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Monday, September 5, 2011 12:03 AM PDT

Today's Reuters Business News Headlines - Yahoo! News: Europe set to fall again as growth gloom hits stocks Tech IPOs could lead the way post-Labor Day Oil specs raise net longs by most since June: CFTC Brent falls below $112 on U.S. recession fears Europe faces week of challenges in debt crisis EU Commission President denies Europe sliding into recession German court bans sales of Samsung's new 7.7-inch tablet China needs to rebalance economy: World Bank chief Honda to recall nearly 1 mln Fit, other models Europe faces week of challenges in debt crisis Italy pledges to meet debt goal as worries grow Greece is moving fast with reforms: finance minister Former German leader calls for "United States of Europe" Slovakia's EFSF vote not before December: coalition party head Quick steps to tackle strong yen needed: Japanese econ ministers Europe set to fall again as growth gloom hits stocks Sun,4 Sep 2011 11:47 PM PDT Reuters - SINGAPORE (Reuters) - European shares were set for sharp losses on Monday after Asian stocks slid and the euro hit a three-week low against the dollar, as fears of a renewed U.S. recession and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets. Full Story Top Tech IPOs could lead the way post-Labor Day Sun,4 Sep 2011 11:38 PM PDT Reuters - NEW YORK (Reuters) - It's been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September. Full Story Top Oil specs raise net longs by most since June: CFTC Sun,4 Sep 2011 11:36 PM PDT Reuters - NEW YORK (Reuters) - Speculators hiked bets on rising U.S. crude oil prices in the week to August 30, raising net long futures and options positions by the largest percentage since June, the U.S. Commodity Futures Trading Commission said on Friday. Full Story Top Brent falls below $112 on U.S. recession fears Sun,4 Sep 2011 11:36 PM PDT Reuters - SINGAPORE (Reuters) - Brent crude fell below $112 a barrel on Monday, as fears of another U.S. recession slowing fuel demand overshadowed supply concerns over a major shutdown of offshore oil production forced by Tropical Storm Lee. Full Story Top Europe faces week of challenges in debt crisis Sun,4 Sep 2011 11:08 PM PDT Reuters - LONDON (Reuters) - Europe faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase pressure for governments to try more radical solutions. Full Story Top EU Commission President denies Europe sliding into recession Sun,4 Sep 2011 11:08 PM PDT Reuters - CANBERRA (Reuters) - European Commission President Jose Manuel Barroso on Monday said he still expected modest growth in Europe and did not anticipate a recession in Europe. Full Story Top German court bans sales of Samsung's new 7.7-inch tablet Sun,4 Sep 2011 11:05 PM PDT Reuters - SEOUL (Reuters) - Samsung Electronics Co has stopped promoting its new tablet computer at Europe's biggest consumer electronics fair after a court-ordered sales injunction in Germany, the latest setback in its global patent battle with Apple Inc. Full Story Top China needs to rebalance economy: World Bank chief Sun,4 Sep 2011 11:03 PM PDT Reuters - BEIJING (Reuters) - China needs to rebalance its economy by boosting consumption since the country cannot rely on exports and investment alone to drive growth over the longer term, World Bank President Robert Zoellick said on Monday. Full Story Top Honda to recall nearly 1 mln Fit, other models Sun,4 Sep 2011 10:53 PM PDT Reuters - TOKYO (Reuters) - Honda Motor Co said on Monday it would recall about 960,000 Fit subcompacts and other models globally to repair defects including malfunctioning power window switches. Full Story Top Europe faces week of challenges in debt crisis Sun,4 Sep 2011 02:41 PM PDT Reuters - (Reuters) - Europe faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase pressure for governments to try more radical solutions. Full Story Top Italy pledges to meet debt goal as worries grow Sun,4 Sep 2011 12:23 PM PDT Reuters - CERNOBBIO, Italy (Reuters) - Economy Minister Giulio Tremonti promised on Sunday to meet Italy's budget commitments after the European Central Bank stepped up pressure for action by the struggling center-right government. Full Story Top Greece is moving fast with reforms: finance minister Sun,4 Sep 2011 09:20 AM PDT Reuters - ATHENS (Reuters) - Greece's finance minister said on Sunday Greece was speeding up structural reforms to exit a debt crisis and dismissed reports about a breach in the nation's relations with its international lenders. Full Story Top Former German leader calls for "United States of Europe" Sun,4 Sep 2011 08:25 AM PDT Reuters - BERLIN (Reuters) - Former German chancellor Gerhard Schroeder on Sunday called for the creation of a "United States of Europe," saying the bloc needed a common government to avoid future economic crises. Full Story Top Slovakia's EFSF vote not before December: coalition party head Sun,4 Sep 2011 08:17 AM PDT Reuters - BRATISLAVA (Reuters) - The Slovak parliament will vote on strengthening the euro zone joint rescue fund in December at the earliest, the head of junior government party said on Sunday, prolonging uncertainty over when the new powers could take effect. Full Story Top Quick steps to tackle strong yen needed: Japanese econ ministers Sun,4 Sep 2011 06:03 AM PDT Reuters - TOKYO (Reuters) - Economics Minister Motohisa Furukawa said on Sunday he and three other economy-related ministers in Japan agreed that measures to respond to a firmer yen need to be compiled quickly to alleviate the negative effect of the currency's appreciation on the domestic economy. Full Story Top

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