Toyota recalls 373,000 cars in U.S. Toyota Motor announced on Thursday that it intends to conduct a voluntary safety recall involving approximately 373,000 2000-2004 Model Year Toyota Avalons sold in the United States. Japan's core CPI drops for 16 straight month in June Japan's core consumer price index fell 1.0 percent in June from the same time a year earlier, the Ministry of Internal Affairs said in a report on Friday. Chinese gov't approves Geely's purchase of Volvo Zhejiang Geely Holding Group Co is expected to complete it takeover of Swedish luxury car brand Volvo from U.S. automaker Ford Motor Co on Monday after getting Chinese government approval for the deal. • U.S.: slowdown in recovery • China's industrial profit up 71.8 pct in 1H • IMF hails China's policy response in financial crisis • U.S. gov't pushes for comprehensive housing finance reform • China National Gold Group 1st-half profit up 3 fold More

CEOs see complexity of global economy as top challenge: survey A survey shows that global chief executives have ranked the increasing complexity of the global economy as the top challenge facing businesses this decade. U.S. economic recovery slow, further stimulus needed: IMF The U.S. authorities need to take "further decisive action" to keep economic recovery on track, the International Monetary Fund (IMF) said Friday, suggesting fiscal stimulus be kept in place for this year while monetary support be sustained for even longer. U.S. economic recovery slow, outlook uncertain: IMF The U.S. economic recovery has been slow and the outlook remains uncertain with rising downside risks, the International Monetary Fund (IMF) said Friday.

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