Euro-Area October Economic Confidence Rise Beats Forecast

Economic confidence in the euro-area rose more than economists forecast in October, adding to signs the single-currency bloc’s recovery is gaining momentum.

UK retail sales flat in October, says CBI

Retail sales growth halted in October following a big drop in supermarket sales, according to business lobby group the CBI.

U.S. mortgage burden gets lighter in second quarter

(Reuters) - Mortgage payments in the second quarter took the smallest bite out of U.S. households' after-tax income in at least three decades, Federal Reserve data showed on Tuesday.

Weak global growth to prolong Asian slowdown: Poll

(Reuters) - The slowdown in Asian economies will likely persist for the rest of this year as weak global growth and reforms under way in many countries hinder activity, Reuters polls showed on Thursday.

Bank of Canada Drops Bias to Lift 1% Policy Rate

Bank of Canada Governor Stephen Poloz surprised investors by dropping language about the need for future interest rate increases, a move that’s leading to investor speculation about possible rate cuts.

Spain out of recession, central bank says

Spain's economy has emerged from recession after growing for the first time in more than two years, according to estimates from the Bank of Spain.

Corporate Canada poised to take advantage of strong U.S. economic recovery in 2014: CIBC report

TORONTO , Oct. 21, 2013 /CNW/ - Corporate Canada has never been in a better position to capitalize on a U.S. economic recovery, finds CIBC World Markets Inc. latest Composite Indicator of Corporate Canada's Strength.

China Urges Economic Policy Implementation to Spur Rebound

China’s central government called for “unrelenting” implementation of its economic policies and reform measures to consolidate the nation’s recovery from a two-quarter slowdown and improve the quality of growth.

Final costs of US shutdown could tally in billions

WASHINGTON: The government shutdown that ended this week will cost the U.S. economy several billion dollars, according to estimates by economic research firms.

Serb Central Bank Cuts Rates as CPI Returns to Target Band

Serbia’s central bank cut borrowing costs more than most economists forecast after a three-month pause, citing confidence in the government’s fiscal restraint as inflation returned to the target band and the dinar firmed.

China's economic recovery is over: Nomura

NEW YORK (MarketWatch) -- China's economic recovery has ended and its gross-domestic-product growth will slow to 7.5% year-on-year in the fourth quarter and 6.9% in 2014, according to economists at Nomura.

US government employees head back to work

Hundreds of thousands of US government employees are back at work after President Barack Obama signed a law ending a 16-day government shutdown and extending the US debt limit.

Swiss to sign last rites for banking secrecy: OECD

PARIS: Switzerland will break the seal on its banking secrecy, until now considered virtually ironclad, by signing an international agreement on fighting tax evasion today, the OECD said.

Euro Crisis Tentative Victory Aired as Irish Market Return Nears

European finance chiefs said Ireland and Spain will soon be weaned off financial aid and Greece’s mounting bills will be paid, declaring a tentative victory over almost four years of turmoil that came close to shattering the euro.

Barack Obama says it appears some progress in Senate toward averting default

WASHINGTON: President Barack Obama said on Monday it appears there has been progress in Senate fiscal impasse negotiations but that there is a good chance the United States will default on its debts if Republicans are unwilling to set aside some partisan concerns.

Spanish banks fear new capital hit in European review

(Reuters) - Spanish banks are considering ways to boost their capital amid fears the euro zone's imminent review of their balance sheets will force them to set aside even more cash for potential losses on restructured loans, banking sources in Madrid said.

Global economic recovery continuing but growth subdued: IMF

WASHINGTON: The IMF on Sunday said that the global economic recovery is continuing but growth remains subdued, as it called on the US to take urgent action to address short-term fiscal uncertainties. "The US needs to take urgent action to address short-term fiscal uncertainties.

Eurozone recovery 'subdued and uneven': Mario Draghi

FRANKFURT: European Central Bank head Mario Draghi says the eurozone economy will stay 'subdued and uneven' for a while and underlined that the bank has room to cut interest rates further to help growth.

OBR overestimated business investment in UK recovery forecasts

Flatlining investment by Britain's battered businesses was the main reason the independent Office for Budget Responsibility drastically overestimated the likely strength of the economic recovery, it conceded in its latest forecast review.

SEB: Eastern European Outlook: Gradual recovery - major economies will diverge

This autumn nearly all countries in Eastern (including Central) Europe have begun an economic recovery after growth bottomed out during the second quarter of 2013, consistent with the pattern in Western Europe.

China's Xi sees 'long and tortuous' world economic recovery

NUSA DUA, Indonesia (Reuters) - Chinese President Xi Jinping said on Monday he expected a "long and tortuous process" of world economic recovery, while China's economic growth rate of about 7 percent was "within a reasonable and expected range".

Euro zone yields edge lower as U.S. shutdown concerns creep in

LONDON, Oct 7 (Reuters) - Low-risk euro zone bonds inched up on Monday, with investors nervous about the lack of progress in resolving the U.S. budget standoff as a mid-October deadline for raising Washington's debt ceiling approaches.

As developed countries improve, the BRICs stumble

NEW YORK: The developing countries of Brazil, Russia, India and China recovered quickly from the financial crisis five years ago.

Miller: Shutdown affects Oklahoma’s economic recovery

OKLA. CITY — The fiscal impact of the partial federal government threatens Oklahoma’s economic recovery, state Treasurer Ken Miller said Thursday at the state Capitol.

Recovery in Eurozone services sector picks up in September: PMI

LONDON: The nascent recovery in euro zone businesses strengthened in September as order books filled at a faster rate and layoffs slowed to a trickle, surveys showed on Thursday, pointing to very mild growth in the third quarter.

US debt cap debate spurs default fears

Fears were mounting on Wednesday that a fight over the government's debt ceiling will overtake the budget battle that has paralyzed Washington, threatening to trigger an unprecedented US default.

ECB's Draghi: willing to act to support economy

PARIS (AP) -- European Central Bank head Mario Draghi said the eurozone economy is still fragile and the bank is willing to use "all available instruments" to keep market interest rates from rising and hurting a fledgling recovery.

Factory jobs grow at fastest rate in two years

Employment in Britain’s factories grew at its fastest pace in almost two-and-a-half years last month as manufacturing activity remained near August’s 19-year high, a key survey showed.

Euro zone inflation falls to 3.5-year low in September

(Reuters) - Euro zone inflation fell faster than expected in September to its lowest since February 2010, signaling that the European Central Bank can maintain its loose monetary policy to help the bloc's recovery.