China's yuan currency 'no longer undervalued': IMF

Beijing (AFP) - China's yuan currency, which Washington has long alleged was manipulated, is "no longer undervalued", the International Monetary Fund said Tuesday.

UK retail sales bounding ahead, says CBI

Retail sales are "bounding ahead", with growth accelerating strongly in the year to May, the CBI has said.

Japan Exports Rise More Than Forecast on Shipments to U.S.

Japanese exports rose more than forecast in April, providing support for an economy that’s expanded for two straight quarters after a recession in 2014.

Janet Yellen just made one of the most surprising admissions you'll ever hear from an economist

"I am describing the outlook that I see as most likely, but based on many years of making economic projections, I can assure you that any specific projection I write down will turn out to be wrong, perhaps markedly so."

UK government borrowing falls to £6.8bn in April

UK government borrowing fell to £6.8bn in April, down from £9.3bn a year earlier, official figures show. It is the lowest April government borrowing figure since April 2008, when public borrowing stood at £2.5bn.

Fed Minutes Note Emerging Market Risk, China Bubble?

The latest minutes from the U.S. Federal Reserve Open Markets Committee show clear concern about how rising rates will impact emerging markets.

Ukraine vote gives government power to suspend foreign debt payments

Ukraine’s parliament on Tuesday handed ministers the power to suspend foreign debt payments to defend against “unscrupulous” creditors.

Cameron confident in EU vote strategy after Deutsche weighs exit plans - spokesman

Prime Minister David Cameron is confident his plan to hold a European Union membership referendum will ultimately give firms more certainty, his spokesman said, after Deutsche Bank disclosed it was making contingency plans for a British EU exit.

Greece Toying With ‘Chaos’ Has Eichengreen Urging Lesser Evil

Greece’s exit from the euro would unleash turmoil whose fallout will far exceed the cost of staying in the currency union, said U.S. economist Barry Eichengreen.

No more cuts, Tory councils tell George Osborne

Tory council leaders across England and Wales have presented a united front with Labour and Lib Dem-run local authorities as they warn the chancellor, George Osborne, that another round of funding cuts would devastate local services and harm the most vulnerable in society.

Economic recovery evades many Americans, Huckabee says

PHOENIX — Presidential hopeful Mike Huckabee told Republican party faithful Friday the key to winning the White House is getting people to ignore a stock market reports and instead question how well they personally are doing.

London house prices 'could double in the next 15 years to £1m'

The average cost of a home in London is on course to breach the £1m level by 2030 as house building struggles to keep pace with a rapidly rising population, a leading consultancy is predicting.

Emerging-Market Stocks Slide as Higher Bond Yields Reduce Appeal

Emerging-market stocks fell for the first time in three days as a global rout in bonds reduced the appeal of equities relative to debt yields.

Eurozone economic growth picks up to 0.4%

The economy of the eurozone grew by 0.4% in the first three months of the year, official figures have shown, as its slow recovery continues.

'Growth returns' to Scottish economy

The economic slowdown seen in the first quarter of this year is gradually being reversed, according to a survey of Scottish purchasing managers.

Chances Greece will leave euro zone less than one in four, traders say: Reuters poll

The chances Greece will leave the euro zone are slightly less than one in four, according to a Reuters poll of traders, but if Athens defaults on a 750 million-euro debt repayment to the IMF on Tuesday the likelihood will increase.

China cuts interest rates for third time since November

China’s central bank cut its benchmark interest rate on Sunday for the third time since November, as economic growth cooled to levels not seen since the global financial crisis.

Why a second emerging market debt storm could be worse than the first

When you’re running the most influential central bank in the world, you have to be careful with what you say. It’s a lesson that Janet Yellen was forced to learn painfully during her first public outing as chair of the Federal Reserve.

Widening UK trade deficit highlights challenge for next government

Britain's trade deficit widened in the first three months of 2015, highlighting one of the big challenges facing the Conservative government over the next five years.

Private Employers Add Fewest Jobs in a Year, and Nonfarm Productivity Falls

Private employers in the United States added in April the smallest monthly number of workers in more than a year. And, in another report, the Labor Department found that nonfarm productivity fell in the first quarter as harsh winter weather depressed output.