Bank of Canada's Poloz shrugs off Carney comparison

OTTAWA, April 28 (Reuters) - Bank of Canada Governor Stephen Poloz defended himself against criticism on Tuesday that his surprise January rate cut unduly shocked markets and for failing to use measured language like his predecessor, current Bank of England chief Mark Carney.

With Economy Uncertain, No Fed Rate Hike Is Seen Before Fall

For 6½ years, the Federal Reserve has held its key interest rate near zero, and for nearly that long the financial world has speculated about when the Fed will start raising it.

Eurozone Economy Grows for 22nd Straight Month, Report Shows

PARIS — The eurozone economy expanded for a 22nd consecutive month in April, a private sector report showed on Thursday, but the modest pace of growth disappointed some analysts looking for more vigor resulting from the European Central Bank’s bond-buying program.

Turk Central Bank Deploys More Tools as Rates Left Unchanged

Turkey’s central bank left all its main interest rates unchanged on Wednesday amid government pressure not to raise borrowing costs, opting instead for supplementary measures intended to support the lira.

BOJ to keep policy steady April 30 unless big CPI forecast cut-sources

TOKYO, April 22 (Reuters) - The Bank of Japan is expected to hold off on expanding monetary stimulus next week even though the bank is likely to slightly reduce its inflation forecast for this fiscal year, said sources familiar with its thinking.

ECB Is Studying Curbs on Greek Bank Support

The European Central Bank is studying measures to rein in Emergency Liquidity Assistance to Greek banks, as resistance to further aiding the country’s stricken lenders grows in the Governing Council, people with knowledge of the discussions said.

World finance leaders see threats ahead for global economy

WASHINGTON (AP) — The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt.

Bank of Canada ignores C$-tied rise in March core inflation

WASHINGTON, April 17 (Reuters) - The Bank of Canada will ignore that part of the surge in March core inflation which is due to the fall in the Canadian dollar, Governor Stephen Poloz said on Friday, adding that the growing output gap was exerting downward pressure on inflation.

China's growth slows to 7% in the first quarter

China's economic growth slowed further in the three months to March this year, expanding 7% compared to a year earlier, its slowest pace since the global financial crisis in 2009.

Global financial risks have risen, says IMF

The risks to global financial stability have risen, the International Monetary Fund (IMF) has said. In a new report, the IMF says that countries that export oil and other commodities have been severely affected.

IMF warns Greek negotiations are 'not working' as Athens ramps up default threats

Officials at the International Monetary Fund have voiced doubts about the viability of Greece's membership of the eurozone as Athens has repeated its threat to default on its obligations.

Is the Fed brewing the next crisis?

Fears of lower-than-expected corporate earnings at a time when liquidity-driven equity market valuations are the highest in a decade are raising questions about the wisdom of the U.S. Federal Reserve's (Fed) near-zero interest rate policies.

German economy minister plays down boost from EU-US trade deal: Magazine

BERLIN: Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.

Economies must work together to avoid decade of low growth, IMF boss warns

The boss of the International Monetary Fund has made an impassioned plea for governments to make the next decade one of sustainable and inclusive growth that cuts national debt burdens and tackles high unemployment.

New car sales hit 21st Century high

The UK has seen its highest monthly level of new car sales this century. March saw 492,774 new cars registered, 6% up on the same time last year and the best monthly figure since August 1998, said the Society of Motor Manufacturers and Traders (SMMT).

India's RBI keeps rates on hold as banks fail to move on previous cuts

India's central bank kept interest rates on hold on Tuesday, saying most commercial lenders have yet to pass on two previous cuts to customers in Asia's third largest economy.

Euro weakness sparks analyst clash over currency war

Paris (AFP) - The euro's slide against the dollar has reignited talk of a "currency war", with analysts in opposing camps over whether or not countries are consciously playing with their exchange rates. War language is no stranger to modern monetary policy.

Greece draws up drachma plans, prepares to miss IMF payment

Greece is drawing up drastic plans to nationalise the country's banking system and introduce a parallel currency to pay bills unless the eurozone takes steps to defuse the simmering crisis and soften its demands.

European factories buoyant but weak Asia adds to stimulus calls

(Reuters) - Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.

Bank of England stress tests to include feared global crash

The Bank of England is to impose a series of tests on large UK banks to establish whether they are able to withstand a dramatic slowdown in China, a contraction in the eurozone, the worst deflation since the 1930s or a fall in UK interest rates to zero.