IBT Staff Reporter

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Stocks' rally to be tested by jobs data

The rally in U.S. stocks, which stumbled in recent days on worries about the economic recovery and continued government stimulus, will be tested this week by crucial data on growth and jobs.

G20 must tackle global imbalances - Trichet

The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank President Jean-Claude Trichet said in comments released on Sunday.

Brown says he won't roll over before next vote

Prime Minister Gordon Brown said on Sunday he would not roll over before the next election, which polls suggest he will lose badly, and dismissed gossip that his health was too poor to fight a strong campaign.

Iran test-fires missiles amid nuclear tension

Iran test-fired missiles on Sunday to show it was prepared to head off any military threat, four days before the Islamic Republic is due to hold rare talks with world powers worried about its nuclear ambitions.

Merkel centre-right hopes at risk as Germans vote

Germans voted on Sunday in a federal election that looks likely to return Chancellor Angela Merkel to power but may deny her the center-right government she says is needed to revive Europe's largest economy.

Kraft set to launch hostile Cadbury bid: report

Kraft Foods Inc is poised to launch a hostile bid for Cadbury Plc valuing the British confectionery business at around 11 billion pounds ($17.6 billion), a report in The Observer newspaper said.

Global rebalancing to weaken dollar, quietly

Twenty-four years ago, major nations called for depreciation of the dollar to rebalance the global economy. Now, as another effort at rebalancing looms, the dollar will again bear the brunt — though officials will try to ensure its fall is less dramatic this time.

ECB's Trichet: G20 must tackle global imbalances

The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank President Jean-Claude Trichet said in comments released on Sunday.

Crawford says Time Warner will sell magazine unit

Time Warner Inc will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, managing director of its largest shareholder, said during a presentation this week.

More tax cases vs wealthy, U.S. banks

The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.

Government steps up prosecution of U.S. tax evaders

The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.

Fed to work with lawmakers on naming borrowers

The Federal Reserve is willing to work with U.S. lawmakers on ways to release names of companies that borrow from the central bank after a time lag so the disclosures do not disrupt markets, a Fed official said.

More tax cases vs wealthy, U.S. banks: U.S. prosecutor

The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.

G20 faces credibility test on markets

The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.

EU's Barroso concerned about G20 climate progress

European Commission President Jose Manuel Barroso expressed concern on Friday that the G20 countries were not moving fast enough to help achieve a United Nations agreement on fighting climate change.

Peru Camisea consortium to auction gas in October

The consortium that operates Peru's massive natural gas field at Camisea is expected to launch an auction in October to sell fuel to the local market, the country's vice minister of energy said on Friday.

Chrysler's board meets, workers rally near Detroit

The Chrysler Group LLC board of directors met on Friday to discuss Chief Executive Sergio Marchionne's plan for revamping the automaker's product line-up at a time of sagging sales, a person with direct knowledge of the plans said.

Toyota raises world '09/10 sales f'cast 3 pct -media

Toyota Motor Corp, has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.

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