Reuters – China’s trade balance could turn to a deficit in March, commerce minister Chen Deming said on Sunday, adding that adjustments to the yuan’s value would not by itself resolve global trade imbalances.
AP – President Barack Obama said Saturday that Congress needs to enact comprehensive financial reforms to protect consumers, keep banks strong and ensure the U.S. economy doesn’t sink into another Great Depression.
AP – Britain’s benchmark stock index was the only main market up Friday after the part-nationalized Lloyds Banking Group issued a buoyant business update. Profit-taking after strong gains this week and renewed fears about the Greek debt crisis kept investors on edge elsewhere.
AP – British stocks led Friday’s advance in global markets after the part-nationalized Lloyds Banking Group issued a buoyant trading update, but the euro continued to founder amid renewed fears about Greek debt crisis.
AP – Most Asian stock markets turned higher Friday as modestly positive reports about the U.S. economy underpinned optimism about the global recovery.
AP – Congressional Democrats on Thursday trimmed their original student loan plans, reduced spending for community colleges, and eliminated early childhood money from a broad rewrite of a college aid bill piggybacked on to fast-track health care legislation.
AP – The government is announcing a recall of some 1.2 million high chairs, saying they pose a fall hazard to children.