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All rights reservedFri, 02 Aug 2013 19:44:05 -04005http://news.yahoo.com/economy/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/berkshire-hathaway-second-quarter-profit-rises-46-percent-211724471.html"><img src="http://l3.yimg.com/bt/api/res/1.2/I6nukZLm27h6UC69elQ5OA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T213301Z_1_CBRE9711N5O00_RTROPTP_2_BERKSHIRE-AGM.JPG" width="130" height="86" alt="Berkshire Hathaway shareholders walk by a video screen at the company&#039;s annual meeting in Omaha" align="left" title="Berkshire Hathaway shareholders walk by a video screen at the company&#039;s annual meeting in Omaha" border="0" /></a>By Jonathan Stempel and Jennifer Ablan (Reuters) - Warren Buffett&#039;s Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped analyst forecasts, reflecting how many of Berkshire&#039;s more than 80 businesses are benefiting from growth, however modest, in the U.S. economy. ...</p><br clear="all"/>http://news.yahoo.com/berkshire-hathaway-second-quarter-profit-rises-46-percent-211724471.htmlFri, 02 Aug 2013 19:44:05 -0400Reutersberkshire-hathaway-second-quarter-profit-rises-46-percent-211724471<p><a href="http://news.yahoo.com/berkshire-hathaway-second-quarter-profit-rises-46-percent-211724471.html"><img src="http://l3.yimg.com/bt/api/res/1.2/I6nukZLm27h6UC69elQ5OA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T213301Z_1_CBRE9711N5O00_RTROPTP_2_BERKSHIRE-AGM.JPG" width="130" height="86" alt="Berkshire Hathaway shareholders walk by a video screen at the company&#039;s annual meeting in Omaha" align="left" title="Berkshire Hathaway shareholders walk by a video screen at the company&#039;s annual meeting in Omaha" border="0" /></a>By Jonathan Stempel and Jennifer Ablan (Reuters) - Warren Buffett&#039;s Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, boosted by improved demand in such businesses as car insurance, energy and railroads, as well as gains from investments and derivatives. Operating results topped analyst forecasts, reflecting how many of Berkshire&#039;s more than 80 businesses are benefiting from growth, however modest, in the U.S. economy. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/u-hiring-data-expected-show-modest-progress-050155865.html"><img src="http://l1.yimg.com/bt/api/res/1.2/8uJC9jzgwAA1z8wI_PVcSQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T221906Z_3_CBRE9710YYU00_RTROPTP_2_CBUSINESS-US-USA-ECONOMY.JPG" width="130" height="86" alt="Job-seeker completes an application at a career fair held by civil rights organization National Urban League as part of its annual conference, in Philadelphia" align="left" title="Job-seeker completes an application at a career fair held by civil rights organization National Urban League as part of its annual conference, in Philadelphia" border="0" /></a>By Jason Lange WASHINGTON (Reuters) - Employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000 last month, the smallest gain in four months and below analysts&#039; expectations, Labor Department data showed on Friday. The lackluster reading reinforced the view that the job market is only inching toward recovery from the 2007-09 recession and weighed on financial markets. ...</p><br clear="all"/>http://news.yahoo.com/u-hiring-data-expected-show-modest-progress-050155865.htmlFri, 02 Aug 2013 18:19:06 -0400Reutersu-hiring-data-expected-show-modest-progress-050155865<p><a href="http://news.yahoo.com/u-hiring-data-expected-show-modest-progress-050155865.html"><img src="http://l1.yimg.com/bt/api/res/1.2/8uJC9jzgwAA1z8wI_PVcSQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T221906Z_3_CBRE9710YYU00_RTROPTP_2_CBUSINESS-US-USA-ECONOMY.JPG" width="130" height="86" alt="Job-seeker completes an application at a career fair held by civil rights organization National Urban League as part of its annual conference, in Philadelphia" align="left" title="Job-seeker completes an application at a career fair held by civil rights organization National Urban League as part of its annual conference, in Philadelphia" border="0" /></a>By Jason Lange WASHINGTON (Reuters) - Employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000 last month, the smallest gain in four months and below analysts&#039; expectations, Labor Department data showed on Friday. The lackluster reading reinforced the view that the job market is only inching toward recovery from the 2007-09 recession and weighed on financial markets. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/american-economy-adds-modest-162-000-jobs-july-214859048.html"><img src="http://l1.yimg.com/bt/api/res/1.2/kiZRsojx8q2TUj3mriAsFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4d2cfeeed5934d19390f6a706700cec9.jpg" width="130" height="86" alt="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" align="left" title="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" border="0" /></a>WASHINGTON (AP) ? The U.S. economy is steadily adding jobs ? just not at a consistently strong pace.</p><br clear="all"/>http://news.yahoo.com/american-economy-adds-modest-162-000-jobs-july-214859048.htmlFri, 02 Aug 2013 18:14:49 -0400Associated Pressamerican-economy-adds-modest-162-000-jobs-july-214859048<p><a href="http://news.yahoo.com/american-economy-adds-modest-162-000-jobs-july-214859048.html"><img src="http://l1.yimg.com/bt/api/res/1.2/kiZRsojx8q2TUj3mriAsFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4d2cfeeed5934d19390f6a706700cec9.jpg" width="130" height="86" alt="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" align="left" title="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" border="0" /></a>WASHINGTON (AP) ? The U.S. economy is steadily adding jobs ? just not at a consistently strong pace.</p><br clear="all"/><p><a href="http://news.yahoo.com/berlusconi-conviction-leaves-italian-government-hanging-193829908.html"><img src="http://l3.yimg.com/bt/api/res/1.2/x.6gFt_CTAdUb5ZJeb0SCw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T193829Z_1_CBRE9711IKV00_RTROPTP_2_CNEWS-US-ITALY-POLITICS.JPG" width="130" height="86" alt="Former Italian Prime Minister Silvio Berlusconi leaves Palazzo Grazioli in Rome" align="left" title="Former Italian Prime Minister Silvio Berlusconi leaves Palazzo Grazioli in Rome" border="0" /></a>By Roberto Landucci ROME (Reuters) - Italy&#039;s center right must push through justice reform or withdraw from the coalition government, Silvio Berlusconi told his People of Freedom (PDL) party on Friday after his conviction for tax fraud was upheld by the supreme court. Just three months after center-left Prime Minister Enrico Letta took office at the head of an uneasy alliance with Berlusconi&#039;s PDL, the euro zone&#039;s third largest economy faces deep uncertainty that may further hinder efforts at reform. ...</p><br clear="all"/>http://news.yahoo.com/berlusconi-conviction-leaves-italian-government-hanging-193829908.htmlFri, 02 Aug 2013 16:49:04 -0400Reutersberlusconi-conviction-leaves-italian-government-hanging-193829908<p><a href="http://news.yahoo.com/berlusconi-conviction-leaves-italian-government-hanging-193829908.html"><img src="http://l3.yimg.com/bt/api/res/1.2/x.6gFt_CTAdUb5ZJeb0SCw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T193829Z_1_CBRE9711IKV00_RTROPTP_2_CNEWS-US-ITALY-POLITICS.JPG" width="130" height="86" alt="Former Italian Prime Minister Silvio Berlusconi leaves Palazzo Grazioli in Rome" align="left" title="Former Italian Prime Minister Silvio Berlusconi leaves Palazzo Grazioli in Rome" border="0" /></a>By Roberto Landucci ROME (Reuters) - Italy&#039;s center right must push through justice reform or withdraw from the coalition government, Silvio Berlusconi told his People of Freedom (PDL) party on Friday after his conviction for tax fraud was upheld by the supreme court. Just three months after center-left Prime Minister Enrico Letta took office at the head of an uneasy alliance with Berlusconi&#039;s PDL, the euro zone&#039;s third largest economy faces deep uncertainty that may further hinder efforts at reform. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/paris-ramps-tourist-security-amid-chinese-concerns-203429637.html"><img src="http://l1.yimg.com/bt/api/res/1.2/o4AYnPgLVFyEnY2FEM6nLw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T203429Z_1_CBRE9711L6000_RTROPTP_2_FRANCE-TOURISTS.JPG" width="130" height="86" alt="French Interior Minister Valls and Junior Minister of Crafts, Business and Tourism Pinel walk near the Eiffel Tower in Paris" align="left" title="French Interior Minister Valls and Junior Minister of Crafts, Business and Tourism Pinel walk near the Eiffel Tower in Paris" border="0" /></a>By Natalie Huet PARIS (Reuters) - France said on Friday it would work harder to safeguard tourists in Paris after a spate of muggings of Asian visitors made such headlines in China that the Chinese embassy demanded action. Interior and Tourism Ministers Manuel Valls and Sylvia Pinel said on a tour of the Louvre and the Eiffel Tower that 200 police had been put on patrol to protect tourists and steps were being taken to help foreigners prevent and report crime. France is the world&#039;s most-visited country and solid tourism revenues are a bright spot in its depressed economy. ...</p><br clear="all"/>http://news.yahoo.com/paris-ramps-tourist-security-amid-chinese-concerns-203429637.htmlFri, 02 Aug 2013 16:34:29 -0400Reutersparis-ramps-tourist-security-amid-chinese-concerns-203429637<p><a href="http://news.yahoo.com/paris-ramps-tourist-security-amid-chinese-concerns-203429637.html"><img src="http://l1.yimg.com/bt/api/res/1.2/o4AYnPgLVFyEnY2FEM6nLw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T203429Z_1_CBRE9711L6000_RTROPTP_2_FRANCE-TOURISTS.JPG" width="130" height="86" alt="French Interior Minister Valls and Junior Minister of Crafts, Business and Tourism Pinel walk near the Eiffel Tower in Paris" align="left" title="French Interior Minister Valls and Junior Minister of Crafts, Business and Tourism Pinel walk near the Eiffel Tower in Paris" border="0" /></a>By Natalie Huet PARIS (Reuters) - France said on Friday it would work harder to safeguard tourists in Paris after a spate of muggings of Asian visitors made such headlines in China that the Chinese embassy demanded action. Interior and Tourism Ministers Manuel Valls and Sylvia Pinel said on a tour of the Louvre and the Eiffel Tower that 200 police had been put on patrol to protect tourists and steps were being taken to help foreigners prevent and report crime. France is the world&#039;s most-visited country and solid tourism revenues are a bright spot in its depressed economy. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/data-leads-restated-annual-sales-rates-u-auto-183630826.html"><img src="http://l2.yimg.com/bt/api/res/1.2/k9GQULrIUodE2ydl.m.vcA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T183630Z_1_CBRE9711FOY00_RTROPTP_2_USA-AUTOSALES.JPG" width="130" height="86" alt="New Ford vehicles occupy the lot at Koons Ford dealership in Fairfax, Virginia" align="left" title="New Ford vehicles occupy the lot at Koons Ford dealership in Fairfax, Virginia" border="0" /></a>DETROIT (Reuters) - The U.S. auto industry&#039;s weaker-than-expected overall sales results for July disappeared on Friday after the federal government released updated data used to compute the annual sales rate each month. The U.S. Bureau of Economic Analysis (BEA) on Friday released the recalculated seasonal factors used to compute the monthly sales pace, resulting in a rate for July of 15.8 million vehicles, according to research firm Autodata. That matched analysts&#039; expectations, rather than falling short - as it looked on Thursday when the rate was 15.67 before the recalculation. ...</p><br clear="all"/>http://news.yahoo.com/data-leads-restated-annual-sales-rates-u-auto-183630826.htmlFri, 02 Aug 2013 14:36:30 -0400Reutersdata-leads-restated-annual-sales-rates-u-auto-183630826<p><a href="http://news.yahoo.com/data-leads-restated-annual-sales-rates-u-auto-183630826.html"><img src="http://l2.yimg.com/bt/api/res/1.2/k9GQULrIUodE2ydl.m.vcA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T183630Z_1_CBRE9711FOY00_RTROPTP_2_USA-AUTOSALES.JPG" width="130" height="86" alt="New Ford vehicles occupy the lot at Koons Ford dealership in Fairfax, Virginia" align="left" title="New Ford vehicles occupy the lot at Koons Ford dealership in Fairfax, Virginia" border="0" /></a>DETROIT (Reuters) - The U.S. auto industry&#039;s weaker-than-expected overall sales results for July disappeared on Friday after the federal government released updated data used to compute the annual sales rate each month. The U.S. Bureau of Economic Analysis (BEA) on Friday released the recalculated seasonal factors used to compute the monthly sales pace, resulting in a rate for July of 15.8 million vehicles, according to research firm Autodata. That matched analysts&#039; expectations, rather than falling short - as it looked on Thursday when the rate was 15.67 before the recalculation. ...</p><br clear="all"/>NEW YORK (Reuters) - U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000, the Labor Department said on Friday. That was below the median forecast in a Reuters poll of 184,000. Compounding that miss, the government also cut its previous estimates for hiring in May and June. At the same time, the jobless rate fell two tenths of a point to 7. ...http://news.yahoo.com/instant-view-u-july-nonfarm-payrolls-162-000-124315887.htmlFri, 02 Aug 2013 13:34:44 -0400Reutersinstant-view-u-july-nonfarm-payrolls-162-000-124315887<p><a href="http://news.yahoo.com/zimbabwe-economic-recovery-hangs-balance-mugabe-victory-171314059.html"><img src="http://l3.yimg.com/bt/api/res/1.2/OPM7Up74ku0BGdn.xmbR.g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T171314Z_1_CBRE9711BU500_RTROPTP_2_ZIMBABWE-ELECTION.JPG" width="130" height="86" alt="People look at crates of tomatoes for sale at the Jambanja market in Chitungwiza, south of Harare" align="left" title="People look at crates of tomatoes for sale at the Jambanja market in Chitungwiza, south of Harare" border="0" /></a>By MacDonald Dzirutwe HARARE (Reuters) - A disputed election victory by Zimbabwean President Robert Mugabe&#039;s ZANU-PF this week threatens a fragile economic recovery as the party warned it would speed up a drive to seize majority stakes in foreign firms. But the win also offers Mugabe&#039;s party an opportunity to mend ties with foreign donors that have suspended support over policy differences with the veteran leader, who appears to have secured a five-year extension to this 33 year rule. ...</p><br clear="all"/>http://news.yahoo.com/zimbabwe-economic-recovery-hangs-balance-mugabe-victory-171314059.htmlFri, 02 Aug 2013 13:13:14 -0400Reuterszimbabwe-economic-recovery-hangs-balance-mugabe-victory-171314059<p><a href="http://news.yahoo.com/zimbabwe-economic-recovery-hangs-balance-mugabe-victory-171314059.html"><img src="http://l3.yimg.com/bt/api/res/1.2/OPM7Up74ku0BGdn.xmbR.g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T171314Z_1_CBRE9711BU500_RTROPTP_2_ZIMBABWE-ELECTION.JPG" width="130" height="86" alt="People look at crates of tomatoes for sale at the Jambanja market in Chitungwiza, south of Harare" align="left" title="People look at crates of tomatoes for sale at the Jambanja market in Chitungwiza, south of Harare" border="0" /></a>By MacDonald Dzirutwe HARARE (Reuters) - A disputed election victory by Zimbabwean President Robert Mugabe&#039;s ZANU-PF this week threatens a fragile economic recovery as the party warned it would speed up a drive to seize majority stakes in foreign firms. But the win also offers Mugabe&#039;s party an opportunity to mend ties with foreign donors that have suspended support over policy differences with the veteran leader, who appears to have secured a five-year extension to this 33 year rule. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/uk-construction-pmi-hits-highest-level-over-three-083445591.html"><img src="http://l.yimg.com/bt/api/res/1.2/c270i_VuCJ4RwGP_qPXuvQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T150945Z_3_CBRE9710NW400_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="A construction crane is seen between two buildings near the Westfield shopping centre in Stratford, east London" align="left" title="A construction crane is seen between two buildings near the Westfield shopping centre in Stratford, east London" border="0" /></a>LONDON (Reuters) - British construction activity jumped sharply in July to hit its highest level in over three years, led by a surge in residential building, a survey of purchasing managers showed on Friday. The Markit/CIPS construction PMI leapt to 57.0 last month, up from 51.0 in June and its strongest level since June 2010. The figure was way above the highest forecast in a Reuters poll of economists. Residential construction, which has been the target of government incentives to boost Britain&#039;s economic recovery, drove overall growth. ...</p><br clear="all"/>http://news.yahoo.com/uk-construction-pmi-hits-highest-level-over-three-083445591.htmlFri, 02 Aug 2013 11:09:45 -0400Reutersuk-construction-pmi-hits-highest-level-over-three-083445591<p><a href="http://news.yahoo.com/uk-construction-pmi-hits-highest-level-over-three-083445591.html"><img src="http://l.yimg.com/bt/api/res/1.2/c270i_VuCJ4RwGP_qPXuvQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T150945Z_3_CBRE9710NW400_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="A construction crane is seen between two buildings near the Westfield shopping centre in Stratford, east London" align="left" title="A construction crane is seen between two buildings near the Westfield shopping centre in Stratford, east London" border="0" /></a>LONDON (Reuters) - British construction activity jumped sharply in July to hit its highest level in over three years, led by a surge in residential building, a survey of purchasing managers showed on Friday. The Markit/CIPS construction PMI leapt to 57.0 last month, up from 51.0 in June and its strongest level since June 2010. The figure was way above the highest forecast in a Reuters poll of economists. Residential construction, which has been the target of government incentives to boost Britain&#039;s economic recovery, drove overall growth. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/stocks-drop-back-mixed-us-jobs-figures-131243214.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ZFjtd_YhZnG0Z8HvLOtF3A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/5c8cf7f2d66e5119390f6a7067006ba0.jpg" width="130" height="86" alt="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" align="left" title="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" border="0" /></a>LONDON (AP) ? A mixed U.S. jobs report took the edge off global stock markets Friday as it raised questions over the pace of growth in the world&#039;s largest economy and when the U.S. Federal Reserve will start reducing its monetary stimulus.</p><br clear="all"/>http://news.yahoo.com/stocks-drop-back-mixed-us-jobs-figures-131243214.htmlFri, 02 Aug 2013 10:29:52 -0400Associated Pressstocks-drop-back-mixed-us-jobs-figures-131243214<p><a href="http://news.yahoo.com/stocks-drop-back-mixed-us-jobs-figures-131243214.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ZFjtd_YhZnG0Z8HvLOtF3A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/5c8cf7f2d66e5119390f6a7067006ba0.jpg" width="130" height="86" alt="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" align="left" title="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" border="0" /></a>LONDON (AP) ? A mixed U.S. jobs report took the edge off global stock markets Friday as it raised questions over the pace of growth in the world&#039;s largest economy and when the U.S. Federal Reserve will start reducing its monetary stimulus.</p><br clear="all"/><p><a href="http://news.yahoo.com/berlusconi-conviction-leaves-italian-government-hanging-075259833.html"><img src="http://l3.yimg.com/bt/api/res/1.2/GfiEOMk.rAViYBfA4PM25g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-01T232552Z_1_CBRE9701T3H00_RTROPTP_2_ITALY-POLITICS-BERLUSCONI.JPG" width="130" height="86" alt="File photo of former Italian PM Berlusconi reacting during a vote session at the Senate in Rome" align="left" title="File photo of former Italian PM Berlusconi reacting during a vote session at the Senate in Rome" border="0" /></a>By Roberto Landucci ROME (Reuters) - Italy&#039;s fragile coalition government, already struggling to contain deep divisions over tax and economic policy, woke up to a whole set of new problems on Friday after Silvio Berlusconi&#039;s conviction for tax fraud was upheld by the supreme court. Just three months after center-left Prime Minister Enrico Letta took office at the head of an uneasy alliance with Berlusconi&#039;s People of Freedom party (PDL), Italy, the euro zone&#039;s third largest economy, is again mired in uncertainty. ...</p><br clear="all"/>http://news.yahoo.com/berlusconi-conviction-leaves-italian-government-hanging-075259833.htmlFri, 02 Aug 2013 08:52:46 -0400Reutersberlusconi-conviction-leaves-italian-government-hanging-075259833<p><a href="http://news.yahoo.com/berlusconi-conviction-leaves-italian-government-hanging-075259833.html"><img src="http://l3.yimg.com/bt/api/res/1.2/GfiEOMk.rAViYBfA4PM25g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-01T232552Z_1_CBRE9701T3H00_RTROPTP_2_ITALY-POLITICS-BERLUSCONI.JPG" width="130" height="86" alt="File photo of former Italian PM Berlusconi reacting during a vote session at the Senate in Rome" align="left" title="File photo of former Italian PM Berlusconi reacting during a vote session at the Senate in Rome" border="0" /></a>By Roberto Landucci ROME (Reuters) - Italy&#039;s fragile coalition government, already struggling to contain deep divisions over tax and economic policy, woke up to a whole set of new problems on Friday after Silvio Berlusconi&#039;s conviction for tax fraud was upheld by the supreme court. Just three months after center-left Prime Minister Enrico Letta took office at the head of an uneasy alliance with Berlusconi&#039;s People of Freedom party (PDL), Italy, the euro zone&#039;s third largest economy, is again mired in uncertainty. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/irans-ahmadinejad-steps-aside-divisive-end-125037773.html"><img src="http://l1.yimg.com/bt/api/res/1.2/UOJv.KX9cTqk6U6gS1RFkw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T125037Z_1_CBRE9710ZON00_RTROPTP_2_CNEWS-US-IRAN-AHMADINEJAD.JPG" width="130" height="86" alt="Iran&#039;s President Mahmoud Ahmadinejad visits Imam Ali shrine in Najaf" align="left" title="Iran&#039;s President Mahmoud Ahmadinejad visits Imam Ali shrine in Najaf" border="0" /></a>By Marcus George DUBAI (Reuters) - Vilified abroad for his blistering attacks against the West, blamed at home for Iran&#039;s economic woes and isolated from the supreme leader who groomed him for power, Mahmoud Ahmadinejad leaves the presidency with few friends and an uncertain future. Iranians elected his opposite - a mild-mannered, moderate member of the clerical establishment - to replace him, doubtless hoping for better times than they endured for eight years under the caustic hardline outsider. ...</p><br clear="all"/>http://news.yahoo.com/irans-ahmadinejad-steps-aside-divisive-end-125037773.htmlFri, 02 Aug 2013 08:50:37 -0400Reutersirans-ahmadinejad-steps-aside-divisive-end-125037773<p><a href="http://news.yahoo.com/irans-ahmadinejad-steps-aside-divisive-end-125037773.html"><img src="http://l1.yimg.com/bt/api/res/1.2/UOJv.KX9cTqk6U6gS1RFkw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T125037Z_1_CBRE9710ZON00_RTROPTP_2_CNEWS-US-IRAN-AHMADINEJAD.JPG" width="130" height="86" alt="Iran&#039;s President Mahmoud Ahmadinejad visits Imam Ali shrine in Najaf" align="left" title="Iran&#039;s President Mahmoud Ahmadinejad visits Imam Ali shrine in Najaf" border="0" /></a>By Marcus George DUBAI (Reuters) - Vilified abroad for his blistering attacks against the West, blamed at home for Iran&#039;s economic woes and isolated from the supreme leader who groomed him for power, Mahmoud Ahmadinejad leaves the presidency with few friends and an uncertain future. Iranians elected his opposite - a mild-mannered, moderate member of the clerical establishment - to replace him, doubtless hoping for better times than they endured for eight years under the caustic hardline outsider. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/u-consumer-spending-inflation-rise-june-123353157.html"><img src="http://l1.yimg.com/bt/api/res/1.2/JwxsYvDjOenC62IxvVjNYg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T123353Z_1_CBRE9710YWM00_RTROPTP_2_WALMART.JPG" width="130" height="86" alt="A customer shops at a Walmart Supercenter in Rogers" align="left" title="A customer shops at a Walmart Supercenter in Rogers" border="0" /></a>WASHINGTON (Reuters) - U.S. consumer spending increased and inflation pushed higher in June, which could strengthen expectations that the Federal Reserve will curtail its bond purchases later this year. The Commerce Department said on Friday consumer spending rose 0.5 percent, lifted by automobile purchases and higher gasoline prices. May&#039;s increase was revised down to 0.2 percent from a previously reported 0.3 percent. June&#039;s increase in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was in line with economists&#039; expectations. ...</p><br clear="all"/>http://news.yahoo.com/u-consumer-spending-inflation-rise-june-123353157.htmlFri, 02 Aug 2013 08:50:26 -0400Reutersu-consumer-spending-inflation-rise-june-123353157<p><a href="http://news.yahoo.com/u-consumer-spending-inflation-rise-june-123353157.html"><img src="http://l1.yimg.com/bt/api/res/1.2/JwxsYvDjOenC62IxvVjNYg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T123353Z_1_CBRE9710YWM00_RTROPTP_2_WALMART.JPG" width="130" height="86" alt="A customer shops at a Walmart Supercenter in Rogers" align="left" title="A customer shops at a Walmart Supercenter in Rogers" border="0" /></a>WASHINGTON (Reuters) - U.S. consumer spending increased and inflation pushed higher in June, which could strengthen expectations that the Federal Reserve will curtail its bond purchases later this year. The Commerce Department said on Friday consumer spending rose 0.5 percent, lifted by automobile purchases and higher gasoline prices. May&#039;s increase was revised down to 0.2 percent from a previously reported 0.3 percent. June&#039;s increase in consumer spending, which accounts for more than two-thirds of U.S. economic activity, was in line with economists&#039; expectations. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/asian-shares-buoyed-u-data-accommodative-central-banks-032636031.html"><img src="http://l2.yimg.com/bt/api/res/1.2/rGfzQ1Wr_jsTZ9FDy_Kv1Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T085752Z_24_CBRE96S0FJA00_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" align="left" title="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" border="0" /></a>By Richard Hubbard LONDON (Reuters) - Major government bond yields and world shares both edged higher on Friday as expectations hardened that the U.S. payrolls report will signal stronger growth and an early cutback in the Federal Reserve&#039;s stimulus efforts. The improving economic outlook and rising yields added strength to the dollar and saw Brent oil pass $110 a barrel but put gold on course for its biggest weekly loss in a month. ...</p><br clear="all"/>http://news.yahoo.com/asian-shares-buoyed-u-data-accommodative-central-banks-032636031.htmlFri, 02 Aug 2013 07:20:25 -0400Reutersasian-shares-buoyed-u-data-accommodative-central-banks-032636031<p><a href="http://news.yahoo.com/asian-shares-buoyed-u-data-accommodative-central-banks-032636031.html"><img src="http://l2.yimg.com/bt/api/res/1.2/rGfzQ1Wr_jsTZ9FDy_Kv1Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T085752Z_24_CBRE96S0FJA00_RTROPTP_2_MARKETS-JAPAN-STOCKS.JPG" width="130" height="86" alt="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" align="left" title="A pedestrian holding an umbrella walks past a stock quotation board displaying various stock prices outside a brokerage in Tokyo" border="0" /></a>By Richard Hubbard LONDON (Reuters) - Major government bond yields and world shares both edged higher on Friday as expectations hardened that the U.S. payrolls report will signal stronger growth and an early cutback in the Federal Reserve&#039;s stimulus efforts. The improving economic outlook and rising yields added strength to the dollar and saw Brent oil pass $110 a barrel but put gold on course for its biggest weekly loss in a month. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/stocks-rise-hopes-more-upbeat-us-data-105442476.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ZFjtd_YhZnG0Z8HvLOtF3A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/5c8cf7f2d66e5119390f6a7067006ba0.jpg" width="130" height="86" alt="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" align="left" title="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" border="0" /></a>LONDON (AP) ? World stocks mostly rose as investors awaited a key U.S. jobs report Friday that they hoped would confirm the recovery in the world&#039;s biggest economy is strengthening.</p><br clear="all"/>http://news.yahoo.com/stocks-rise-hopes-more-upbeat-us-data-105442476.htmlFri, 02 Aug 2013 06:54:42 -0400Associated Pressstocks-rise-hopes-more-upbeat-us-data-105442476<p><a href="http://news.yahoo.com/stocks-rise-hopes-more-upbeat-us-data-105442476.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ZFjtd_YhZnG0Z8HvLOtF3A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/5c8cf7f2d66e5119390f6a7067006ba0.jpg" width="130" height="86" alt="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" align="left" title="People walk by an electronic stock board of a securities firm in Tokyo, Friday, Aug. 2, 2013 as Japan&#039;s Nikkei 225 index surged 3.3 percent to 14,466.16, with export shares boosted by a weakening yen. World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world&#039;s biggest economy. (AP Photo/Koji Sasahara)" border="0" /></a>LONDON (AP) ? World stocks mostly rose as investors awaited a key U.S. jobs report Friday that they hoped would confirm the recovery in the world&#039;s biggest economy is strengthening.</p><br clear="all"/><p><a href="http://news.yahoo.com/solid-us-job-gains-could-bolster-2nd-half-043016923.html"><img src="http://l1.yimg.com/bt/api/res/1.2/kiZRsojx8q2TUj3mriAsFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4d2cfeeed5934d19390f6a706700cec9.jpg" width="130" height="86" alt="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" align="left" title="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" border="0" /></a>WASHINGTON (AP) ? Robust hiring in July would mark a fourth straight month of solid gains, an encouraging sign for a U.S. economy that is still struggling with high unemployment.</p><br clear="all"/>http://news.yahoo.com/solid-us-job-gains-could-bolster-2nd-half-043016923.htmlFri, 02 Aug 2013 06:34:18 -0400Associated Presssolid-us-job-gains-could-bolster-2nd-half-043016923<p><a href="http://news.yahoo.com/solid-us-job-gains-could-bolster-2nd-half-043016923.html"><img src="http://l1.yimg.com/bt/api/res/1.2/kiZRsojx8q2TUj3mriAsFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/4d2cfeeed5934d19390f6a706700cec9.jpg" width="130" height="86" alt="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" align="left" title="FILE - In this Monday, July 15, 2013 file photo, a woman waits to talk with employers at a job fair for laid-off IBM workers in South Burlington, Vt. The government issues the jobs report for July on Friday, Aug. 2, 2013. (AP Photo/Toby Talbot, File)" border="0" /></a>WASHINGTON (AP) ? Robust hiring in July would mark a fourth straight month of solid gains, an encouraging sign for a U.S. economy that is still struggling with high unemployment.</p><br clear="all"/>HONG KONG (AP) ? World stocks were mostly higher as investors awaited key U.S. data later Friday that they hoped would add further evidence of a strengthening recovery in the world's biggest economy.http://news.yahoo.com/world-stocks-rise-hopes-more-upbeat-us-data-085416252.htmlFri, 02 Aug 2013 04:54:16 -0400Associated Pressworld-stocks-rise-hopes-more-upbeat-us-data-085416252<p><a href="http://news.yahoo.com/japan-says-gdp-growth-could-slow-1-percent-083128666.html"><img src="http://l3.yimg.com/bt/api/res/1.2/BI8Xjx6Vr0roaV9Q_lyHGA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T083128Z_1_CBRE9710NPJ00_RTROPTP_2_US-JAPAN-ECONOMY-GDP.JPG" width="130" height="86" alt="Businessmen walk in a convention centre in Tokyo July 18, 2013" align="left" title="Businessmen walk in a convention centre in Tokyo July 18, 2013" border="0" /></a>TOKYO (Reuters) - Japan&#039;s economic growth will slow to 1.0 percent in fiscal 2014/15, less than half the pace expected this year, as a planned sales tax hike weighs temporarily on consumption, government forecasts showed. In fiscal 2013/14, which began in April, Japan&#039;s economy is forecast to expand 2.8 percent as an improving labor market bolsters consumer spending and as policies to end 15 years of deflation start to take hold, the cabinet office said. That is an upgrade from the government&#039;s previous forecast of 2.5 percent growth. ...</p><br clear="all"/>http://news.yahoo.com/japan-says-gdp-growth-could-slow-1-percent-083128666.htmlFri, 02 Aug 2013 04:31:28 -0400Reutersjapan-says-gdp-growth-could-slow-1-percent-083128666<p><a href="http://news.yahoo.com/japan-says-gdp-growth-could-slow-1-percent-083128666.html"><img src="http://l3.yimg.com/bt/api/res/1.2/BI8Xjx6Vr0roaV9Q_lyHGA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T083128Z_1_CBRE9710NPJ00_RTROPTP_2_US-JAPAN-ECONOMY-GDP.JPG" width="130" height="86" alt="Businessmen walk in a convention centre in Tokyo July 18, 2013" align="left" title="Businessmen walk in a convention centre in Tokyo July 18, 2013" border="0" /></a>TOKYO (Reuters) - Japan&#039;s economic growth will slow to 1.0 percent in fiscal 2014/15, less than half the pace expected this year, as a planned sales tax hike weighs temporarily on consumption, government forecasts showed. In fiscal 2013/14, which began in April, Japan&#039;s economy is forecast to expand 2.8 percent as an improving labor market bolsters consumer spending and as policies to end 15 years of deflation start to take hold, the cabinet office said. That is an upgrade from the government&#039;s previous forecast of 2.5 percent growth. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/big-rewards-beckon-angola-little-transparency-080619488.html"><img src="http://l.yimg.com/bt/api/res/1.2/9OeasxOfrHs.h1WiZy53Cg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-08-02T080619Z_1_AJOE9710MIO00_RTROPTP_2_OZATP-ANGOLA-TRANSPARENCY-20130802.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Shrikesh Laxmidas LISBON (Reuters) - Hot to tap into Angola&#039;s booming oil economy for over a decade, foreign investors are finally seeing the country open up new financial avenues. But will woeful transparency and corruption thwart them? Five-star hotel lobbies in the capital Luanda bubble with talk of deals to profit from the country&#039;s economic success, with the government adding to the lure by announcing plans for a $5 billion sovereign wealth fund, a bourse and a Eurobond. ...</p><br clear="all"/>http://news.yahoo.com/big-rewards-beckon-angola-little-transparency-080619488.htmlFri, 02 Aug 2013 04:06:19 -0400Reutersbig-rewards-beckon-angola-little-transparency-080619488<p><a href="http://news.yahoo.com/big-rewards-beckon-angola-little-transparency-080619488.html"><img src="http://l.yimg.com/bt/api/res/1.2/9OeasxOfrHs.h1WiZy53Cg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-08-02T080619Z_1_AJOE9710MIO00_RTROPTP_2_OZATP-ANGOLA-TRANSPARENCY-20130802.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Shrikesh Laxmidas LISBON (Reuters) - Hot to tap into Angola&#039;s booming oil economy for over a decade, foreign investors are finally seeing the country open up new financial avenues. But will woeful transparency and corruption thwart them? Five-star hotel lobbies in the capital Luanda bubble with talk of deals to profit from the country&#039;s economic success, with the government adding to the lure by announcing plans for a $5 billion sovereign wealth fund, a bourse and a Eurobond. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/mediaset-shares-slide-berlusconi-tax-fraud-ruling-073137810.html"><img src="http://l.yimg.com/bt/api/res/1.2/xreYODKVATQT4Xp0Y9Q5MQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T073137Z_1_CBRE9710KWU00_RTROPTP_2_INDUSTRY-US-MEDIASET-SHARES-OPEN.JPG" width="130" height="86" alt="Former Italian Prime Minister Silvio Berlusconi leaves the Justice Palace in Milan November 22, 2011." align="left" title="Former Italian Prime Minister Silvio Berlusconi leaves the Justice Palace in Milan November 22, 2011." border="0" /></a>MILAN (Reuters) - Italian broadcaster Mediaset shares were down more 4 percent on Friday in early trade after its controlling shareholder former Prime Minister Silvio Berlusconi was convicted of tax fraud. Berlusconi on Friday said he was innocent. &quot;The court&#039;s ruling on Silvio Berlusconi has no direct impact on Mediaset, but could be negative if it leads to a new phase of political instability, which could have a negative impact on Italy&#039;s economic outlook,&quot; said ICBPI analyst Stefano Vulpiani. ...</p><br clear="all"/>http://news.yahoo.com/mediaset-shares-slide-berlusconi-tax-fraud-ruling-073137810.htmlFri, 02 Aug 2013 03:31:37 -0400Reutersmediaset-shares-slide-berlusconi-tax-fraud-ruling-073137810<p><a href="http://news.yahoo.com/mediaset-shares-slide-berlusconi-tax-fraud-ruling-073137810.html"><img src="http://l.yimg.com/bt/api/res/1.2/xreYODKVATQT4Xp0Y9Q5MQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T073137Z_1_CBRE9710KWU00_RTROPTP_2_INDUSTRY-US-MEDIASET-SHARES-OPEN.JPG" width="130" height="86" alt="Former Italian Prime Minister Silvio Berlusconi leaves the Justice Palace in Milan November 22, 2011." align="left" title="Former Italian Prime Minister Silvio Berlusconi leaves the Justice Palace in Milan November 22, 2011." border="0" /></a>MILAN (Reuters) - Italian broadcaster Mediaset shares were down more 4 percent on Friday in early trade after its controlling shareholder former Prime Minister Silvio Berlusconi was convicted of tax fraud. Berlusconi on Friday said he was innocent. &quot;The court&#039;s ruling on Silvio Berlusconi has no direct impact on Mediaset, but could be negative if it leads to a new phase of political instability, which could have a negative impact on Italy&#039;s economic outlook,&quot; said ICBPI analyst Stefano Vulpiani. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/gold-heads-biggest-weekly-loss-month-071710037.html"><img src="http://l2.yimg.com/bt/api/res/1.2/EH32P9kIVU5UiqTfU_Kn4A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-08-02T071710Z_1_AJOE9710K8O00_RTROPTP_2_OZABS-MARKETS-PRECIOUS-20130802.JPG" width="130" height="86" alt="A woman holds a one-kilogram gold bar at the headquarters of the Australian Bullion Company in Sydney" align="left" title="A woman holds a one-kilogram gold bar at the headquarters of the Australian Bullion Company in Sydney" border="0" /></a>By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell for a fifth session on Friday, heading for its biggest weekly loss in a month as strong U.S. economic data raised fears the Federal Reserve may start to taper its commodities-supportive stimulus measures. Positive jobless benefits and factory activity data followed stronger-than-expected U.S. GDP numbers this week. The Fed has said its policy remains driven by data, even though it gave no signs in a statement on Wednesday that it was set to wind down its $85 billion monthly bond-buying measures. ...</p><br clear="all"/>http://news.yahoo.com/gold-heads-biggest-weekly-loss-month-071710037.htmlFri, 02 Aug 2013 03:17:10 -0400Reutersgold-heads-biggest-weekly-loss-month-071710037<p><a href="http://news.yahoo.com/gold-heads-biggest-weekly-loss-month-071710037.html"><img src="http://l2.yimg.com/bt/api/res/1.2/EH32P9kIVU5UiqTfU_Kn4A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-08-02T071710Z_1_AJOE9710K8O00_RTROPTP_2_OZABS-MARKETS-PRECIOUS-20130802.JPG" width="130" height="86" alt="A woman holds a one-kilogram gold bar at the headquarters of the Australian Bullion Company in Sydney" align="left" title="A woman holds a one-kilogram gold bar at the headquarters of the Australian Bullion Company in Sydney" border="0" /></a>By A. Ananthalakshmi SINGAPORE (Reuters) - Gold fell for a fifth session on Friday, heading for its biggest weekly loss in a month as strong U.S. economic data raised fears the Federal Reserve may start to taper its commodities-supportive stimulus measures. Positive jobless benefits and factory activity data followed stronger-than-expected U.S. GDP numbers this week. The Fed has said its policy remains driven by data, even though it gave no signs in a statement on Wednesday that it was set to wind down its $85 billion monthly bond-buying measures. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/brent-tops-110-first-time-since-april-economic-071556018.html"><img src="http://l2.yimg.com/bt/api/res/1.2/JBFdydndXZCSoO5zM0O5bQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-08-02T071556Z_1_AJOE9710K6M00_RTROPTP_2_OZABS-MARKETS-OIL-20130802.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Jessica Jaganathan SINGAPORE (Reuters) - Brent crude futures climbed on Friday above $110 a barrel for the first time since early April, as upbeat economic data raised the prospects for better global oil demand amid supply disruptions in Africa and Iraq. U.S. manufacturing grew in July at its fastest pace in two years, while a China industrial index beat expectations this week. European factories also snapped two years of output declines, suggesting a euro zone recession may be near its end. ...</p><br clear="all"/>http://news.yahoo.com/brent-tops-110-first-time-since-april-economic-071556018.htmlFri, 02 Aug 2013 03:15:56 -0400Reutersbrent-tops-110-first-time-since-april-economic-071556018<p><a href="http://news.yahoo.com/brent-tops-110-first-time-since-april-economic-071556018.html"><img src="http://l2.yimg.com/bt/api/res/1.2/JBFdydndXZCSoO5zM0O5bQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2013-08-02T071556Z_1_AJOE9710K6M00_RTROPTP_2_OZABS-MARKETS-OIL-20130802.JPG" width="130" height="86" alt="(Blank Headline Received)" align="left" title="(Blank Headline Received)" border="0" /></a>By Jessica Jaganathan SINGAPORE (Reuters) - Brent crude futures climbed on Friday above $110 a barrel for the first time since early April, as upbeat economic data raised the prospects for better global oil demand amid supply disruptions in Africa and Iraq. U.S. manufacturing grew in July at its fastest pace in two years, while a China industrial index beat expectations this week. European factories also snapped two years of output declines, suggesting a euro zone recession may be near its end. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/uk-house-prices-grow-fastest-rate-nearly-three-060457530.html"><img src="http://l3.yimg.com/bt/api/res/1.2/fWfRzk0DaOzMJnhEjJGBQw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-08-02T060618Z_2_CBRE9710GWC00_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Sold and for sale signs are seen on a new housing development in Kirkham in northern England" align="left" title="Sold and for sale signs are seen on a new housing development in Kirkham in northern England" border="0" /></a>LONDON (Reuters) - British house prices grew at their fastest annual rate for nearly three years last month, mortgage lender Natonwide said on Friday, citing a stronger economy and government mea

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