S.Africa rate cuts can't be taken for granted:Marcus

DURBAN (Reuters) - Further interest rate cuts in South Africa will depend on growth and inflation in coming months and should not be taken as a given, central bank Governor Gill Marcus reiterated on Saturday.

U.S. job growth, economy stuck in doldrums

WASHINGTON (MarketWatch) — Slackening U.S. and global growth likely means the nation’s unemployment rate will remain stuck around 8%, reducing the odds of a faster economic recovery kicking in before the end of the year.

Britain Unleashed: Finance must be policed – not shut down

Free market thinking has not had a good crisis. Profit seems once again to be a dirty word, while many have come to believe the turmoil of the past five years is a direct consequence of decades-long Reaganomics and Thatcherite liberalisation.

Draghi pledges to save Europe's single currency; euro surges

FRANKFURT, GERMANY: European Central Bank head Mario Draghi promised on Thursday to do whatever it could to protect the European single currency and sent a strong signal that the central bank has the high borrowing costs that are crippling countries like Spain and Italy in its sights.

S.Africa growth seen lower, inequalities persist: WB

JOHANNESBURG (Reuters) - Growth in South Africa for 2012 is likely to be lower than earlier expected, the World Bank said on Tuesday, a day after Finance Minister Pravin Gordhan said the government would also lower its forecasts.

Manufacturing to fall as Britain left mired in recession

Britain’s manufacturing sector will shrink for the first time in three years in 2012, as official figures are expected to show Britain was locked in recession in the second quarter.

German minister: 'horror' of a Greek euro exit has faded

German Economy Minister Philipp Roesler on Sunday reiterated his doubts about whether debt-mired Greece would be able to stay in the eurozone, saying the "horror" of a potential exit had worn off.

Indian economy to grow at slowest pace in 10 years

BANGALORE (Reuters) - India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.

Fed sees 'modest' US growth, better housing sector

The Federal Reserve sees only modest growth in the US economy, with the long-depressed housing market as one of the few bright spots on the horizon, a report showed Wednesday.

ECB Noyer Expects Gradual French Economic Recovery 2nd Half, 2013

PARIS--Bank of France Governor Christian Noyer Wednesday said he expects a gradual economic recovery in France over the second half of this year and next year, so long as the government sticks to its deficit-reduction policy.

Bernanke: Libor system is structurally flawed

WASHINGTON (CNNMoney) -- Federal Reserve Chairman Ben Bernanke cast doubt Tuesday that a critical financial rate used by banks to set interest rates for loans is reliable.

IMF slashes UK growth forecasts

Britain’s growth prospects have dropped sharply over the past three months, according to the International Monetary Fund as the eurozone crisis weighs on recovery.

In Latest Data on Economy, Experts See Signs of Pickup

WASHINGTON — Despite the recent run of disappointing economic data, a broad range of experts and forecasters expect the economy to improve slightly in coming months, thanks to lower oil prices and new signs of life from sectors like automobiles and housing.

Bank of Japan stands pat on rates, sees recovery

HONG KONG (MarketWatch) — The Bank of Japan said Thursday that the economy will chart a path of moderate recovery despite global economic uncertainty, while leaving its policy interest rate unchanged in the current range of 0% to 0.1% by a unanimous vote.

Republic of Ireland growth in 2011 twice previous estimate

The Republic of Ireland's growth rate last year was double previous estimates at 1.4% but this year started badly, official figures show.

S.African factory output unexpectedly higher in May

JOHANNESBURG (Reuters) - South Africa's factory output grew above expectations in May compared with last year, backing the case for interest rates to stay unchanged at next week's policy meeting, although the central bank may cut them later this year to buoy the economy.

German Inflation Falls

FRANKFURT—Consumer price inflation in Germany, Europe's largest economy, fell in June to its lowest annual rate in a year and a half, the Federal Statistics Office said Wednesday, confirming its preliminary data published June 27.

Report highlights 'pick-up' in Scotland's economy

Scotland's economy fared better last month, with growth in both the manufacturing and service sectors, according to a survey.

Hong Kong May Revise Growth Forecast on Global Recovery C

The Hong Kong government may revise its 2012 economic forecast next month as the outlook for global growth deteriorates, Financial Secretary John Tsang said.

German president tells Angela Merkel to come clean on EU debt deal

Joachim Gauck, the German president, has ordered Chancellor Angela Merkel to clarify exactly what she agreed behind closed doors at the EU crisis summit ten days ago.

Canada's economy adds 7,300 jobs in June

TORONTO: Canada's unemployment rate inched down to 7.2 per cent in June as employers added 7,300 new jobs, Statistics Canada reported Friday.

Ireland returns to the debt markets with €500m sale of treasury bills

Ireland has returned to the bond markets for the first time since the €85bn IMF/EU bailout almost two years ago – a move hailed by European Central Bank chief Mario Draghi as "a success that should be properly celebrated".

Job market perks up

NEW YORK (CNNMoney) -- The job market may have perked up last month, according to three reports released Thursday.

Spain’s Banking Crisis Moves Into the Courtroom

MADRID — Spain’s banking crisis has moved into the courtroom.

ECB warns Greece as ministers plan softer bailout bid

ATHENS (Reuters) - The European Central Bank told Greece on Monday not to waste time trying to renegotiate its international bailout as government ministers hashed out a plan for easing its punishing terms before a review by the country's lenders.

Japan’s Industrial Output Falls Most Since 2011 Quake

Japan’s industrial output fell the most since the March 2011 earthquake and consumer prices declined, bolstering the case for extra stimulus to sustain the nation’s economic recovery.

French audit office sees 8 billion-euro gap in 2012 budget: paper

(Reuters) - France's national audit office will reveal a shortfall of almost 8 billion euros ($10 billion) in this year's national budget after discovering a 1.5 billion-euro spending gap left by the previous government and lower tax revenues, the Journal du Dimanche newspaper said on Sunday.

EU's new problem: How to persuade investors to buy and hold bonds of Italy, Spain

LONDON: As Europe slouches toward a monetary union that aims to force euro area governments to cede control over their banks and budgets, a crucial question remains unanswered: how to persuade investors to buy, and hold for the long term, the bonds of at-risk economies like Italy and Spain.