Bank of Canada repeats rate message, sees debt slowing

OTTAWA (Reuters) - There are signs that Canada's soaring household debt and its heated housing market - two of the biggest headaches for the country's policymakers - are decelerating, Bank of Canada Governor Mark Carney said on Tuesday.

European Union Exit? Concerns Grow for Britain

LONDON — Is Britain moving inexorably toward the European Union’s exit door?When the European Union unexpectedly won the Nobel Peace Prize this month, the leaders of Germany, France and Italy spoke of their pride.

Barack Obama has no new middle class tax cut plan: White House

ABOARD AIR FORCE ONE: US President Barack Obama will continue to push for middle-class tax cuts as part of his economic agenda, but the White House is not considering a specific new tax cut plan at this time, a spokesman for Obama said on Saturday.

South Africa strikes: Sacked platinum miners reinstated

The world's biggest platinum producer, Anglo American Platinum (Amplats), has agreed to reinstate the 12,000 South African miners sacked for taking part in an unofficial strike.

G20 to urge members to act against economic uncertainty

MEXICO CITY (Reuters) - The Group of 20 leading nations will urge countries to make the most of safety nets, including Europe's bailout fund, to limit uncertainty in the global economy when policymakers meet early next month, Mexican Deputy Finance Minister Gerardo Rodriguez said on Friday.

Euro zone rot spreads to Germany, China mending

LONDON: The euro zone's biggest member Germany is being sucked into the bloc's worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating.

If US goes over fiscal cliff, dollar could fly

NEW YORK: In times of trouble, investors tend to flee to the comfort of the U.S. dollar -- even when the trouble is emanating from the United States.

"Fake in Italy" branches out into toothpaste, soaps: reports

MILAN (Reuters) - Counterfeiters of the kind who normally concentrate on ripping off luxury labels are diversifying into cheaper daily items like soaps and shampoos to lure Italian consumers cutting back on everything amid the recession, a study on Monday said.

Germany may see economy shrink in fourth quarter

Germany, the main funder of the eurozone's many bailouts, may see its economy shrink by the end of the year as the crisis bites, the central bank has warned.

Chinese government mulls policies to support solar power industry

(Reuters) - China is working on policies, including subsidies and easier access to the grid, to help its ailing solar power producers expand in the domestic market, the China Daily reported on Saturday, citing industry officials and government sources.

Eurozone crisis: Troubles grow in Spanish banking rescue

MADRID: Spain seems condemned to pay for its own banking rescue after Germany flatly refused to let the eurozone's future bank supervisor do so, analysts say. That is bad news for Spain's soaring public debt.

Bank of Canada not seen tightening until fourth-quarter 2013

OTTAWA (Reuters) - The Bank of Canada will postpone interest rate hikes until the fourth quarter of next year and will likely water down rather than eliminate its hawkish language when it announces its next rate decision on October 23, a Reuters poll of market forecasters showed on Thursday.

Analysis: Romney, Obama ask voters: Trust me

WASHINGTON (AP) — President Barack Obama and Republican Mitt Romney teed up the last three weeks of the presidential election as a question of which man voters can trust to improve the economy.

Unemployment falls to 15-month low

Hopes that Britain's economy is starting to recover from recession were boosted by a surprise fall in unemployment to its lowest rate since June 2011 while the number of people in work hit the highest level ever recorded.

Greece's Recovery Coming - But at a Cost

Greece's economy, in its fifth year of recession, is showing "tentative signs" of stabilization despite on-going political uncertainty, according to the latest research note from Credit Suisse.

French business erupts in fury against "disastrous" François Hollande

France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned.

South Africa labour turmoil hitting growth

JOHANNESBURG (Reuters) - Two months of crippling labour turmoil are likely to force South Africa to look again at its economic growth forecasts, the central bank's deputy governor said on Sunday.

Goldman Sachs FX strategist: A$ 20% overvalued

SYDNEY--The Australian dollar is about 20% over valued and vulnerable to a sharp correction amid a slowing domestic economy and downward pressure on commodity prices, a top Goldman Sachs Group Inc.

China's central bank governor to skip key meeting in Japan

The governor of China's central bank has pulled out of the International Monetary Fund (IMF) and World Bank meetings being held in Japan.

Spain minister plays down IMF report

MADRID (AP) — Spain's economy minister played down the International Monetary Fund's forecast that the Spanish economy will contract by 1.3 percent next year — more than double its previous predictions — saying Tuesday that the forecast is not written in stone.

IMF cuts growth forecast for UK in "gloomier" global outlook

The International Monetary Fund cut its growth forecast for the UK as it downgraded its view of the global economy.

Greek deadlock continues as Christine Lagarde describes talks as 'productive'

Greece will not reach a deal with European debt inspectors on fresh austerity measures before a vital meeting on Monday, according to the country's finance minister, even as IMF managing director Christine Lagarde described talks as "very productive".

Behind Iran's currency crash

NEW YORK (CNNMoney) -- Iran's currency is in a free fall, and the sanctions over its nuclear program are mostly to blame.

German industry orders slide on weak domestic demand

(Reuters) - German industrial orders dropped in August as a slide in domestic demand outweighed an improvement in euro zone contracts, denting hopes that domestic appetite will sustain growth in Europe's largest economy.

ECB's Draghi Says Bond-Buying Program Is Ready

KRANJ, Slovenia—European Central Bank President Mario Draghi on Thursday said the bank's new bond-buying program is ready to activate, and put the onus on vulnerable countries such as Spain to first seek and receive assistance from other euro-zone governments.

Shares gain as growth fears ease, ECB meeting eyed

LONDON (Reuters) - European shares rose on Thursday as better economic data from the United States eased fears over global growth, while the euro strengthened ahead of an European Central Bank policy meeting later where is expected to keep rates unchanged.

Bernanke Seeks Gains for Stocks in Push for Jobs: Economy

Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent.

G7: Europe will tell US to deal with 'fiscal cliff'

Europe will tell the US, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that US fiscal policy and slowing growth in Japan and China also pose risks to the global economy, according to reports.

Greece sure to get next aid tranche: German magazines

BERLIN: Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency, two German magazines reported on Saturday.