U.S. stocks are resuming a steady climb amid humdrum economic recovery

Stagnant wages. Slow economic growth. Stubborn unemployment. Economists call the prevailing gray economic landscape the new normal.

Breakdown of Brazilian GDP ugly for Rousseff

Brazil might have limped out of a recession during the third quarter - but a breakdown of Friday's GDP numbers suggests that the growth is likely to be short-lived.

ECB's Draghi warns countries to reform as clouds gather over euro zone

(Reuters) - Failure to reform and shield weaker members threatens to divide the euro zone, the head of the European Central Bank warned on Thursday, amid fresh signs the currency bloc's economy is losing speed.

U.S. economy picks up speed

The U.S. economy grew at a faster pace in the third quarter than originally reported, another sign that the recovery is picking up speed.

Slow economic growth to be 'prolonged', says Bank economist

Many of the world's major economies face a prolonged period of slow growth, according to the Bank of England's chief economist, Andy Haldane.

Falling inflation a worry for Europe but also the world

(Reuters) - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy.

China's rate-cut likely to hurt banks, curb new loans to small borrowers

SHANGHAI (Reuters) - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

How Major Cities Dragged Down the Economic Recovery

In yet another reminder of how uneven the U.S. economic recovery has been in recent years, a new study shows that many large cities continue to reel from a fiscal crisis that has forced serious cuts in services that affect everyday Americans – including police and fire.

Aso Warns on Speed of Yen Drop While Saying Rate Is Up to Market

Japan’s finance chief said the yen has been weakening too fast over the past week, the strongest statement yet by one of the nation’s top policy makers as the central bank’s expanded stimulus drives down the exchange rate.

Gradual U.S. housing recovery on track as single-family starts rise

(Reuters) - Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/2-year high, suggesting the housing market was still on a recovery path.

Ghana Seen Cutting Budget Gap in 2015 as IMF Program Unfolds

Ghanaian Finance Minister Seth Terkper is set to outline plans today to rein in the budget deficit that may include spending cuts requested by the International Monetary Fund.

U.S. producer inflation up, but underlying trend muted

(Reuters) - U.S. producer prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could bolster the Federal Reserve's resolve to keep interest rates very low a bit longer.

Euro zone's troubles, gold vote test Swiss central bank

(Reuters) - The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven.

U.S. data points to strong spending ahead of holiday shopping frenzy

(Reuters) - Most U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

After plea deal, Credit Suisse faces U.S. hearing on pension business

(Reuters) - Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans' retirement funds after its decision to plead guilty to tax crimes.

India and US reach WTO breakthrough over food

India and the US have resolved their disagreements on food security issues, paving the way for the implementation of a global trade pact.

Pay growth beats inflation as jobless total falls, ONS says

Growth in average pay for UK workers overtook inflation for the first time in five years, according to data from the Office for National Statistics.

China pays big to expand its clout along the new Silk Road

(Reuters) - China, already at the centre of world trade, plans to spend billions of dollars to revive intercontinental land routes and develop maritime links to expand commerce and give it more weight in a freight system dominated by European shipping lines.

Senior EU aide defends Juncker on Luxembourg tax deals

(Reuters) - A senior aide defended European Commission President Jean-Claude Juncker on Monday against charges of having provided a haven for corporate tax avoidance in Luxembourg, saying the entire new EU executive was committed to stamping out tax evasion.

Why interest rates won't rise any time soon

Interest rates will remain on hold beyond next year’s general election, the Bank of England is expected to signal this week, in an environment of lower inflation, weak wage growth and increasing eurozone headwinds.

US unemployment rate falls to lowest level since 2008

The US unemployment rate fell to its lowest level since 2008 on Friday, in a move hailed as a sign of progress by economists despite 9 million people remaining out of work.

ECB could pump €1tn into eurozone in fresh round of quantitative easing

The European Central Bank is ready to pump up to €1tn (£782bn) of fresh stimulus into the flagging eurozone economy to ward off a dangerous deflationary spiral, Mario Draghi has signalled.

House prices slow amid rate worries, says the Halifax

Concern over interest rate rises could "curb" house buying intentions, the Halifax has said, as it reported slowing house price growth.

India Said to Pull Warships From Kolkata on Terror Threat

India pulled two naval warships out of the Kolkata port yesterday after receiving intelligence that they might be targeted by terrorists, a navy officer familiar with the matter said.

Obama, Fed's Yellen to discuss long-term U.S. economic outlook: White House

(Reuters) - President Barack Obama and Federal Reserve Chair Janet Yellen were set to discuss the long-term outlook for the U.S. economy and the outlook for the global economy during an Oval Office meeting on Monday afternoon, Obama's spokesman said.

Britain's Islamic finance market widens with government, private moves

(Reuters) - The scope of Britain's Islamic finance market is widening with several initiatives from the government and private sector, although the country is about to lose one of its six full-fledged Islamic banks.

Fed's Kocherlakota defends dissent, cites drop in inflation outlook

(Reuters) - The lone Federal Reserve policymaker to dissent against the U.S. central bank's decision this week to end its bond-buying stimulus said Friday that the Fed was risking its credibility by failing to take action against a worrisome drop in inflation.

Royal Bank of Scotland sets aside £400m for forex-rigging fines

Royal Bank of Scotland is the latest bank preparing for a fine for rigging the currency markets, by setting aside £400m to cover the cost of the investigation into the £3.5tn-a-day market.

US economy grew at 3.5 percent rate in Q3

WASHINGTON (AP) -- The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.