2_IRAN-ELECTION.JPG" width="130" height="86" alt="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" align="left" title="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" border="0" /></a>By Justyna Pawlak BRUSSELS (Reuters) - Six world powers see a chance that Iran&#039;s relatively moderate new president, beset by sanctions and worried about unrest in the region trickling home, may be more amenable to compromise in a long-standing nuclear dispute, a senior Western diplomat said. The powers - Russia, China, France, Britain, Germany and the United States - are hoping years of economic pressure will finally force Iran to scale back its nuclear work, which they suspect aims at allowing Tehran to make bombs. ...</p><br clear="all"/>By Chrystia Freeland NEW YORK (Reuters) - When the financial crisis threatened to topple the global economy, my Russian friends took great delight in calling me from Moscow and sharing the bittersweet response that was making the rounds of a city that always laughs loudest when things go wrong: Everything Marx told us about communism was false, the gag went, but everything he told us about capitalism was true. In 2008, it was easy to see their point. The lopsided recovery hasn't brought much comfort, either. ...http://news.yahoo.com/retooling-capitalism-social-good-chrystia-freeland-202003345.htmlFri, 19 Jul 2013 16:20:03 -0400Reutersretooling-capitalism-social-good-chrystia-freeland-202003345<p><a href="http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.html"><img src="http://l2.yimg.com/bt/api/res/1.2/K.Gw8BWSbWxJna1pmZclqw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T185426Z_1_CBRE96I0UK800_RTROPTP_2_CZECH.JPG" width="130" height="86" alt="The logo of the GE Money Bank is seen behind a traffic light in Prague" align="left" title="The logo of the GE Money Bank is seen behind a traffic light in Prague" border="0" /></a>By Ernest Scheyder (Reuters) - General Electric Co on Friday unveiled a surprise jump in its backlog of orders for dishwashers, X-ray machines and scores of other industrial products, boosting the conglomerate&#039;s shares and stoking hopes for gains in manufacturing around the world. GE&#039;s presence in most parts of the global economy, including energy, finance, manufacturing and transportation, makes it a harbinger of macroeconomic trends. &quot;Many customers have moved from the &#039;doing your homework&#039; stage toward moving pen to paper and placing orders,&quot; said Morningstar analyst Daniel Holland. ...</p><br clear="all"/>http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.htmlFri, 19 Jul 2013 15:32:37 -0400Reutersgeneral-electric-second-quarter-profit-falls-105950403<p><a href="http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.html"><img src="http://l2.yimg.com/bt/api/res/1.2/K.Gw8BWSbWxJna1pmZclqw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T185426Z_1_CBRE96I0UK800_RTROPTP_2_CZECH.JPG" width="130" height="86" alt="The logo of the GE Money Bank is seen behind a traffic light in Prague" align="left" title="The logo of the GE Money Bank is seen behind a traffic light in Prague" border="0" /></a>By Ernest Scheyder (Reuters) - General Electric Co on Friday unveiled a surprise jump in its backlog of orders for dishwashers, X-ray machines and scores of other industrial products, boosting the conglomerate&#039;s shares and stoking hopes for gains in manufacturing around the world. GE&#039;s presence in most parts of the global economy, including energy, finance, manufacturing and transportation, makes it a harbinger of macroeconomic trends. &quot;Many customers have moved from the &#039;doing your homework&#039; stage toward moving pen to paper and placing orders,&quot; said Morningstar analyst Daniel Holland. ...</p><br clear="all"/>ATHENS (Reuters) - Greece's second-biggest bank, Piraeus , has launched a voluntary redundancy scheme aimed at cutting around 1,500 jobs in a drive to cut costs after taking over assets from smaller rivals, a source at the bank told Reuters on Friday. "The continuing tough economic conditions ... call for the bank to adjust its operations to the situation," the bank said in a document seen by Reuters. The document also said the voluntary redundancy scheme would be open until September 2. Piraeus, which employs about 18,000 people, declined to comment. ...http://news.yahoo.com/greeces-piraeus-bank-aims-cut-around-1-500-171813438.htmlFri, 19 Jul 2013 13:18:13 -0400Reutersgreeces-piraeus-bank-aims-cut-around-1-500-171813438<p><a href="http://news.yahoo.com/biden-praise-benefits-rules-road-asia-visit-170100973.html"><img src="http://l2.yimg.com/bt/api/res/1.2/g59411wa9Ag8RiYMjgNJWQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T170100Z_1_CBRE96I1B9W00_RTROPTP_2_CNEWS-US-USA-ASIA-BIDEN.JPG" width="130" height="86" alt="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" align="left" title="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" border="0" /></a>By Roberta Rampton WASHINGTON (Reuters) - Vice President Joe Biden will press India to do more to open up trade and protect intellectual property during a trip to the Asia-Pacific region next week that will also highlight U.S. concern about aggressive Chinese navy patrols in the oil-rich South China Sea. The trip comes as Asian economies struggle to adjust to a slowdown in growth, a situation Biden said could improve if countries including India and China pursue economic reforms. ...</p><br clear="all"/>http://news.yahoo.com/biden-praise-benefits-rules-road-asia-visit-170100973.htmlFri, 19 Jul 2013 13:01:00 -0400Reutersbiden-praise-benefits-rules-road-asia-visit-170100973<p><a href="http://news.yahoo.com/biden-praise-benefits-rules-road-asia-visit-170100973.html"><img src="http://l2.yimg.com/bt/api/res/1.2/g59411wa9Ag8RiYMjgNJWQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T170100Z_1_CBRE96I1B9W00_RTROPTP_2_CNEWS-US-USA-ASIA-BIDEN.JPG" width="130" height="86" alt="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" align="left" title="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" border="0" /></a>By Roberta Rampton WASHINGTON (Reuters) - Vice President Joe Biden will press India to do more to open up trade and protect intellectual property during a trip to the Asia-Pacific region next week that will also highlight U.S. concern about aggressive Chinese navy patrols in the oil-rich South China Sea. The trip comes as Asian economies struggle to adjust to a slowdown in growth, a situation Biden said could improve if countries including India and China pursue economic reforms. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/long-suffering-detroit-finally-turns-bankruptcy-065844742.html"><img src="http://l3.yimg.com/bt/api/res/1.2/O4QQnO8mMef8HiVK1KpUog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/ee4dd89c24a6fb18370f6a7067001045.jpg" width="130" height="86" alt="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" align="left" title="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>DETROIT (AP) ? At the height of its industrial power, Detroit was an irrepressible engine of the American economy, offering well-paying jobs, a gateway to the middle class for generations of autoworkers and affordable vehicles that put the world on wheels.</p><br clear="all"/>http://news.yahoo.com/long-suffering-detroit-finally-turns-bankruptcy-065844742.htmlFri, 19 Jul 2013 11:36:11 -0400Associated Presslong-suffering-detroit-finally-turns-bankruptcy-065844742<p><a href="http://news.yahoo.com/long-suffering-detroit-finally-turns-bankruptcy-065844742.html"><img src="http://l3.yimg.com/bt/api/res/1.2/O4QQnO8mMef8HiVK1KpUog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/ee4dd89c24a6fb18370f6a7067001045.jpg" width="130" height="86" alt="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" align="left" title="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>DETROIT (AP) ? At the height of its industrial power, Detroit was an irrepressible engine of the American economy, offering well-paying jobs, a gateway to the middle class for generations of autoworkers and affordable vehicles that put the world on wheels.</p><br clear="all"/><p><a href="http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.html"><img src="http://l1.yimg.com/bt/api/res/1.2/rUo8vBlcRvXRbQa2PkyKwg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T143836Z_1_CBRE96I14OI00_RTROPTP_2_ROUTETORECOVERY.JPG" width="130" height="86" alt="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" align="left" title="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" border="0" /></a>By James B. Kelleher CHICAGO (Reuters) - Whirlpool Corp posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America. The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States. Whirlpool shares jumped 6.1 percent at $126.63 in early trading. ...</p><br clear="all"/>http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.htmlFri, 19 Jul 2013 10:38:36 -0400Reuterswhirlpool-profit-surges-sales-rebound-shares-jump-143230695<p><a href="http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.html"><img src="http://l1.yimg.com/bt/api/res/1.2/rUo8vBlcRvXRbQa2PkyKwg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T143836Z_1_CBRE96I14OI00_RTROPTP_2_ROUTETORECOVERY.JPG" width="130" height="86" alt="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" align="left" title="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" border="0" /></a>By James B. Kelleher CHICAGO (Reuters) - Whirlpool Corp posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America. The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States. Whirlpool shares jumped 6.1 percent at $126.63 in early trading. ...</p><br clear="all"/>MOSCOW (Reuters) - Following are key sections of a draft communique prepared for G20 finance ministers and central bankers meeting in Moscow, which was obtained by Reuters. 1. We the G20 Finance Ministers and Central Bank Governors, met to discuss the current global economic developments and prepare for our Leaders' summit in September. 2. Since we last met, the global outlook has somewhat weakened on account of slower growth in some large emerging market economies and the recession in the euro area. ...http://news.yahoo.com/draft-g20-finance-ministers-communique-141831630.htmlFri, 19 Jul 2013 10:18:31 -0400Reutersdraft-g20-finance-ministers-communique-141831630<p><a href="http://news.yahoo.com/china-ends-controls-bank-lending-rates-121551027.html"><img src="http://l.yimg.com/bt/api/res/1.2/pwT_XqwvZ2xPLXIVqrenHw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8083d293267e0418380f6a706700d99c.jpg" width="130" height="86" alt="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" align="left" title="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" border="0" /></a>BEIJING (AP) ? China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth.</p><br clear="all"/>http://news.yahoo.com/china-ends-controls-bank-lending-rates-121551027.htmlFri, 19 Jul 2013 08:58:45 -0400Associated Presschina-ends-controls-bank-lending-rates-121551027<p><a href="http://news.yahoo.com/china-ends-controls-bank-lending-rates-121551027.html"><img src="http://l.yimg.com/bt/api/res/1.2/pwT_XqwvZ2xPLXIVqrenHw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8083d293267e0418380f6a706700d99c.jpg" width="130" height="86" alt="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" align="left" title="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" border="0" /></a>BEIJING (AP) ? China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth.</p><br clear="all"/><p><a href="http://news.yahoo.com/tourists-return-greeces-summer-resorts-boost-economy-124950459.html"><img src="http://l1.yimg.com/bt/api/res/1.2/X7QCzsLGURQfoQ583R4Nbg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T124950Z_1_CBRE96I0ZN800_RTROPTP_2_GREECE.JPG" width="130" height="86" alt="Tourists take photographs at the top of the Acropolis hill in Athens" align="left" title="Tourists take photographs at the top of the Acropolis hill in Athens" border="0" /></a>By Renee Maltezou ATHENS (Reuters) - Foreign tourists are returning to Greece&#039;s sun-drenched islands and ancient temples, central bank data showed on Friday, boosting hopes that the key sector may help the crisis-hit country pull itself out of a severe economic recession. Tourism figures have clearly benefited from comparison to last year, when speculation about Greece being forced out of the euro and fears of social unrest had scared away many visitors before the peak summer holiday season. But Greece&#039;s tourist industry is taking heart from data showing a 38. ...</p><br clear="all"/>http://news.yahoo.com/tourists-return-greeces-summer-resorts-boost-economy-124950459.htmlFri, 19 Jul 2013 08:49:50 -0400Reuterstourists-return-greeces-summer-resorts-boost-economy-124950459<p><a href="http://news.yahoo.com/tourists-return-greeces-summer-resorts-boost-economy-124950459.html"><img src="http://l1.yimg.com/bt/api/res/1.2/X7QCzsLGURQfoQ583R4Nbg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T124950Z_1_CBRE96I0ZN800_RTROPTP_2_GREECE.JPG" width="130" height="86" alt="Tourists take photographs at the top of the Acropolis hill in Athens" align="left" title="Tourists take photographs at the top of the Acropolis hill in Athens" border="0" /></a>By Renee Maltezou ATHENS (Reuters) - Foreign tourists are returning to Greece&#039;s sun-drenched islands and ancient temples, central bank data showed on Friday, boosting hopes that the key sector may help the crisis-hit country pull itself out of a severe economic recession. Tourism figures have clearly benefited from comparison to last year, when speculation about Greece being forced out of the euro and fears of social unrest had scared away many visitors before the peak summer holiday season. But Greece&#039;s tourist industry is taking heart from data showing a 38. ...</p><br clear="all"/>Further signs of an improvement in the U.S. economy helped the price of oil to push above $108 a barrel on Friday and to the highest since March last year.http://news.yahoo.com/oil-above-108-us-data-points-faster-growth-060518046.htmlFri, 19 Jul 2013 08:13:31 -0400Associated Pressoil-above-108-us-data-points-faster-growth-060518046<p><a href="http://news.yahoo.com/g20-labour-finance-ministers-vow-support-jobs-115301146.html"><img src="http://l.yimg.com/bt/api/res/1.2/IqYeD_ULMJ.da6YhwS1Llg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-19T115301Z_1_AJOE96I0X0G00_RTROPTP_2_OZABS-G20-RUSSIA-JOBS-20130719.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>MOSCOW (Reuters) - Labour and finance ministers from the world&#039;s 20 biggest developing and developed economies vowed on Friday to conduct policies that will help job creation and investment by the private sector to spur global growth. The joint meeting came as Europe in particular has struggled to contain a rise in unemployment to an 11 percent rate, while the United States has recovered faster from the global economic crisis to bring jobless queues below 8 percent. ...</p><br clear="all"/>http://news.yahoo.com/g20-labour-finance-ministers-vow-support-jobs-115301146.htmlFri, 19 Jul 2013 07:53:01 -0400Reutersg20-labour-finance-ministers-vow-support-jobs-115301146<p><a href="http://news.yahoo.com/g20-labour-finance-ministers-vow-support-jobs-115301146.html"><img src="http://l.yimg.com/bt/api/res/1.2/IqYeD_ULMJ.da6YhwS1Llg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-19T115301Z_1_AJOE96I0X0G00_RTROPTP_2_OZABS-G20-RUSSIA-JOBS-20130719.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>MOSCOW (Reuters) - Labour and finance ministers from the world&#039;s 20 biggest developing and developed economies vowed on Friday to conduct policies that will help job creation and investment by the private sector to spur global growth. The joint meeting came as Europe in particular has struggled to contain a rise in unemployment to an 11 percent rate, while the United States has recovered faster from the global economic crisis to bring jobless queues below 8 percent. ...</p><br clear="all"/>By Elias Biryabarema KAMPALA (Reuters) - The Ugandan shilling inched up on Friday but was seen holding steady next week amid low demand. At 0841 GMT commercial banks quoted the currency of east Africa's third-largest economy at 2,580/2,590, stronger than Thursday's close of 2,585/2,595. "Next week I reckon with demand on the corporate side still weak and shilling supply also a bit tight we could see some further gains or range-bound trading," said David Bagambe, trader at Diamond Trust Bank. ...http://news.yahoo.com/ugandan-shilling-inches-may-level-off-next-week-112732172.htmlFri, 19 Jul 2013 07:27:32 -0400Reutersugandan-shilling-inches-may-level-off-next-week-112732172<p><a href="http://news.yahoo.com/g20-back-fundamental-reform-corporate-taxation-080251802.html"><img src="http://l1.yimg.com/bt/api/res/1.2/hlDFSAStupl3WE2KQzLGOw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T103019Z_3_CBRE96I0MDL00_RTROPTP_2_G20-PREVIEW.JPG" width="130" height="86" alt="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" align="left" title="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" border="0" /></a>By Tom Bergin and Maya Dyakina LONDON/MOSCOW (Reuters) - The G20 backed a &quot;fundamental&quot; rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes. The group of leading economies released an action plan drawn up by the Organisation for Economic Co-operation and Development (OECD) that said the existing system didn&#039;t work, especially when it came to taxing companies that trade online. ...</p><br clear="all"/>http://news.yahoo.com/g20-back-fundamental-reform-corporate-taxation-080251802.htmlFri, 19 Jul 2013 06:30:19 -0400Reutersg20-back-fundamental-reform-corporate-taxation-080251802<p><a href="http://news.yahoo.com/g20-back-fundamental-reform-corporate-taxation-080251802.html"><img src="http://l1.yimg.com/bt/api/res/1.2/hlDFSAStupl3WE2KQzLGOw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T103019Z_3_CBRE96I0MDL00_RTROPTP_2_G20-PREVIEW.JPG" width="130" height="86" alt="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" align="left" title="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" border="0" /></a>By Tom Bergin and Maya Dyakina LONDON/MOSCOW (Reuters) - The G20 backed a &quot;fundamental&quot; rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes. The group of leading economies released an action plan drawn up by the Organisation for Economic Co-operation and Development (OECD) that said the existing system didn&#039;t work, especially when it came to taxing companies that trade online. ...</p><br clear="all"/>MANILA, Philippines (AP) ? Disappointing earnings from two U.S. technology giants sent world stock markets lower Friday while doubts about growth prospects for China and Japan offset better U.S. economic news.http://news.yahoo.com/tech-earnings-dent-world-stock-markets-091307483.htmlFri, 19 Jul 2013 05:13:07 -0400Associated Presstech-earnings-dent-world-stock-markets-091307483<p><a href="http://news.yahoo.com/vodafone-sees-no-let-european-woes-085330544.html"><img src="http://l1.yimg.com/bt/api/res/1.2/GVaP0PB5YJoqb90ovk7YaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T085330Z_1_CBRE96I0OPI00_RTROPTP_2_CTECH-US-VODAFONE-RESULTS.JPG" width="130" height="86" alt="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" align="left" title="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" border="0" /></a>By Kate Holton LONDON (Reuters) - Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world&#039;s second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe. The British group, which has been battling regulator-ordered price cuts, economic pressures and competition throughout its European markets, said on Friday it expected the next three months to follow broadly the same trends after reporting yet another sharp drop in its key revenue measurement. ...</p><br clear="all"/>http://news.yahoo.com/vodafone-sees-no-let-european-woes-085330544.htmlFri, 19 Jul 2013 04:53:30 -0400Reutersvodafone-sees-no-let-european-woes-085330544<p><a href="http://news.yahoo.com/vodafone-sees-no-let-european-woes-085330544.html"><img src="http://l1.yimg.com/bt/api/res/1.2/GVaP0PB5YJoqb90ovk7YaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T085330Z_1_CBRE96I0OPI00_RTROPTP_2_CTECH-US-VODAFONE-RESULTS.JPG" width="130" height="86" alt="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" align="left" title="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" border="0" /></a>By Kate Holton LONDON (Reuters) - Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world&#039;s second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe. The British group, which has been battling regulator-ordered price cuts, economic pressures and competition throughout its European markets, said on Friday it expected the next three months to follow broadly the same trends after reporting yet another sharp drop in its key revenue measurement. ...</p><br clear="all"/>

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