France to raise VAT to fund company tax breaks

The French government has said it will raise value added tax and cut public spending in order to fund tax credits for firms that keep jobs in France.

Hungary says EU cut in its funds would be a shame

(Reuters) - The European Union risks undermining the credibility of its drive against national budget overshoots if it strips Hungary of structural funds as punishment for running an excessive deficit, a leader of the ruling Fidesz party said.

South Sudan could pump some oil by end-Nov: minister

JUBA (Reuters) - South Sudan could resume producing up to 230,000 barrels per day (bpd) of oil within a month, its oil minister said on Saturday, after a nine-month shutdown that has battered the country's economy.

Obama, Romney take aim at key Midwestern swing states

HILLIARD, Ohio (Reuters) - President Barack Obama and Republican Mitt Romney made late pitches in the political battlegrounds of the upper Midwest on Friday, a region likely to decide the winner in next week's closely fought election for the White House.

Indonesia Growth Seen Exceeding 6% Reduces Need for Rate Cut

Indonesia’s economic growth probably held above 6 percent last quarter, as domestic spending and rising investment countered falling exports, giving the central bank room to refrain from cutting interest rates.

Greek Stocks Tumble Amid Concerns on Government Stability

Greek stocks are headed for the biggest weekly retreat in four years as coalition government lawmakers squabble over austerity measures needed to guarantee the flow of bailout funds and keep the nation in the euro.

Canada economy shrinks in August, clouds outlook

OTTAWA (Reuters) - The Canadian economy shrank in August for the first time in six months, an unexpected contraction that pointed to a sharp slowdown in third-quarter growth and reinforced the Bank of Canada's message that interest rate hikes are less imminent.