| | | First-quarter GDP revised up to 1.2 percent | | | WASHINGTON, May 26 (Reuters) - U.S. economic growth slowed less sharply in the first quarter than initially thought, but the weakness was likely an aberration amid a strong labor market that is near full employment. |
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| | | Oil prices see-saw, sterling hit as May's lead shrinks | | | LONDON (Reuters) - Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. |
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| | | China's reforms not enough to arrest mounting debt: Moody's | | | BEIJING (Reuters) - China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at Moody's said. |
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| | | California says VW clean car spending plan has shortcomings | | | SAN FRANCISCO (Reuters) - California regulators said Volkswagen AG's spending plan on clean vehicle infrastructure had shortcomings and that it lacked details on how it would help disadvantaged communities as well as promote hydrogen fuel cell technology. |
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