Economy News Headlines - Yahoo! News

http://news.yahoo.com/economy/ Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedFri, 19 Jul 2013 17:57:15 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/ge-shares-rise-post-crisis-high-us-outlook-162844693.html"><img src="http://l.yimg.com/bt/api/res/1.2/akdcsUKqROHmZz3BqZeK.w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f1894b9c26450318380f6a7067007800.jpg" width="130" height="86" alt="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" align="left" title="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" border="0" /></a>NEW YORK (AP) ? An improving outlook for the U.S. economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008 despite modest quarterly results.</p><br clear="all"/>http://news.yahoo.com/ge-shares-rise-post-crisis-high-us-outlook-162844693.htmlFri, 19 Jul 2013 17:57:15 -0400Associated Pressge-shares-rise-post-crisis-high-us-outlook-162844693<p><a href="http://news.yahoo.com/ge-shares-rise-post-crisis-high-us-outlook-162844693.html"><img src="http://l.yimg.com/bt/api/res/1.2/akdcsUKqROHmZz3BqZeK.w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f1894b9c26450318380f6a7067007800.jpg" width="130" height="86" alt="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" align="left" title="FILE - In this Dec. 2, 2008 file photo, a General Electric (GE) sign is seen on display at Western Appliance store in Mountain View, Calif. General Electric is reporting a slight gain in net income in the second quarter and said Friday July 19, 2013 U.S. operations are picking up steam. (AP Photo/Paul Sakuma, file)" border="0" /></a>NEW YORK (AP) ? An improving outlook for the U.S. economy and signs of stabilization in Europe sent General Electric shares to their highest level since 2008 despite modest quarterly results.</p><br clear="all"/><p><a href="http://news.yahoo.com/column-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919.html"><img src="http://l.yimg.com/bt/api/res/1.2/Gc9nK41EojSx3dlWkYlGoA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T214710Z_1_CBRE96I1OIP00_RTROPTP_2_CHINA-ECONOMY-JOBS.JPG" width="130" height="86" alt="A job seeker looks at a job advertisement board at a Beijing talent service centre" align="left" title="A job seeker looks at a job advertisement board at a Beijing talent service centre" border="0" /></a>By Ian Bremmer (Reuters) - Recently, it seems no developing country is safe from sudden, unexpected protests. In Brazil and Turkey, empowered middle classes pushed back against perceived governmental injustice. Protests erupted, and leaders&#039; approval ratings dropped precipitously. In Egypt, the economic picture was as ugly as the political one, and the military&#039;s ouster of President Mursi has fomented conflict and instability. China may look like a candidate for the type of protests currently sweeping the developing world. ...</p><br clear="all"/>http://news.yahoo.com/column-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919.htmlFri, 19 Jul 2013 17:47:10 -0400Reuterscolumn-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919<p><a href="http://news.yahoo.com/column-chinas-slowing-growth-lead-unrest-ian-bremmer-214710919.html"><img src="http://l.yimg.com/bt/api/res/1.2/Gc9nK41EojSx3dlWkYlGoA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T214710Z_1_CBRE96I1OIP00_RTROPTP_2_CHINA-ECONOMY-JOBS.JPG" width="130" height="86" alt="A job seeker looks at a job advertisement board at a Beijing talent service centre" align="left" title="A job seeker looks at a job advertisement board at a Beijing talent service centre" border="0" /></a>By Ian Bremmer (Reuters) - Recently, it seems no developing country is safe from sudden, unexpected protests. In Brazil and Turkey, empowered middle classes pushed back against perceived governmental injustice. Protests erupted, and leaders&#039; approval ratings dropped precipitously. In Egypt, the economic picture was as ugly as the political one, and the military&#039;s ouster of President Mursi has fomented conflict and instability. China may look like a candidate for the type of protests currently sweeping the developing world. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/world-powers-see-irans-rouhani-chance-nuclear-deal-180030373.html"><img src="http://l2.yimg.com/bt/api/res/1.2/MjW3OhH4Z6KW0uhAZeEW7g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T205117Z_2_CBRE96I1E1300_RTROPTP_2_IRAN-ELECTION.JPG" width="130" height="86" alt="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" align="left" title="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" border="0" /></a>By Justyna Pawlak BRUSSELS (Reuters) - Six world powers see a chance that Iran&#039;s relatively moderate new president, beset by sanctions and worried about unrest in the region trickling home, may be more amenable to compromise in a long-standing nuclear dispute, a senior Western diplomat said. The powers - Russia, China, France, Britain, Germany and the United States - are hoping years of economic pressure will finally force Iran to scale back its nuclear work, which they suspect aims at allowing Tehran to make bombs. ...</p><br clear="all"/>http://news.yahoo.com/world-powers-see-irans-rouhani-chance-nuclear-deal-180030373.htmlFri, 19 Jul 2013 16:51:17 -0400Reutersworld-powers-see-irans-rouhani-chance-nuclear-deal-180030373<p><a href="http://news.yahoo.com/world-powers-see-irans-rouhani-chance-nuclear-deal-180030373.html"><img src="http://l2.yimg.com/bt/api/res/1.2/MjW3OhH4Z6KW0uhAZeEW7g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T205117Z_2_CBRE96I1E1300_RTROPTP_2_IRAN-ELECTION.JPG" width="130" height="86" alt="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" align="left" title="Iranian President-elect Hassan Rohani gestures to the media during a news conference in Tehran" border="0" /></a>By Justyna Pawlak BRUSSELS (Reuters) - Six world powers see a chance that Iran&#039;s relatively moderate new president, beset by sanctions and worried about unrest in the region trickling home, may be more amenable to compromise in a long-standing nuclear dispute, a senior Western diplomat said. The powers - Russia, China, France, Britain, Germany and the United States - are hoping years of economic pressure will finally force Iran to scale back its nuclear work, which they suspect aims at allowing Tehran to make bombs. ...</p><br clear="all"/>By Chrystia Freeland NEW YORK (Reuters) - When the financial crisis threatened to topple the global economy, my Russian friends took great delight in calling me from Moscow and sharing the bittersweet response that was making the rounds of a city that always laughs loudest when things go wrong: Everything Marx told us about communism was false, the gag went, but everything he told us about capitalism was true. In 2008, it was easy to see their point. The lopsided recovery hasn't brought much comfort, either. ...http://news.yahoo.com/retooling-capitalism-social-good-chrystia-freeland-202003345.htmlFri, 19 Jul 2013 16:20:03 -0400Reutersretooling-capitalism-social-good-chrystia-freeland-202003345<p><a href="http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.html"><img src="http://l2.yimg.com/bt/api/res/1.2/K.Gw8BWSbWxJna1pmZclqw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T185426Z_1_CBRE96I0UK800_RTROPTP_2_CZECH.JPG" width="130" height="86" alt="The logo of the GE Money Bank is seen behind a traffic light in Prague" align="left" title="The logo of the GE Money Bank is seen behind a traffic light in Prague" border="0" /></a>By Ernest Scheyder (Reuters) - General Electric Co on Friday unveiled a surprise jump in its backlog of orders for dishwashers, X-ray machines and scores of other industrial products, boosting the conglomerate&#039;s shares and stoking hopes for gains in manufacturing around the world. GE&#039;s presence in most parts of the global economy, including energy, finance, manufacturing and transportation, makes it a harbinger of macroeconomic trends. &quot;Many customers have moved from the &#039;doing your homework&#039; stage toward moving pen to paper and placing orders,&quot; said Morningstar analyst Daniel Holland. ...</p><br clear="all"/>http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.htmlFri, 19 Jul 2013 15:32:37 -0400Reutersgeneral-electric-second-quarter-profit-falls-105950403<p><a href="http://news.yahoo.com/general-electric-second-quarter-profit-falls-105950403.html"><img src="http://l2.yimg.com/bt/api/res/1.2/K.Gw8BWSbWxJna1pmZclqw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T185426Z_1_CBRE96I0UK800_RTROPTP_2_CZECH.JPG" width="130" height="86" alt="The logo of the GE Money Bank is seen behind a traffic light in Prague" align="left" title="The logo of the GE Money Bank is seen behind a traffic light in Prague" border="0" /></a>By Ernest Scheyder (Reuters) - General Electric Co on Friday unveiled a surprise jump in its backlog of orders for dishwashers, X-ray machines and scores of other industrial products, boosting the conglomerate&#039;s shares and stoking hopes for gains in manufacturing around the world. GE&#039;s presence in most parts of the global economy, including energy, finance, manufacturing and transportation, makes it a harbinger of macroeconomic trends. &quot;Many customers have moved from the &#039;doing your homework&#039; stage toward moving pen to paper and placing orders,&quot; said Morningstar analyst Daniel Holland. ...</p><br clear="all"/>ATHENS (Reuters) - Greece's second-biggest bank, Piraeus , has launched a voluntary redundancy scheme aimed at cutting around 1,500 jobs in a drive to cut costs after taking over assets from smaller rivals, a source at the bank told Reuters on Friday. "The continuing tough economic conditions ... call for the bank to adjust its operations to the situation," the bank said in a document seen by Reuters. The document also said the voluntary redundancy scheme would be open until September 2. Piraeus, which employs about 18,000 people, declined to comment. ...http://news.yahoo.com/greeces-piraeus-bank-aims-cut-around-1-500-171813438.htmlFri, 19 Jul 2013 13:18:13 -0400Reutersgreeces-piraeus-bank-aims-cut-around-1-500-171813438<p><a href="http://news.yahoo.com/biden-praise-benefits-rules-road-asia-visit-170100973.html"><img src="http://l2.yimg.com/bt/api/res/1.2/g59411wa9Ag8RiYMjgNJWQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T170100Z_1_CBRE96I1B9W00_RTROPTP_2_CNEWS-US-USA-ASIA-BIDEN.JPG" width="130" height="86" alt="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" align="left" title="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" border="0" /></a>By Roberta Rampton WASHINGTON (Reuters) - Vice President Joe Biden will press India to do more to open up trade and protect intellectual property during a trip to the Asia-Pacific region next week that will also highlight U.S. concern about aggressive Chinese navy patrols in the oil-rich South China Sea. The trip comes as Asian economies struggle to adjust to a slowdown in growth, a situation Biden said could improve if countries including India and China pursue economic reforms. ...</p><br clear="all"/>http://news.yahoo.com/biden-praise-benefits-rules-road-asia-visit-170100973.htmlFri, 19 Jul 2013 13:01:00 -0400Reutersbiden-praise-benefits-rules-road-asia-visit-170100973<p><a href="http://news.yahoo.com/biden-praise-benefits-rules-road-asia-visit-170100973.html"><img src="http://l2.yimg.com/bt/api/res/1.2/g59411wa9Ag8RiYMjgNJWQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T170100Z_1_CBRE96I1B9W00_RTROPTP_2_CNEWS-US-USA-ASIA-BIDEN.JPG" width="130" height="86" alt="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" align="left" title="Vice President Joe Biden speaks next to Chinese Vice Premier Wang Yang at the State Department in Washington" border="0" /></a>By Roberta Rampton WASHINGTON (Reuters) - Vice President Joe Biden will press India to do more to open up trade and protect intellectual property during a trip to the Asia-Pacific region next week that will also highlight U.S. concern about aggressive Chinese navy patrols in the oil-rich South China Sea. The trip comes as Asian economies struggle to adjust to a slowdown in growth, a situation Biden said could improve if countries including India and China pursue economic reforms. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/long-suffering-detroit-finally-turns-bankruptcy-065844742.html"><img src="http://l3.yimg.com/bt/api/res/1.2/O4QQnO8mMef8HiVK1KpUog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/ee4dd89c24a6fb18370f6a7067001045.jpg" width="130" height="86" alt="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" align="left" title="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>DETROIT (AP) ? At the height of its industrial power, Detroit was an irrepressible engine of the American economy, offering well-paying jobs, a gateway to the middle class for generations of autoworkers and affordable vehicles that put the world on wheels.</p><br clear="all"/>http://news.yahoo.com/long-suffering-detroit-finally-turns-bankruptcy-065844742.htmlFri, 19 Jul 2013 11:36:11 -0400Associated Presslong-suffering-detroit-finally-turns-bankruptcy-065844742<p><a href="http://news.yahoo.com/long-suffering-detroit-finally-turns-bankruptcy-065844742.html"><img src="http://l3.yimg.com/bt/api/res/1.2/O4QQnO8mMef8HiVK1KpUog--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/ee4dd89c24a6fb18370f6a7067001045.jpg" width="130" height="86" alt="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" align="left" title="The sun sets on Detroit, Thursday, July 18, 2013. State-appointed emergency manager Kevyn Orr asked a federal judge permission to place Detroit into Chapter 9 bankruptcy protection Thursday. (AP Photo/Paul Sancya)" border="0" /></a>DETROIT (AP) ? At the height of its industrial power, Detroit was an irrepressible engine of the American economy, offering well-paying jobs, a gateway to the middle class for generations of autoworkers and affordable vehicles that put the world on wheels.</p><br clear="all"/><p><a href="http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.html"><img src="http://l1.yimg.com/bt/api/res/1.2/rUo8vBlcRvXRbQa2PkyKwg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T143836Z_1_CBRE96I14OI00_RTROPTP_2_ROUTETORECOVERY.JPG" width="130" height="86" alt="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" align="left" title="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" border="0" /></a>By James B. Kelleher CHICAGO (Reuters) - Whirlpool Corp posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America. The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States. Whirlpool shares jumped 6.1 percent at $126.63 in early trading. ...</p><br clear="all"/>http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.htmlFri, 19 Jul 2013 10:38:36 -0400Reuterswhirlpool-profit-surges-sales-rebound-shares-jump-143230695<p><a href="http://news.yahoo.com/whirlpool-profit-surges-sales-rebound-shares-jump-143230695.html"><img src="http://l1.yimg.com/bt/api/res/1.2/rUo8vBlcRvXRbQa2PkyKwg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T143836Z_1_CBRE96I14OI00_RTROPTP_2_ROUTETORECOVERY.JPG" width="130" height="86" alt="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" align="left" title="A worker walks out of the Whirlpool plant at the end of his shift in Evansville" border="0" /></a>By James B. Kelleher CHICAGO (Reuters) - Whirlpool Corp posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America. The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States. Whirlpool shares jumped 6.1 percent at $126.63 in early trading. ...</p><br clear="all"/>MOSCOW (Reuters) - Following are key sections of a draft communique prepared for G20 finance ministers and central bankers meeting in Moscow, which was obtained by Reuters. 1. We the G20 Finance Ministers and Central Bank Governors, met to discuss the current global economic developments and prepare for our Leaders' summit in September. 2. Since we last met, the global outlook has somewhat weakened on account of slower growth in some large emerging market economies and the recession in the euro area. ...http://news.yahoo.com/draft-g20-finance-ministers-communique-141831630.htmlFri, 19 Jul 2013 10:18:31 -0400Reutersdraft-g20-finance-ministers-communique-141831630<p><a href="http://news.yahoo.com/china-ends-controls-bank-lending-rates-121551027.html"><img src="http://l.yimg.com/bt/api/res/1.2/pwT_XqwvZ2xPLXIVqrenHw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8083d293267e0418380f6a706700d99c.jpg" width="130" height="86" alt="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" align="left" title="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" border="0" /></a>BEIJING (AP) ? China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth.</p><br clear="all"/>http://news.yahoo.com/china-ends-controls-bank-lending-rates-121551027.htmlFri, 19 Jul 2013 08:58:45 -0400Associated Presschina-ends-controls-bank-lending-rates-121551027<p><a href="http://news.yahoo.com/china-ends-controls-bank-lending-rates-121551027.html"><img src="http://l.yimg.com/bt/api/res/1.2/pwT_XqwvZ2xPLXIVqrenHw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8083d293267e0418380f6a706700d99c.jpg" width="130" height="86" alt="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" align="left" title="FILE - In this Friday, June 7, 2013 file photo, an investor reacts as she looks at the stock price monitor at a private securities company in Shanghai, China. China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth. (AP Photo)" border="0" /></a>BEIJING (AP) ? China said Friday it is ending controls on bank lending rates in a move toward creating a market-oriented financial system to support economic growth.</p><br clear="all"/><p><a href="http://news.yahoo.com/tourists-return-greeces-summer-resorts-boost-economy-124950459.html"><img src="http://l1.yimg.com/bt/api/res/1.2/X7QCzsLGURQfoQ583R4Nbg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T124950Z_1_CBRE96I0ZN800_RTROPTP_2_GREECE.JPG" width="130" height="86" alt="Tourists take photographs at the top of the Acropolis hill in Athens" align="left" title="Tourists take photographs at the top of the Acropolis hill in Athens" border="0" /></a>By Renee Maltezou ATHENS (Reuters) - Foreign tourists are returning to Greece&#039;s sun-drenched islands and ancient temples, central bank data showed on Friday, boosting hopes that the key sector may help the crisis-hit country pull itself out of a severe economic recession. Tourism figures have clearly benefited from comparison to last year, when speculation about Greece being forced out of the euro and fears of social unrest had scared away many visitors before the peak summer holiday season. But Greece&#039;s tourist industry is taking heart from data showing a 38. ...</p><br clear="all"/>http://news.yahoo.com/tourists-return-greeces-summer-resorts-boost-economy-124950459.htmlFri, 19 Jul 2013 08:49:50 -0400Reuterstourists-return-greeces-summer-resorts-boost-economy-124950459<p><a href="http://news.yahoo.com/tourists-return-greeces-summer-resorts-boost-economy-124950459.html"><img src="http://l1.yimg.com/bt/api/res/1.2/X7QCzsLGURQfoQ583R4Nbg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T124950Z_1_CBRE96I0ZN800_RTROPTP_2_GREECE.JPG" width="130" height="86" alt="Tourists take photographs at the top of the Acropolis hill in Athens" align="left" title="Tourists take photographs at the top of the Acropolis hill in Athens" border="0" /></a>By Renee Maltezou ATHENS (Reuters) - Foreign tourists are returning to Greece&#039;s sun-drenched islands and ancient temples, central bank data showed on Friday, boosting hopes that the key sector may help the crisis-hit country pull itself out of a severe economic recession. Tourism figures have clearly benefited from comparison to last year, when speculation about Greece being forced out of the euro and fears of social unrest had scared away many visitors before the peak summer holiday season. But Greece&#039;s tourist industry is taking heart from data showing a 38. ...</p><br clear="all"/>Further signs of an improvement in the U.S. economy helped the price of oil to push above $108 a barrel on Friday and to the highest since March last year.http://news.yahoo.com/oil-above-108-us-data-points-faster-growth-060518046.htmlFri, 19 Jul 2013 08:13:31 -0400Associated Pressoil-above-108-us-data-points-faster-growth-060518046<p><a href="http://news.yahoo.com/g20-labour-finance-ministers-vow-support-jobs-115301146.html"><img src="http://l.yimg.com/bt/api/res/1.2/IqYeD_ULMJ.da6YhwS1Llg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-19T115301Z_1_AJOE96I0X0G00_RTROPTP_2_OZABS-G20-RUSSIA-JOBS-20130719.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>MOSCOW (Reuters) - Labour and finance ministers from the world&#039;s 20 biggest developing and developed economies vowed on Friday to conduct policies that will help job creation and investment by the private sector to spur global growth. The joint meeting came as Europe in particular has struggled to contain a rise in unemployment to an 11 percent rate, while the United States has recovered faster from the global economic crisis to bring jobless queues below 8 percent. ...</p><br clear="all"/>http://news.yahoo.com/g20-labour-finance-ministers-vow-support-jobs-115301146.htmlFri, 19 Jul 2013 07:53:01 -0400Reutersg20-labour-finance-ministers-vow-support-jobs-115301146<p><a href="http://news.yahoo.com/g20-labour-finance-ministers-vow-support-jobs-115301146.html"><img src="http://l.yimg.com/bt/api/res/1.2/IqYeD_ULMJ.da6YhwS1Llg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-07-19T115301Z_1_AJOE96I0X0G00_RTROPTP_2_OZABS-G20-RUSSIA-JOBS-20130719.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>MOSCOW (Reuters) - Labour and finance ministers from the world&#039;s 20 biggest developing and developed economies vowed on Friday to conduct policies that will help job creation and investment by the private sector to spur global growth. The joint meeting came as Europe in particular has struggled to contain a rise in unemployment to an 11 percent rate, while the United States has recovered faster from the global economic crisis to bring jobless queues below 8 percent. ...</p><br clear="all"/>By Elias Biryabarema KAMPALA (Reuters) - The Ugandan shilling inched up on Friday but was seen holding steady next week amid low demand. At 0841 GMT commercial banks quoted the currency of east Africa's third-largest economy at 2,580/2,590, stronger than Thursday's close of 2,585/2,595. "Next week I reckon with demand on the corporate side still weak and shilling supply also a bit tight we could see some further gains or range-bound trading," said David Bagambe, trader at Diamond Trust Bank. ...http://news.yahoo.com/ugandan-shilling-inches-may-level-off-next-week-112732172.htmlFri, 19 Jul 2013 07:27:32 -0400Reutersugandan-shilling-inches-may-level-off-next-week-112732172<p><a href="http://news.yahoo.com/g20-back-fundamental-reform-corporate-taxation-080251802.html"><img src="http://l1.yimg.com/bt/api/res/1.2/hlDFSAStupl3WE2KQzLGOw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T103019Z_3_CBRE96I0MDL00_RTROPTP_2_G20-PREVIEW.JPG" width="130" height="86" alt="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" align="left" title="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" border="0" /></a>By Tom Bergin and Maya Dyakina LONDON/MOSCOW (Reuters) - The G20 backed a &quot;fundamental&quot; rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes. The group of leading economies released an action plan drawn up by the Organisation for Economic Co-operation and Development (OECD) that said the existing system didn&#039;t work, especially when it came to taxing companies that trade online. ...</p><br clear="all"/>http://news.yahoo.com/g20-back-fundamental-reform-corporate-taxation-080251802.htmlFri, 19 Jul 2013 06:30:19 -0400Reutersg20-back-fundamental-reform-corporate-taxation-080251802<p><a href="http://news.yahoo.com/g20-back-fundamental-reform-corporate-taxation-080251802.html"><img src="http://l1.yimg.com/bt/api/res/1.2/hlDFSAStupl3WE2KQzLGOw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T103019Z_3_CBRE96I0MDL00_RTROPTP_2_G20-PREVIEW.JPG" width="130" height="86" alt="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" align="left" title="A general view is seen of the Manezh Exhibition Center, venue for this week&#039;s meeting of G20 Finance Ministers, in Moscow" border="0" /></a>By Tom Bergin and Maya Dyakina LONDON/MOSCOW (Reuters) - The G20 backed a &quot;fundamental&quot; rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes. The group of leading economies released an action plan drawn up by the Organisation for Economic Co-operation and Development (OECD) that said the existing system didn&#039;t work, especially when it came to taxing companies that trade online. ...</p><br clear="all"/>MANILA, Philippines (AP) ? Disappointing earnings from two U.S. technology giants sent world stock markets lower Friday while doubts about growth prospects for China and Japan offset better U.S. economic news.http://news.yahoo.com/tech-earnings-dent-world-stock-markets-091307483.htmlFri, 19 Jul 2013 05:13:07 -0400Associated Presstech-earnings-dent-world-stock-markets-091307483<p><a href="http://news.yahoo.com/vodafone-sees-no-let-european-woes-085330544.html"><img src="http://l1.yimg.com/bt/api/res/1.2/GVaP0PB5YJoqb90ovk7YaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T085330Z_1_CBRE96I0OPI00_RTROPTP_2_CTECH-US-VODAFONE-RESULTS.JPG" width="130" height="86" alt="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" align="left" title="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" border="0" /></a>By Kate Holton LONDON (Reuters) - Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world&#039;s second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe. The British group, which has been battling regulator-ordered price cuts, economic pressures and competition throughout its European markets, said on Friday it expected the next three months to follow broadly the same trends after reporting yet another sharp drop in its key revenue measurement. ...</p><br clear="all"/>http://news.yahoo.com/vodafone-sees-no-let-european-woes-085330544.htmlFri, 19 Jul 2013 04:53:30 -0400Reutersvodafone-sees-no-let-european-woes-085330544<p><a href="http://news.yahoo.com/vodafone-sees-no-let-european-woes-085330544.html"><img src="http://l1.yimg.com/bt/api/res/1.2/GVaP0PB5YJoqb90ovk7YaQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T085330Z_1_CBRE96I0OPI00_RTROPTP_2_CTECH-US-VODAFONE-RESULTS.JPG" width="130" height="86" alt="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" align="left" title="A woman walks past the logo of Vodafone company in Luxembourg in this picture taken on November 20, 2012. REUTERS/Francois Lenoir" border="0" /></a>By Kate Holton LONDON (Reuters) - Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world&#039;s second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe. The British group, which has been battling regulator-ordered price cuts, economic pressures and competition throughout its European markets, said on Friday it expected the next three months to follow broadly the same trends after reporting yet another sharp drop in its key revenue measurement. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/government-says-olympics-paid-off-economic-boost-051743566.html"><img src="http://l2.yimg.com/bt/api/res/1.2/ai3nKIlXB8VldqyIk0vvzw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T075155Z_1_CBRE96I0LUL00_RTROPTP_2_OLYMPICS-BRITAIN-ECONOMY.JPG" width="130" height="86" alt="File photograph shows fireworks exploding over the Olympic Stadium during the closing ceremony of the London 2012 Paralympic Games" align="left" title="File photograph shows fireworks exploding over the Olympic Stadium during the closing ceremony of the London 2012 Paralympic Games" border="0" /></a>By Keith Weir LONDON (Reuters) - The economic benefits of hosting the Olympics in London already outweigh the nine billion pounds of public money spent on the Games, the government said on Friday. A year on, the Games remain a fond memory for most Britons who recall the triumphs of runner Mo Farah and cyclist Chris Hoy but have gone back to their daily routines in a country where the economy is showing signs of life after a long stagnation. Keen to show that the London 2012 Games had a lasting impact, the government said it calculated Britain had enjoyed a 9. ...</p><br clear="all"/>http://news.yahoo.com/government-says-olympics-paid-off-economic-boost-051743566.htmlFri, 19 Jul 2013 03:51:55 -0400Reutersgovernment-says-olympics-paid-off-economic-boost-051743566<p><a href="http://news.yahoo.com/government-says-olympics-paid-off-economic-boost-051743566.html"><img src="http://l2.yimg.com/bt/api/res/1.2/ai3nKIlXB8VldqyIk0vvzw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T075155Z_1_CBRE96I0LUL00_RTROPTP_2_OLYMPICS-BRITAIN-ECONOMY.JPG" width="130" height="86" alt="File photograph shows fireworks exploding over the Olympic Stadium during the closing ceremony of the London 2012 Paralympic Games" align="left" title="File photograph shows fireworks exploding over the Olympic Stadium during the closing ceremony of the London 2012 Paralympic Games" border="0" /></a>By Keith Weir LONDON (Reuters) - The economic benefits of hosting the Olympics in London already outweigh the nine billion pounds of public money spent on the Games, the government said on Friday. A year on, the Games remain a fond memory for most Britons who recall the triumphs of runner Mo Farah and cyclist Chris Hoy but have gone back to their daily routines in a country where the economy is showing signs of life after a long stagnation. Keen to show that the London 2012 Games had a lasting impact, the government said it calculated Britain had enjoyed a 9. ...</p><br clear="all"/>(Reuters) - For decades, sizeable bankruptcies have been rare in the $3.7 trillion municipal bond market, but experts say there might be an uptick as counties, cities and towns wrestle with economic recession and stubbornly rising costs. Until Detroit filed its landmark case on Thursday, there had been four Chapter 9 municipal bankruptcy filings so far this year, compared with 12 in all of 2012 and 13 during 2011, according to James Spiotto, partner at Chapman and Cutler LLP. The four this year were special-purpose districts in Oklahoma and Arkansas. ...http://news.yahoo.com/factbox-recent-u-municipal-bankruptcies-065725052.htmlFri, 19 Jul 2013 02:57:25 -0400Reutersfactbox-recent-u-municipal-bankruptcies-065725052<p><a href="http://news.yahoo.com/pakistan-government-vows-rescue-ailing-power-sector-061924904.html"><img src="http://l2.yimg.com/bt/api/res/1.2/8hReJmKdwxQRccirI2x2fQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T061924Z_1_CBRE96I0HKH00_RTROPTP_2_US-PAKISTAN-ENERGY.JPG" width="130" height="86" alt="Pakistan&#039;s Water and Power Minister Khawaja Asif stands up after an interview with Reuters at his office in Islamabad July 18, 2013.PAKISTAN-ENERGY/ REUTERS/Mian Khursheed" align="left" title="Pakistan&#039;s Water and Power Minister Khawaja Asif stands up after an interview with Reuters at his office in Islamabad July 18, 2013.PAKISTAN-ENERGY/ REUTERS/Mian Khursheed" border="0" /></a>By Mehreen Zahra-Malik and Maria Golovnina ISLAMABAD (Reuters) - Pakistan&#039;s new energy minister promised on Thursday to fix the country&#039;s ailing energy sector in three years, laying out an ambitious plan to tackle crippling power shortages that have devastated the economy and sparked violent protests. Blackouts lasting more than half a day in some areas have infuriated many Pakistanis in this nuclear-armed nation of 180 million people, prompting the new prime minister, Nawaz Sharif, to declare tackling the crisis one of his top priorities. ...</p><br clear="all"/>http://news.yahoo.com/pakistan-government-vows-rescue-ailing-power-sector-061924904.htmlFri, 19 Jul 2013 02:19:24 -0400Reuterspakistan-government-vows-rescue-ailing-power-sector-061924904<p><a href="http://news.yahoo.com/pakistan-government-vows-rescue-ailing-power-sector-061924904.html"><img src="http://l2.yimg.com/bt/api/res/1.2/8hReJmKdwxQRccirI2x2fQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T061924Z_1_CBRE96I0HKH00_RTROPTP_2_US-PAKISTAN-ENERGY.JPG" width="130" height="86" alt="Pakistan&#039;s Water and Power Minister Khawaja Asif stands up after an interview with Reuters at his office in Islamabad July 18, 2013.PAKISTAN-ENERGY/ REUTERS/Mian Khursheed" align="left" title="Pakistan&#039;s Water and Power Minister Khawaja Asif stands up after an interview with Reuters at his office in Islamabad July 18, 2013.PAKISTAN-ENERGY/ REUTERS/Mian Khursheed" border="0" /></a>By Mehreen Zahra-Malik and Maria Golovnina ISLAMABAD (Reuters) - Pakistan&#039;s new energy minister promised on Thursday to fix the country&#039;s ailing energy sector in three years, laying out an ambitious plan to tackle crippling power shortages that have devastated the economy and sparked violent protests. Blackouts lasting more than half a day in some areas have infuriated many Pakistanis in this nuclear-armed nation of 180 million people, prompting the new prime minister, Nawaz Sharif, to declare tackling the crisis one of his top priorities. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/asian-stocks-mostly-down-funds-shift-us-034824623.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vB9tGwejcKUMzSvk1vN_XA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/03b33c4a06a1e818370f6a7067007897.jpg" width="130" height="86" alt="An investor gestures at a private securities company in Shanghai, China, Thursday, July 18, 2013. Asian stocks were mostly higher Thursday, tracking overnight gains in Europe and Wall Street after U.S. Federal Reserve chairman Ben Bernanke&#039;s suggested stimulus policies may continue for longer than expected. (AP Photo)" align="left" title="An investor gestures at a private securities company in Shanghai, China, Thursday, July 18, 2013. Asian stocks were mostly higher Thursday, tracking overnight gains in Europe and Wall Street after U.S. Federal Reserve chairman Ben Bernanke&#039;s suggested stimulus policies may continue for longer than expected. (AP Photo)" border="0" /></a>MANILA, Philippines (AP) ? Asian stock markets were mostly down Friday after disappointing earnings from two U.S. technology giants and as fund managers shift money from Asia to the U.S. amid concerns that growth is slowing in China while Japan&#039;s economic reforms may be losing steam.</p><br clear="all"/>http://news.yahoo.com/asian-stocks-mostly-down-funds-shift-us-034824623.htmlFri, 19 Jul 2013 01:31:12 -0400Associated Pressasian-stocks-mostly-down-funds-shift-us-034824623<p><a href="http://news.yahoo.com/asian-stocks-mostly-down-funds-shift-us-034824623.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vB9tGwejcKUMzSvk1vN_XA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/03b33c4a06a1e818370f6a7067007897.jpg" width="130" height="86" alt="An investor gestures at a private securities company in Shanghai, China, Thursday, July 18, 2013. Asian stocks were mostly higher Thursday, tracking overnight gains in Europe and Wall Street after U.S. Federal Reserve chairman Ben Bernanke&#039;s suggested stimulus policies may continue for longer than expected. (AP Photo)" align="left" title="An investor gestures at a private securities company in Shanghai, China, Thursday, July 18, 2013. Asian stocks were mostly higher Thursday, tracking overnight gains in Europe and Wall Street after U.S. Federal Reserve chairman Ben Bernanke&#039;s suggested stimulus policies may continue for longer than expected. (AP Photo)" border="0" /></a>MANILA, Philippines (AP) ? Asian stock markets were mostly down Friday after disappointing earnings from two U.S. technology giants and as fund managers shift money from Asia to the U.S. amid concerns that growth is slowing in China while Japan&#039;s economic reforms may be losing steam.</p><br clear="all"/><p><a href="http://news.yahoo.com/china-u-companies-great-hope-now-drag-051448779.html"><img src="http://l2.yimg.com/bt/api/res/1.2/tJJhpJRLhjv9O3kFUkZeqA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T051448Z_1_CBRE96I0EL800_RTROPTP_2_US-USA-EARNINGS-CHINA.JPG" width="130" height="86" alt="Buildings are seen in Beijing&#039;s central business district, July 11, 2013.REUTERS/Jason Lee" align="left" title="Buildings are seen in Beijing&#039;s central business district, July 11, 2013.REUTERS/Jason Lee" border="0" /></a>By Angela Moon NEW YORK (Reuters) - It&#039;s official. China&#039;s slowdown is starting to hurt corporate America. As the world&#039;s second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest U.S. companies. But a country that once boasted double-digit growth is now growing at a more modest 7.5 percent rate, its credit markets are overheated and fears of a housing bubble remain. The slowing has occurred as major U.S. names garner more revenue from Asia. ...</p><br clear="all"/>http://news.yahoo.com/china-u-companies-great-hope-now-drag-051448779.htmlFri, 19 Jul 2013 01:14:48 -0400Reuterschina-u-companies-great-hope-now-drag-051448779<p><a href="http://news.yahoo.com/china-u-companies-great-hope-now-drag-051448779.html"><img src="http://l2.yimg.com/bt/api/res/1.2/tJJhpJRLhjv9O3kFUkZeqA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T051448Z_1_CBRE96I0EL800_RTROPTP_2_US-USA-EARNINGS-CHINA.JPG" width="130" height="86" alt="Buildings are seen in Beijing&#039;s central business district, July 11, 2013.REUTERS/Jason Lee" align="left" title="Buildings are seen in Beijing&#039;s central business district, July 11, 2013.REUTERS/Jason Lee" border="0" /></a>By Angela Moon NEW YORK (Reuters) - It&#039;s official. China&#039;s slowdown is starting to hurt corporate America. As the world&#039;s second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest U.S. companies. But a country that once boasted double-digit growth is now growing at a more modest 7.5 percent rate, its credit markets are overheated and fears of a housing bubble remain. The slowing has occurred as major U.S. names garner more revenue from Asia. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/insight-aussie-bank-surfs-u-energy-wave-wall-001512550.html"><img src="http://l.yimg.com/bt/api/res/1.2/1B3KiR2_VJ3w5_Uj.sptbA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T001512Z_1_CBRE96I00PR00_RTROPTP_2_MACQUARIE-COMMODITIES-PROFILE.JPG" width="130" height="86" alt="The Aframax tanker &#039;The Everglades&#039; makes a call at the Sunoco Logistics terminal in Nederland, Texas" align="left" title="The Aframax tanker &#039;The Everglades&#039; makes a call at the Sunoco Logistics terminal in Nederland, Texas" border="0" /></a>By Cezary Podkul NEW YORK (Reuters) - An Australian bank is quietly beating Wall Street&#039;s powerhouses in a game they have long dominated: trading in the staples of the world economy. Sydney-based Macquarie Group earned about $720 million trading commodities in the financial year to March, for the first time exceeding onetime standard-bearer Goldman Sachs Group Inc, which reported $575 million in revenue in 2012, the firms&#039; filings show. ...</p><br clear="all"/>http://news.yahoo.com/insight-aussie-bank-surfs-u-energy-wave-wall-001512550.htmlThu, 18 Jul 2013 20:15:12 -0400Reutersinsight-aussie-bank-surfs-u-energy-wave-wall-001512550<p><a href="http://news.yahoo.com/insight-aussie-bank-surfs-u-energy-wave-wall-001512550.html"><img src="http://l.yimg.com/bt/api/res/1.2/1B3KiR2_VJ3w5_Uj.sptbA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-19T001512Z_1_CBRE96I00PR00_RTROPTP_2_MACQUARIE-COMMODITIES-PROFILE.JPG" width="130" height="86" alt="The Aframax tanker &#039;The Everglades&#039; makes a call at the Sunoco Logistics terminal in Nederland, Texas" align="left" title="The Aframax tanker &#039;The Everglades&#039; makes a call at the Sunoco Logistics terminal in Nederland, Texas" border="0" /></a>By Cezary Podkul NEW YORK (Reuters) - An Australian bank is quietly beating Wall Street&#039;s powerhouses in a game they have long dominated: trading in the staples of the world economy. Sydney-based Macquarie Group earned about $720 million trading commodities in the financial year to March, for the first time exceeding onetime standard-bearer Goldman Sachs Group Inc, which reported $575 million in revenue in 2012, the firms&#039; filings show. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/britain-says-olympics-paid-off-economic-boost-230540152.html"><img src="http://l2.yimg.com/bt/api/res/1.2/DIztZ_a8E5agxoNtD2RsUw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-18T230540Z_1_CBRE96H1S5K00_RTROPTP_2_CSPORTS-US-OLYMPICS-BRITAIN-ECONOMY.JPG" width="130" height="86" alt="The full moon rises through the Olympic Rings hanging beneath Tower Bridge during the London 2012 Olympic Games" align="left" title="The full moon rises through the Olympic Rings hanging beneath Tower Bridge during the London 2012 Olympic Games" border="0" /></a>By Keith Weir LONDON (Reuters) - The economic benefits of hosting the Olympics in London already outweigh the nine billion pounds ($13.7 billion) of public money spent on the Games, the British government said on Friday. A year on, the Games remain a fond memory for most Britons who recall the triumphs of runner Mo Farah and cyclist Chris Hoy but have gone back to their daily routines in a country where the economy is showing signs of life after a long stagnation. Keen to show that the London 2012 Games had a lasting impact, the government said it calculated Britain had enjoyed a 9. ...</p><br clear="all"/>http://news.yahoo.com/britain-says-olympics-paid-off-economic-boost-230540152.htmlThu, 18 Jul 2013 19:34:02 -0400Reutersbritain-says-olympics-paid-off-economic-boost-230540152<p><a href="http://news.yahoo.com/britain-says-olympics-paid-off-economic-boost-230540152.html"><img src="http://l2.yimg.com/bt/api/res/1.2/DIztZ_a8E5agxoNtD2RsUw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-18T230540Z_1_CBRE96H1S5K00_RTROPTP_2_CSPORTS-US-OLYMPICS-BRITAIN-ECONOMY.JPG" width="130" height="86" alt="The full moon rises through the Olympic Rings hanging beneath Tower Bridge during the London 2012 Olympic Games" align="left" title="The full moon rises through the Olympic Rings hanging beneath Tower Bridge during the London 2012 Olympic Games" border="0" /></a>By Keith Weir LONDON (Reuters) - The economic benefits of hosting the Olympics in London already outweigh the nine billion pounds ($13.7 billion) of public money spent on the Games, the British government said on Friday. A year on, the Games remain a fond memory for most Britons who recall the triumphs of runner Mo Farah and cyclist Chris Hoy but have gone back to their daily routines in a country where the economy is showing signs of life after a long stagnation. Keen to show that the London 2012 Games had a lasting impact, the government said it calculated Britain had enjoyed a 9. ...</p><br clear="all"/>

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