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China Finance Min Urges Global Cooperation More than `Severe Challenges’

By Tom Barkley, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- China’s Finance Minister called Friday for globalcoordination to deal with “severe challenges” facing the world economy, sayingbalanced Chinese growth will help support the recovery. “The world economy is now slowly recovering, but the uncertainties anddestabilizing factors are increasing,” Xie Xuren stated in a statement to [...]

UPDATE: Brazil Tombini: Country Prepared To Face Global Downturn

–Brazil’s central bank president reiterates country can cope with globalslowdown –Central bank ready to step into foreign exchange markets if needed –2011 Brazil growth forecast to be lowered later this month (Updates with Tombini remarks around the Central Bank lowering its economicgrowth estimate in the fourth paragraph, comments from the bank’s spokesman inthe fifth paragraph [...]

UPDATE: Brazil Tombini: Country Prepared To Face Global Downturn

–Brazil’s central bank president reiterates country can cope with globalslowdown –Central bank ready to step into foreign exchange markets if needed –2011 Brazil growth forecast to be lowered later this month (Updates with Tombini remarks around the Central Bank lowering its economicgrowth estimate in the fourth paragraph, comments from the bank’s spokesman inthe fifth paragraph [...]

US Stocks Struggle For Direction In Morning Trade

By Steven Russolillo, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- U.S. shares struggled for direction Friday as a pledgefrom global officials to maintain financial stability failed to alleviateinvestor anxiety over a possible Greek default and the domestic economypotentially spiraling into another recession. The Dow Jones Industrial Typical recently rose 17 points, or 0.2%, to [...]

US Stocks Struggle For Direction In Morning Trade

By Steven Russolillo, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- U.S. shares struggled for direction Friday as a pledgefrom global officials to maintain financial stability failed to alleviateinvestor anxiety over a possible Greek default and the domestic economypotentially spiraling into another recession. The Dow Jones Industrial Typical recently rose 17 points, or 0.2%, to [...]