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Date:  Saturday, 31 July, 2010  :: 07:25

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Finance News Headlines
US stocks bounce back
Wall Street stocks recovered on Friday from huge losses stemming from government data showing a slowdown in the US economic recovery.
Mazda narrows losses in first quarter
Japan 39s Mazda Motor Corp says it incurred a 2.1 billion yen net loss in the first quarter down from 21.52 billion yen a year earlier.
US stocks close narrowly mixed
US stocks have closed narrowly mixed after the government 39s gross domestic product report showed that the US economy 39s growth is slowing.
World oil prices rise
World oil prices climbed on Friday as investors shrugged off concerns that the US economic recovery could stall.
European stocks close lower
European stock markets closed lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery.
US economic growth slows to sluggish pace
There are signs Americas economic recovery is starting to fizzle out.
IMF lowers Spain growth forecast, warns of 'fragile' rebound
WASHINGTON AFP - The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.
Greek military to aid fuel shortage from truckers strike
ATHENS AFP - Greece dispatched military trucks Friday to alleviate a nationwide fuel shortage caused by striking truckers which has disrupted freight transport and travel in the busy tourist season.
US growth & #39;welcome sign & #39;: Obama
President Barack Obama says four consecutive quarters of US economic growth is a quotwelcome sign quot of recovery but more is needed.
Areva reports profit surge from sale of asset
PARIS AFP - French nuclear group Areva on Friday reported a surge in first half net earnings to 843 million euros 1.1 billion dollars from 143 million a year earlier that it attributed to a key asset sale.
Siemens to resume full-time work rotas
FRANKFURT AFP - German industrial group Siemens said Friday that it has resumed full-time work schedules at German sites owing to a pick-up in demand following the lead of the auto industry.
IMF warns France on deficit
WASHINGTON AFP - The IMF warned France on Friday that it would fail to meet its goal of reducing the public deficit to 3.0 percent of output in 2013 unless it made quotfurther efforts quot to curb spending.
Alitalia halves losses in first half of 2010
MILAN AFP - Italys struggling flag-carrier Alitalia said Friday it had almost halved its net loss in the first half of 2010 to 164 million euros 214 million dollars from 324 million euros last year.
Japan's Mazda narrows losses in first quarter: Kyodo
TOKYO AFP - Japans Mazda Motor Corp said Friday it had incurred a 2.1 billion yen 24.
Eurozone inflation rises sharply to 1.7 percent: EU
BRUSSELS AFP - Inflation in the 16-nation eurozone is expected to rise sharply to 1.

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