Economy News Headlines - Yahoo! Newshttp://news.yahoo.com/economy/ Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedMon, 22 Jul 2013 01:06:23 -04005Economy News Headlines - Yahoo! Newshttp://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifSurvey: Brighter US economic outlook boosts hiring<p><a href="http://news.yahoo.com/survey-brighter-us-economic-outlook-boosts-hiring-045041796.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rLkSQnN.oCg_DtDBfw6GaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/dc1a202c81924418380f6a706700f477.jpg" width="130" height="86" alt="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" align="left" title="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" border="0" /></a>WASHINGTON (AP) ? Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.</p><br clear="all"/>http://news.yahoo.com/survey-brighter-us-economic-outlook-boosts-hiring-045041796.htmlMon, 22 Jul 2013 01:06:23 -0400Associated Presssurvey-brighter-us-economic-outlook-boosts-hiring-045041796<p><a href="http://news.yahoo.com/survey-brighter-us-economic-outlook-boosts-hiring-045041796.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rLkSQnN.oCg_DtDBfw6GaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/dc1a202c81924418380f6a706700f477.jpg" width="130" height="86" alt="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" align="left" title="FILE - In this May 30, 2013, file photo, job seekers line up to register to attend a job fair in Atlanta. Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists. Nearly one-third of the economists surveyed by the National Association for Business Economics said their companies added jobs in the April-June quarter, according to a report released Monday, Juiy 22, 2013. That's the highest percentage in nearly two years. (AP Photo/John Amis, File)" border="0" /></a>WASHINGTON (AP) ? Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.</p><br clear="all"/>Sato says BOJ will act if needed, wary of China slowdown<p><a href="http://news.yahoo.com/sato-says-boj-act-needed-wary-china-slowdown-034955040.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Qhf4ze87efN4HMWBSHVQ4g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-22T034955Z_2_CBRE96L07NY00_RTROPTP_2_US-JAPAN-ECONOMY-BOJ.JPG" width="130" height="86" alt="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." align="left" title="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." border="0" /></a>By Leika Kihara FUKUSHIMA, Japan (Reuters) - The Bank of Japan is prepared to inject more stimulus if the economy's recovery is threatened, board member Takehiro Sato said on Monday as he pointed to risks such as the slowdown in Chinese growth. He also said the central bank's 2 percent inflation target was a flexible one that does not necessarily have to be achieved rigidly in two years -- a timeframe that had been outlined by BOJ Governor Haruhiko Kuroda. ...</p><br clear="all"/>http://news.yahoo.com/sato-says-boj-act-needed-wary-china-slowdown-034955040.htmlSun, 21 Jul 2013 23:49:55 -0400Reuterssato-says-boj-act-needed-wary-china-slowdown-034955040<p><a href="http://news.yahoo.com/sato-says-boj-act-needed-wary-china-slowdown-034955040.html"><img src="http://l2.yimg.com/bt/api/res/1.2/Qhf4ze87efN4HMWBSHVQ4g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-22T034955Z_2_CBRE96L07NY00_RTROPTP_2_US-JAPAN-ECONOMY-BOJ.JPG" width="130" height="86" alt="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." align="left" title="Bank of Japan board member Takehiro Sato speaks during an interview with Reuters at the central bank in Tokyo September 26, 2012." border="0" /></a>By Leika Kihara FUKUSHIMA, Japan (Reuters) - The Bank of Japan is prepared to inject more stimulus if the economy's recovery is threatened, board member Takehiro Sato said on Monday as he pointed to risks such as the slowdown in Chinese growth. He also said the central bank's 2 percent inflation target was a flexible one that does not necessarily have to be achieved rigidly in two years -- a timeframe that had been outlined by BOJ Governor Haruhiko Kuroda. ...</p><br clear="all"/>Japan's ruling bloc wins upper house elections<p><a href="http://news.yahoo.com/japans-ruling-bloc-wins-upper-house-elections-153140123.html"><img src="http://l3.yimg.com/bt/api/res/1.2/lzTAn.lJiu8fGR30vaSEpQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f0a0fe6564be3618380f6a7067006b3b.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" border="0" /></a>TOKYO (AP) ? Japanese Prime Minister Shinzo Abe's ruling coalition won a solid majority in the upper house of parliament in elections, gaining control of both chambers and a mandate to press ahead with difficult economic reforms.</p><br clear="all"/>http://news.yahoo.com/japans-ruling-bloc-wins-upper-house-elections-153140123.htmlSun, 21 Jul 2013 23:35:09 -0400Associated Pressjapans-ruling-bloc-wins-upper-house-elections-153140123<p><a href="http://news.yahoo.com/japans-ruling-bloc-wins-upper-house-elections-153140123.html"><img src="http://l3.yimg.com/bt/api/res/1.2/lzTAn.lJiu8fGR30vaSEpQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f0a0fe6564be3618380f6a7067006b3b.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe, right, exchanges smiles with Secretary General Shigeru Ishiba of the ruling Liberal Democratic Party during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Japanese broadcasters projected that Abe's ruling coalition won a majority of seats in the upper house of parliament in elections, giving it control of both chambers for the first time in six years. (AP Photo/Shizuo Kambayashi)" border="0" /></a>TOKYO (AP) ? Japanese Prime Minister Shinzo Abe's ruling coalition won a solid majority in the upper house of parliament in elections, gaining control of both chambers and a mandate to press ahead with difficult economic reforms.</p><br clear="all"/>Asian stocks mixed after Japan election<p><a href="http://news.yahoo.com/asian-stocks-mixed-japan-election-032558210.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ltfZty6TbmGvPfxdQP4ERQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4dce2df964c03618380f6a706700501a.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" border="0" /></a>BEIJING (AP) ? Chinese stocks fell but other Asian markets edged up Monday after Japan's ruling party won a majority in parliament's upper house and a mandate to push ahead economic reforms.</p><br clear="all"/>http://news.yahoo.com/asian-stocks-mixed-japan-election-032558210.htmlSun, 21 Jul 2013 23:25:58 -0400Associated Pressasian-stocks-mixed-japan-election-032558210<p><a href="http://news.yahoo.com/asian-stocks-mixed-japan-election-032558210.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ltfZty6TbmGvPfxdQP4ERQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4dce2df964c03618380f6a706700501a.jpg" width="130" height="86" alt="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" align="left" title="Japanese Prime Minister Shinzo Abe listens to a reporter's question in front of red rosettes on the names of his Liberal Democratic Party's winning candidates during ballot counting for the upper house elections at the party headquarters in Tokyo Sunday, July 21, 2013. Abe's ruling coalition won a majority in the upper house of Parliament in elections, media projected, giving it control of both chambers and a mandate to press ahead with difficult economic reforms. A sign at left reads: "Liberal Democratic Party." (AP Photo/Shizuo Kambayashi)" border="0" /></a>BEIJING (AP) ? Chinese stocks fell but other Asian markets edged up Monday after Japan's ruling party won a majority in parliament's upper house and a mandate to push ahead economic reforms.</p><br clear="all"/>Obama to begin new series of economic addresses<p><a href="http://news.yahoo.com/obama-begin-series-economic-addresses-000143541.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Jw0K07uUK4Z_G6fquesA1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/a9bca46880a64018380f6a706700a3ce.jpg" width="130" height="86" alt="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" align="left" title="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" border="0" /></a>WASHINGTON (AP) ? Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.</p><br clear="all"/>http://news.yahoo.com/obama-begin-series-economic-addresses-000143541.htmlSun, 21 Jul 2013 20:55:14 -0400Associated Pressobama-begin-series-economic-addresses-000143541<p><a href="http://news.yahoo.com/obama-begin-series-economic-addresses-000143541.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Jw0K07uUK4Z_G6fquesA1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/a9bca46880a64018380f6a706700a3ce.jpg" width="130" height="86" alt="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" align="left" title="FILE - This July 19, 2013 file photo shows President Barack Obama speaking to reporters in the Brady Press Briefing room of the White House in Washington. Drawing renewed attention to the economy, Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. (AP Photo/Manuel Balce Ceneta, file)" border="0" /></a>WASHINGTON (AP) ? Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.</p><br clear="all"/>Japan's Abe has chance to show true colors after big election win<p><a href="http://news.yahoo.com/japans-abe-chance-show-true-colors-big-election-003547056.html"><img src="http://l.yimg.com/bt/api/res/1.2/DkDQotPFt3f1hKJRaUYtLg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T211547Z_1_CBRE96K184A00_RTROPTP_2_JAPAN-ELECTION.JPG" width="130" height="86" alt="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" align="left" title="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling coalition scored a decisive victory in an election on Sunday - so big that there are suspicions he will lose interest in difficult economic reforms and pursue his nationalist agenda instead. The victory in the vote for parliament's upper house gives Abe a stronger mandate for his prescription for reviving the stagnant economy. Coincidentally, it could also give lawmakers in his own party, some of whom have little appetite for painful but vital reforms, more clout to resist change. ...</p><br clear="all"/>http://news.yahoo.com/japans-abe-chance-show-true-colors-big-election-003547056.htmlSun, 21 Jul 2013 20:35:47 -0400Reutersjapans-abe-chance-show-true-colors-big-election-003547056<p><a href="http://news.yahoo.com/japans-abe-chance-show-true-colors-big-election-003547056.html"><img src="http://l.yimg.com/bt/api/res/1.2/DkDQotPFt3f1hKJRaUYtLg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T211547Z_1_CBRE96K184A00_RTROPTP_2_JAPAN-ELECTION.JPG" width="130" height="86" alt="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" align="left" title="Japan's PMAbe, and the leader of the ruling LDP, smiles as he puts a rosette on a name of a candidate, who is expected to win, at the party headquarters in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling coalition scored a decisive victory in an election on Sunday - so big that there are suspicions he will lose interest in difficult economic reforms and pursue his nationalist agenda instead. The victory in the vote for parliament's upper house gives Abe a stronger mandate for his prescription for reviving the stagnant economy. Coincidentally, it could also give lawmakers in his own party, some of whom have little appetite for painful but vital reforms, more clout to resist change. ...</p><br clear="all"/>Financial services recovery would drive UK economy and jobs - PwCLONDON (Reuters) - A properly run financial services industry would generate a quarter of a million new British jobs by 2020, oiling the wheels of sectors such as manufacturing and retail, a new report says. Research published on Monday by PricewaterhouseCoopers (PwC) suggests that robust regulation and benign economic conditions that help the embattled financial sector to recover would also spur 2-3 percent growth in the economy by the end of the decade. An alternative scenario, in which the financial services sector continues to languish, would bring an unimpressive 0. ...http://news.yahoo.com/financial-services-recovery-drive-uk-economy-jobs-pwc-230522684.htmlSun, 21 Jul 2013 19:04:30 -0400Reutersfinancial-services-recovery-drive-uk-economy-jobs-pwc-230522684China's rate reform points to eventual banking shake-up<p><a href="http://news.yahoo.com/chinas-rate-reform-points-eventual-banking-shake-215700350.html"><img src="http://l3.yimg.com/bt/api/res/1.2/10isEQkpxos4J8aL2nOGdA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T215700Z_1_CBRE96K1OZ900_RTROPTP_2_CHINA-SHADOW.JPG" width="130" height="86" alt="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" align="left" title="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" border="0" /></a>By Pete Sweeney and Gabriel Wildau SHANGHAI (Reuters) - Beijing's move to scrap the floor on lending rates is not yet a game-changer for Chinese banks, but it may have just started the countdown to an eventual industry overhaul which will deprive the banks of virtually risk-free profits. Any liberalization is seen as positive for China's financial sector and the world's second-largest economy. But many Chinese investors fear the nation's banks, which for years have made easy profits from state-mandated spreads between borrowing and lending rates, will struggle to benefit from more competition. ...</p><br clear="all"/>http://news.yahoo.com/chinas-rate-reform-points-eventual-banking-shake-215700350.htmlSun, 21 Jul 2013 17:57:00 -0400Reuterschinas-rate-reform-points-eventual-banking-shake-215700350<p><a href="http://news.yahoo.com/chinas-rate-reform-points-eventual-banking-shake-215700350.html"><img src="http://l3.yimg.com/bt/api/res/1.2/10isEQkpxos4J8aL2nOGdA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T215700Z_1_CBRE96K1OZ900_RTROPTP_2_CHINA-SHADOW.JPG" width="130" height="86" alt="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" align="left" title="A businessman looks at his mobile phone as he walks in the financial area of Pudong in Shanghai" border="0" /></a>By Pete Sweeney and Gabriel Wildau SHANGHAI (Reuters) - Beijing's move to scrap the floor on lending rates is not yet a game-changer for Chinese banks, but it may have just started the countdown to an eventual industry overhaul which will deprive the banks of virtually risk-free profits. Any liberalization is seen as positive for China's financial sector and the world's second-largest economy. But many Chinese investors fear the nation's banks, which for years have made easy profits from state-mandated spreads between borrowing and lending rates, will struggle to benefit from more competition. ...</p><br clear="all"/>The China disconnect: analysts lose plot on financial stocks<p><a href="http://news.yahoo.com/china-disconnect-analysts-lose-plot-financial-stocks-214527694.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Aszd4F2nsDR2G5TxDXBFXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T214527Z_1_CBRE96K1OFW00_RTROPTP_2_CHINA-ANALYSTS.JPG" width="130" height="86" alt="File photo of a man riding an escalator at the Pudong financial district in Shanghai" align="left" title="File photo of a man riding an escalator at the Pudong financial district in Shanghai" border="0" /></a>By Nishant Kumar HONG KONG (Reuters) - Seventy percent of analysts covering Chinese financial stocks rate them a buy, the highest among the world's top 10 markets for such shares. Yet its financials are the worst performing this year in the group, Thomson Reuters StarMine data shows. That disconnect has been on display in recent weeks, with Chinese financial stocks getting hammered on fears about a credit crunch and the country's slowing economy. While the majority of analysts remain positive, mutual funds have dumped shares and short sellers have moved in. ...</p><br clear="all"/>http://news.yahoo.com/china-disconnect-analysts-lose-plot-financial-stocks-214527694.htmlSun, 21 Jul 2013 17:45:27 -0400Reuterschina-disconnect-analysts-lose-plot-financial-stocks-214527694<p><a href="http://news.yahoo.com/china-disconnect-analysts-lose-plot-financial-stocks-214527694.html"><img src="http://l3.yimg.com/bt/api/res/1.2/Aszd4F2nsDR2G5TxDXBFXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T214527Z_1_CBRE96K1OFW00_RTROPTP_2_CHINA-ANALYSTS.JPG" width="130" height="86" alt="File photo of a man riding an escalator at the Pudong financial district in Shanghai" align="left" title="File photo of a man riding an escalator at the Pudong financial district in Shanghai" border="0" /></a>By Nishant Kumar HONG KONG (Reuters) - Seventy percent of analysts covering Chinese financial stocks rate them a buy, the highest among the world's top 10 markets for such shares. Yet its financials are the worst performing this year in the group, Thomson Reuters StarMine data shows. That disconnect has been on display in recent weeks, with Chinese financial stocks getting hammered on fears about a credit crunch and the country's slowing economy. While the majority of analysts remain positive, mutual funds have dumped shares and short sellers have moved in. ...</p><br clear="all"/>Factbox: Japan PM Abe scorecard: What to watch for after electionTOKYO (Reuters) - Japanese Prime Minister Shinzo Abe cemented his hold on power in an election on Sunday, ending six years of parliamentary deadlock with a 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-023711101.htmlSun, 21 Jul 2013 17:15:47 -0400Reutersfactbox-japan-pm-abe-scorecard-watch-election-023711101Autos troubles, race at root of Detroit collapse<p><a href="http://news.yahoo.com/autos-troubles-race-root-detroit-collapse-155001770.html"><img src="http://l3.yimg.com/bt/api/res/1.2/IaWo14C3CCmn1c_YNdRBaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/325ee2c727a10918380f6a706700e50b.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 for 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 for permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.</p><br clear="all"/>http://news.yahoo.com/autos-troubles-race-root-detroit-collapse-155001770.htmlSun, 21 Jul 2013 17:01:12 -0400Associated Pressautos-troubles-race-root-detroit-collapse-155001770<p><a href="http://news.yahoo.com/autos-troubles-race-root-detroit-collapse-155001770.html"><img src="http://l3.yimg.com/bt/api/res/1.2/IaWo14C3CCmn1c_YNdRBaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/325ee2c727a10918380f6a706700e50b.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 for 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 for permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>Blue-collar workers poured into the cavernous auto plants of Detroit for generations, confident that a sturdy back and strong work ethic would bring them a house, a car and economic security. It was a place where the American dream came true.</p><br clear="all"/>Obama to press Congress to act on economyLooking to retake the initiative on Americans? number one concern, President Barack Obama this week will deliver three speeches on the economy.http://news.yahoo.com/obama-to-press-congress-to-act-on-economy--205050902.htmlSun, 21 Jul 2013 16:50:50 -0400obama-to-press-congress-to-act-on-economy--205050902Europe still sleeping even as Japan, Britain stir<p><a href="http://news.yahoo.com/europe-still-sleeping-even-japan-britain-stir-195153972.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sULwOAluFh3pl4aCPu0dgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T195153Z_2_CBRE96K1J0Z00_RTROPTP_2_ECB-DRAGHI.JPG" width="130" height="86" alt="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" align="left" title="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" border="0" /></a>By Alan Wheatley LONDON (Reuters) - Another month, another listless set of business surveys is likely to show this week just how much the euro zone economy still has to do to get over its debilitating debt and banking crisis. An index based on a poll of purchasing managers across the 17-country bloc probably edged up to 49.1 in July from 48.7 in June, but remained below the watershed of 50 that would signal a resumption of growth, according to economists polled by Reuters. ...</p><br clear="all"/>http://news.yahoo.com/europe-still-sleeping-even-japan-britain-stir-195153972.htmlSun, 21 Jul 2013 15:51:53 -0400Reuterseurope-still-sleeping-even-japan-britain-stir-195153972<p><a href="http://news.yahoo.com/europe-still-sleeping-even-japan-britain-stir-195153972.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sULwOAluFh3pl4aCPu0dgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T195153Z_2_CBRE96K1J0Z00_RTROPTP_2_ECB-DRAGHI.JPG" width="130" height="86" alt="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" align="left" title="European Central Bank President Mario Draghi takes part in the European Parliament's Economic and Monetary Affairs Committee in Brussels" border="0" /></a>By Alan Wheatley LONDON (Reuters) - Another month, another listless set of business surveys is likely to show this week just how much the euro zone economy still has to do to get over its debilitating debt and banking crisis. An index based on a poll of purchasing managers across the 17-country bloc probably edged up to 49.1 in July from 48.7 in June, but remained below the watershed of 50 that would signal a resumption of growth, according to economists polled by Reuters. ...</p><br clear="all"/>Yields on Egypt T-bills fall on Gulf aid and cabinet hopesCAIRO (Reuters) - Egyptian treasury bill yields tumbled at an auction on Sunday on hopes that the transitional cabinet, armed with billions of Gulf Arab dollars, will shore up the economy and restore political stability. The cabinet, appointed last week, said in a statement after a meeting on Sunday that "the people need to be informed candidly about the size of Egypt's problems, which require quick and decisive action". Egypt received $2 billion in aid from Saudi Arabia on Sunday and $3 billion from the United Arab Emirates on Thursday. "You've got the cabinet now in place ... ...http://news.yahoo.com/yields-egypt-t-bills-fall-gulf-aid-cabinet-154138504.htmlSun, 21 Jul 2013 11:41:38 -0400Reutersyields-egypt-t-bills-fall-gulf-aid-cabinet-154138504US Treasury Secretary Lew in Greece for talks<p><a href="http://news.yahoo.com/us-treasury-secretary-lew-greece-talks-103046575.html"><img src="http://l2.yimg.com/bt/api/res/1.2/opykQxMWOZIpJpm1BXuvFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/9dd58287647a3518380f6a70670082bf.jpg" width="130" height="86" alt="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" align="left" title="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" border="0" /></a>ATHENS, Greece (AP) ? U.S. Treasury Secretary Jack Lew urged Greece on Sunday to continue its efforts to stabilize its debt-ridden economy and capitalize on the sacrifices already made "to ensure prosperity and growth for generations to come."</p><br clear="all"/>http://news.yahoo.com/us-treasury-secretary-lew-greece-talks-103046575.htmlSun, 21 Jul 2013 11:30:57 -0400Associated Pressus-treasury-secretary-lew-greece-talks-103046575<p><a href="http://news.yahoo.com/us-treasury-secretary-lew-greece-talks-103046575.html"><img src="http://l2.yimg.com/bt/api/res/1.2/opykQxMWOZIpJpm1BXuvFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/9dd58287647a3518380f6a70670082bf.jpg" width="130" height="86" alt="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" align="left" title="U.S. Treasury Secretary Jack Lew, left, shakes hands with Greece's Finance Minister Yannis Stournaras at the ministry in Athens, Sunday, July 21, 2013. U.S. Treasury Secretary Jack Lew has arrived in Athens to discuss Greece's efforts to overcome a deep debt crisis. Samaras is due to visit the United States in early August, where he will meet U.S. President Barack Obama. (AP Photo/John Kolesidis, Pool)" border="0" /></a>ATHENS, Greece (AP) ? U.S. Treasury Secretary Jack Lew urged Greece on Sunday to continue its efforts to stabilize its debt-ridden economy and capitalize on the sacrifices already made "to ensure prosperity and growth for generations to come."</p><br clear="all"/>U.S. Treasury Secretary Lew urges Greece to stick with reforms<p><a href="http://news.yahoo.com/u-treasury-secretary-lew-urges-greece-stick-reforms-151507406.html"><img src="http://l.yimg.com/bt/api/res/1.2/3S54Eu1j0dPxPdqv3MPmcw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T151507Z_1_CBRE96K16DP00_RTROPTP_2_USA-GREECE-LEW.JPG" width="130" height="86" alt="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" align="left" title="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" border="0" /></a>ATHENS (Reuters) - U.S. Treasury Secretary Jack Lew urged Greece on Sunday to persevere with tough economic reforms during a one-day trip to Athens designed to demonstrate Washington's support for the crisis-plagued country. Greek government officials said Lew's talks focused on Greece's fiscal progress before Prime Minister Antonis Samaras meets U.S. President Barack Obama in Washington on August 8. "We recognize the difficult decisions and shared sacrifices of the last few years," Lew told reporters after meeting Samaras at the Acropolis Museum. "Of course the road ahead is still ...</p><br clear="all"/>http://news.yahoo.com/u-treasury-secretary-lew-urges-greece-stick-reforms-151507406.htmlSun, 21 Jul 2013 11:15:07 -0400Reutersu-treasury-secretary-lew-urges-greece-stick-reforms-151507406<p><a href="http://news.yahoo.com/u-treasury-secretary-lew-urges-greece-stick-reforms-151507406.html"><img src="http://l.yimg.com/bt/api/res/1.2/3S54Eu1j0dPxPdqv3MPmcw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T151507Z_1_CBRE96K16DP00_RTROPTP_2_USA-GREECE-LEW.JPG" width="130" height="86" alt="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" align="left" title="Greece's Prime Minister Samaras addresses reporters next to U.S. Treasury Secretary Lew at the Athens Acropolis Museum in Athens" border="0" /></a>ATHENS (Reuters) - U.S. Treasury Secretary Jack Lew urged Greece on Sunday to persevere with tough economic reforms during a one-day trip to Athens designed to demonstrate Washington's support for the crisis-plagued country. Greek government officials said Lew's talks focused on Greece's fiscal progress before Prime Minister Antonis Samaras meets U.S. President Barack Obama in Washington on August 8. "We recognize the difficult decisions and shared sacrifices of the last few years," Lew told reporters after meeting Samaras at the Acropolis Museum. "Of course the road ahead is still ...</p><br clear="all"/>Japan PM Abe says want to reach sales tax hike decision in autumn<p><a href="http://news.yahoo.com/japan-pm-abe-says-want-reach-sales-tax-135249946.html"><img src="http://l2.yimg.com/bt/api/res/1.2/zikP5NlMcdFZpZcSKwA0LA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T135249Z_1_CBRE96K12K500_RTROPTP_2_CBUSINESS-US-JAPAN-ELECTION-ABE-TAX.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" border="0" /></a>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday that he wants to decide in the autumn whether to proceed with a scheduled sales tax hike next year, while looking carefully at economic indicators. "We have to look at various data, including the April-June GDP figures, and decide what needs to be done to clear hurdles such as beating deflation, achieving economic growth and restoring Japan's fiscal health. I'd like to reach a decision in the autumn," he said. "It will be a difficult decision. ...</p><br clear="all"/>http://news.yahoo.com/japan-pm-abe-says-want-reach-sales-tax-135249946.htmlSun, 21 Jul 2013 09:52:49 -0400Reutersjapan-pm-abe-says-want-reach-sales-tax-135249946<p><a href="http://news.yahoo.com/japan-pm-abe-says-want-reach-sales-tax-135249946.html"><img src="http://l2.yimg.com/bt/api/res/1.2/zikP5NlMcdFZpZcSKwA0LA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T135249Z_1_CBRE96K12K500_RTROPTP_2_CBUSINESS-US-JAPAN-ELECTION-ABE-TAX.JPG" width="130" height="86" alt="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" align="left" title="Japan's PM Abe, and the leader of the ruling LDP, listens to a question at the party headquarters in Tokyo" border="0" /></a>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Sunday that he wants to decide in the autumn whether to proceed with a scheduled sales tax hike next year, while looking carefully at economic indicators. "We have to look at various data, including the April-June GDP figures, and decide what needs to be done to clear hurdles such as beating deflation, achieving economic growth and restoring Japan's fiscal health. I'd like to reach a decision in the autumn," he said. "It will be a difficult decision. ...</p><br clear="all"/>Analysis: Erdogan puts Turkish policymakers in dilemma<p><a href="http://news.yahoo.com/analysis-erdogan-puts-turkish-policymakers-dilemma-130449974.html"><img src="http://l.yimg.com/bt/api/res/1.2/bOzZDC91oGYvgMBjJot_kQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T130449Z_1_CBRE96K10C800_RTROPTP_2_CBUSINESS-US-TURKEY-ECONOMY-ANALYSIS.JPG" width="130" height="86" alt="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" align="left" title="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" border="0" /></a>By Nick Tattersall and Asli Kandemir ISTANBUL (Reuters) - With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place. Rattled by weeks of anti-government protests and with a peace initiative for Kurdish militants looking increasingly fragile, the last thing Prime Minister Tayyip Erdogan needs with an election cycle starting next year is an economic slowdown. ...</p><br clear="all"/>http://news.yahoo.com/analysis-erdogan-puts-turkish-policymakers-dilemma-130449974.htmlSun, 21 Jul 2013 09:04:49 -0400Reutersanalysis-erdogan-puts-turkish-policymakers-dilemma-130449974<p><a href="http://news.yahoo.com/analysis-erdogan-puts-turkish-policymakers-dilemma-130449974.html"><img src="http://l.yimg.com/bt/api/res/1.2/bOzZDC91oGYvgMBjJot_kQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T130449Z_1_CBRE96K10C800_RTROPTP_2_CBUSINESS-US-TURKEY-ECONOMY-ANALYSIS.JPG" width="130" height="86" alt="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" align="left" title="Turkey's Prime Minister Tayyip Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara" border="0" /></a>By Nick Tattersall and Asli Kandemir ISTANBUL (Reuters) - With a powerful prime minister bent on pumping up growth ahead of elections but a sliding currency and rising borrowing costs, Turkish policymakers are caught between a rock and a hard place. Rattled by weeks of anti-government protests and with a peace initiative for Kurdish militants looking increasingly fragile, the last thing Prime Minister Tayyip Erdogan needs with an election cycle starting next year is an economic slowdown. ...</p><br clear="all"/>OECD publishes plan to cut tax evasionBy Tom Bergin LONDON (Reuters) - The Organization for Economic Co-operation and Development has (OECD) unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts. Countries are increasingly moving to a standard of sharing information on taxpayers even in the absence of any specific request. This is more likely to flag up inappropriate behavior than the longer established practice of one tax authority starting an investigation into suspicions of wrongdoing, and then making a request for data. ...http://news.yahoo.com/oecd-publishes-plan-cut-tax-evasion-125019172.htmlSun, 21 Jul 2013 08:50:19 -0400Reutersoecd-publishes-plan-cut-tax-evasion-125019172Japan PM's coalition gets majority in upper house: exit polls<p><a href="http://news.yahoo.com/japan-pms-coalition-gets-majority-upper-house-exit-110900568.html"><img src="http://l1.yimg.com/bt/api/res/1.2/OJCTn1FFQyuWJNSj066XuQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T110900Z_1_CBRE96K0UZ500_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan'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'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>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling bloc won a convincing victory in an upper house election on Sunday, media exit polls showed, giving the hawkish leader a mandate for his recipe to revive the economy, while ending a political deadlock and setting the stage for Japan's first stable government since 2006. Abe, who returned to power after his Liberal Democratic Party-led coalition's big win in a December lower house poll, has said he will stay focused on fixing the economy with his "Abenomics" mix of hyper-easy monetary policy, fiscal spending and structural reforms. ...</p><br clear="all"/>http://news.yahoo.com/japan-pms-coalition-gets-majority-upper-house-exit-110900568.htmlSun, 21 Jul 2013 07:09:00 -0400Reutersjapan-pms-coalition-gets-majority-upper-house-exit-110900568<p><a href="http://news.yahoo.com/japan-pms-coalition-gets-majority-upper-house-exit-110900568.html"><img src="http://l1.yimg.com/bt/api/res/1.2/OJCTn1FFQyuWJNSj066XuQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T110900Z_1_CBRE96K0UZ500_RTROPTP_2_JAPAN.JPG" width="130" height="86" alt="Japan'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'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>TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's ruling bloc won a convincing victory in an upper house election on Sunday, media exit polls showed, giving the hawkish leader a mandate for his recipe to revive the economy, while ending a political deadlock and setting the stage for Japan's first stable government since 2006. Abe, who returned to power after his Liberal Democratic Party-led coalition's big win in a December lower house poll, has said he will stay focused on fixing the economy with his "Abenomics" mix of hyper-easy monetary policy, fiscal spending and structural reforms. ...</p><br clear="all"/>Chinese economy set to turn around, no hard landing: finance minister<p><a href="http://news.yahoo.com/chinese-economy-set-turn-around-no-hard-landing-084036164.html"><img src="http://l2.yimg.com/bt/api/res/1.2/s.9INjNtjUALNZ3GfrbL9w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T084036Z_1_CBRE96K0O3Y00_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>SHANGHAI (Reuters) - China's finance minister denied that the world's second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview. The report quoted Lou Jiwei, speaking on the sidelines of the G20 conference on Saturday, saying he expected China's economic growth to end the year at 7.5 percent, the official target rate. ...</p><br clear="all"/>http://news.yahoo.com/chinese-economy-set-turn-around-no-hard-landing-084036164.htmlSun, 21 Jul 2013 04:40:36 -0400Reuterschinese-economy-set-turn-around-no-hard-landing-084036164<p><a href="http://news.yahoo.com/chinese-economy-set-turn-around-no-hard-landing-084036164.html"><img src="http://l2.yimg.com/bt/api/res/1.2/s.9INjNtjUALNZ3GfrbL9w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-21T084036Z_1_CBRE96K0O3Y00_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>SHANGHAI (Reuters) - China's finance minister denied that the world's second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview. The report quoted Lou Jiwei, speaking on the sidelines of the G20 conference on Saturday, saying he expected China's economic growth to end the year at 7.5 percent, the official target rate. ...</p><br clear="all"/>Third of Britons see interest rates rising in next 12 months - poll<p><a href="http://news.yahoo.com/third-britons-see-interest-rates-rising-next-12-230537207.html"><img src="http://l3.yimg.com/bt/api/res/1.2/xoE4dUtx5oAa04JWe3wpaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T230537Z_1_CBRE96J1S5N00_RTROPTP_2_BRITAIN-DOWNGRADE-MOODYS.JPG" width="130" height="86" alt="A bus passes the Bank of England in the City of London" align="left" title="A bus passes the Bank of England in the City of London" border="0" /></a>LONDON (Reuters) - More than a third of Britons think interest rates will rise in the next 12 months, a survey showed on Sunday, suggesting the Bank of England's first attempt to ease concern over higher rates ahead has had little effect beyond financial markets. The bank and its new governor, Mark Carney, will have to hope for more success with their next try - likely to come in more detailed form in early August - as they work to encourage consumers to spend more and spur economic growth. ...</p><br clear="all"/>http://news.yahoo.com/third-britons-see-interest-rates-rising-next-12-230537207.htmlSat, 20 Jul 2013 19:05:37 -0400Reutersthird-britons-see-interest-rates-rising-next-12-230537207<p><a href="http://news.yahoo.com/third-britons-see-interest-rates-rising-next-12-230537207.html"><img src="http://l3.yimg.com/bt/api/res/1.2/xoE4dUtx5oAa04JWe3wpaA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-20T230537Z_1_CBRE96J1S5N00_RTROPTP_2_BRITAIN-DOWNGRADE-MOODYS.JPG" width="130" height="86" alt="A bus passes the Bank of England in the City of London" align="left" title="A bus passes the Bank of England in the City of London" border="0" /></a>LONDON (Reuters) - More than a third of Britons think interest rates will rise in the next 12 months, a survey showed on Sunday, suggesting the Bank of England's first attempt to ease concern over higher rates ahead has had little effect beyond financial markets. The bank and its new governor, Mark Carney, will have to hope for more success with their next try - likely to come in more detailed form in early August - as they work to encourage consumers to spend more and spur economic growth. ...</p><br clear="all"/>Japan PM heads for election victory amid policy concerns<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'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'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'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'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'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-con
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