Fed officials see high hurdle for changing course on QE taper

(Reuters) - The U.S. economic outlook would have to change dramatically for the Federal Reserve to alter the pace at which it is winding down its massive bond-buying program, three top U.S. central bankers said on Thursday.

Interest rate rise with no wage increase 'will push heavily-indebted to edge'

Heavily indebted homeowners will be hit hard if interest rates start to rise before wages have picked up, according to research by the Bank of England that underlines the dilemma facing policymakers as the economy recovers.

U.S. data helps fuel Canadian dollar rally

TORONTO (Reuters) - Canada's dollar traded at a stronger level than the U.S. currency on Friday for the first time in more than 2 months as investors welcomed a U.S. jobs report that offered signs that the economy there is improving.

Employers Get More From U.S. Workers as Jobs Gain Lags Forecast

Companies in the U.S. are relying on existing workers and temporary employees instead of hiring, helping to explain why payrolls grew less than forecast in June.

Europe Stocks Edge Up

LONDON—European stocks shuffled higher Thursday, stabilizing along with the euro after heavy losses in the previous session, while Spanish and Italian bond yields eased off recent highs.

Greek Euro Exit Aftershocks Risk Reaching China

Greece, responsible for 0.4 percent of the world economy, now poses a threat to international prosperity as investors raise bets its days using the euro are numbered.

Ben Bernanke warns on still-high unemployment

WASHINGTON: Federal Reserve Chairman Ben Bernanke reiterated his concerns about high levels of US unemployment Tuesday, just days after a surprisingly large drop in the jobless rate caused cheer.