Fed meeting could bring more volatility than expected

No matter how much it tries to avoid it, the Fed could get markets spinning on a fresh round of rate hike speculation Wednesday.

Scottish government turning to more private money for public projects

The Scottish government is turning to increased private-sector funding to pay for a multibillion pound spending programme after a Brussels ruling that has delayed major public projects in Scotland.

Germany open to discuss euro zone budget with own tax: Spiegel

BERLIN (Reuters) - Germany is willing to discuss the creation of a euro zone finance minister who would have his own budget and raise extra taxes, the German magazine Der Spiegel reported on Saturday.

Global mining industry faces up to a deep malaise

The party is over in the mining industry – again. There is a strong whiff of 2009, the year after the great financial crisis.

Greece crisis: MPs pass crucial bailout reforms

Greece has taken a crucial step towards a bailout after its parliament passed a second set of reforms. The passage of the measures means that negotiations on an €86bn European Union bailout can begin.

Fed directs 8 biggest US banks to hold extra capital

WASHINGTON (AP) -- Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

CBI urges Cameron to lift skilled migrant limit

David Cameron is risking the economic recovery by refusing to lift the cap on skilled foreign workers coming to the UK, the CBI has said.

China must learn lessons from stock market rout: vice finance minister

LONDON (Reuters) - China must learn lessons from its stock market rout, the country's vice finance minister said on Saturday, signaling his intent to focus on supervision and the development of new frameworks to make it possible to weather any future market turbulence.

Canadian factory sales edge higher

Canadian factory sales rose slightly less than expected in May from April, edging up 0.1 per cent on aerospace and petroleum and coal products, Statistics Canada said on Wednesday.

Pound jumps as Mark Carney says rate rise moving closer

The pound rose by a cent against the dollar after Bank of England governor Mark Carney said the time for an interest rate rise was getting closer.

Putin Calls U.S. Debt ‘Serious Problem’ as He Defends Greece

Russian President Vladimir Putin warned of dangers to the global economy from U.S. borrowing while saying Greece isn’t solely to blame for its debt crisis.

China's rich seek shelter from stock market storm in foreign property

Real estate agents in Australia, Britain and Canada are bracing for a surge of new interest in their already hot property markets, with early signs that wealthy Chinese investors are seeking a safe haven from the turmoil in Shanghai’s stock markets.

Yellen speech could offer rate clues

Traders might want to postpone lunch Friday. Federal Reserve chair Janet Yellen is giving a speech on the outlook for the U.S. economy — and will field questions from the audience — that could offer clues into the U.S. central bank’s most current thinking about the timing of its interest rate hikes.

Halifax: House prices hit £200,000 record

The average cost of properties in the UK has exceeded £200,000 for the first time, according to the Halifax. It said house prices jumped by 1.7% in June compared with the previous month, marking their fourth consecutive monthly rise.

US job openings stay high, but actual hiring falters in May

WASHINGTON (AP) — Job openings stayed close to a 15-year high in May. It's a sign that companies are expecting continued economic growth, but the level of advertised jobs has yet to drive the same kind of increase in actual hiring.

Greek Vote Reverberates in Global Markets; G-7 Working on Response

The danger of contagion from Greece’s referendum rejecting a European aid offer is testing the world’s most-developed nations again, after eight years of rolling financial crises.

Brazilian Real Leads Emerging-Market Declines as Support Eases

Brazil’s real led declines among emerging-market currencies after the central bank said it would ease its support even as inflation accelerates.

Greeks Prepare Landmark Referendum on Future Like It’s 1974

With banks shut and coffers running dry, Greece is rushing to organize a hastily called vote the country can ill afford. It’s not just that Sunday’s vote could threaten the country’s place in the euro. It also may put more strain on the government’s and the population’s shaky finances.

U.S. economy nearing full employment, bounced back in second quarter: Fed's Fischer

WASHINGTON (Reuters) - The U.S. economy probably bounced back to an annual growth rate of around 2.5 percent in the second quarter, and the labor market is approaching full employment, Federal Reserve vice chairman Stanley Fischer said on Tuesday.

Tiny Greece’s Threat to Currency Credibility Is Why It Matters

To understand why Europe is investing so much time and effort on keeping Greece in the euro area, look no further than Mario Draghi’s celebrated speech three years ago.