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German carmakers party under China cloud German carmakers party under China cloud For the home team of BMW, Daimler and Volkswagen, as well as European rivals such as PSA Peugeot Citroen, China`s downturn also threatens to weigh on already weak emerging markets and put a damper on recovering demand at home.
China issues state-firm reform plans, expects results by 2020 China issues state-firm reform plans, expects results by 2020 The guidelines, jointly issued by the Communist Party`s Central Committee and the State Council, China`s cabinet, will help improve corporate governance and asset management, the official Xinhua news agency said. 
US federal budget deficit shrinks US federal budget deficit shrinks The budget deficit stood at $64.4 billion in August, 50 percent less than the amount recorded a year ago Xinhua quoted the US Treasury Department as saying on Friday.
US dollar traded mixed US dollar traded mixed The PPI report indicated relatively low inflation level, therefore lowering market expectation for an interest-rate hike as early as this month.
Crude oil may slide to $20 a barrel, warns Goldman Sachs Crude oil may slide to $20 a barrel, warns Goldman Sachs Crude futures fell on Friday after Wall Street`s most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China`s economy.
Eurozone growth not strong enough to create jobs: ECB Eurozone growth not strong enough to create jobs: ECB Growth is picking up in the 19-country eurozone, but not enough to create jobs in the region, a member of the European Central Bank`s executive board said in an interview published Friday.
Oil falls more than 2 percent after Goldman cuts forecasts Oil falls more than 2 percent after Goldman cuts forecasts Goldman cut its 2015 Brent price forecast to $53.70 a barrel from $58.20, and said it saw 2016 Brent prices at $49.50, down from its earlier $62 forecast.
China bank lending falls back in August China bank lending falls back in August China`s bank lending retreated in August, the central bank said Friday, after a sharp rise in July when the government directed funds into the stock market.
Global economy Weekahead: Fed to dominate week of central bank meetings Global economy Weekahead: Fed to dominate week of central bank meetings The U.S. Federal Reserve takes centre stage in the coming week, eclipsing industry data from China, another grim inflation reading from the euro zone and rate decisions in Japan and Switzerland.
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