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 reservedThu, 27 Jun 2013 04:34:35 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/uk-double-dip-recession-revised-away-picture-still-083435051.html"><img src="http://l2.yimg.com/bt/api/res/1.2/HettVV_tHyxysqqKPGJ1Jg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T083435Z_1_CBRE95Q0NTW00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="A worker walks through the new Sainsbury&#039;s distribution centre at Thameside in east London" align="left" title="A worker walks through the new Sainsbury&#039;s distribution centre at Thameside in east London" border="0" /></a>LONDON (Reuters) - Britain&#039;s economy did not suffer a double-dip recession after all, but its recession immediately after the financial crisis was deeper than previously thought. Revised data showed that Britain&#039;s economy did not shrink in the first three months of 2012, and output was instead flat, the Office for National Statistics said following a major annual revision of Britain&#039;s economic data. ...</p><br clear="all"/>http://news.yahoo.com/uk-double-dip-recession-revised-away-picture-still-083435051.htmlThu, 27 Jun 2013 04:34:35 -0400Reutersuk-double-dip-recession-revised-away-picture-still-083435051<p><a href="http://news.yahoo.com/uk-double-dip-recession-revised-away-picture-still-083435051.html"><img src="http://l2.yimg.com/bt/api/res/1.2/HettVV_tHyxysqqKPGJ1Jg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T083435Z_1_CBRE95Q0NTW00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="A worker walks through the new Sainsbury&#039;s distribution centre at Thameside in east London" align="left" title="A worker walks through the new Sainsbury&#039;s distribution centre at Thameside in east London" border="0" /></a>LONDON (Reuters) - Britain&#039;s economy did not suffer a double-dip recession after all, but its recession immediately after the financial crisis was deeper than previously thought. Revised data showed that Britain&#039;s economy did not shrink in the first three months of 2012, and output was instead flat, the Office for National Statistics said following a major annual revision of Britain&#039;s economic data. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/queen-scores-record-profit-booming-london-property-081137029.html"><img src="http://l2.yimg.com/bt/api/res/1.2/t3M.RKQVmh.HSOHzSfbbTA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T230550Z_1_CBRE95P1S5T00_RTROPTP_2_HORSERACING-ASCOT.JPG" width="130" height="86" alt="Britain&#039;s Queen Elizabeth arrives on the fifth day of the Royal Ascot horse racing festival at Ascot" align="left" title="Britain&#039;s Queen Elizabeth arrives on the fifth day of the Royal Ascot horse racing festival at Ascot" border="0" /></a>LONDON (Reuters) - The Crown Estate - owned by Queen Elizabeth - on Thursday said it made record profit in the year to March, thanks to the strong performance of its central London properties. Crown Estate&#039;s 5.2 percent rise in profits to 252.6 million pounds gives the queen a 38 million pounds 2014/15 payout, pegged at 15 percent of the total by a 2012 law designed to link her income to the UK&#039;s economic health. The rest of the profits go to Britain&#039;s Treasury or finance ministry. Chancellor George Osborne on Wednesday detailed 11.5 billion pounds of spending cuts. ...</p><br clear="all"/>http://news.yahoo.com/queen-scores-record-profit-booming-london-property-081137029.htmlThu, 27 Jun 2013 04:11:37 -0400Reutersqueen-scores-record-profit-booming-london-property-081137029<p><a href="http://news.yahoo.com/queen-scores-record-profit-booming-london-property-081137029.html"><img src="http://l2.yimg.com/bt/api/res/1.2/t3M.RKQVmh.HSOHzSfbbTA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T230550Z_1_CBRE95P1S5T00_RTROPTP_2_HORSERACING-ASCOT.JPG" width="130" height="86" alt="Britain&#039;s Queen Elizabeth arrives on the fifth day of the Royal Ascot horse racing festival at Ascot" align="left" title="Britain&#039;s Queen Elizabeth arrives on the fifth day of the Royal Ascot horse racing festival at Ascot" border="0" /></a>LONDON (Reuters) - The Crown Estate - owned by Queen Elizabeth - on Thursday said it made record profit in the year to March, thanks to the strong performance of its central London properties. Crown Estate&#039;s 5.2 percent rise in profits to 252.6 million pounds gives the queen a 38 million pounds 2014/15 payout, pegged at 15 percent of the total by a 2012 law designed to link her income to the UK&#039;s economic health. The rest of the profits go to Britain&#039;s Treasury or finance ministry. Chancellor George Osborne on Wednesday detailed 11.5 billion pounds of spending cuts. ...</p><br clear="all"/>By Axel Bugge and Andrei Khalip LISBON (Reuters) - Portuguese trade unions staged a one-day general strike on Thursday against relentless austerity which has deepened the worst economic slump since the 1970s, but support outside the public transport sector was patchy and the government seemed unlikely to back down. Previous strikes and protests about the tough terms of Portugal's 78 billion euro ($100 billion) bailout by the European Union and IMF in 2011 have been largely non-violent, unlike unrest in Greece or more recently Brazil and Turkey. ...http://news.yahoo.com/portuguese-general-strike-halt-public-transport-074603485.htmlThu, 27 Jun 2013 04:01:50 -0400Reutersportuguese-general-strike-halt-public-transport-074603485By Matt Scuffham LONDON (Reuters) - The Office of Fair Trading has asked for a review into competition among payday lenders, after finding evidence a lack of choice means firms are profiting from loans that can't be paid back on time. Payday lenders offer short-term loans, which are intended to be paid back when borrowers receive their wages. But critics say they charge excessively high interest rates and take advantage of the vulnerable in a weak British economy where mainstream banks have cut back on short-term consumer lending. ...http://news.yahoo.com/office-fair-trading-orders-review-payday-lenders-062653169.htmlThu, 27 Jun 2013 03:42:21 -0400Reutersoffice-fair-trading-orders-review-payday-lenders-062653169<p><a href="http://news.yahoo.com/analysis-big-poll-win-japan-pm-abes-party-072023942.html"><img src="http://l3.yimg.com/bt/api/res/1.2/uGuR8CKWWGlLjOmbk7jq.Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T072023Z_1_CBRE95Q0KE500_RTROPTP_2_JAPAN-POLITICS.JPG" width="130" height="86" alt="Japan&#039;s Prime Minister Abe is seen between photographers as he poses for a photograph at the start of a news conference at his official residence in Tokyo" align="left" title="Japan&#039;s Prime Minister Abe is seen between photographers as he poses for a photograph at the start of a news conference at his official residence in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Will the real Shinzo Abe please stand up? Abe, back as Japan&#039;s premier in a rare second term, is expected to lead his ruling bloc to victory in a July upper house election, but what he will do with the mandate is a puzzle. Pessimists fear too decisive a win will weaken commitment to reforms needed to end the stagnation that has long plagued the economy. The risks are twofold. ...</p><br clear="all"/>http://news.yahoo.com/analysis-big-poll-win-japan-pm-abes-party-072023942.htmlThu, 27 Jun 2013 03:20:23 -0400Reutersanalysis-big-poll-win-japan-pm-abes-party-072023942<p><a href="http://news.yahoo.com/analysis-big-poll-win-japan-pm-abes-party-072023942.html"><img src="http://l3.yimg.com/bt/api/res/1.2/uGuR8CKWWGlLjOmbk7jq.Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T072023Z_1_CBRE95Q0KE500_RTROPTP_2_JAPAN-POLITICS.JPG" width="130" height="86" alt="Japan&#039;s Prime Minister Abe is seen between photographers as he poses for a photograph at the start of a news conference at his official residence in Tokyo" align="left" title="Japan&#039;s Prime Minister Abe is seen between photographers as he poses for a photograph at the start of a news conference at his official residence in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Will the real Shinzo Abe please stand up? Abe, back as Japan&#039;s premier in a rare second term, is expected to lead his ruling bloc to victory in a July upper house election, but what he will do with the mandate is a puzzle. Pessimists fear too decisive a win will weaken commitment to reforms needed to end the stagnation that has long plagued the economy. The risks are twofold. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/brent-rises-above-102-us-stimulus-worries-ease-070829362.html"><img src="http://l1.yimg.com/bt/api/res/1.2/41v.DEOno7ilmth87irAFA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-27T070829Z_1_AJOE95Q0JU800_RTROPTP_2_OZABS-MARKETS-OIL-20130627.JPG" width="130" height="86" alt="A worker fills the tank of a car at a petrol station in Cairo" align="left" title="A worker fills the tank of a car at a petrol station in Cairo" border="0" /></a>By Luke Pachymuthu SINGAPORE (Reuters) - Brent crude rose for a fourth session in a row on Thursday to trade above $102 a barrel as weak U.S. economic data eased concerns the U.S. Federal Reserve will soon reduce its monetary stimulus, underpinning commodities. Brent crude for August delivery rose 53 cents to $102.19 a barrel by 0424 GMT, after settling 40 cents higher at $101.66 a barrel in the previous session. U.S. crude was up 38 cents at $95.88 a barrel. The U.S. government on Wednesday slashed its estimate of first-quarter economic growth to a 1. ...</p><br clear="all"/>http://news.yahoo.com/brent-rises-above-102-us-stimulus-worries-ease-070829362.htmlThu, 27 Jun 2013 03:08:29 -0400Reutersbrent-rises-above-102-us-stimulus-worries-ease-070829362<p><a href="http://news.yahoo.com/brent-rises-above-102-us-stimulus-worries-ease-070829362.html"><img src="http://l1.yimg.com/bt/api/res/1.2/41v.DEOno7ilmth87irAFA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-27T070829Z_1_AJOE95Q0JU800_RTROPTP_2_OZABS-MARKETS-OIL-20130627.JPG" width="130" height="86" alt="A worker fills the tank of a car at a petrol station in Cairo" align="left" title="A worker fills the tank of a car at a petrol station in Cairo" border="0" /></a>By Luke Pachymuthu SINGAPORE (Reuters) - Brent crude rose for a fourth session in a row on Thursday to trade above $102 a barrel as weak U.S. economic data eased concerns the U.S. Federal Reserve will soon reduce its monetary stimulus, underpinning commodities. Brent crude for August delivery rose 53 cents to $102.19 a barrel by 0424 GMT, after settling 40 cents higher at $101.66 a barrel in the previous session. U.S. crude was up 38 cents at $95.88 a barrel. The U.S. government on Wednesday slashed its estimate of first-quarter economic growth to a 1. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/gold-gains-1-pct-sharp-slide-us-gdp-070711733.html"><img src="http://l.yimg.com/bt/api/res/1.2/_8K9NBhHlfBatdCZwlb0TA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-27T070711Z_1_AJOE95Q0JS100_RTROPTP_2_OZABS-MARKETS-PRECIOUS-20130627.JPG" width="130" height="86" alt="An employee of Tanaka Kikinzoku Jewerly K.K. displays a gold bar at the company&#039;s store in Tokyo" align="left" title="An employee of Tanaka Kikinzoku Jewerly K.K. displays a gold bar at the company&#039;s store in Tokyo" border="0" /></a>By A. Ananthalakshmi SINGAPORE (Reuters) - Gold edged higher on Thursday after tumbling 12 percent over the past 8 sessions, as soft data on U.S. economic growth eased fears of a quick end to the Federal Reserve&#039;s monetary stimulus. Bullion was still not far off Wednesday&#039;s near three-year low, with its safe-haven appeal severely dented since Fed Chairman Ben Bernanke laid out a strategy last week to wind down the central bank&#039;s $85 billion monthly bond purchases over the next few months. &quot;Investor sentiment is still quite sour right now,&quot; said a trader in Hong Kong. ...</p><br clear="all"/>http://news.yahoo.com/gold-gains-1-pct-sharp-slide-us-gdp-070711733.htmlThu, 27 Jun 2013 03:07:11 -0400Reutersgold-gains-1-pct-sharp-slide-us-gdp-070711733<p><a href="http://news.yahoo.com/gold-gains-1-pct-sharp-slide-us-gdp-070711733.html"><img src="http://l.yimg.com/bt/api/res/1.2/_8K9NBhHlfBatdCZwlb0TA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-27T070711Z_1_AJOE95Q0JS100_RTROPTP_2_OZABS-MARKETS-PRECIOUS-20130627.JPG" width="130" height="86" alt="An employee of Tanaka Kikinzoku Jewerly K.K. displays a gold bar at the company&#039;s store in Tokyo" align="left" title="An employee of Tanaka Kikinzoku Jewerly K.K. displays a gold bar at the company&#039;s store in Tokyo" border="0" /></a>By A. Ananthalakshmi SINGAPORE (Reuters) - Gold edged higher on Thursday after tumbling 12 percent over the past 8 sessions, as soft data on U.S. economic growth eased fears of a quick end to the Federal Reserve&#039;s monetary stimulus. Bullion was still not far off Wednesday&#039;s near three-year low, with its safe-haven appeal severely dented since Fed Chairman Ben Bernanke laid out a strategy last week to wind down the central bank&#039;s $85 billion monthly bond purchases over the next few months. &quot;Investor sentiment is still quite sour right now,&quot; said a trader in Hong Kong. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/south-africas-rand-slightly-firmer-ahead-ppi-data-070428847.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dTjdebCqzE_yn.TUgJT_oA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-27T070428Z_1_AJOE95Q0JNI00_RTROPTP_2_OZABS-MARKETS-SAFRICA-RAND-20130627.JPG" width="130" height="86" alt="A worker shows his payment outside the Moses Mabhida stadium in Durban" align="left" title="A worker shows his payment outside the Moses Mabhida stadium in Durban" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s rand was firmer in early trade on Thursday, supported by the short-term flows ahead of the end of the financial quarter, but traders said the underlying sentiment remained bearish. The rand was at 10.0583 against the dollar at 0652 GMT, 0.6 percent stronger than its New York close of 10.12 overnight. The highlights of the day for traders will be the May producer price inflation data and the results of the inflation expectation survey from the Bureau for Economic Research. ...</p><br clear="all"/>http://news.yahoo.com/south-africas-rand-slightly-firmer-ahead-ppi-data-070428847.htmlThu, 27 Jun 2013 03:04:28 -0400Reuterssouth-africas-rand-slightly-firmer-ahead-ppi-data-070428847<p><a href="http://news.yahoo.com/south-africas-rand-slightly-firmer-ahead-ppi-data-070428847.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dTjdebCqzE_yn.TUgJT_oA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-27T070428Z_1_AJOE95Q0JNI00_RTROPTP_2_OZABS-MARKETS-SAFRICA-RAND-20130627.JPG" width="130" height="86" alt="A worker shows his payment outside the Moses Mabhida stadium in Durban" align="left" title="A worker shows his payment outside the Moses Mabhida stadium in Durban" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s rand was firmer in early trade on Thursday, supported by the short-term flows ahead of the end of the financial quarter, but traders said the underlying sentiment remained bearish. The rand was at 10.0583 against the dollar at 0652 GMT, 0.6 percent stronger than its New York close of 10.12 overnight. The highlights of the day for traders will be the May producer price inflation data and the results of the inflation expectation survey from the Bureau for Economic Research. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/rudd-sworn-australian-prime-minister-overthrowing-gillard-002212453.html"><img src="http://l3.yimg.com/bt/api/res/1.2/zmwu.bUh5_8h0ppeaC9sbQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T065051Z_3_CBRE95Q011700_RTROPTP_2_AUSTRALIA-POLITICS-RUDD.JPG" width="130" height="86" alt="Australia&#039;s former prime minister Rudd speaks to media at Parliament House in Canberra" align="left" title="Australia&#039;s former prime minister Rudd speaks to media at Parliament House in Canberra" border="0" /></a>By James Grubel CANBERRA (Reuters) - Kevin Rudd was sworn in as Australian prime minister for the second time on Thursday, a day after toppling Julia Gillard and three months ahead of elections in which opinion polls show the ruling Labor Party faces a devastating defeat. Rudd&#039;s return as prime minister follows three years of squabbling within the Labor leadership and as the world&#039;s 12th largest economy faces challenges stemming from a slowdown in top trade partner China. ...</p><br clear="all"/>http://news.yahoo.com/rudd-sworn-australian-prime-minister-overthrowing-gillard-002212453.htmlThu, 27 Jun 2013 02:50:51 -0400Reutersrudd-sworn-australian-prime-minister-overthrowing-gillard-002212453<p><a href="http://news.yahoo.com/rudd-sworn-australian-prime-minister-overthrowing-gillard-002212453.html"><img src="http://l3.yimg.com/bt/api/res/1.2/zmwu.bUh5_8h0ppeaC9sbQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T065051Z_3_CBRE95Q011700_RTROPTP_2_AUSTRALIA-POLITICS-RUDD.JPG" width="130" height="86" alt="Australia&#039;s former prime minister Rudd speaks to media at Parliament House in Canberra" align="left" title="Australia&#039;s former prime minister Rudd speaks to media at Parliament House in Canberra" border="0" /></a>By James Grubel CANBERRA (Reuters) - Kevin Rudd was sworn in as Australian prime minister for the second time on Thursday, a day after toppling Julia Gillard and three months ahead of elections in which opinion polls show the ruling Labor Party faces a devastating defeat. Rudd&#039;s return as prime minister follows three years of squabbling within the Labor leadership and as the world&#039;s 12th largest economy faces challenges stemming from a slowdown in top trade partner China. ...</p><br clear="all"/>BRUSSELS (AP) ? A hard-fought deal on future bank bailouts gives European Union leaders a boost going into a new summit, and an injection of credibility into EU efforts to end its spiral of financial and economic troubles.http://news.yahoo.com/eu-deal-boosts-prospects-banking-union-062013575.htmlThu, 27 Jun 2013 02:20:13 -0400Associated Presseu-deal-boosts-prospects-banking-union-062013575PARIS (Reuters) - French construction and concessions company Vinci and Credit Agricole's life insurance unit are among candidates to buy a stake the French government is selling in Paris airports operator ADP , newsletter Agefi reported on Thursday. French Finance Minister Pierre Moscovici announced the plan to sell up to about 10 million shares in ADP - worth almost 700 million euros - in May, as the French government looks for funds to invest in a stagnant economy. Agefi said the stake represented 9.5 percent of the company's capital. For Vinci, which already has a stake of about 3. ...http://news.yahoo.com/vinci-among-candidates-buy-stake-airports-group-adp-061031773.htmlThu, 27 Jun 2013 02:10:31 -0400Reutersvinci-among-candidates-buy-stake-airports-group-adp-061031773<p><a href="http://news.yahoo.com/asia-stocks-gain-hopes-fed-stimulus-stay-033130732.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dDXi5xJCG055Na8898uHPg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0d7af2c95f12d915350f6a706700d35f.jpg" width="130" height="86" alt="A man checks his mobile phone in front of the electronic stock board of a securities firm in Tokyo, Wednesday, June 26, 2013. Global stock markets staged a modest recovery Wednesday, boosted by strong data releases that portray a U.S. economy on the upswing. Japan&#039;s Nikkei 225 fell 1 percent to close at 12,834.01. (AP Photo/Itsuo Inouye)" align="left" title="A man checks his mobile phone in front of the electronic stock board of a securities firm in Tokyo, Wednesday, June 26, 2013. Global stock markets staged a modest recovery Wednesday, boosted by strong data releases that portray a U.S. economy on the upswing. Japan&#039;s Nikkei 225 fell 1 percent to close at 12,834.01. (AP Photo/Itsuo Inouye)" border="0" /></a>HONG KONG (AP) ? Stock markets from Sydney to Shanghai extended gains for a second day Thursday after the U.S. said quarterly growth may be weaker than expected, raising investors&#039; hopes that the Federal Reserve would delay plans to wind down its stimulus program.</p><br clear="all"/>http://news.yahoo.com/asia-stocks-gain-hopes-fed-stimulus-stay-033130732.htmlThu, 27 Jun 2013 01:12:57 -0400Associated Pressasia-stocks-gain-hopes-fed-stimulus-stay-033130732<p><a href="http://news.yahoo.com/asia-stocks-gain-hopes-fed-stimulus-stay-033130732.html"><img src="http://l3.yimg.com/bt/api/res/1.2/dDXi5xJCG055Na8898uHPg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/0d7af2c95f12d915350f6a706700d35f.jpg" width="130" height="86" alt="A man checks his mobile phone in front of the electronic stock board of a securities firm in Tokyo, Wednesday, June 26, 2013. Global stock markets staged a modest recovery Wednesday, boosted by strong data releases that portray a U.S. economy on the upswing. Japan&#039;s Nikkei 225 fell 1 percent to close at 12,834.01. (AP Photo/Itsuo Inouye)" align="left" title="A man checks his mobile phone in front of the electronic stock board of a securities firm in Tokyo, Wednesday, June 26, 2013. Global stock markets staged a modest recovery Wednesday, boosted by strong data releases that portray a U.S. economy on the upswing. Japan&#039;s Nikkei 225 fell 1 percent to close at 12,834.01. (AP Photo/Itsuo Inouye)" border="0" /></a>HONG KONG (AP) ? Stock markets from Sydney to Shanghai extended gains for a second day Thursday after the U.S. said quarterly growth may be weaker than expected, raising investors&#039; hopes that the Federal Reserve would delay plans to wind down its stimulus program.</p><br clear="all"/><p><a href="http://news.yahoo.com/mongolian-president-wins-second-term-amid-focus-mining-033224558.html"><img src="http://l3.yimg.com/bt/api/res/1.2/ojeKdPCXcYirUDTJDXWTjg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T033224Z_1_CBRE95Q09U900_RTROPTP_2_CNEWS-US-MONGOLIA-ELECTION.JPG" width="130" height="86" alt="Tsakhia Elbegdorj arrives at a polling station to cast his vote during Mongolia&#039;s presidential elections in Ulan Bator" align="left" title="Tsakhia Elbegdorj arrives at a polling station to cast his vote during Mongolia&#039;s presidential elections in Ulan Bator" border="0" /></a>ULAN BATOR (Reuters) - Mongolia&#039;s incumbent president, Tsakhia Elbegdorj, who wants more controls on foreign mining investments, has emerged as the winner of Wednesday&#039;s polls with a narrow majority of votes cast, the country&#039;s election commission said on Thursday. Elbegdorj, 50, who has served as president since 2009, was the overwhelming favorite in the contest, played out amid worries about Mongolia&#039;s faltering economy as well as the growing role of foreign mining firms. The commission said Elbegdorj got 50. ...</p><br clear="all"/>http://news.yahoo.com/mongolian-president-wins-second-term-amid-focus-mining-033224558.htmlWed, 26 Jun 2013 23:32:24 -0400Reutersmongolian-president-wins-second-term-amid-focus-mining-033224558<p><a href="http://news.yahoo.com/mongolian-president-wins-second-term-amid-focus-mining-033224558.html"><img src="http://l3.yimg.com/bt/api/res/1.2/ojeKdPCXcYirUDTJDXWTjg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-27T033224Z_1_CBRE95Q09U900_RTROPTP_2_CNEWS-US-MONGOLIA-ELECTION.JPG" width="130" height="86" alt="Tsakhia Elbegdorj arrives at a polling station to cast his vote during Mongolia&#039;s presidential elections in Ulan Bator" align="left" title="Tsakhia Elbegdorj arrives at a polling station to cast his vote during Mongolia&#039;s presidential elections in Ulan Bator" border="0" /></a>ULAN BATOR (Reuters) - Mongolia&#039;s incumbent president, Tsakhia Elbegdorj, who wants more controls on foreign mining investments, has emerged as the winner of Wednesday&#039;s polls with a narrow majority of votes cast, the country&#039;s election commission said on Thursday. Elbegdorj, 50, who has served as president since 2009, was the overwhelming favorite in the contest, played out amid worries about Mongolia&#039;s faltering economy as well as the growing role of foreign mining firms. The commission said Elbegdorj got 50. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/slower-us-growth-might-lead-fed-delay-tapering-195608480.html"><img src="http://l1.yimg.com/bt/api/res/1.2/iWMWcgpgSd9IZVBVC8CQxg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/be2010745efbd815350f6a7067009ad9.jpg" width="130" height="86" alt="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" align="left" title="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" border="0" /></a>WASHINGTON (AP) ? The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.</p><br clear="all"/>http://news.yahoo.com/slower-us-growth-might-lead-fed-delay-tapering-195608480.htmlWed, 26 Jun 2013 18:02:36 -0400Associated Pressslower-us-growth-might-lead-fed-delay-tapering-195608480<p><a href="http://news.yahoo.com/slower-us-growth-might-lead-fed-delay-tapering-195608480.html"><img src="http://l1.yimg.com/bt/api/res/1.2/iWMWcgpgSd9IZVBVC8CQxg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/be2010745efbd815350f6a7067009ad9.jpg" width="130" height="86" alt="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" align="left" title="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" border="0" /></a>WASHINGTON (AP) ? The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.</p><br clear="all"/><p><a href="http://news.yahoo.com/analysis-big-poll-win-japan-pm-abes-party-210221433.html"><img src="http://l2.yimg.com/bt/api/res/1.2/iUeZNn1nfMPxAc2XetupvA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T214832Z_2_CBRE95P1MG300_RTROPTP_2_JAPAN-POLITICS.JPG" width="130" height="86" alt="Japan&#039;s Prime Minister Abe is seen through reporters as he speaks during a news conference at his official residence in Tokyo" align="left" title="Japan&#039;s Prime Minister Abe is seen through reporters as he speaks during a news conference at his official residence in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Will the real Shinzo Abe please stand up? Abe, back as Japan&#039;s premier in a rare second term, is expected to lead his ruling bloc to victory in a July upper house election, but what he will do with the mandate is a puzzle. Pessimists fear too decisive a win will weaken commitment to reforms needed to end the stagnation that has long plagued the economy. The risks are twofold. ...</p><br clear="all"/>http://news.yahoo.com/analysis-big-poll-win-japan-pm-abes-party-210221433.htmlWed, 26 Jun 2013 17:48:32 -0400Reutersanalysis-big-poll-win-japan-pm-abes-party-210221433<p><a href="http://news.yahoo.com/analysis-big-poll-win-japan-pm-abes-party-210221433.html"><img src="http://l2.yimg.com/bt/api/res/1.2/iUeZNn1nfMPxAc2XetupvA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T214832Z_2_CBRE95P1MG300_RTROPTP_2_JAPAN-POLITICS.JPG" width="130" height="86" alt="Japan&#039;s Prime Minister Abe is seen through reporters as he speaks during a news conference at his official residence in Tokyo" align="left" title="Japan&#039;s Prime Minister Abe is seen through reporters as he speaks during a news conference at his official residence in Tokyo" border="0" /></a>By Linda Sieg TOKYO (Reuters) - Will the real Shinzo Abe please stand up? Abe, back as Japan&#039;s premier in a rare second term, is expected to lead his ruling bloc to victory in a July upper house election, but what he will do with the mandate is a puzzle. Pessimists fear too decisive a win will weaken commitment to reforms needed to end the stagnation that has long plagued the economy. The risks are twofold. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/tsx-falls-telecoms-gold-miners-tumble-153901785.html"><img src="http://l2.yimg.com/bt/api/res/1.2/jzYHT.UGwCDGGyFjKQK6Dw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T153901Z_1_CBRE95P17H500_RTROPTP_2_CBUSINESS-US-MARKETS-CANADA-STOCKS.JPG" width="130" height="86" alt="Toronto Stock Exchange logo is seen in Toronto" align="left" title="Toronto Stock Exchange logo is seen in Toronto" border="0" /></a>By John Tilak TORONTO (Reuters) - Canada&#039;s main stock index stumbled on Wednesday after telecoms stocks suffered deep losses on reports that U.S. giant Verizon Communications Inc is looking to enter the market, while gold miners shares were pummeled as bullion prices tumbled. Weakness in the two sectors more than offset gains in financial shares after U.S. data helped calm fears of a rollback in economic stimulus programs. Revised figures showed U.S. ...</p><br clear="all"/>http://news.yahoo.com/tsx-falls-telecoms-gold-miners-tumble-153901785.htmlWed, 26 Jun 2013 17:10:53 -0400Reuterstsx-falls-telecoms-gold-miners-tumble-153901785<p><a href="http://news.yahoo.com/tsx-falls-telecoms-gold-miners-tumble-153901785.html"><img src="http://l2.yimg.com/bt/api/res/1.2/jzYHT.UGwCDGGyFjKQK6Dw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T153901Z_1_CBRE95P17H500_RTROPTP_2_CBUSINESS-US-MARKETS-CANADA-STOCKS.JPG" width="130" height="86" alt="Toronto Stock Exchange logo is seen in Toronto" align="left" title="Toronto Stock Exchange logo is seen in Toronto" border="0" /></a>By John Tilak TORONTO (Reuters) - Canada&#039;s main stock index stumbled on Wednesday after telecoms stocks suffered deep losses on reports that U.S. giant Verizon Communications Inc is looking to enter the market, while gold miners shares were pummeled as bullion prices tumbled. Weakness in the two sectors more than offset gains in financial shares after U.S. data helped calm fears of a rollback in economic stimulus programs. Revised figures showed U.S. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/most-asia-shares-rebound-pboc-assurances-shanghai-extends-030528848.html"><img src="http://l3.yimg.com/bt/api/res/1.2/bZPp.Y2QWHvRHq5Uig3FpA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T153446Z_20_CBRE95J0V9100_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="Employee of TSE works at the bourse in Tokyo" align="left" title="Employee of TSE works at the bourse in Tokyo" border="0" /></a>By Herbert Lash NEW YORK (Reuters) - The dollar rose and global equity markets gained for a second day on Wednesday after a surprisingly sharp downward revision to first-quarter U.S. economic growth eased concerns the Federal Reserve might soon begin to withdraw stimulus. In addition, moves by China to calm bank fears and supportive signs from the European Central Bank on the need for continued stimulus helped extend Tuesday&#039;s rebound after the global sell-off of stocks, commodities and bonds last week. U.S. gross domestic product grew at only a 1. ...</p><br clear="all"/>http://news.yahoo.com/most-asia-shares-rebound-pboc-assurances-shanghai-extends-030528848.htmlWed, 26 Jun 2013 16:50:32 -0400Reutersmost-asia-shares-rebound-pboc-assurances-shanghai-extends-030528848<p><a href="http://news.yahoo.com/most-asia-shares-rebound-pboc-assurances-shanghai-extends-030528848.html"><img src="http://l3.yimg.com/bt/api/res/1.2/bZPp.Y2QWHvRHq5Uig3FpA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T153446Z_20_CBRE95J0V9100_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="Employee of TSE works at the bourse in Tokyo" align="left" title="Employee of TSE works at the bourse in Tokyo" border="0" /></a>By Herbert Lash NEW YORK (Reuters) - The dollar rose and global equity markets gained for a second day on Wednesday after a surprisingly sharp downward revision to first-quarter U.S. economic growth eased concerns the Federal Reserve might soon begin to withdraw stimulus. In addition, moves by China to calm bank fears and supportive signs from the European Central Bank on the need for continued stimulus helped extend Tuesday&#039;s rebound after the global sell-off of stocks, commodities and bonds last week. U.S. gross domestic product grew at only a 1. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/socgen-ceo-says-eu-avoid-flexibility-bank-failure-192951058.html"><img src="http://l1.yimg.com/bt/api/res/1.2/tLaLUORYG2KJHzXjLv2a9g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T192951Z_1_CBRE95P1I6100_RTROPTP_2_SOCGEN-RESULTS.JPG" width="130" height="86" alt="French bank Societe Generale CEO Oudea attends the bank&#039;s 2012 annual results presentation in La Defense near Paris" align="left" title="French bank Societe Generale CEO Oudea attends the bank&#039;s 2012 annual results presentation in La Defense near Paris" border="0" /></a>By Lionel Laurent and Matthias Blamont PARIS (Reuters) - Europe&#039;s legal framework to decide who pays if banks fail should avoid granting too much flexibility to individual EU member states, the head of French bank Societe Generale told Reuters on Wednesday. The law on rescuing and closing banks in the EU is central to the 27-nation bloc&#039;s banking union, which aims to prevent future financial crises and get the economy out of recession. EU states have been at odds on how to distribute the cost of shuttering banks. ...</p><br clear="all"/>http://news.yahoo.com/socgen-ceo-says-eu-avoid-flexibility-bank-failure-192951058.htmlWed, 26 Jun 2013 15:29:51 -0400Reuterssocgen-ceo-says-eu-avoid-flexibility-bank-failure-192951058<p><a href="http://news.yahoo.com/socgen-ceo-says-eu-avoid-flexibility-bank-failure-192951058.html"><img src="http://l1.yimg.com/bt/api/res/1.2/tLaLUORYG2KJHzXjLv2a9g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T192951Z_1_CBRE95P1I6100_RTROPTP_2_SOCGEN-RESULTS.JPG" width="130" height="86" alt="French bank Societe Generale CEO Oudea attends the bank&#039;s 2012 annual results presentation in La Defense near Paris" align="left" title="French bank Societe Generale CEO Oudea attends the bank&#039;s 2012 annual results presentation in La Defense near Paris" border="0" /></a>By Lionel Laurent and Matthias Blamont PARIS (Reuters) - Europe&#039;s legal framework to decide who pays if banks fail should avoid granting too much flexibility to individual EU member states, the head of French bank Societe Generale told Reuters on Wednesday. The law on rescuing and closing banks in the EU is central to the 27-nation bloc&#039;s banking union, which aims to prevent future financial crises and get the economy out of recession. EU states have been at odds on how to distribute the cost of shuttering banks. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/u-first-quarter-growth-cut-1-8-percent-131810619.html"><img src="http://l1.yimg.com/bt/api/res/1.2/EMBVbetn_Z1e23OFNEjF1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T182534Z_2_CBRE95P10YH00_RTROPTP_2_LUXURY-US.JPG" width="130" height="86" alt="A woman carrying a Chanel shopping bag walks on Rodeo Drive in Beverly Hills" align="left" title="A woman carrying a Chanel shopping bag walks on Rodeo Drive in Beverly Hills" border="0" /></a>By Lucia Mutikani WASHINGTON (Reuters) - The U.S. government slashed its estimate for first-quarter economic growth on Wednesday, offering a cautionary note on the recovery as the Federal Reserve ponders curtailing its massive monetary stimulus. Gross domestic product expanded at a 1.8 percent annual rate in the quarter, the Commerce Department said. The economy was previously reported to have grown at a 2.4 percent pace after a gain of just 0.4 percent in the final three months of last year. Almost all categories were revised lower, with the exception of home construction and government. ...</p><br clear="all"/>http://news.yahoo.com/u-first-quarter-growth-cut-1-8-percent-131810619.htmlWed, 26 Jun 2013 14:25:34 -0400Reutersu-first-quarter-growth-cut-1-8-percent-131810619<p><a href="http://news.yahoo.com/u-first-quarter-growth-cut-1-8-percent-131810619.html"><img src="http://l1.yimg.com/bt/api/res/1.2/EMBVbetn_Z1e23OFNEjF1A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-06-26T182534Z_2_CBRE95P10YH00_RTROPTP_2_LUXURY-US.JPG" width="130" height="86" alt="A woman carrying a Chanel shopping bag walks on Rodeo Drive in Beverly Hills" align="left" title="A woman carrying a Chanel shopping bag walks on Rodeo Drive in Beverly Hills" border="0" /></a>By Lucia Mutikani WASHINGTON (Reuters) - The U.S. government slashed its estimate for first-quarter economic growth on Wednesday, offering a cautionary note on the recovery as the Federal Reserve ponders curtailing its massive monetary stimulus. Gross domestic product expanded at a 1.8 percent annual rate in the quarter, the Commerce Department said. The economy was previously reported to have grown at a 2.4 percent pace after a gain of just 0.4 percent in the final three months of last year. Almost all categories were revised lower, with the exception of home construction and government. ...</p><br clear="all"/>By Regan Doherty DOHA (Reuters) - The manager of Qatar's rise to global prominence, former Prime Minister Sheikh Hamad bin Jassim al-Thani, used charm, tenacity and economic clout to broker peace and topple dictators overseas and build an investment nest-egg for future generations at home. Sheikh Hamad was replaced as prime minister and foreign minister in a cabinet reshuffle announced on Wednesday, following the accession of 33-year-old Sheikh Tamim bin Hamad al-Thani as emir. ...http://news.yahoo.com/former-qatari-pm-drove-bold-maverick-foreign-policy-172833156.htmlWed, 26 Jun 2013 13:28:33 -0400Reutersformer-qatari-pm-drove-bold-maverick-foreign-policy-172833156<p><a href="http://news.yahoo.com/us-growth-downgrade-ignored-stocks-march-again-141613098.html"><img src="http://l2.yimg.com/bt/api/res/1.2/tqHljgvkhD6tN7ikllKtWA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/64cb8a87404cc115350f6a7067001622.jpg" width="130" height="86" alt="In this Thursday, June 20, 2013 photo, specialist Stephen Ruiz, left, and trader Michael Smyth work on the floor of the New York Stock Exchange. Asian stock markets were mostly lower Tuesday June 25, 2013 as investors continued their flight from risky assets on the prospect of slower Chinese growth and the winding down of the U.S. Federal Reserve&#039;s monetary stimulus. European markets rebounded. (AP Photo/Richard Drew)" align="left" title="In this Thursday, June 20, 2013 photo, specialist Stephen Ruiz, left, and trader Michael Smyth work on the floor of the New York Stock Exchange. Asian stock markets were mostly lower Tuesday June 25, 2013 as investors continued their flight from risky assets on the prospect of slower Chinese growth and the winding down of the U.S. Federal Reserve&#039;s monetary stimulus. European markets rebounded. (AP Photo/Richard Drew)" border="0" /></a>LONDON (AP) ? Disappointing U.S. economic growth figures failed to alter the mood in financial markets Wednesday, which has seen most stocks eke out solid gains for the second day running.</p><br clear="all"/>http://news.yahoo.com/us-growth-downgrade-ignored-stocks-march-again-141613098.htmlWed, 26 Jun 2013 13:11:40 -0400Associated Pressus-growth-downgrade-ignored-stocks-march-again-141613098<p><a href="http://news.yahoo.com/us-growth-downgrade-ignored-stocks-march-again-141613098.html"><img src="http://l2.yimg.com/bt/api/res/1.2/tqHljgvkhD6tN7ikllKtWA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/64cb8a87404cc115350f6a7067001622.jpg" width="130" height="86" alt="In this Thursday, June 20, 2013 photo, specialist Stephen Ruiz, left, and trader Michael Smyth work on the floor of the New York Stock Exchange. Asian stock markets were mostly lower Tuesday June 25, 2013 as investors continued their flight from risky assets on the prospect of slower Chinese growth and the winding down of the U.S. Federal Reserve&#039;s monetary stimulus. European markets rebounded. (AP Photo/Richard Drew)" align="left" title="In this Thursday, June 20, 2013 photo, specialist Stephen Ruiz, left, and trader Michael Smyth work on the floor of the New York Stock Exchange. Asian stock markets were mostly lower Tuesday June 25, 2013 as investors continued their flight from risky assets on the prospect of slower Chinese growth and the winding down of the U.S. Federal Reserve&#039;s monetary stimulus. European markets rebounded. (AP Photo/Richard Drew)" border="0" /></a>LONDON (AP) ? Disappointing U.S. economic growth figures failed to alter the mood in financial markets Wednesday, which has seen most stocks eke out solid gains for the second day running.</p><br clear="all"/>DOHA (Reuters) - Qatar's new emir, Sheikh Tamim bin Hamad al-Thani, said on Wednesday the Gulf state would not "take direction" in foreign affairs, supported the sovereignty and integrity of all Arab lands and would seek to diversify the gas-based economy at home. In his first speech as head of state, Sheikh Tamim, handed power on Tuesday when his father abdicated after 18 years in power, added he would follow in the "path" of his father, architect of an assertive foreign policy. But his 15-minute address focused on domestic issues and was broad in nature. ...http://news.yahoo.com/qatar-emir-says-not-direction-foreign-affairs-153855866.htmlWed, 26 Jun 2013 11:46:51 -0400Reutersqatar-emir-says-not-direction-foreign-affairs-153855866<p><a href="http://news.yahoo.com/us-economy-grows-slower-1-8-pct-rate-123936162.html"><img src="http://l1.yimg.com/bt/api/res/1.2/iWMWcgpgSd9IZVBVC8CQxg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/be2010745efbd815350f6a7067009ad9.jpg" width="130" height="86" alt="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" align="left" title="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" border="0" /></a>WASHINGTON (AP) ? The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision occurred mostly because consumers spent less than previously estimated, a sign that higher taxes could be dampening growth.</p><br clear="all"/>http://news.yahoo.com/us-economy-grows-slower-1-8-pct-rate-123936162.htmlWed, 26 Jun 2013 10:34:57 -0400Associated Pressus-economy-grows-slower-1-8-pct-rate-123936162<p><a href="http://news.yahoo.com/us-economy-grows-slower-1-8-pct-rate-123936162.html"><img src="http://l1.yimg.com/bt/api/res/1.2/iWMWcgpgSd9IZVBVC8CQxg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/be2010745efbd815350f6a7067009ad9.jpg" width="130" height="86" alt="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" align="left" title="FILE - In this March 1, 2013 file photo, a crane removes a container from a ship at the Port of Baltimore&#039;s Seagirt Marine Terminal in Baltimore. The government issues its third and final estimate of economic growth in the January-March quarter, Wednesday, June 26, 2013. (AP Photo/Patrick Semansky, File)" border="0" /></a>WASHINGTON (AP) ? The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision occurred mostly because consumers spent less than previously estimated, a sign that higher taxes could be dampening growth.</p><br clear="all"/><p><a href="http://news.yahoo.com/stocks-rise-even-us-economic-growth-slows-142834763.html"><img src="http://l2.yimg.com/bt/api/res/1.2/cn.w3CvdOtykGkEWw3kcXg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8b693f545f11d915350f6a706700e396.jpg" width="130" height="86" alt="In this Monday, June 10, 2013 photo, traders work on the floor of the New York Stock Exchange. Global stock markets staged a modest recovery Wednesday, June 26, 2013 boosted by strong data releases that portray a U.S. economy on the upswing. (AP Photo/Richard Drew)" align="left" title="In this Monday, June 10, 2013 photo, traders work on the floor of the New York Stock Exchange. Global stock markets staged a modest recovery Wednesday, June 26, 2013 boosted by strong data releases that portray a U.S. economy on the upswing. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? U.S. stock indexes moved higher in early trading Wednesday, despite news that the U.S. economy has been growing more slowly than first estimated.</p><br clear="all"/>http://news.yahoo.com/stocks-rise-even-us-economic-growth-slows-142834763.htmlWed, 26 Jun 2013 10:28:34 -0400Associated Pressstocks-rise-even-us-economic-growth-slows-142834763<p><a href="http://news.yahoo.com/stocks-rise-even-us-economic-growth-slows-142834763.html"><img src="http://l2.yimg.com/bt/api/res/1.2/cn.w3CvdOtykGkEWw3kcXg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/8b693f545f11d915350f6a706700e396.jpg" width="130" height="86" alt="In this Monday, June 10, 2013 photo, traders work on the floor of the New York Stock Exchange. Global stock markets staged a modest recovery Wednesday, June 26, 2013 boosted by strong data releases that portray a U.S. economy on the upswing. (AP Photo/Richard Drew)" align="left" title="In this Monday, June 10, 2013 photo, traders work on the floor of the New York Stock Exchange. Global stock markets staged a modest recovery Wednesday, June 26, 2013 boosted by strong data releases that portray a U.S. economy on the upswing. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? U.S. stock indexes moved higher in early trading Wednesday, despite news that the U.S. economy has been growing more slowly than first estimated.</p><br clear="all"/><p><a href="http://news.yahoo.com/obama-embarks-trip-africa-mandelas-health-133718333.html"><img src="http://l2.yimg.com/bt/api/res/1.2/CcimSHhvbdw9VohU3AkxIQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-26T133718Z_1_AJOE95P11U800_RTROPTP_2_OZATP-USA-OBAMA-AFRICA-20130626.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Mark Felsenthal WASHINGTON (Reuters) - President Barack Obama set out on an eight-day trip to Africa on Wednesday that is aimed at reviving U.S. engagement with the continent but that will be overshadowed by the uncertain health of South Africa hero Nelson Mandela. Obama&#039;s trip, his second to the continent as president, will take him to Senegal, South Africa and Tanzania. While the president hopes to spotlight trade and economic development themes, his visit would be dwarfed if Mandela&#039;s condition takes a turn for the worse. ...</p><br clear="all"/>http://news.yahoo.com/obama-embarks-trip-africa-mandelas-health-133718333.htmlWed, 26 Jun 2013 09:37:18 -0400Reutersobama-embarks-trip-africa-mandelas-health-133718333<p><a href="http://news.yahoo.com/obama-embarks-trip-africa-mandelas-health-133718333.html"><img src="http://l2.yimg.com/bt/api/res/1.2/CcimSHhvbdw9VohU3AkxIQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-06-26T133718Z_1_AJOE95P11U800_RTROPTP_2_OZATP-USA-OBAMA-AFRICA-20130626.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Mark Felsenthal WASHINGTON (Reuters) - President Barack Obama set out on an eight-day trip to Africa on Wednesday that is aimed at reviving U.S. engagement with the continent but that will be overshadowed by the uncertain health of South Africa hero Nelson Mandela. Obama&#039;s trip, his second to the continent as president, will take him to Senegal, South Africa and Tanzania. While the president hopes to spotlight trade and economic development themes, his visit would be dwarfed if Mandela&#039;s condition takes a turn for the worse. ...</p><br clear="all"/>