UBS upgrades global financials to Overweight from Underweight on a healing global economy, rebuilt capital, and the sector's shift "from being a net issuer to a net distributor of cash." Furthermore, the U.S. banking sector ( XLF ) is taken to Overweight as balance sheet strength and attractive ... WASHINGTON (Reuters) - Global finance officials on Saturday said monetary policy alone was not enough to restore confidence in the shaky global economy as they urged countries to take other steps to reinvigorate growth and create jobs. FedEx FDX reduced its earnings per share guidance for the quarter ended Aug. 31 to $1.37-$1.43, based on the effect of the weaker-than-expected global economy and the beleaguered express segment. This updated fiscal first-quarter guidance falls below the $1.46 earned in the prior-year period and is ... MELBOURNE (Reuters) - Top global miner BHP Billiton sees the global economy remaining fragile in the near term and warned that economic growth could slow in the medium term, echoing recent comments from rival Rio Tinto . ENNISKILLEN, Northern Ireland, June 18 (Reuters) - Following is the section of a communique agreed by the leaders of the G8 powers at a two-day summit on the global economy. LONDON/NEW YORK, May 23 (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam. WASHINGTON (Reuters) - A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan. AYLESBURY, England, May 11 (Reuters) - The euro zone crisis is no longer the main risk for the global economy, German Finance Minister Wolfgang Schaeuble said on Saturday, adding that a "relatively high level of liquidity" could cause problems. * Action needed to boost confidence in global economy, IMF says NEW YORK (Reuters) - The plunge in the gold price in the past week may have raised a big red flag over the global economy.