China's net foreign exchange selling at $38.9 billion in July, indicating big outflows

BEIJING: China's central bank and commercial banks sold a net $38.9 billion in foreign exchange in July, the biggest sales on record, official data showed, indicating big capital outflows as well as suspected intervention to prop up the exchange rate.

Dollar Rules as Investors Brace for Jobs Data Clues on Fed Rates

A gauge of the dollar was set for a weekly gain before a U.S. Labor Department report on Friday that may bolster speculation the Federal Reserve will raise interest rates as soon as next month.

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.

Fed Minutes Note Emerging Market Risk, China Bubble?

The latest minutes from the U.S. Federal Reserve Open Markets Committee show clear concern about how rising rates will impact emerging markets.

Chances Greece will leave euro zone less than one in four, traders say: Reuters poll

The chances Greece will leave the euro zone are slightly less than one in four, according to a Reuters poll of traders, but if Athens defaults on a 750 million-euro debt repayment to the IMF on Tuesday the likelihood will increase.

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.

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.

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.

Top Canada economy forecaster: Lower oil to hurt till mid-year: Reuters poll

(Reuters) - Canada's resource-dependent economy will reel from the sting of a slump in oil prices until mid-2015 at least, when exporters may start to benefit from stronger U.S. growth and a weaker Canadian dollar, according to the top forecaster for the Canadian economy in Reuters polls in 2014.

World Bank trims estimate of Ebola economic cost

Washington (AFP) - The World Bank trimmed its estimates of the economic damage of the Ebola epidemic Tuesday, but warned that the three main affected countries would still bear a heavy cost.

U.S. stocks are resuming a steady climb amid humdrum economic recovery

Stagnant wages. Slow economic growth. Stubborn unemployment. Economists call the prevailing gray economic landscape the new normal.

Gradual U.S. housing recovery on track as single-family starts rise

(Reuters) - Starts for U.S. single-family homes rose for a second straight month in October and building permits neared a 6-1/2-year high, suggesting the housing market was still on a recovery path.

U.S. data points to strong spending ahead of holiday shopping frenzy

(Reuters) - Most U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

Asia's travel and tourism industry 'to face talent crisis'

Asia's travel and tourism sector is booming but will faces a severe shortage of skilled workers in the next 10 years, a top industry executive said Wednesday.

South Africa economic growth forecast slashed

South Africa has downgraded its economic growth, but the country's new finance minister pledged to keep a tight rein on government spending.

Fed should reconsider 'considerable time' vow on rates: Fisher

(Reuters) - The Federal Reserve should rethink its forward guidance, potentially ditching its promise to keep interest rates near zero for a "considerable time" after it ends its bond-buying stimulus, a top Federal Reserve official said on Friday "I feel it is time to reconsider 'considerable time,'" Dallas Fed President Richard Fisher told reporters after a speech here.

ECB to start asset buying programme

The European Central Bank has kept its benchmark interest rate at 0.05% and given details of its asset purchase programme announced last month.

Economic recovery, aging society and expanded coverage will boost health care inflation

WASHINGTON - The nation's respite from troublesome health care inflation is ending, the government said Wednesday in a report that renews a crucial budget challenge for lawmakers, taxpayers, businesses and patients.

Gold-Oil Ratio Rises to Highest Since March on Economy

Gold is trading at the highest price relative to crude oil in more than four months amid global economic concerns.

BOJ to stick to optimistic economic view, debate weak exports

(Reuters) - The Bank of Japan is set to continue its massive asset purchases and retain its rosy view on the outlook on Friday despite a series of weak data, underscoring its conviction that the world's third biggest economy can withstand the pain from a tax hike without further stimulus.