Greece agrees deal with creditors on austerity plan

Greece has reached agreement with its international creditors on new austerity measures necessary to release fresh bailout funds.

EU governments to debate 50 billion euros cut to budget

BRUSSELS: European Union governments will debate a cut of at least 50 billion euros this week as the starting point for negotiations on the bloc's proposed 1 trillion-euro ($1.3 trillion) long-term budget, a source familiar with the issue said.

Euro-Zone Data Hint at Resilience

The euro-zone economy continued to shrink in October but at a slower pace than in recent months an early gauge of activity showed, while a rise in consumer sentiment in Germany bolstered hopes that the slowdown there will be brief.

US economic growth up sharply in third quarter

The US economy grew more than expected in the three months to September, official figures showed. The world's largest economy expanded at an annualised rate of 2% in the third quarter, the Commerce Department said.

EU "sucks up decision-making:" UK's foreign secretary

(Reuters) - Britain is increasingly disillusioned with the European Union which it sees as a "machine that sucks up decision-making", Britain's foreign secretary said on Tuesday in prepared remarks.

Economic signs point up, but recovery lags

A number of economic indicators are pointing upward, but that is not translating into quick gains for the economy in Northwest Indiana or the nation as a whole, according to members of the Times Board of Economists.

World stocks mixed after US earnings disappoint

BANGKOK (AP) — World stock markets were mixed as traders unnerved by last week's disappointing U.S. corporate earnings results waited for another round Monday.

Monti expects to see Italy recovery signs within months

CERNOBBIO, Italy (Reuters) - Prime Minister Mario Monti said on Saturday he expected it would be only a few more months before signs of recovery start to emerge in the recession-hit Italian economy.

China shows signs economic recovery taking shape

BEIJING (AP) — China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape, adding to hopes for a global recovery.

Sweden stands out as European refuge from debt crisis

STOCKHOLM: Of all the European economies providing shelter for investors avoiding the euro zone, Sweden is considered one of the safest bets thanks to its free-floating currency, strong budget record and developed bond market.

EU, U.S. to negotiate free-trade deal from spring 2013: officials

(Reuters) - Europe and the United States are set to launch trade talks early next year to deepen the world's largest trading relationship, EU and U.S. officials say, potentially unleashing billions of euros of new transatlantic business.

UK economy to 'return to growth' in second half of year

The UK's economy will rebound in the second half of the year, the Ernst and Young Item Club's latest report says.

Nobel-crowned European Union risks an uncertain future

PARIS: The European Union's Nobel peace prize comes just as a realisation is dawning that Europe's single currency - the EU's most ambitious project - has survived three years of incessant financial turmoil and is not going to break up.

Economic recovery: It's about getting past the cliff

WASHINGTON — Eventually, the economic recovery will pick up steam -- whether Barack Obama or Mitt Romney is in the White House.

Euro-Zone Factory Output Rises Again

Industrial production in the 17 countries that share the euro rose for the second straight month in August, driven by a surge in output of durable consumer goods that suggests southern European economies may be on the mend.

World economy to improve only slightly next year

LONDON: Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide.

US trade deficit widens as exports fall

WASHINGTON: The US trade deficit widened in August, in line with analyst expectations, as US goods exports fell for the fifth consecutive month, a government report showed on Thursday.

French lawmakers adopt law on EU fiscal pact

(Reuters) - France's lower house of parliament adopted on Wednesday the law needed to enact a European Union fiscal discipline treaty obliging governments to balance their budgets or face sanctions.

David Cameron: Rebalancing UK economy 'slow and difficult'

The UK is going through a "slow and difficult healing process" as it rebalances its economy, Prime Minister David Cameron has said.

Global economic recovery weakening, says IMF

The global economic recovery is weakening as government policies have failed to restore confidence, the International Monetary Fund has said.

Canadian economy adds 52,100 jobs in September

TORONTO (AP) — Canada's economy turned in one of the strongest job creation months of the year in September, adding an eye-popping 52,100 new jobs, Statistics Canada said Friday.

Merkel to visit Greece as money running out

(Reuters) - German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a show of support for Athens after it said it will run out of money at the end of November without fresh international aid.

Swiss KOF cuts 2012, 2013 growth view, cites weak global economy

ZURICH (Reuters) - Switzerland's KOF economic institute cut its growth forecasts for 2012 and 2013 on Friday, citing a spillover from the global economic slowdown, but still sees the pace of growth accelerating over the course of next year.

IMF to cut German growth forecast for 2012, 2013: paper

BERLIN (Reuters) - The International Monetary Fund will cut its German economic growth forecasts for both this year and for 2013 to 0.9 percent, the Handelsblatt daily said in a preview of an article to be published on Friday.

IMF: Global recovery 'will take at least six more years’

The global economy will not be back in “decent shape” until at least 2018, the International Monetary Fund’s chief economist has warned.

Euro-Zone Factory-Price Inflation Accelerates

The prices charged by euro-zone factories for their goods rose sharply in August, mainly due to higher energy costs, a development that could raise concern at the European Central Bank whose governing board meets Thursday to announce its latest decision on interest rates.

Europe blames UK for the eurozone debt crisis, says MEP Sharon Bowles

Lib Dem MEP Sharon Bowles explains why eurozone countries seems dead set on crushing the City - they blame Britain for the eurozone crisis.

Rajoy Raid on Reserves for Pensions Highlights Poll Needs

Spanish Prime Minister Mariano Rajoy’s unprecedented raid on a decade-old pension reserve fund to finance increased benefits comes less than a month before before regional elections as his popularity slumps.