Juncker: Euro zone leaders, ECB to act on euro - paper

(Reuters) - The euro zone is at a decisive point and leaders will work with the European Central Bank (ECB) to demonstrate their commitment to the stability of the single currency, Eurogroup head Jean-Claude Juncker said in interviews with European newspapers.

Germans 'better off without euro' - poll

The majority of Germans believe the country would be better off without the euro, a poll suggested on Sunday, as the economy minister reiterated doubts over whether Greece can stay in the single currency.

Growth in U.S. Slows as Consumers Restrain Spending

The world’s largest economy cooled in the second quarter as limited job growth prompted Americans to curb spending while state and local governments cut back.

One in three chance UK loses AAA rating: Poll

LONDON: Britain has about a one in three chance of losing its AAA sovereign credit rating, a Reuters poll found on Thursday, a move that would put huge pressure on finance minister George Osborne who is sticking with austerity even as the recession deepens.

IMF: Worsening eurozone crisis a 'key risk' to China

The International Monetary Fund (IMF) has warned that the worsening debt crisis in the eurozone poses a "key risk" to China's growth.

Spain debt market gives Europe unsettling sense of deja vu

LONDON (Reuters) - Spain's short-term borrowing costs are on course to overtake its longer-term ones in an unsettling deja vu for the euro zone suggesting its fourth-largest economy could soon be squeezed out of commercial markets.

Germany's AAA credit rating on 'negative outlook'

Credit ratings agency Moody's has changed its outlook for Germany's AAA credit rating to negative, the first step towards a possible downgrade.

IMF says will support Greece in overcoming economic woes

WASHINGTON (Reuters) - The International Monetary Fund on Monday dismissed a weekend news report that it may refuse to continue supporting Greece as it prepares for talks with the new Greek government on its international bailout.

Treasury 5-Year Yields Fall to Record on Europe Crisis

Five-year Treasury note yields fell to a record low as data showed the U.S. economic growth slowing and investor concern Europe’s debt crisis is worsening led to increased demand for the safest assets.

Spanish bank bailout moves forward

NEW YORK (CNNMoney) -- Eurozone finance ministers on Friday approved the terms of a bailout for Spanish banks and agreed to set aside €30 billion in emergency funds.

US unemployment benefit claims surge

New claims for US unemployment benefits surged sharply higher last week, ending three straight weeks of declines in the struggling jobs market, official data showed.

Greek leaders push back decision on austerity cuts

ATHENS: Greek coalition leaders agreed to meet next week to hammer out almost 12 billion euros worth of austerity cuts demanded by the near-bankrupt country's lenders after a deal proved elusive at an initial round of talks on Wednesday.

Angela Merkel unsure European project will work

German Chancellor Angela Merkel has admitted that she could not be certain the "European project" would work.

US economy has slowed significantly, says Ben Bernanke

Ben Bernanke, the Federal Reserve chairman, said the economy had slowed significantly in recent months due to the continuing eurozone debt crisis and uncertainty surrounding US fiscal policy.

Global recovery still under threat, says IMF outlook

The global economic recovery is still at risk, and eurozone economies remain in a "precarious" situation, the International Monetary Fund has said.

No extension to Greece's aid programme: Germany

BERLIN: Germany said on Friday that the terms of a crucial aid package for Greece should not be changed, after a report said Chancellor Angela Merkel would allow Athens "a few weeks" more to meet its commitments.

UK needs extra spending cuts, says OBR

The UK government must make deeper cuts or raise more money in the future to keep public finances in check, the Office for Budget Responsibility says.

Italy eyes euro zone aid to ease debt pain

(Reuters) - Italy said on Tuesday it may want to tap euro zone aid to ease its borrowing costs as finance ministers struggled to convince markets they are getting a grip on the bloc's debt crisis, which a top European Central Banker said could escalate.

Spain Gets Further Concessions on Its Bailout

MADRID — In the early hours of Tuesday morning, Spain squeezed additional concessions from its euro currency bloc partners, both in terms of guaranteeing rescue aid for its banks and loosening Madrid’s budget deficit targets.

German "wise men" reiterate call for redemption fund

(Reuters) - Germany's panel of government economic advisors said on Friday the decisions made at last week's EU summit could stabilize the euro zone in the short term but do not solve the crisis which could still escalate further.

As economy steadies, number of bank failures falling

WASHINGTON — Fewer U.S. banks are failing than at any time since the financial crisis erupted in 2008.

China rate cut a gamble that banks will boost economy

BEIJING (Reuters) - China's second surprise rate cut and lending reform in the space of a month shows that Beijing wants borrowing to play a greater role in reviving an economy struggling with its weakest pace of growth since the global financial crisis.

US jobs data triggers share price slip

US shares have fallen after official data showed firms had created only 80,000 new jobs in June, leaving the jobless rate unchanged at 8.2%.

Greece sees 'difficult years ahead' as EU-IMF talks begin

ATHENS: New Greek Finance Minister Yannis Stournaras warned on Thursday that the country's recovery was "off-track" and Greece faced "difficult years ahead" as sensitive talks with EU-IMF creditors began.

The U.S. and Europe: Time to spur growth through trade

An important but little-noticed event took place at the June 18-19 G-20 Summit – President Obama and his European Union counterparts signaled the U.S. and EU may negotiate a comprehensive agreement to liberalize transatlantic trade and investment.

Debt crisis: Finland threat to plans to unleash ESM

Finland, one of the eurozone’s few remaining AAA-rated economies, has pledged to block Brussels’ celebrated plans to allow its new bail-out fund to buy sovereign bonds in the market.

Spain shrank further in second quarter, government to push reforms

NAVACERRADA, Spain (Reuters) - Spain's economy shrank further in the second quarter but looks set to stabilize over the rest of the year while the government continues to push structural reforms and budget austerity, Economy Minister Luis de Guindos said on Sunday.

Lagarde assures Mursi IMF ready to help Egypt

WASHINGTON (Reuters) - International Monetary Fund Managing Director Christine Lagarde called Egyptian President-elect Mohamed Mursi to discuss the economic challenges facing Egypt and how the international lender can best help, a spokesperson for the IMF said on Friday.

White House: encouraged by "progress" made by Europe

(Reuters) - The White House on Friday offered a cautious welcome to the promise of fresh action by euro zone leaders during overnight talks to tackle their simmering debt crisis, but emphasized that the region will require ongoing steps to resolve its problems.