S&P upgrades Spain's economic outlook

The economic outlook for Spain has improved, says ratings agency Standard and Poor's (S&P).

U.K. Economic Growth Quickens on Investment, House Building

Britain’s economic recovery accelerated in the third quarter as investment and house building helped to offset the biggest drop in exports in more than two years.

US house prices rose at a slower pace in September

The pace of US house price rises slowed in September, as higher mortgage rates and concern about a government shutdown weighed on the market.

Exclusive: Euro zone mulls cheap loans as incentive for economic reforms -document

(Reuters) - Euro zone states are considering cheap loans to member governments as an incentive to carry out painful economic reforms, an EU document showed, introducing a discussion on fiscal transfers.

IMF urges Poland to keep rates steady to support recovery

WARSAW: The International Monetary Fund praised Poland's central bank on Friday for its plan to keep interest rates stable until at least the middle of next year, saying it would support economic recovery.

US prices fall 0.1% in October as petrol costs drop

US consumer prices fell 0.1% in October as petrol prices dropped, the US Labor Department has said. Petrol prices fell 2.9%, the biggest drop since April.

Greece Submits 2014 Budget as Troika Leaves Athens

Greece submitted its 2014 budget plan forecasting a bigger surplus before interest costs this year than previously anticipated, strengthening its hand in talks with creditors over releasing further bailout funds.

Frugal Innovation Evolves In The Next Phase Of China's Rise As Tech Economy

China’s transition to a tech economy based on innovations rather than copying continues to gain momentum. It doesn’t take a microscope to spot the signs.

Fed's Dudley 'hopeful' on recovery; Plosser calls for capping QE

(Reuters) - Top Federal Reserve officials from opposite sides of the policy spectrum pointed to improvement in the U.S. economy on Monday, adding more weight to the notion that the central bank is getting close to reducing the pace of its monthly asset purchases.

Thailand cuts economic growth outlook for 2013

BANGKOK (AP) -- Thailand on Monday cut its economic growth forecast for this year after exports fell short of expectations and consumer spending faded.

Euro zone rebound weaker than hoped: ECB's Nowotny

(Reuters) - The economic situation in the euro zone has started to improve but is still weaker than the European Central Bank had hoped, ECB Governing Council member Ewald Nowotny said on Monday.

Pound Rises as Weale Says Economic Recovery Faster Than Forecast

The pound strengthened, extending a second weekly advance against the dollar, after Bank of England policy maker Martin Weale said the U.K. economy may recover faster than officials predict.

Japan's economic growth slows down

Economic growth in Japan, the world's third-largest economy, slowed to 0.5% in the July-to-September period, down from 0.9% in the previous quarter.

U.S. consumer debt rises in third quarter by most since early 2008

(Reuters) - U.S. household debt rose in the latest quarter by the most in more than five years, a sign that Americans may be nearing the end of a multi-year belt-tightening trend, data from the Federal Reserve Bank of New York showed on Thursday.

UK jobless rate falls to three-year low as economy grows

The number of unemployed people in the UK fell by 48,000 to 2.47 million between July and September, the Office for National Statistics has said.

EU negotiators clinch deal on 2014 budget

Negotiators in Brussels have clinched a deal on the 2014 EU budget after a night of hard talks, cutting spending by about 6% compared to 2013.

Eurozone recovery drives Slovak industry up 7.5%: Official data

BRATISLAVA: Slovakia's industrial production grew by a solid 7.5 per cent in September on an annual basis after adding 4.5 per cent in August amid improvement in the eurozone, official data showed Monday.

Japan Current Account Surplus at 5-Month High in Abe Boost

Japan’s current account surplus unexpectedly expanded in September to the widest since April as a weaker yen boosted the value of overseas investment income.

German parties reach deal on European banking union

BERLIN: Angela Merkel's conservatives and the Social Democrats (SPD) have struck a deal on the contours of a European banking union under which a body attached to the Ecofin council - not the European Commission - would decide when to close failing banks.

U.S. jobs market seen taking a hit from government shutdown

WASHINGTON: U.S. job growth likely slowed in October as a partial shutdown of the government delayed hiring and forced some workers to stay home, undermining the economy's fourth-quarter growth prospects.

Bank of England sits tight on policy as recovery builds

The Bank of England left policy unchanged on Thursday, sticking to its commitment to keep interest rates at rock-bottom until the country's recovery is more firmly established.

German Factory Orders Beat Estimate as Euro-Area Recovers

German factory orders (GRIORTMM) increased more than estimated in September in a sign that Europe’s largest economy is benefiting from a recovery in the euro area and rising domestic investment.

UK services growth at 16-year high

Activity in the UK services sector last month increased at its fastest rate since May 1997, a closely watched survey suggests.

France drags on slow euro zone recovery

LONDON (Reuters) - The euro zone economic recovery that began in Germany has spread to some smaller members but shrinking French manufacturing is hampering a more robust rebound.

U.S. factory growth hits fastest pace in 2-1/2 years

(Reuters) - The U.S. manufacturing sector expanded at its fastest pace in more than two years in October, according to an industry report, signaling a strong start to fourth-quarter factory activity despite a government shutdown during the first half of the month.

Manufacturing leads recovery in global economy

Manufacturers around the world enjoyed a pick-up in activity last month, bolstering hopes the global economy is gathering steam.

Surveys show China manufacturing improved in October in possible sign of economic recovery

BEIJING — Two measures of China's manufacturing improved in October in a possible sign of economic recovery.

On Global Recovery, Positives Now Outweigh Negatives

The ayes have it. The global economy is in recovery mode after a disastrous 2008-09 financial crisis shuttered hundreds of banks and forced millions of people into unemployment lines.