The Chinese economy is slowing down and there can be no denying it

The China slowdown is real and central banks pumping up stock markets with cash and confidence is not going to reverse that situation.

EU's 2016 stress test will include 50-60 euro zone banks

Between 50 and 60 euro zone banks will be included in next year's stress test of top EU lenders, fewer than half of the number in the 2014 exercise, a European Central Bank spokeswoman said on Friday.

Canada Stocks Jumps to Join Global Rally After U.S. GDP Report

Canadian stocks advanced for the best three-day rally this year, as crude prices jumped and the U.S. economy grew more than forecast amid a relief rally in global stocks.

Three signs the British economy is recovering nicely

Strong demand for summer clothing pushed up UK retail sales in August, as expectations for employment growth climbed to a 15 year high, according to Britain's biggest business lobby group.

EU reforms would benefit other nations, says George Osborne

George Osborne will tell European leaders during a whistlestop tour of capital cities that Britain’s bid to reform the EU will also benefit their nations.

Could China's Yuan Devaluation Spark a New Financial Crisis?

Asia’s biggest economy is slowing, the Federal Reserve is about to kick off an interest rate tightening cycle, and China has just devalued its currency.

Price cuts and rise in orders quicken pace of eurozone business growth

Eurozone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building a bigger backlog of work, according to a new survey.

JPMorgan Warns This Emerging-Market Credit Strength May Fizzle

Try figuring this one out: Emerging-market stocks have gotten pummeled over the past few weeks while corporate bonds from the same regions have outperformed many other assets.

China's net foreign exchange selling at $38.9 billion in July, indicating big outflows

BEIJING: China's central bank and commercial banks sold a net $38.9 billion in foreign exchange in July, the biggest sales on record, official data showed, indicating big capital outflows as well as suspected intervention to prop up the exchange rate.

Greece crisis: Eurogroup agrees to third bailout

Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone.

Vietnam Seen Devaluing Further After Busting Limit of 2% Decline

Vietnam’s central bank looks set to devalue the dong again after busting through its goal of limiting depreciation to 2 percent this year as China’s yuan weakened.

East Tops West in Europe as Consumers Power Economic Rebound

A rosier economic outlook is spreading cheer in the euro area. Look further east and the news is even better.

Russian Recession Finds No Bottom as Economic Skid Worsens

How low can it go? Russia, which Moody’s Analytics estimates entered a recession in the first quarter, may be in for a rough ride.

China's inflation rate rises to 1.6% in July, missing a government target

China's consumer inflation rate hit its highest level this year in July, but is still well below the government target of about 3%.

Dollar Rules as Investors Brace for Jobs Data Clues on Fed Rates

A gauge of the dollar was set for a weekly gain before a U.S. Labor Department report on Friday that may bolster speculation the Federal Reserve will raise interest rates as soon as next month.

Annual house price growth slowed in July, says Halifax

Growth in UK house prices slowed in the year to July, the country's largest mortgage lender has said, although they are still rising "robustly".

Puerto Rico is not Greece

Puerto Rico defaulted on its debt by paying only a fraction of what was due on bonds due August 1.

Strong pound holding back UK exports, says key survey

The strength of the pound is holding back UK exports and keeping factory output barely above recession levels despite a rise in activity in the eurozone.

Eurozone inflation and unemployment hold steady in July

Inflation in the eurozone held steady in July, as falling energy prices offset rises in industrial goods.

Japan's inflation edges up as households shut their wallets

The Bank of Japan's (BOJ) efforts to reach its 2 percent inflation target didn't get much of a boost from the latest data, with the country's core consumer price index for June barely budged and as households unexpectedly snapped their wallets shut.

Fed meeting could bring more volatility than expected

No matter how much it tries to avoid it, the Fed could get markets spinning on a fresh round of rate hike speculation Wednesday.

Scottish government turning to more private money for public projects

The Scottish government is turning to increased private-sector funding to pay for a multibillion pound spending programme after a Brussels ruling that has delayed major public projects in Scotland.

Germany open to discuss euro zone budget with own tax: Spiegel

BERLIN (Reuters) - Germany is willing to discuss the creation of a euro zone finance minister who would have his own budget and raise extra taxes, the German magazine Der Spiegel reported on Saturday.

Global mining industry faces up to a deep malaise

The party is over in the mining industry – again. There is a strong whiff of 2009, the year after the great financial crisis.

Greece crisis: MPs pass crucial bailout reforms

Greece has taken a crucial step towards a bailout after its parliament passed a second set of reforms. The passage of the measures means that negotiations on an €86bn European Union bailout can begin.

Fed directs 8 biggest US banks to hold extra capital

WASHINGTON (AP) -- Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

CBI urges Cameron to lift skilled migrant limit

David Cameron is risking the economic recovery by refusing to lift the cap on skilled foreign workers coming to the UK, the CBI has said.

China must learn lessons from stock market rout: vice finance minister

LONDON (Reuters) - China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.

Canadian factory sales edge higher

Canadian factory sales rose slightly less than expected in May from April, edging up 0.1 per cent on aerospace and petroleum and coal products, Statistics Canada said on Wednesday.

Pound jumps as Mark Carney says rate rise moving closer

The pound rose by a cent against the dollar after Bank of England governor Mark Carney said the time for an interest rate rise was getting closer.

Putin Calls U.S. Debt ‘Serious Problem’ as He Defends Greece

Russian President Vladimir Putin warned of dangers to the global economy from U.S. borrowing while saying Greece isn’t solely to blame for its debt crisis.

China's rich seek shelter from stock market storm in foreign property

Real estate agents in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s stock markets.

Yellen speech could offer rate clues

Traders might want to postpone lunch Friday. Federal Reserve chair Janet Yellen is giving a speech on the outlook for the U.S. economy — and will field questions from the audience — that could offer clues into the U.S. central bank’s most current thinking about the timing of its interest rate hikes.

Halifax: House prices hit £200,000 record

The average cost of properties in the UK has exceeded £200,000 for the first time, according to the Halifax. It said house prices jumped by 1.7% in June compared with the previous month, marking their fourth consecutive monthly rise.

US job openings stay high, but actual hiring falters in May

WASHINGTON (AP) — Job openings stayed close to a 15-year high in May. It's a sign that companies are expecting continued economic growth, but the level of advertised jobs has yet to drive the same kind of increase in actual hiring.

Greek Vote Reverberates in Global Markets; G-7 Working on Response

The danger of contagion from Greece’s referendum rejecting a European aid offer is testing the world’s most-developed nations again, after eight years of rolling financial crises.

Brazilian Real Leads Emerging-Market Declines as Support Eases

Brazil’s real led declines among emerging-market currencies after the central bank said it would ease its support even as inflation accelerates.

Greeks Prepare Landmark Referendum on Future Like It’s 1974

With banks shut and coffers running dry, Greece is rushing to organize a hastily called vote the country can ill afford. It’s not just that Sunday’s vote could threaten the country’s place in the euro. It also may put more strain on the government’s and the population’s shaky finances.

U.S. economy nearing full employment, bounced back in second quarter: Fed's Fischer

WASHINGTON (Reuters) - The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is approaching full employment, Federal Reserve vice chairman Stanley Fischer said on Tuesday.

Tiny Greece’s Threat to Currency Credibility Is Why It Matters

To understand why Europe is investing so much time and effort on keeping Greece in the euro area, look no further than Mario Draghi’s celebrated speech three years ago.

Leaving the EU would set Britain back 50 years, says Virgin's Branson

A British exit from the European Union would set the country back half a century and be catastrophic for its trade and economic prospects, billionaire entrepreneur Richard Branson said on Sunday.

Greece's Creditors Offer $17.3 Billion Package to End Standoff

Greece’s creditors offered to unlock aid of as much as 15.5 billion euros ($17.3 billion) for the indebted country, as Prime Minister Alexis Tsipras lamented the tough conditions demanded in return for the deal.

UAE expects strong economic growth

The United Arab Emirates expects strong growth this year after its oil-rich economy expanded by 4.6 percent in 2014, Prime Minister Sheikh Mohammed bin Rashid al-Maktoum said.

Lew Says Euro Exit Would Hurt Greek People, Economy

U.S. Treasury Secretary Jacob J. Lew said that a possible Greek exit from the euro would have a major impact on the country’s citizens and economy and that risks of potential consequences for other nations remains unclear.

Italy prosecutors target Bank of China in graft probe

Rome (AFP) - Italian prosecutors have asked for some 300 Chinese nationals and the Bank of China's Milan branch to be tried for money laundering and tax evasion.

ECB agrees to pump more cash into Greek banks

The European Central Bank has agreed to increase its emergency support for Greece's banking sector after fears of a Greek exit from the euro led to a run on the banks.

UK retail sales growth slowed in May

UK retail sales rose by 0.2% in May, a slowdown from a rise of 0.9% in April, after shoppers bought fewer clothes. The Office for National Statistics said clothing sales were 1.6% down on April's level, the biggest fall since September 2014.

Fed expected to open door to rate hike if economy improves

WASHINGTON (AP) -- The Federal Reserve is expected to signal Wednesday that it's getting closer to raising interest rates for the first time in nearly a decade while leaving the timing of that increase uncertain.

April house prices in sharpest slowdown since 2006

House price growth across the UK slowed at the fastest pace for nine years in April, according to official figures, as London prices weakened amid unfounded fears of a Labour election victory.

Yuan Taking on Dollar Set to Forge $16 Billion Panda Bond Market

Deutsche Bank AG sees China expanding its panda bond market to about 100 billion yuan ($16 billion) over five years, as President Xi Jinping promotes the yuan’s challenge to the dollar’s supremacy.

Fears of Greece eurozone exit mount as EU deadline looms

Fears that Greece could leave the eurozone continued to mount on Saturday, despite its finance minister saying that Europe would not allow that to happen.

Africa creates TFTA - Cape to Cairo free-trade zone

African leaders have agreed to create the continent's largest free-trade zone, covering 26 countries in an area from Cape Town to Cairo.

New Greek Budget Plan Falls Short of Last Week’s Pledge

Greece pulled back on budget concessions to its creditors in new proposals Tuesday, as German Finance Minister Wolfgang Schaeuble said it would be “daft” to accept blame for Prime Minister Alexis Tsipras’s predicament.

CBI cuts outlook for UK economic growth but backs continued austerity

Britain’s leading corporate lobby group has insisted the government should press ahead with its austerity drive, despite warnings that another round of deep cuts could dent the recovery.

Greece's Tsipras 'failed' to deliver promised plan - Juncker

Greek Prime Minister Alexis Tsipras failed to deliver alternative economic reforms that he had "promised", says European Commission president, Jean-Claude Juncker.

China shares breach 5,000 level first time since 2008

Shares in mainland China closed at a new seven-year high, with the Shanghai Composite breaching the key 5,000 level for the first time since 2008.

HSBC pays out £27.8m over money-laundering claims

HSBC has been ordered to pay a record 40m Swiss francs (£27.8m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which allowed money laundering to take place in the bank’s Swiss subsidiary.

UK factories struggle to boost output

Worries about the unbalanced nature of Britain’s economic recovery intensified on Monday after news that UK factories struggled to crank up output in May amid flagging overseas demand.

Russia Sees More Pragmatic U.S. Ties After Ukraine Crisis

Russian Foreign Minister Sergei Lavrov said a “realistic approach is getting the upper hand” in relations with the U.S., amid the worst tensions since the Cold War.