Oil at 6-year low, but OPEC keeps pumping more

The world's biggest oil producers are pumping like there is no tomorrow.

China and Russia Lay Foundation for Massive Economic Cooperation

In the past decade, Beijing and Moscow have been more competitors than partners. But that relationship may now be changing as Russian and Chinese leaders are considering combining their two countries’ regional economic projects — the Eurasian Economic Union and the Silk Road Economic Belt, respectively.

S Korea cuts interest rates to record low amid Mers concerns

South Korea's central bank has cut interest rates to a record low, amid a deadly outbreak of the Middle East Respiratory Syndrome (Mers).

Canada joblessness steady in April at 6.8 percent

Ottawa (AFP) - Canada's unemployment rate held steady at 6.8 percent in April for the third straight month, despite the loss of 19,700 jobs, the national statistics agency said Friday.

Shop prices fell in every month of 2014 as deflation continues

Prices in UK shops fell in every month of 2014, according to an industry group that predicts tumbling oil prices will continue the deflationary pattern this year.

Oil price slide and sanctions 'cost Russia $140bn'

The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by $40bn, its finance minister has said.

Libya adopts $48bn 2014 budget

Libya's interim parliament has adopted a 2014 budget worth $48bn (£28bn), after delays due to the unrest that has plagued the country.

Markets may be underestimating threats to the global economy

The world's economic, financial, and geopolitical risks are shifting. Some risks now have a lower probability – even if they are not fully extinguished.

Japan's hard to budge obstacle in the fight with deflation

TOKYO: Vending machines stocked with sodas are ubiquitous here, tucked away, it seems, in every nook and cranny of the country.

Euro, shares rise on signs of Chinese growth

LONDON (Reuters) - The euro hit a six-week high and shares rose on Monday as signs of quicker Chinese growth boosted investors' risk appetite although gains were capped by U.S. budget worries.

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.

German Economy To Remain Resilient This Year: IHS Global Insight

(RTTNews.com) - Germany's better-than-expected improvement in business confidence, as the Ifo survey for March showed, indicates that the economy remains resilient to threats from the deepening Eurozone debt crisis and surging oil prices, Timo Klein, senior German economist at IHS Global Insight, said in a note Monday.

Gold edges up on dollar; physical demand sluggish

SINGAPORE (Reuters) - Gold prices edged higher on Wednesday after dropping nearly 1 percent in the previous session, as a slightly weaker dollar came to the aid of buyers, while sluggish physical demand and an improving U.S. economic outlook capped gains.

Emerging-Market Stocks Slide as G-20 Rebuffs Europe Aid

Emerging-market stocks fell from near a seven-month high as the Group of 20 nations declined to boost international resources to aid the euro area, increasing concern that Europe’s crisis will slow the global economy.

Oil prices drop after G20 fail to lift confidence

NEW YORK: Oil prices ended lower on Monday after the Group of 20 meeting in Paris on the weekend failed to solidify market confidence in the global growth picture and Europe's financial soundness.

New York's main contract, light sweet crude for delivery in November, fell 42 cents from Friday's close to finish at $86.38 a barrel.