U.S. warns export giants not to rely too much on U.S. consumers

The United States on Friday pressed the world's leading exporters, including Germany and Japan, to generate more economic growth within their borders, warning that the world could not rely too much on U.S. consumers.

Africa

Ghana oil refinery breakdown a symbol of economic woes

When it opened in 1963, Ghana's oil refinery symbolized pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of the continent's brightest stars.

China makes big cut in bank reserve requirement to fight slowdown

China's central bank on Sunday cut the amount of cash that banks must hold as reserves, the second industry-wide cut in two months, adding more liquidity to the world's second-biggest economy to help spur bank lending and combat slowing growth.

U.S. presses Mexico to ease poultry import limits brought by bird flu

The United States is pressing Mexico, the top importer of U.S. chickens and turkeys, to relax restrictions imposed on poultry shipments because of an outbreak of a strain of avian flu deadly to birds, an Agriculture Department spokeswoman confirmed on Friday.

Grilled: Lexus seeks design edge over premium rivals

Big may be beautiful, but Toyota Motor Corp's (7203.T) global design chief is betting that edgy is the way to go for the Japanese automaker's premium Lexus brand, specifically its signature 'spindle grille' design.

PSA Peugeot Citroen and Dongfeng to develop small-car platform

PSA Peugeot Citroen (PEUP.PA) and China's Dongfeng Motor Group (0489.HK) will spend 200 million euros ($216 million) to develop a technology platform for small cars that will help to give them more products to boost sales in southeast Asia and China.

Foreign automakers double down on China bets despite slowing growth

Foreign automakers continue to plough money into factories in China, the world's largest car market, even as the biggest economic slowdown in a quarter of a century crimps sales growth.

Shanghai GM to invest $16 billion to develop new vehicles

Shanghai GM, a joint venture between General Motors (GM.N) and Chinese automaker SAIC Motor Corp (600104.SS), plans to spend 100 billion yuan ($16.14 billion) over the next five years to develop new vehicles, Shanghai GM President Wang Yongqing said on Sunday.

Texas House approves bill that limits city bans on fracking

A bill that would stop Texas cities from enacting their own bans on hydraulic fracturing in the nation's top crude oil and natural gas producing state was approved on Friday in the state House of Representatives.

Slowing economy won’t alter Xi’s ‘China Dream’

China’s gross domestic product growth has slowed to 7 percent, it was announced this week. That’s somewhat anaemic when compared to what the world has come to expect from the second-largest economy.

Germany to raise growth forecasts next week: sources

The German government is on the verge of raising its growth forecasts for this year and next, but its new projections will be more conservative than those published by leading economic institutes earlier this week, two government sources told Reuters.

SunGard to explore possible $10 billion sale - sources

Financial technology company SunGard Data Systems Inc is preparing to appoint financial advisers to explore a sale that could value it at as much as $10 billion, including debt, people familiar with the matter said on Friday.

Russia denies German report it is ready to sign gas deal with Greece

Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens' depleted state coffers.

IMF nations point to exchange rate, geopolitical risks

The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects."

BMW recalls 91,800 Mini Coopers to fix air-bag sensor

BMW (BMWG.DE) is recalling 91,800 Mini Coopers in the United States to replace a defective sensor that may prevent the front passenger seat air bag from deploying in a crash, the German automaker said on Saturday.

New Zealand says Canada must get serious on Pacific trade pact

Canada must make a meaningful offer to open its markets under a Pacific trade pact now that the United States is moving ahead with a key piece of trade legislation, New Zealand Trade Minister Tim Groser said on Friday.

Greece scrapes bottom of barrel in hunt for cash to stay afloat

Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.

U.S. consumer prices edge up, supporting Fed rate rise

U.S. consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of an uptick in inflation that should keep the Federal Reserve on course to start raising interest rates this year.

Investors look to earnings for market direction

Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.

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