Economic News Headlines

Merkel seeks help for EU jobless, critics call it electioneering

* Merkel holds summit with euro zone jobless at record high

6:00pm EDT

UPDATE 2-Pimco Total Return Fund posts record outflows of $9.6 bln

NEW YORK, July 2 - Pimco Total Return, the world's largest bond fund, suffered record large outflows in June, in a second straight month of withdrawals amid carnage in the bond market that have reduced the fund's assets by 8.5 percent, data from Morningstar showed on Tuesday.

Stocks, Bonds News, Bonds, Markets, Mutual Fund Center, ETFs News, Financials 5:13pm EDT

UPDATE 4-Second ministerial resignation plunges Portugal into crisis

* Coalition stability in question as PM Coelho raises stakes

Bonds News, Bonds, Markets, Portugal 4:41pm EDT

TABLE-U.S. May factory orders up 2.1 pct

July 2 - U.S. Commerce Department seasonally adjusted data on U.S. factory orders, shipments and unfilled orders. ORDERS-PCT CHANGES: May April March New Orders 2.1 1.3 -4.7 Ex-Transportation 0.6 0.2 -2.8 Ex-Defense 2.0 0.8 -4.0 Manufacturing with unfilled orders 5.0 4.8 -8.0 Durables 3.7 3.6 -5.9 Primary Metals 0.8 2.3

10:00am EDT

Canadian manufacturing PMI growth eases in June

TORONTO, July 2 - Canada's manufacturing growth slowed in June, pulling back from a sharp gain in May, suggesting that sluggish global demand is still weighing on the country's export-oriented economy.

Markets, Stocks, Bonds News, Bonds, Financials 9:29am EDT

Mon, Jul 1 2013

PRESS DIGEST - British Business - July 2

July 2 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Stocks, Regulatory News, M&A, Markets, Airlines, Media 01 Jul 2013

Mexico June manufacturing growth dips to over 2-year low

MEXICO CITY, July 1 - Mexican manufacturing sector growth slowed in June to a 27 month-low on weakness in new orders and output, a survey showed on Monday, suggesting Latin America's no. 2 economy remains sluggish.

01 Jul 2013

TABLE-U.S. May construction spending rises 0.5 pct

July 1 - U.S. Commerce Department seasonally adjusted annual rates of construction spending, with comparisons: PERCENT CHANGE: May April May'13/12 Total Spending 0.5 0.1 5.4 Private Spending unch 0.3 10.6

01 Jul 2013

Brazil manufacturing barely expands in June - PMI

SAO PAULO, July 1 - Brazil's manufacturing activity grew very slowly in June, signalling a tentative recovery in the beleaguered sector lost steam as rising prices hurt demand.

Markets, Financials 01 Jul 2013

UPDATE 3-Japan business mood turns positive, BOJ may upgrade econ view

* Big manufacturers' sentiment index +4 vs -8 in March * Large non-manufacturers' mood also improves - tankan * Big firms project 5.5 pct rise in FY2013/14 capex * Robust spending giving firms room to raise prices * BOJ seen standing pat, may revise economic assessment By Leika Kihara and Tetsushi Kajimoto TOKYO, July 1 - Japanese manufacturers' sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched cent

Markets, Currencies 01 Jul 2013

Politics Video

Obama wraps up Africa tour

Obama wraps up Africa tour

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McCain, Biden coming together for Sedona, Arizona forum

These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.