Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/2167 business Business - Global Economy en-us Sat, 04 Jul 2009 07:30:17 GMT 5 142 18 http://news.yahoo.com/i/2167 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090704/wl_sthasia_afp/srilankaeconomyimf afp/20090704/srilankaeconomyimf AFP world Sat, 04 Jul 2009 07:30:17 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090704/wl_sthasia_afp/srilankaeconomyimf"><img src="http://d.yimg.com/a/p/afp/20090704/capt.photo_1246691854468-1-0.jpg?x=130&y=93&q=85&sig=.r3A3rS70qAgk1d1WKeBMw--" align="left" height="93" width="130" alt="A Sri Lankan foreign exchange dealer counts US dollar bills in Colombo. Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels.(AFP/File/Ishara S. Kodikara)" border="0" /></a>AFP - Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090704/wl_sthasia_afp/srilankaeconomyimf"><img src="http://d.yimg.com/a/p/afp/20090704/capt.photo_1246691854468-1-0.jpg?x=130&y=93&q=85&sig=.r3A3rS70qAgk1d1WKeBMw--" align="left" height="93" width="130" alt="photo" title="A Sri Lankan foreign exchange dealer counts US dollar bills in Colombo. Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels.(AFP/File/Ishara S. Kodikara)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090703/bs_afp/latameconomyfinanceimfworldbank afp/20090703/latameconomyfinanceimfworldbank AFP business Fri, 03 Jul 2009 20:40:52 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090703/bs_afp/latameconomyfinanceimfworldbank"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246653614521-1-0.jpg?x=130&y=86&q=85&sig=GR6r4Vq6FlX3vbMhCKXLTw--" align="left" height="86" width="130" alt="Inter-American Development Bank president Luis Alberto Moreno takes part in the opening session of the Finance Minister Summit in Vina del Mar, Chile. Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday.(AFP/Martin Bernetti)" border="0" /></a>AFP - Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090703/bs_afp/latameconomyfinanceimfworldbank"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246653614521-1-0.jpg?x=130&y=86&q=85&sig=GR6r4Vq6FlX3vbMhCKXLTw--" align="left" height="86" width="130" alt="photo" title="Inter-American Development Bank president Luis Alberto Moreno takes part in the opening session of the Finance Minister Summit in Vina del Mar, Chile. Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday.(AFP/Martin Bernetti)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090703/bs_afp/financeeconomygermanybankingsectorlaw afp/20090703/financeeconomygermanybankingsectorlaw AFP business Fri, 03 Jul 2009 19:48:06 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090703/bs_afp/financeeconomygermanybankingsectorlaw"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246650419113-1-0.jpg?x=130&y=86&q=85&sig=oETWBgtCOQHj5iwvRvLTrw--" align="left" height="86" width="130" alt="A general view of a plenary session of the Bundestag, Germany's lower house of parliament in Berlin in 2008. The lower house approved a bill that provides for the creation of "bad banks" to help commercial and state-owned banks recover from the financial crisis.(AFP/File/John Macdougall)" border="0" /></a>AFP - The German lower house of parliament approved on Friday a bill that provides for the creation of "bad banks" to help commercial and state-owned banks recover from the financial crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090703/bs_afp/financeeconomygermanybankingsectorlaw"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246650419113-1-0.jpg?x=130&y=86&q=85&sig=oETWBgtCOQHj5iwvRvLTrw--" align="left" height="86" width="130" alt="photo" title="A general view of a plenary session of the Bundestag, Germany's lower house of parliament in Berlin in 2008. The lower house approved a bill that provides for the creation of "bad banks" to help commercial and state-owned banks recover from the financial crisis.(AFP/File/John Macdougall)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090703/wl_canada_nm/canada_us_g8_summit_canada_currency nm/20090703/canada_us_g8_summit_canada_currency Reuters world Fri, 03 Jul 2009 17:38:15 GMT Reuters - The U.S. dollar as the global reserve currency of choice has been a stabilizing force during the current financial crisis, Canada said on Friday, downplaying calls to debate the greenback's dominant status. http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/world_markets ap/20090703/world_markets AP business Fri, 03 Jul 2009 16:34:43 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/world_markets"><img src="http://d.yimg.com/a/p/ap/20090703/capt.1caf3d22eb4545a4bd6da5c2c9385bcb.correction_hong_kong_world_markets_xkc103.jpg?x=130&y=85&q=85&sig=HHgQOnFzmNtx3yCt46DUNQ--" align="left" height="85" width="130" alt="Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)" border="0" /></a>AP - European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence Day holiday kept trading volumes exceptionally light.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/world_markets"><img src="http://d.yimg.com/a/p/ap/20090703/capt.1caf3d22eb4545a4bd6da5c2c9385bcb.correction_hong_kong_world_markets_xkc103.jpg?x=130&y=85&q=85&sig=HHgQOnFzmNtx3yCt46DUNQ--" align="left" height="85" width="130" alt="photo" title="Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_global nm/20090703/us_markets_global Reuters business Fri, 03 Jul 2009 11:22:41 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_global"><img src="http://d.yimg.com/a/p/afp/20090704/capt.photo_1246701773654-1-0.jpg?x=94&y=130&q=85&sig=UChT1nHwDhyXHcTnb8t7Ww--" align="left" height="130" width="94" alt="A Wall Street sign outside the New York Stock Exchange. US President Barack Obama urged Americans, who celebrate Independence Day, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing.(AFP/File/Stan Honda)" border="0" /></a>Reuters - World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_global"><img src="http://d.yimg.com/a/p/afp/20090704/capt.photo_1246701773654-1-0.jpg?x=94&y=130&q=85&sig=UChT1nHwDhyXHcTnb8t7Ww--" align="left" height="130" width="94" alt="photo" title="A Wall Street sign outside the New York Stock Exchange. US President Barack Obama urged Americans, who celebrate Independence Day, to implement broad economic and social reforms, expressing confidence the country will be able to overcome the challenges it is facing.(AFP/File/Stan Honda)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ibd/20090702/bs_ibd_ibd/20090702managing03 ibd/20090702/20090702managing03 Investor's Business Daily business Thu, 02 Jul 2009 22:10:53 GMT Investor's Business Daily - A survey says more than half of venture capital executives or 52.9% consider their industry "broken" by the effects of the financial crisis. http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_state_budgets ap/20090702/us_state_budgets AP business Thu, 02 Jul 2009 21:32:44 GMT AP - An across-the-board drop in tax collections, coupled with a prolonged recession, has states facing their worst fiscal crisis in decades. http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_go_ec_fi/us_fed_credit_crisis ap/20090702/us_fed_credit_crisis AP business Thu, 02 Jul 2009 20:46:46 GMT AP - Banks borrowed less from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, encouraging signs that some credit stresses are easing. http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/bw/20090702/bs_bw/jun2009db20090626446404 bw/20090702/jun2009db20090626446404 BusinessWeek Online business Thu, 02 Jul 2009 12:08:43 GMT BusinessWeek Online - It wasn't so long ago -- against the backdrop of the financial crisis and its aftershocks, amid a tide of popular anger -- that financial-industry representatives took pains to acknowledge the need for financial reform, even in their own corners of the sector. http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090702/wl_sthasia_afp/indiaeconomy afp/20090702/indiaeconomy AFP world Thu, 02 Jul 2009 10:15:03 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090702/wl_sthasia_afp/indiaeconomy"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246522900593-1-0.jpg?x=130&y=87&q=85&sig=dGFjHZXYcdheG96QmYA2lA--" align="left" height="87" width="130" alt="An Indian kid is seen behind a stall offering orange juice in New Delhi in June 2009. India's economy could grow more than 7.0 percent this year, but the expansion will rely on a recovery in the United States and the global economy as a whole, the government said Thursday.(AFP/File/Pedro Ugarte)" border="0" /></a>AFP - India's economy could grow more than 7.0 percent this year, but the expansion will rely on a recovery in the United States and the global economy as a whole, the government said Thursday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090702/wl_sthasia_afp/indiaeconomy"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246522900593-1-0.jpg?x=130&y=87&q=85&sig=dGFjHZXYcdheG96QmYA2lA--" align="left" height="87" width="130" alt="photo" title="An Indian kid is seen behind a stall offering orange juice in New Delhi in June 2009. India's economy could grow more than 7.0 percent this year, but the expansion will rely on a recovery in the United States and the global economy as a whole, the government said Thursday.(AFP/File/Pedro Ugarte)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ibd/20090701/bs_ibd_ibd/20090701econbrief ibd/20090701/20090701econbrief Investor's Business Daily business Wed, 01 Jul 2009 22:52:53 GMT Investor's Business Daily - Beijing proposed that leaders at the Group of Eight summit next week discuss creating a new int'l reserve currency, sources told Reuters. China, Russia and some emerging nations, such as India and Brazil, have suggested a global reserve currency to reflect the shifting balance of power in the global economy. In March, China's central bank chief suggested an IMF-tied int'l currency, but the IMF backed the dollar as the global reserve currency. http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/financeeconomyimfbonds afp/20090701/financeeconomyimfbonds AFP business Wed, 01 Jul 2009 20:04:24 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/financeeconomyimfbonds"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246478634470-1-0.jpg?x=99&y=130&q=85&sig=Ijo48zIFaQgh0inE1T5.fA--" align="left" height="130" width="99" alt="International Monetary Fund Managing Director Dominique Strauss-Kahn is pictured in May 2009. The IMF executive board on Monday approved plans for the institution to issue its first bonds, a move that boosts its arsenal in battling a global financial crisis.(AFP/File/Abdelhak Senna)" border="0" /></a>AFP - The International Monetary Fund executive board on Monday approved plans for the institution to issue its first bonds, a move that boosts its arsenal in battling a global financial crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/financeeconomyimfbonds"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246478634470-1-0.jpg?x=99&y=130&q=85&sig=Ijo48zIFaQgh0inE1T5.fA--" align="left" height="130" width="99" alt="photo" title="International Monetary Fund Managing Director Dominique Strauss-Kahn is pictured in May 2009. The IMF executive board on Monday approved plans for the institution to issue its first bonds, a move that boosts its arsenal in battling a global financial crisis.(AFP/File/Abdelhak Senna)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/wtotradefinanceeconomy afp/20090701/wtotradefinanceeconomy AFP business Wed, 01 Jul 2009 17:41:04 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/wtotradefinanceeconomy"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246469973063-1-0.jpg?x=130&y=86&q=85&sig=YbYYJIvLsEO9Dm8tjHxZlg--" align="left" height="86" width="130" alt="A diplomat is seen at the World Trade Organization (WTO) headquarters in Geneva. The World Trade Organisation warned Wednesday of rising protectionism amid the economic crisis as it sharply cut its forecast for trade volumes of developed and developing economies this year.(AFP/File/Fabrice Coffrini)" border="0" /></a>AFP - The World Trade Organisation warned Wednesday of rising protectionism amid the economic crisis as it sharply cut its forecast for trade volumes of developed and developing economies this year.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/wtotradefinanceeconomy"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246469973063-1-0.jpg?x=130&y=86&q=85&sig=YbYYJIvLsEO9Dm8tjHxZlg--" align="left" height="86" width="130" alt="photo" title="A diplomat is seen at the World Trade Organization (WTO) headquarters in Geneva. The World Trade Organisation warned Wednesday of rising protectionism amid the economic crisis as it sharply cut its forecast for trade volumes of developed and developing economies this year.(AFP/File/Fabrice Coffrini)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_markets_stocks nm/20090701/us_markets_stocks Reuters business Wed, 01 Jul 2009 21:33:17 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_markets_stocks"><img src="http://d.yimg.com/a/p/rids/20090701/i/r3211058281.jpg?x=130&y=86&q=85&sig=Of8qQgWX10WRJT0qpwrUwQ--" align="left" height="86" width="130" alt="Traders work the floor of the New York Stock Exchange in New York June 23, 2009. REUTERS/Eric Thayer" border="0" /></a>Reuters - Stocks rose on Wednesday, the start of the third quarter, as reassuring manufacturing data from China, Europe and the United States reinforced hopes that the world's economy is on the road to recovery.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_markets_stocks"><img src="http://d.yimg.com/a/p/rids/20090701/i/r3211058281.jpg?x=130&y=86&q=85&sig=Of8qQgWX10WRJT0qpwrUwQ--" align="left" height="86" width="130" alt="photo" title="Traders work the floor of the New York Stock Exchange in New York June 23, 2009. REUTERS/Eric Thayer" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/wl_nm/us_hongkong_march nm/20090701/us_hongkong_march Reuters world Wed, 01 Jul 2009 12:23:44 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/wl_nm/us_hongkong_march"><img src="http://d.yimg.com/a/p/rids/20090701/i/r2818761103.jpg?x=130&y=82&q=85&sig=X8oNVLYWWODczfscvUpgtg--" align="left" height="82" width="130" alt="Students carry a national flag of China (front) and a Hong Kong flag during a parade on the streets of Hong Kong July 1, 2009. Wednesday marked the 12th anniversary of the territory's handover to China from Britain. REUTERS/Bobby Yip" border="0" /></a>Reuters - Tens of thousands of people marched on Wednesday in Hong Kong's biggest annual protest calling for greater democracy as well as improved economic relief measures and investor protection during the financial crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/wl_nm/us_hongkong_march"><img src="http://d.yimg.com/a/p/rids/20090701/i/r2818761103.jpg?x=130&y=82&q=85&sig=X8oNVLYWWODczfscvUpgtg--" align="left" height="82" width="130" alt="photo" title="Students carry a national flag of China (front) and a Hong Kong flag during a parade on the streets of Hong Kong July 1, 2009. Wednesday marked the 12th anniversary of the territory's handover to China from Britain. REUTERS/Bobby Yip" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/as_china_economy ap/20090701/as_china_economy AP business Wed, 01 Jul 2009 10:44:31 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/as_china_economy"><img src="http://d.yimg.com/a/p/ap/20090701/capt.03a9179bc96740aa95f41e394afe84b2.china_economy_xbej801.jpg?x=130&y=85&q=85&sig=PZotenXhbALkmhRJClwoXQ--" align="left" height="85" width="130" alt="FILE - In this June 26, 2009 file photo, a steel worker labors at a small-scale steel plant in Shenyang, in northeast China's Liaoning province. China's manufacturing expanded in June, adding to signs the world's third-largest economy is recovering from its slump, but few new factory jobs were created, according to two surveys released Wednesday, July 1, 2009. (AP Photo)" border="0" /></a>AP - China's manufacturing expanded in June, adding to signs the world's third-largest economy is rebounding from the collapse in global trade, but few new jobs were created, according to two surveys released Wednesday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/as_china_economy"><img src="http://d.yimg.com/a/p/ap/20090701/capt.03a9179bc96740aa95f41e394afe84b2.china_economy_xbej801.jpg?x=130&y=85&q=85&sig=PZotenXhbALkmhRJClwoXQ--" align="left" height="85" width="130" alt="photo" title="FILE - In this June 26, 2009 file photo, a steel worker labors at a small-scale steel plant in Shenyang, in northeast China's Liaoning province. China's manufacturing expanded in June, adding to signs the world's third-largest economy is recovering from its slump, but few new factory jobs were created, according to two surveys released Wednesday, July 1, 2009. (AP Photo)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/india_nm/india407273 nm/20090701/india407273 Reuters world Wed, 01 Jul 2009 10:19:11 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/india_nm/india407273"><img src="http://d.yimg.com/a/p/rids/20090701/i/ra2026981431.jpg?x=130&y=78&q=85&sig=PJaAPjXJHjLFtFUDYZjNEw--" align="left" height="78" width="130" alt="A view of the Indian parliament building is seen in New Delhi in this July 21, 2008 file photo. REUTERS/B Mathur/Files" border="0" /></a>Reuters - The run-up to India's annual budget, always a spectacle of expectation, is especially fevered this year after a decisive election and precarious global economy added pressure on the government to deliver big initiatives even as it manages a heavy deficit.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/nm/20090701/india_nm/india407273"><img src="http://d.yimg.com/a/p/rids/20090701/i/ra2026981431.jpg?x=130&y=78&q=85&sig=PJaAPjXJHjLFtFUDYZjNEw--" align="left" height="78" width="130" alt="photo" title="A view of the Indian parliament building is seen in New Delhi in this July 21, 2008 file photo. REUTERS/B Mathur/Files" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/japanbankingcompanymergershinseiaozora afp/20090701/japanbankingcompanymergershinseiaozora AFP business Wed, 01 Jul 2009 07:13:04 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/japanbankingcompanymergershinseiaozora"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246432264333-1-0.jpg?x=130&y=91&q=85&sig=8sbsQdwJUjegzZIOZPjwyA--" align="left" height="91" width="130" alt="Japanese lenders Shinsei and Aozora, both deep in the red due to the global financial crisis, announced plans for a merger that would create the nation's sixth biggest commercial bank.(AFP/File/Toru Yamanaka)" border="0" /></a>AFP - Japanese lenders Shinsei and Aozora, which have been hit hard by the global financial crisis, announced a planned merger that would create the nation's sixth biggest commercial bank.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/japanbankingcompanymergershinseiaozora"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246432264333-1-0.jpg?x=130&y=91&q=85&sig=8sbsQdwJUjegzZIOZPjwyA--" align="left" height="91" width="130" alt="photo" title="Japanese lenders Shinsei and Aozora, both deep in the red due to the global financial crisis, announced plans for a merger that would create the nation's sixth biggest commercial bank.(AFP/File/Toru Yamanaka)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/franceeconomybudgetdeficit afp/20090701/franceeconomybudgetdeficit AFP business Wed, 01 Jul 2009 02:47:52 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/franceeconomybudgetdeficit"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246416308252-1-0.jpg?x=130&y=89&q=85&sig=936fdSPM3voWEIcKgML6zw--" align="left" height="89" width="130" alt="A man arranges a sale display at a shoe store in Marseille, southern France. The French government's budget deficit could fall in 2010 with a return of modest growth following a spike this year due to the global financial crisis, Budget Minister Eric Woerth said.(AFP/File/Anne-Christine Poujoulat)" border="0" /></a>AFP - The French government's budget deficit could fall in 2010 with a return of modest growth following a spike this year due to the global financial crisis, Budget Minister Eric Woerth said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/globaleconomy/*http://news.yahoo.com/s/afp/20090701/bs_afp/franceeconomybudgetdeficit"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246416308252-1-0.jpg?x=130&y=89&q=85&sig=936fdSPM3voWEIcKgML6zw--" align="left" height="89" width="130" alt="photo" title="A man arranges a sale display at a shoe store in Marseille, southern France. The French government's budget deficit could fall in 2010 with a return of modest growth following a spike this year due to the global financial crisis, Budget Minister Eric Woerth said.(AFP/File/Anne-Christine Poujoulat)" border="0"/></a></p><br clear="all"/> (AFP)