Hurdles abound in global recovery

Hurdles abound in global recovery (Reuters)
Posted: 10 Jul 2011 12:02 PM PDT
Reuters - A dismal U.S. jobs report. A European debt crisis for which there is no quick fix. Slowing growth in China.

Posted: 10 Jul 2011 08:13 AM PDT
The outside of the New York Stock Exchange is seen in New York May 13, 2011. REUTERS/Shannon StapletonReuters - Wall Street heads into earnings season this week playing a typical game: Worrying about results a lot, and then rallying on pleasant surprises.


Posted: 10 Jul 2011 01:57 PM PDT
James and Rupert Murdoch (C) and a minder leave the Stafford Hotel in St James's Place, central London July 10, 2011. REUTERS/Olivia HarrisReuters - BSkyB shares will be under pressure again in the coming week after a weekend in which politicians ramped up their rhetoric to derail a proposed $14 billion takeover by U.S. media conglomerate News Corp .




Posted: 10 Jul 2011 04:17 PM PDT
Reuters - British government lawyers are drawing up a plan to block Rupert Murdoch's bid for the pay-TV operator BSkyB, the Independent newspaper reported on Monday.

Posted: 10 Jul 2011 06:11 PM PDT
News of the World employee Francine Packer brings tea and coffee to reporters waiting outside News International headquartes in London July 9, 2011. REUTERS/Luke MacGregorReuters - British government lawyers are drawing up plans to block Rupert Murdoch's bid to buy out the broadcaster BSkyB, the Independent newspaper said on Monday -- a move that could spare Prime Minister David Cameron a potentially damaging parliamentary vote.


Posted: 08 Jul 2011 07:13 AM PDT
US stocks ended the week with a modest gain, despite being punished on Friday by a disappointing jobs report that showed growth was still limping along in the world's largest economy.(AFP/Saul Loeb)AFP - US stocks dropped sharply as markets opened on Friday, wiping out the previous day's gains after disappointing data on unemployment dashed hopes that the economic recovery might be regaining speed.


Posted: 09 Jul 2011 03:40 AM PDT
Reuters - President Barack Obama said on Saturday political sacrifices will be needed by both Democrats and Republicans to break a budget impasse and avoid a looming debt default.

Posted: 10 Jul 2011 03:02 PM PDT
In this Tuesday July 5, 2011 photo Inma Rodriguez moves some half-packed boxes of clothes in her home in Alcala de Henares near Madrid. Inma is packing for a trip she dreads. Any day now, for defaulting on her mortgage, she'll be evicted from the apartment where she's lived for 30 years and raised two children. As in many European countries, Spanish mortgages are not like US-style ones in which defaulters can return the keys to the bank and walk away from their debt, albeit with their credit rating in ruins. Here, mortgage holders not only have to give the house back, but also pay off bank debt. If they cannot, upon their death it is passed on to their children. (AP Photo/Paul White)AP - Inma Rodriguez lost her job, and now that she's defaulted on her mortgage, she's about to lose her home. But the nightmare doesn't end there: Once creditors kick her out, she'll still need to pay back the money she borrowed to buy her house.


Posted: 10 Jul 2011 02:58 PM PDT
A woman walks past a graffiti that says 'IMF = Eternal Love' at a closed building, Thursday, July 7 2011, in downtown Porto, Portugal. Portugal's financial plight has deepened. Borrowing rates jumped higher and stocks slumped after its bonds were downgraded to junk status. Portugal's hopes of slowly emerging from its debt crisis were knocked by ratings agency Moody's, which downgraded Portugal's debt four notches and said the country will likely follow Greece in needing a second rescue package.(AP Photo/Paulo Duarte)AP - The eurozone's hope that it could enjoy a summer lull in its crisis has vanished as quickly as it appeared.


Posted: 10 Jul 2011 01:10 PM PDT
A Libyan rebel fires his weapon at the front line on the eastern ridge of the Nafusah Mountains in Western Libya, on the outskirt of Gualish. Forces loyal to Moamer Kadhafi launched a counter-attack on Sunday against rebel advance positions southwest of Tripoli, an AFP correspondent said, as rebels cut off an oil pipeline used to supply the Libyan strongman's forces.(AFP/Marco Longari)AFP - Forces loyal to Moamer Kadhafi launched a counter-attack on Sunday against rebel advance positions southwest of Tripoli, an AFP correspondent said, as rebels cut off an oil pipeline used to supply the Libyan strongman's forces.


Posted: 10 Jul 2011 06:35 PM PDT
Reuters - John Boehner, the top Republican in Congress, told White House talks on Sunday that budget cuts must exceed the amount by which the debt ceiling is raised and said any deal must exclude tax hikes.

Posted: 10 Jul 2011 12:33 PM PDT
Farmers hold placards and shout anti-government slogans during a protest against the recent fuel price hike in the northern Indian city of Chandigarh July 8, 2011. India's fuel inflation eased in late June on lower petrol and other decontrolled (or market-determined) fuel prices, but the recent hike in state-set fuel prices is seen keeping headline inflation high and pressure the central bank to raise rates further later this month. REUTERS/Ajay Verma (INDIA - Tags: CIVIL UNREST POLITICS ENERGY BUSINESS IMAGES OF THE DAY)AP - The average U.S. price of a gallon of gasoline has dropped about a penny in the past two weeks.

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