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All rights reservedSat, 27 Jul 2013 17:11:51 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.html"><img src="http://l.yimg.com/bt/api/res/1.2/AXseaos6FivYYgVIgmSMNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T204729Z_1_CBRE96Q1LRU00_RTROPTP_2_USA-FED.JPG" width="130" height="86" alt="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" align="left" title="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to &quot;some extraordinary candidates&quot; and will announce his pick &quot;over the next several months,&quot; he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. &quot;The idea is to promote those things in service of the lives of ordinary Americans getting better,&quot; Obama said. ...</p><br clear="all"/>http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.htmlSat, 27 Jul 2013 17:11:51 -0400Reutersobama-says-narrowed-fed-choices-announce-months-ny-204729866<p><a href="http://news.yahoo.com/obama-says-narrowed-fed-choices-announce-months-ny-204729866.html"><img src="http://l.yimg.com/bt/api/res/1.2/AXseaos6FivYYgVIgmSMNQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T204729Z_1_CBRE96Q1LRU00_RTROPTP_2_USA-FED.JPG" width="130" height="86" alt="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" align="left" title="U.S. Federal Reserve Chairman Bernanke arrives for a news conference at the Federal Reserve in Washington" border="0" /></a>WASHINGTON (Reuters) - President Barack Obama has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to &quot;some extraordinary candidates&quot; and will announce his pick &quot;over the next several months,&quot; he said in an interview with the New York Times. In the interview, released on Saturday, Obama said he wanted a Fed leader who would focus on helping the economy grow and not just work abstractly to keep inflation in check and markets stable, the Times reported. &quot;The idea is to promote those things in service of the lives of ordinary Americans getting better,&quot; Obama said. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/serbian-pm-threatens-oust-finance-minister-172506627.html"><img src="http://l.yimg.com/bt/api/res/1.2/3M4ZvpWo5pS3.ROQh7MhvA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T172506Z_1_CBRE96Q1CEM00_RTROPTP_2_CNEWS-US-SERBIA-GOVERNMENT-RESHUFFLE.JPG" width="130" height="86" alt="Serbian PM Dacic addresses a news conference after meeting EU Commision President Barroso in Brussels" align="left" title="Serbian PM Dacic addresses a news conference after meeting EU Commision President Barroso in Brussels" border="0" /></a>By Maja Zuvela BELGRADE (Reuters) - Serbia&#039;s prime minister piled pressure on Finance and Economy Minister Mladjan Dinkic on Saturday to cede one of his portfolios or face being ousted from the Balkan country&#039;s coalition government. &quot;It&#039;s crucial to have a division of responsibilities by splitting the ministry of finance and economy if we are serious about pursuing our goal of economic and fiscal consolidation,&quot; Prime Minister Ivica Dacic told a news conference. ...</p><br clear="all"/>http://news.yahoo.com/serbian-pm-threatens-oust-finance-minister-172506627.htmlSat, 27 Jul 2013 13:25:06 -0400Reutersserbian-pm-threatens-oust-finance-minister-172506627<p><a href="http://news.yahoo.com/serbian-pm-threatens-oust-finance-minister-172506627.html"><img src="http://l.yimg.com/bt/api/res/1.2/3M4ZvpWo5pS3.ROQh7MhvA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T172506Z_1_CBRE96Q1CEM00_RTROPTP_2_CNEWS-US-SERBIA-GOVERNMENT-RESHUFFLE.JPG" width="130" height="86" alt="Serbian PM Dacic addresses a news conference after meeting EU Commision President Barroso in Brussels" align="left" title="Serbian PM Dacic addresses a news conference after meeting EU Commision President Barroso in Brussels" border="0" /></a>By Maja Zuvela BELGRADE (Reuters) - Serbia&#039;s prime minister piled pressure on Finance and Economy Minister Mladjan Dinkic on Saturday to cede one of his portfolios or face being ousted from the Balkan country&#039;s coalition government. &quot;It&#039;s crucial to have a division of responsibilities by splitting the ministry of finance and economy if we are serious about pursuing our goal of economic and fiscal consolidation,&quot; Prime Minister Ivica Dacic told a news conference. ...</p><br clear="all"/>By Neha Dasgupta MUMBAI (Reuters) - India's Lanco Infratech Ltd has started a process to restructure debts totaling 75 billion rupees ($1.3 billion) after economic weakness impacted the performance of some of its businesses such as power and engineering and construction. If the process is approved by its lenders, Lanco would be the second debt-laden company to go for a major loan restructuring within nine months, after lenders to wind turbine maker Suzlon Energy in November agreed to restructure about 110 billion rupees of its debt. ...http://news.yahoo.com/indias-lanco-infra-starts-process-restructure-1-3-144311376.htmlSat, 27 Jul 2013 10:43:11 -0400Reutersindias-lanco-infra-starts-process-restructure-1-3-144311376<p><a href="http://news.yahoo.com/obama-says-choices-now-govern-future-economy-100125580.html"><img src="http://l2.yimg.com/bt/api/res/1.2/sXCktSO2xIhIz8kw8p_gZQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/248d2abc1b0ab819380f6a7067000d8d.jpg" width="130" height="86" alt="President Barack Obama give the thumbs up as walks from Marine One the the White House, Friday, July 26, 2013, in Washington, as he arrives after spending the day at Camp David with members of his cabinet and their families. (AP Photo/Carolyn Kaster)" align="left" title="President Barack Obama give the thumbs up as walks from Marine One the the White House, Friday, July 26, 2013, in Washington, as he arrives after spending the day at Camp David with members of his cabinet and their families. (AP Photo/Carolyn Kaster)" border="0" /></a>WASHINGTON (AP) ? President Barack Obama says Washington&#039;s top priority must be to reverse trends like economic inequality, weakened middle-class security and global competition. He says Washington has lost focus on the economy.</p><br clear="all"/>http://news.yahoo.com/obama-says-choices-now-govern-future-economy-100125580.htmlSat, 27 Jul 2013 06:19:15 -0400Associated Pressobama-says-choices-now-govern-future-economy-100125580<p><a href="http://news.yahoo.com/obama-says-choices-now-govern-future-economy-100125580.html"><img src="http://l2.yimg.com/bt/api/res/1.2/sXCktSO2xIhIz8kw8p_gZQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/248d2abc1b0ab819380f6a7067000d8d.jpg" width="130" height="86" alt="President Barack Obama give the thumbs up as walks from Marine One the the White House, Friday, July 26, 2013, in Washington, as he arrives after spending the day at Camp David with members of his cabinet and their families. (AP Photo/Carolyn Kaster)" align="left" title="President Barack Obama give the thumbs up as walks from Marine One the the White House, Friday, July 26, 2013, in Washington, as he arrives after spending the day at Camp David with members of his cabinet and their families. (AP Photo/Carolyn Kaster)" border="0" /></a>WASHINGTON (AP) ? President Barack Obama says Washington&#039;s top priority must be to reverse trends like economic inequality, weakened middle-class security and global competition. He says Washington has lost focus on the economy.</p><br clear="all"/><p><a href="http://news.yahoo.com/feds-lacker-says-exit-bond-buying-quick-070749450.html"><img src="http://l3.yimg.com/bt/api/res/1.2/APXJ.YK0Dd0KnJ_4vor5CQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T070749Z_1_CBRE96Q0JT600_RTROPTP_2_USA-POLITICS-BANKS.JPG" width="130" height="86" alt="Federal Reserve Bank of Richmond President Jeffrey Lacker testifies" align="left" title="Federal Reserve Bank of Richmond President Jeffrey Lacker testifies" border="0" /></a>BERLIN (Reuters) - The U.S. central bank must end its bond-buying program quickly and an end to the program was &quot;in sight&quot;, a senior Federal Reserve official said in a German magazine on Saturday. Fed Chairman Ben Bernanke jolted markets in late May with plans to ease back on stimulus efforts once the economy improves. The Fed is likely to reduce its monthly bond purchases later this year and stop them altogether by mid-2014, as long as the economic recovery unfolds as expected, Bernanke has said. ...</p><br clear="all"/>http://news.yahoo.com/feds-lacker-says-exit-bond-buying-quick-070749450.htmlSat, 27 Jul 2013 06:01:03 -0400Reutersfeds-lacker-says-exit-bond-buying-quick-070749450<p><a href="http://news.yahoo.com/feds-lacker-says-exit-bond-buying-quick-070749450.html"><img src="http://l3.yimg.com/bt/api/res/1.2/APXJ.YK0Dd0KnJ_4vor5CQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T070749Z_1_CBRE96Q0JT600_RTROPTP_2_USA-POLITICS-BANKS.JPG" width="130" height="86" alt="Federal Reserve Bank of Richmond President Jeffrey Lacker testifies" align="left" title="Federal Reserve Bank of Richmond President Jeffrey Lacker testifies" border="0" /></a>BERLIN (Reuters) - The U.S. central bank must end its bond-buying program quickly and an end to the program was &quot;in sight&quot;, a senior Federal Reserve official said in a German magazine on Saturday. Fed Chairman Ben Bernanke jolted markets in late May with plans to ease back on stimulus efforts once the economy improves. The Fed is likely to reduce its monthly bond purchases later this year and stop them altogether by mid-2014, as long as the economic recovery unfolds as expected, Bernanke has said. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/siemens-probes-china-operations-magazine-091252786.html"><img src="http://l3.yimg.com/bt/api/res/1.2/M8NFvmc859Ddy0O61re2Uw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T091252Z_1_CBRE96Q0PLM00_RTROPTP_2_GERMANY.JPG" width="130" height="86" alt="The logo of Siemens AG company is pictured atop factory in Berlin" align="left" title="The logo of Siemens AG company is pictured atop factory in Berlin" border="0" /></a>BERLIN (Reuters) - German engineering group Siemens is probing its China operations as sales and orders in the world&#039;s second-largest economy have failed to grow, Wirtschaftswoche reported without citing the source of the information. The Munich-based company&#039;s strategy division is carrying out an examination of activities in China, results of which Siemens executive board will discuss in October before implementing possible changes in policy, the magazine said on Saturday, Activity in China&#039;s vast manufacturing sector has been slowing as new orders faltered and the job market weakened. ...</p><br clear="all"/>http://news.yahoo.com/siemens-probes-china-operations-magazine-091252786.htmlSat, 27 Jul 2013 05:12:52 -0400Reuterssiemens-probes-china-operations-magazine-091252786<p><a href="http://news.yahoo.com/siemens-probes-china-operations-magazine-091252786.html"><img src="http://l3.yimg.com/bt/api/res/1.2/M8NFvmc859Ddy0O61re2Uw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-27T091252Z_1_CBRE96Q0PLM00_RTROPTP_2_GERMANY.JPG" width="130" height="86" alt="The logo of Siemens AG company is pictured atop factory in Berlin" align="left" title="The logo of Siemens AG company is pictured atop factory in Berlin" border="0" /></a>BERLIN (Reuters) - German engineering group Siemens is probing its China operations as sales and orders in the world&#039;s second-largest economy have failed to grow, Wirtschaftswoche reported without citing the source of the information. The Munich-based company&#039;s strategy division is carrying out an examination of activities in China, results of which Siemens executive board will discuss in October before implementing possible changes in policy, the magazine said on Saturday, Activity in China&#039;s vast manufacturing sector has been slowing as new orders faltered and the job market weakened. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/wall-st-week-ahead-stocks-face-fed-jobs-231821503.html"><img src="http://l1.yimg.com/bt/api/res/1.2/cSbmLewEqhskK6DAsSEmbw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T231821Z_1_CBRE96P1SQS00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Caroline Valetkevitch NEW YORK (Reuters) - The coming week on Wall Street could be a summer blockbuster, with the marquee featuring a triple bill: the Fed, jobs and earnings. Of the three, the Federal Reserve has the most potential to upset the market. The Federal Open Market Committee is expected to release a statement on Wednesday after a two-day meeting. Fed Chairman Ben Bernanke jolted markets in late May by saying the U.S. central bank planned to ease back on its stimulus efforts once the economy improves. Investors have been glued to his every comment since then. ...</p><br clear="all"/>http://news.yahoo.com/wall-st-week-ahead-stocks-face-fed-jobs-231821503.htmlFri, 26 Jul 2013 19:18:21 -0400Reuterswall-st-week-ahead-stocks-face-fed-jobs-231821503<p><a href="http://news.yahoo.com/wall-st-week-ahead-stocks-face-fed-jobs-231821503.html"><img src="http://l1.yimg.com/bt/api/res/1.2/cSbmLewEqhskK6DAsSEmbw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T231821Z_1_CBRE96P1SQS00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>By Caroline Valetkevitch NEW YORK (Reuters) - The coming week on Wall Street could be a summer blockbuster, with the marquee featuring a triple bill: the Fed, jobs and earnings. Of the three, the Federal Reserve has the most potential to upset the market. The Federal Open Market Committee is expected to release a statement on Wednesday after a two-day meeting. Fed Chairman Ben Bernanke jolted markets in late May by saying the U.S. central bank planned to ease back on its stimulus efforts once the economy improves. Investors have been glued to his every comment since then. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/signs-point-finally-end-europe-recession-170451557.html"><img src="http://l3.yimg.com/bt/api/res/1.2/ZlIUPuRkpbdYCUMb_KG8UQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8b91eda3c2568218380f6a7067006145.jpg" width="130" height="86" alt="Sestao shipbuilding workers, observe &#039;&#039;EDT Hercules&#039;&#039;, a new ship, unseen, launched from La Naval port, in Sestao northern Spain, Wednesday, July 24, 2013. The European Union&#039;s competition watchdog ruled Wednesday that tax breaks given to investors in Spanish shipbuilding constituted illegal subsidies and must be repaid to the government. (AP Photo/Alvaro Barrientos)" align="left" title="Sestao shipbuilding workers, observe &#039;&#039;EDT Hercules&#039;&#039;, a new ship, unseen, launched from La Naval port, in Sestao northern Spain, Wednesday, July 24, 2013. The European Union&#039;s competition watchdog ruled Wednesday that tax breaks given to investors in Spanish shipbuilding constituted illegal subsidies and must be repaid to the government. (AP Photo/Alvaro Barrientos)" border="0" /></a>FRANKFURT, Germany (AP) ? After a year and a half of recession, Europe&#039;s battered economy could finally be showing signs of life.</p><br clear="all"/>http://news.yahoo.com/signs-point-finally-end-europe-recession-170451557.htmlFri, 26 Jul 2013 17:55:56 -0400Associated Presssigns-point-finally-end-europe-recession-170451557<p><a href="http://news.yahoo.com/signs-point-finally-end-europe-recession-170451557.html"><img src="http://l3.yimg.com/bt/api/res/1.2/ZlIUPuRkpbdYCUMb_KG8UQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8b91eda3c2568218380f6a7067006145.jpg" width="130" height="86" alt="Sestao shipbuilding workers, observe &#039;&#039;EDT Hercules&#039;&#039;, a new ship, unseen, launched from La Naval port, in Sestao northern Spain, Wednesday, July 24, 2013. The European Union&#039;s competition watchdog ruled Wednesday that tax breaks given to investors in Spanish shipbuilding constituted illegal subsidies and must be repaid to the government. (AP Photo/Alvaro Barrientos)" align="left" title="Sestao shipbuilding workers, observe &#039;&#039;EDT Hercules&#039;&#039;, a new ship, unseen, launched from La Naval port, in Sestao northern Spain, Wednesday, July 24, 2013. The European Union&#039;s competition watchdog ruled Wednesday that tax breaks given to investors in Spanish shipbuilding constituted illegal subsidies and must be repaid to the government. (AP Photo/Alvaro Barrientos)" border="0" /></a>FRANKFURT, Germany (AP) ? After a year and a half of recession, Europe&#039;s battered economy could finally be showing signs of life.</p><br clear="all"/>WASHINGTON (AP) ? Americans are more confident about the economy than at any time since July 2007, a survey found, suggesting consumers will spend more and accelerate growth in the months ahead.http://news.yahoo.com/us-consumer-sentiment-reaches-6-high-july-142629065.htmlFri, 26 Jul 2013 10:48:51 -0400Associated Pressus-consumer-sentiment-reaches-6-high-july-142629065<p><a href="http://news.yahoo.com/united-nations-gives-rwanda-400-million-fight-hunger-140840032.html"><img src="http://l.yimg.com/bt/api/res/1.2/YcLEiWStqJj8HtsX1BRNlw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T140840Z_1_CBRE96P13AK00_RTROPTP_2_ZAIRE.JPG" width="130" height="86" alt="Severely malnourished Rwandan refugee children wait March 28 for food within a makeshift camp some 2.." align="left" title="Severely malnourished Rwandan refugee children wait March 28 for food within a makeshift camp some 2.." border="0" /></a>KIGALI (Reuters) - The United Nations has pledged $400 million over five years to help Rwanda reduce poverty, hunger and disease, the government said. Rwanda relies on external funding, including aid, for about 40 percent of its budget, which stands at 1,653 billion francs ($2.6 billion) for the fiscal year that started this month. Some $276 million will go towards development - including health, nutrition, education and the environment - while the rest will go to economic and governance projects, the government said in a statement issued on Thursday. ...</p><br clear="all"/>http://news.yahoo.com/united-nations-gives-rwanda-400-million-fight-hunger-140840032.htmlFri, 26 Jul 2013 10:08:40 -0400Reutersunited-nations-gives-rwanda-400-million-fight-hunger-140840032<p><a href="http://news.yahoo.com/united-nations-gives-rwanda-400-million-fight-hunger-140840032.html"><img src="http://l.yimg.com/bt/api/res/1.2/YcLEiWStqJj8HtsX1BRNlw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T140840Z_1_CBRE96P13AK00_RTROPTP_2_ZAIRE.JPG" width="130" height="86" alt="Severely malnourished Rwandan refugee children wait March 28 for food within a makeshift camp some 2.." align="left" title="Severely malnourished Rwandan refugee children wait March 28 for food within a makeshift camp some 2.." border="0" /></a>KIGALI (Reuters) - The United Nations has pledged $400 million over five years to help Rwanda reduce poverty, hunger and disease, the government said. Rwanda relies on external funding, including aid, for about 40 percent of its budget, which stands at 1,653 billion francs ($2.6 billion) for the fiscal year that started this month. Some $276 million will go towards development - including health, nutrition, education and the environment - while the rest will go to economic and governance projects, the government said in a statement issued on Thursday. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/stocks-suffer-china-seeks-overhaul-industry-140541496.html"><img src="http://l3.yimg.com/bt/api/res/1.2/aWY7Tov5YYokVeqrtXq4Rg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/eb9343b5fdb3a718380f6a70670093b8.jpg" width="130" height="86" alt="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" align="left" title="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" border="0" /></a>LONDON (AP) ? Stocks mostly dropped Friday on concerns that a brusque overhaul of China&#039;s industry could slow down the world&#039;s second-largest economy and after retailer Amazon.com reported a surprise loss.</p><br clear="all"/>http://news.yahoo.com/stocks-suffer-china-seeks-overhaul-industry-140541496.htmlFri, 26 Jul 2013 10:05:41 -0400Associated Pressstocks-suffer-china-seeks-overhaul-industry-140541496<p><a href="http://news.yahoo.com/stocks-suffer-china-seeks-overhaul-industry-140541496.html"><img src="http://l3.yimg.com/bt/api/res/1.2/aWY7Tov5YYokVeqrtXq4Rg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/eb9343b5fdb3a718380f6a70670093b8.jpg" width="130" height="86" alt="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" align="left" title="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" border="0" /></a>LONDON (AP) ? Stocks mostly dropped Friday on concerns that a brusque overhaul of China&#039;s industry could slow down the world&#039;s second-largest economy and after retailer Amazon.com reported a surprise loss.</p><br clear="all"/>KIGALI (Reuters) - The United Nations has pledged $400 million over five years to help Rwanda reduce poverty, hunger and disease, the government said. Rwanda relies on external funding, including aid, for about 40 percent of its budget, which stands at 1,653 billion francs for the fiscal year that started this month. Some $276 million will go towards development - including health, nutrition, education and the environment - while the rest will go to economic and governance projects, the government said in a statement issued on Thursday. ...http://news.yahoo.com/united-nations-gives-rwanda-400-mln-fight-hunger-140323212.htmlFri, 26 Jul 2013 10:03:23 -0400Reutersunited-nations-gives-rwanda-400-mln-fight-hunger-140323212<p><a href="http://news.yahoo.com/consumer-sentiment-rises-highest-level-six-years-july-140116605.html"><img src="http://l3.yimg.com/bt/api/res/1.2/xRSQvMw9oZFCOQKN8j.Qbg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T140116Z_1_CBRE96P12VN00_RTROPTP_2_WALMART-MEETING.JPG" width="130" height="86" alt="A woman shops with her daughter at a Walmart Supercenter in Rogers" align="left" title="A woman shops with her daughter at a Walmart Supercenter in Rogers" border="0" /></a>NEW YORK (Reuters) - U.S. consumer sentiment rose in July to the highest level in six years as Americans felt better about the current economic climate, though they expected to see a slower rate of growth in the year ahead, a survey released on Friday showed. The Thomson Reuters/University of Michigan&#039;s final reading on the overall index on consumer sentiment climbed to 85.1 from 84.1 in June, topping expectations for 84. It was the highest level since July 2007 and was also an improvement from July&#039;s initial reading of 83.9. ...</p><br clear="all"/>http://news.yahoo.com/consumer-sentiment-rises-highest-level-six-years-july-140116605.htmlFri, 26 Jul 2013 09:59:35 -0400Reutersconsumer-sentiment-rises-highest-level-six-years-july-140116605<p><a href="http://news.yahoo.com/consumer-sentiment-rises-highest-level-six-years-july-140116605.html"><img src="http://l3.yimg.com/bt/api/res/1.2/xRSQvMw9oZFCOQKN8j.Qbg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-26T140116Z_1_CBRE96P12VN00_RTROPTP_2_WALMART-MEETING.JPG" width="130" height="86" alt="A woman shops with her daughter at a Walmart Supercenter in Rogers" align="left" title="A woman shops with her daughter at a Walmart Supercenter in Rogers" border="0" /></a>NEW YORK (Reuters) - U.S. consumer sentiment rose in July to the highest level in six years as Americans felt better about the current economic climate, though they expected to see a slower rate of growth in the year ahead, a survey released on Friday showed. The Thomson Reuters/University of Michigan&#039;s final reading on the overall index on consumer sentiment climbed to 85.1 from 84.1 in June, topping expectations for 84. It was the highest level since July 2007 and was also an improvement from July&#039;s initial reading of 83.9. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/italian-parliament-passes-economic-measures-132133936.html"><img src="http://l2.yimg.com/bt/api/res/1.2/4VPvohh4fJfGrCuKDjxRhA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/df8eb000e0e69918380f6a706700e08d.jpg" width="130" height="86" alt="Italian Premier Enrico Letta looks down as he attends a session of the Senate, in Rome, Thursday, July 25, 2013. (AP Photo/Mauro Scrobogna, Lapresse)" align="left" title="Italian Premier Enrico Letta looks down as he attends a session of the Senate, in Rome, Thursday, July 25, 2013. (AP Photo/Mauro Scrobogna, Lapresse)" border="0" /></a>ROME (AP) ? Italy&#039;s lower house passed a series of measures aimed at combatting the economic crisis after opposition lawmakers from Beppe Grillo&#039;s 5 Star Movement gave up on a two-day filibuster.</p><br clear="all"/>http://news.yahoo.com/italian-parliament-passes-economic-measures-132133936.htmlFri, 26 Jul 2013 09:21:33 -0400Associated Pressitalian-parliament-passes-economic-measures-132133936<p><a href="http://news.yahoo.com/italian-parliament-passes-economic-measures-132133936.html"><img src="http://l2.yimg.com/bt/api/res/1.2/4VPvohh4fJfGrCuKDjxRhA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/df8eb000e0e69918380f6a706700e08d.jpg" width="130" height="86" alt="Italian Premier Enrico Letta looks down as he attends a session of the Senate, in Rome, Thursday, July 25, 2013. (AP Photo/Mauro Scrobogna, Lapresse)" align="left" title="Italian Premier Enrico Letta looks down as he attends a session of the Senate, in Rome, Thursday, July 25, 2013. (AP Photo/Mauro Scrobogna, Lapresse)" border="0" /></a>ROME (AP) ? Italy&#039;s lower house passed a series of measures aimed at combatting the economic crisis after opposition lawmakers from Beppe Grillo&#039;s 5 Star Movement gave up on a two-day filibuster.</p><br clear="all"/>The price of oil surrendered some of its recent gains Friday, falling back to near $104 a barrel, as concerns over China's decision to press ahead with painful economic restructuring offset upbeat U.S. economic news.http://news.yahoo.com/oil-falls-back-near-104-barrel-124529692.htmlFri, 26 Jul 2013 08:47:03 -0400Associated Pressoil-falls-back-near-104-barrel-124529692<p><a href="http://news.yahoo.com/futures-slip-china-moves-struggles-tech-115645148.html"><img src="http://l1.yimg.com/bt/api/res/1.2/y_HyKx3j_jNDNnaxORtgIg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0aed65fcfe00a818380f6a706700f785.jpg" width="130" height="86" alt="In this Friday, June 28, 2013, photo, Trader Timothy Nick, right, works on the floor of the New York Stock Exchange. Asian stock markets floundered Friday July 26, 2013 as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world&#039;s No. 2 economy. (AP Photo/Richard Drew)" align="left" title="In this Friday, June 28, 2013, photo, Trader Timothy Nick, right, works on the floor of the New York Stock Exchange. Asian stock markets floundered Friday July 26, 2013 as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world&#039;s No. 2 economy. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stock futures are heading lower on some disappointing quarterly performances from tech companies and more hints that China is trying to rein in growth to keep its economy under control.</p><br clear="all"/>http://news.yahoo.com/futures-slip-china-moves-struggles-tech-115645148.htmlFri, 26 Jul 2013 07:56:45 -0400Associated Pressfutures-slip-china-moves-struggles-tech-115645148<p><a href="http://news.yahoo.com/futures-slip-china-moves-struggles-tech-115645148.html"><img src="http://l1.yimg.com/bt/api/res/1.2/y_HyKx3j_jNDNnaxORtgIg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0aed65fcfe00a818380f6a706700f785.jpg" width="130" height="86" alt="In this Friday, June 28, 2013, photo, Trader Timothy Nick, right, works on the floor of the New York Stock Exchange. Asian stock markets floundered Friday July 26, 2013 as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world&#039;s No. 2 economy. (AP Photo/Richard Drew)" align="left" title="In this Friday, June 28, 2013, photo, Trader Timothy Nick, right, works on the floor of the New York Stock Exchange. Asian stock markets floundered Friday July 26, 2013 as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world&#039;s No. 2 economy. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stock futures are heading lower on some disappointing quarterly performances from tech companies and more hints that China is trying to rein in growth to keep its economy under control.</p><br clear="all"/><p><a href="http://news.yahoo.com/stocks-suffer-china-seeks-reform-industry-103953678.html"><img src="http://l3.yimg.com/bt/api/res/1.2/aWY7Tov5YYokVeqrtXq4Rg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/eb9343b5fdb3a718380f6a70670093b8.jpg" width="130" height="86" alt="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" align="left" title="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" border="0" /></a>LONDON (AP) ? Stocks mostly dropped on Friday on concerns that a brusque overhaul of China&#039;s industrial sector could cause a sharp slowdown in the world&#039;s second-largest economy.</p><br clear="all"/>http://news.yahoo.com/stocks-suffer-china-seeks-reform-industry-103953678.htmlFri, 26 Jul 2013 06:39:53 -0400Associated Pressstocks-suffer-china-seeks-reform-industry-103953678<p><a href="http://news.yahoo.com/stocks-suffer-china-seeks-reform-industry-103953678.html"><img src="http://l3.yimg.com/bt/api/res/1.2/aWY7Tov5YYokVeqrtXq4Rg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/eb9343b5fdb3a718380f6a70670093b8.jpg" width="130" height="86" alt="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" align="left" title="A man walks by an electronic stock board of a securities firm in Tokyo, Friday, July 26, 2013. Japan&#039;s Nikkei 225 stock average was down 432.95 points at 14,129.98 as Asian stock markets floundered Friday. (AP Photo/Itsuo Inouye)" border="0" /></a>LONDON (AP) ? Stocks mostly dropped on Friday on concerns that a brusque overhaul of China&#039;s industrial sector could cause a sharp slowdown in the world&#039;s second-largest economy.</p><br clear="all"/><p><a href="http://news.yahoo.com/asia-stocks-flounder-china-resists-stimulus-045436180.html"><img src="http://l1.yimg.com/bt/api/res/1.2/hau1hlSDFcvUGe7y31gglA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/fb69bcbdfd96a618380f6a706700d370.jpg" width="130" height="86" alt="An investor points at the stock price monitor at a private securities company in Shanghai, China Friday July 26, 2013. Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is contributing to slowing growth in the world&#039;s No. 2 economy. (AP Photo)" align="left" title="An investor points at the stock price monitor at a private securities company in Shanghai, China Friday July 26, 2013. Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is contributing to slowing growth in the world&#039;s No. 2 economy. (AP Photo)" border="0" /></a>MANILA, Philippines (AP) ? Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world&#039;s No. 2 economy. European markets mostly posted slight gains.</p><br clear="all"/>http://news.yahoo.com/asia-stocks-flounder-china-resists-stimulus-045436180.htmlFri, 26 Jul 2013 05:22:03 -0400Associated Pressasia-stocks-flounder-china-resists-stimulus-045436180<p><a href="http://news.yahoo.com/asia-stocks-flounder-china-resists-stimulus-045436180.html"><img src="http://l1.yimg.com/bt/api/res/1.2/hau1hlSDFcvUGe7y31gglA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/fb69bcbdfd96a618380f6a706700d370.jpg" width="130" height="86" alt="An investor points at the stock price monitor at a private securities company in Shanghai, China Friday July 26, 2013. Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is contributing to slowing growth in the world&#039;s No. 2 economy. (AP Photo)" align="left" title="An investor points at the stock price monitor at a private securities company in Shanghai, China Friday July 26, 2013. Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is contributing to slowing growth in the world&#039;s No. 2 economy. (AP Photo)" border="0" /></a>MANILA, Philippines (AP) ? Asian stock markets floundered Friday as China pressed ahead with industrial restructuring that is partly to blame for slowing growth in the world&#039;s No. 2 economy. European markets mostly posted slight gains.</p><br clear="all"/><p><a href="http://news.yahoo.com/south-africa-growth-prospects-weakened-central-banks-marcus-084704602.html"><img src="http://l2.yimg.com/bt/api/res/1.2/fH_n.IRqNAk0UIxhWyVRJg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-26T084704Z_1_AJOE96P0OEI00_RTROPTP_2_OZABS-SAFRICA-CBANK-20130726.JPG" width="130" height="86" alt="South African central bank Governor Gill Marcus is seen against a partial logo of of the Reserve Bank after making an announcement in Pretoria" align="left" title="South African central bank Governor Gill Marcus is seen against a partial logo of of the Reserve Bank after making an announcement in Pretoria" border="0" /></a>PRETORIA (Reuters) - South Africa&#039;s economic growth prospects have weakened and constraints in electricity supply pose further downside risks, Reserve Bank Governor Gill Marcus said on Friday. Inflation was seen remaining within a 3-6 percent target band despite an expected temporary breach in the third quarter of this year, but was &quot;uncomfortably close&quot; to the top of the range, Marcus told the bank&#039;s annual general meeting. &quot;Against the backdrop of a volatile currency responding to domestic and global developments, we can expect a challenging year ahead for monetary policy,&quot; she added.</p><br clear="all"/>http://news.yahoo.com/south-africa-growth-prospects-weakened-central-banks-marcus-084704602.htmlFri, 26 Jul 2013 04:47:04 -0400Reuterssouth-africa-growth-prospects-weakened-central-banks-marcus-084704602<p><a href="http://news.yahoo.com/south-africa-growth-prospects-weakened-central-banks-marcus-084704602.html"><img src="http://l2.yimg.com/bt/api/res/1.2/fH_n.IRqNAk0UIxhWyVRJg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-26T084704Z_1_AJOE96P0OEI00_RTROPTP_2_OZABS-SAFRICA-CBANK-20130726.JPG" width="130" height="86" alt="South African central bank Governor Gill Marcus is seen against a partial logo of of the Reserve Bank after making an announcement in Pretoria" align="left" title="South African central bank Governor Gill Marcus is seen against a partial logo of of the Reserve Bank after making an announcement in Pretoria" border="0" /></a>PRETORIA (Reuters) - South Africa&#039;s economic growth prospects have weakened and constraints in electricity supply pose further downside risks, Reserve Bank Governor Gill Marcus said on Friday. Inflation was seen remaining within a 3-6 percent target band despite an expected temporary breach in the third quarter of this year, but was &quot;uncomfortably close&quot; to the top of the range, Marcus told the bank&#039;s annual general meeting. &quot;Against the backdrop of a volatile currency responding to domestic and global developments, we can expect a challenging year ahead for monetary policy,&quot; she added.</p><br clear="all"/>PARIS (AP) ? Air France-KLM posted further losses in the second quarter as its medium-haul and cargo operations continued to suffer from the weak economy.http://news.yahoo.com/air-france-klm-reports-further-losses-q2-083258040.htmlFri, 26 Jul 2013 04:33:36 -0400Associated Pressair-france-klm-reports-further-losses-q2-083258040<p><a href="http://news.yahoo.com/south-african-rand-steady-central-bank-could-reiterate-070420411.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wGkygRv0Hm6PXe80f.iLDg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-26T070420Z_1_AJOE96P0JNA00_RTROPTP_2_OZABS-MARKETS-SAFRICA-RAND-20130726.JPG" width="130" height="86" alt="New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg" align="left" title="New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s rand was flat against the dollar on Friday and looked to tread a narrow range in the absence of major market-moving economic data, both locally and abroad. Reserve Bank Governor Gill Marcus, in her opening address at 0800 GMT at the bank&#039;s annual general meeting, is likely to reiterate concerns about weak economic growth and upward risks to inflation from the rand&#039;s recent sharp decline. By 0648 GMT, the local currency traded at 9.7245 against the dollar, barely changed from its New York close at 9.7300 on Thursday. ...</p><br clear="all"/>http://news.yahoo.com/south-african-rand-steady-central-bank-could-reiterate-070420411.htmlFri, 26 Jul 2013 03:04:20 -0400Reuterssouth-african-rand-steady-central-bank-could-reiterate-070420411<p><a href="http://news.yahoo.com/south-african-rand-steady-central-bank-could-reiterate-070420411.html"><img src="http://l1.yimg.com/bt/api/res/1.2/wGkygRv0Hm6PXe80f.iLDg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-26T070420Z_1_AJOE96P0JNA00_RTROPTP_2_OZABS-MARKETS-SAFRICA-RAND-20130726.JPG" width="130" height="86" alt="New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg" align="left" title="New South African bank notes featuring an image of former South African President Nelson Mandela are displayed at an office in Johannesburg" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s rand was flat against the dollar on Friday and looked to tread a narrow range in the absence of major market-moving economic data, both locally and abroad. Reserve Bank Governor Gill Marcus, in her opening address at 0800 GMT at the bank&#039;s annual general meeting, is likely to reiterate concerns about weak economic growth and upward risks to inflation from the rand&#039;s recent sharp decline. By 0648 GMT, the local currency traded at 9.7245 against the dollar, barely changed from its New York close at 9.7300 on Thursday. ...</p><br clear="all"/>BANGKOK (AP) ? Oil was in a holding pattern Friday near $105 a barrel as growth in U.S. factory orders was weighed against signs China is pressing ahead with painful economic restructuring.http://news.yahoo.com/oil-holding-pattern-near-105-barrel-063031699.htmlFri, 26 Jul 2013 02:30:31 -0400Associated Pressoil-holding-pattern-near-105-barrel-063031699<p><a href="http://news.yahoo.com/african-union-urges-sudan-quickly-form-government-cabinet-061034285.html"><img src="http://l1.yimg.com/bt/api/res/1.2/2.YW0uah86_EdDr00_OMaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-26T062924Z_1_AJOE96P0I1200_RTROPTP_2_OZATP-SOUTHSUDAN-POLITICS-CABINET-20130726.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Aaron Maasho ADDIS ABABA (Reuters) - The African Union urged South Sudan&#039;s President Salva Kiir on Thursday to quickly form a new government and respect the country&#039;s diversity in doing so after Kiir sacked his cabinet amid talk of a succession struggle. Analysts say Kiir was trying to stem dissent and divisions inside his ruling Sudan People&#039;s Liberation Movement(SPLM) party over endemic corruption and an economic crisis, largely the result of disputes with Sudan that have prevented South Sudan exporting crude oil. ...</p><br clear="all"/>http://news.yahoo.com/african-union-urges-sudan-quickly-form-government-cabinet-061034285.htmlFri, 26 Jul 2013 02:10:34 -0400Reutersafrican-union-urges-sudan-quickly-form-government-cabinet-061034285<p><a href="http://news.yahoo.com/african-union-urges-sudan-quickly-form-government-cabinet-061034285.html"><img src="http://l1.yimg.com/bt/api/res/1.2/2.YW0uah86_EdDr00_OMaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-26T062924Z_1_AJOE96P0I1200_RTROPTP_2_OZATP-SOUTHSUDAN-POLITICS-CABINET-20130726.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Aaron Maasho ADDIS ABABA (Reuters) - The African Union urged South Sudan&#039;s President Salva Kiir on Thursday to quickly form a new government and respect the country&#039;s diversity in doing so after Kiir sacked his cabinet amid talk of a succession struggle. Analysts say Kiir was trying to stem dissent and divisions inside his ruling Sudan People&#039;s Liberation Movement(SPLM) party over endemic corruption and an economic crisis, largely the result of disputes with Sudan that have prevented South Sudan exporting crude oil. ...</p><br clear="all"/>BUJUMBURA (Reuters) - Burundi's tax revenue fell 20 percent in the first five months of 2013 due to an economic slowdown and a fire that destroyed a major marketplace in the capital, the finance minister said after parliament approved a revised budget on Thursday. The revised 2013 budget projects tax revenues of 547.5 billion Burundi francs, well down from an initial forecast of 621 billion francs. Burundi's government has already cuts its growth forecast for 2013 to 4.8 percent from 6. ...http://news.yahoo.com/burundi-government-revenue-tumbles-wake-market-blaze-060640308.htmlFri, 26 Jul 2013 02:06:40 -0400Reutersburundi-government-revenue-tumbles-wake-market-blaze-060640308<p><a href="http://news.yahoo.com/china-orders-production-cuts-industries-020737740.html"><img src="http://l2.yimg.com/bt/api/res/1.2/owj6.Fj_WHSruvYNd1jIcg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/2c3d8beedf699218380f6a7067002116.jpg" width="130" height="86" alt="Chinese visitors look at plastic building blocks on display for sale at the Kids Fun Expo in Beijing Thursday, July 25, 2013. A deepening slowdown is challenging Chinese leaders&#039; determination to stick with painful economic reforms they say will deliver more sustainable growth in the long run. The latest gloomy data point: A manufacturing survey released Wednesday showed this month&#039;s activity fell to an 11-month low. (AP Photo/Andy Wong)" align="left" title="Chinese visitors look at plastic building blocks on display for sale at the Kids Fun Expo in Beijing Thursday, July 25, 2013. A deepening slowdown is challenging Chinese leaders&#039; determination to stick with painful economic reforms they say will deliver more sustainable growth in the long run. The latest gloomy data point: A manufacturing survey released Wednesday showed this month&#039;s activity fell to an 11-month low. (AP Photo/Andy Wong)" border="0" /></a>BEIJING (AP) ? China&#039;s government has ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars, affirming its determination to push ahead with a painful economic restructuring despite slowing growth.</p><br clear="all"/>http://news.yahoo.com/china-orders-production-cuts-industries-020737740.htmlFri, 26 Jul 2013 01:41:38 -0400Associated Presschina-orders-production-cuts-industries-020737740<p><a href="http://news.yahoo.com/china-orders-production-cuts-industries-020737740.html"><img src="http://l2.yimg.com/bt/api/res/1.2/owj6.Fj_WHSruvYNd1jIcg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/2c3d8beedf699218380f6a7067002116.jpg" width="130" height="86" alt="Chinese visitors look at plastic building blocks on display for sale at the Kids Fun Expo in Beijing Thursday, July 25, 2013. A deepening slowdown is challenging Chinese leaders&#039; determination to stick with painful economic reforms they say will deliver more sustainable growth in the long run. The latest gloomy data point: A manufacturing survey released Wednesday showed this month&#039;s activity fell to an 11-month low. (AP Photo/Andy Wong)" align="left" title="Chinese visitors look at plastic building blocks on display for sale at the Kids Fun Expo in Beijing Thursday, July 25, 2013. A deepening slowdown is challenging Chinese leaders&#039; determination to stick with painful economic reforms they say will deliver more sustainable growth in the long run. The latest gloomy data point: A manufacturing survey released Wednesday showed this month&#039;s activity fell to an 11-month low. (AP Photo/Andy Wong)" border="0" /></a>BEIJING (AP) ? China&#039;s government has ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars, affirming its determination to push ahead with a painful economic restructuring despite slowing growth.</p><br clear="all"/>

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