Super Thursday: Bank of England votes 8-1 to hold interest rates

Fears that the Bank of England is poised to start raising interest rates have receded, after news that just one of the nine members of its policy committee voted to increase borrowing costs from their record low of 0.5% this month.

Dollar Halts 3-Day Decline After Report Shows Inflation Firming

The U.S. currency strengthened from an almost two-week low as the increase in so-called core inflation reflected broad-based gains in the cost of living.

Greece debt deal: Reforms will 'combat tax evasion'

Greece will crack down on tax evasion and streamline its civil service in its bid to secure a bailout extension, minister of state Nikos Pappas says.

IMF sees diminished risk from global economic imbalances

(Reuters) - Global imbalances in trade and investment flows have shrunk by more than a third since peaking eight years ago and are likely to stay lower in the future, diminishing their threat to the global economy, the International Monetary Fund said on Tuesday.

Divisions Grow as a Downturn Rocks Europe

PARIS — Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on the table for reigniting growth and deepening political divisions over the austerity policies that many blame for worsening the malaise.

As Fed debates rate path, focus on jobs data stirs its own debate

(Reuters) - The Federal Reserve's intensive focus on a wide range of labor market data to guide policy-making is driving a wedge between its core decision-makers and others who feel the central bank is straying from traditional guideposts.

Dollar Rallies Most in 8 Weeks on Fed, Ukraine Turmoil

A dollar gauge rallied the most in eight weeks as the Federal Reserve acknowledged surprise in the improvement in the U.S. labor market and amid heightened geopolitical turmoil.

Rising employment fails again to boost wages

Unemployment fell last month as Britain's economy added jobs at an unprecedented pace, according to official figures. But the recovery failed to lift wages by more than a fraction, leaving workers suffering another real-terms cut in living standards.

How to tame your property bubble

But that's the challenge officials took on Thursday in the face of mounting evidence of a property bubble in London and concerns that reckless lending could leave U.K. borrowers struggling when interest rates inevitably rise.

Fed insists economy can withstand stimulus cut despite rising prices

The Federal Reserve insisted that the US economy is strong enough to withstand a cut to its stimulus program, despite being forced once again to cut its growth forecasts.

Wealth Fund Growth Boosts Norway’s Budget as Economy Slows

Norway’s new government is tapping more oil revenue than previously estimated this year to support a slowing expansion in Scandinavia’s richest nation.

As Fed eyes eventual exit, policymakers spar over interest rates

(Reuters) - Two top Federal Reserve policymakers staked out diametrically opposite views on Friday about whether the U.S. central bank should be willing to risk higher unemployment in order to head off a potential financial crisis.

China Stimulus Decision Looms as Investment Slows

China’s weakest start to a year for investment growth since 2001 and unexpectedly slow industrial production add pressure for economic stimulus, just as Premier Li Keqiang signals he wants to avoid such a move.

Federal Reserve Tapering to U.K. Inflation: Global Economy

The data docket in the U.S. this week will be eclipsed by the Federal Reserve meeting as prospects mount that policy makers will trim stimulus in response to an improving economy.

Bank of England holds UK interest rates at record low

The Bank of England has kept interest rates at a record low of 0.5%, despite signs that the UK economy is improving.

Traders Ignore S&P Decision to Cut Netherlands Credit Rating

The Netherlands lost its top rating at Standard & Poor’s amid weakening economic growth prospects while Spain’s outlook was raised, decisions that were largely ignored by bond investors.

Norway's Progress Party seeks big changes in new government

OSLO (Reuters) - Siv Jensen narrowly missed becoming Norway's prime minister four years ago. Now another chance of entering government appears within her grasp, as her opposition Progress Party looks set to become the kingmaker after elections on September 9.

Eurozone: Recession over, but recovery's roots still shallow

LONDON: The cheery freeze frame of the euro zone economy last quarter is no guarantee of a happy ending to what has been a horror movie for most of the single currency bloc since the onset of the great financial crisis.

Major economies still struggling to create jobs

GENEVA: Jobs growth remains weak among the world's 20 biggest economies, where almost a third of the 93 million unemployed have been out of work for more than a year, top labor and development officials reported Wednesday.

Eurozone calm compared to a year ago: Jean-Claude Juncker

BERLIN: The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said in Germany on Thursday.