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).

Europe gives Greece another four months

The deal struck Friday by finance officials in Brussels should keep Greece afloat and safely in the euro while it works out a long term plan for economic recovery.

Consumer confidence falls at fastest rate for four years

Consumer confidence slumped in October as optimism about the general economic backdrop as well as personal finances waned. The YouGov/Cebr confidence index fell by 4.6 points over the month to 109.5.

ECB's Mersch says European economy not out of danger zone

(Reuters) - The European economy is not out of the danger zone, European Central Bank Executive Board member Yves Mersch said, calling for further financial integration to overcome remaining impediments to growth.

Canada’s Oliver Eases Austerity Push as G-20 Gathers

Some Group of 20 countries may need more breathing room to meet their deficit targets with the global economy struggling to pick up steam, Canadian Finance Minister Joe Oliver said.

Swedish government cuts growth forecast, says to raise more taxes if re-elected

(Reuters) - Sweden's centre-right government on Saturday delivered a gloomy message to voters ahead of a Sept. 14 general election, cutting its growth forecast due to lingering weakness in the global economy and saying it will raise taxes further if re-elected.

Young hit hardest by recession, says IFS

Young people were hit far harder by the recession than older generations, a report has found. People aged 22-30 saw their household incomes fall by 13% between 2007 and 2013, while those between 31 and 59 saw a 7% drop, according to the Institute of Fiscal Studies (IFS).

Household debt serious threat to UK recovery, says Bank of England deputy

The Bank of England deputy governor, Sir Jon Cunliffe, has warned that household debt is a key risk to the UK recovery and said the Bank's new measures to rein in the housing market should be thought of as insurance against a major crash.

Stable govt brightens prospects for recovery - RBI

MUMBAI (Reuters) - Prospects of economic recovery in India look bright following the formation of a stable government, though supply side issues need to be solved to help monetary policy bring down inflation, the Reserve Bank of India said on Thursday.

Australian Gold Output Declines After Heavy Rains Lash Mines

Gold output in Australia, the world’s second-biggest producer, fell in the first quarter after a key mining region was inundated by heavy rainfall, industry consultant Surbiton Associates Pty said.

America can’t prosper with low rates, weak dollar

Five years after the beginning of the economic recovery, after rock-bottom interest rates and trillions of dollars of quantitative easing by the Federal Reserve, the economy is growing about 2%.

Japan retail sales rise at fastest pace in 17 years before tax hike

(Reuters) - Japanese retail sales rose in March at their fastest pace in 17 years as consumers went on a shopping spree before a national sales tax hike took effect on April 1, setting the stage for a decline in consumer spending the following month.

Euro zone may need lower rates: ECB member

(Reuters) - Euro zone countries are experiencing a recovery but lower interest rates may be needed to nurture it, European Central Bank executive board member Benoit Coeure told France's Le Figaro newspaper on Friday.

Manufacturers optimistic for 2014, says EEF

UK manufacturers are enjoying a strong start to the year and are confident about the outlook, according to their industry body, the EEF.

G-20 vows to boost world economy by $2 trillion

SYDNEY (AP) - Finance chiefs from the 20 largest economies agreed Sunday to implement policies that will boost world GDP by more than $2 trillion over the coming five years.

Autumn statement 2013: UK economic growth upgraded

Britain's economy will grow 1.4% this year and 2.4% next year, chancellor George Osborne said on Thursday as he unveiled big upgrades from the government's independent forecasters, the Office for Budget Responsibility.

ECB to boost banks with more cheap cash, say economists: Poll

LONDON: The European Central Bank will soon provide another shot in the arm for Europe's strained banks with a more cheap, long-term loans, according to a firm majority of economists polled by Reuters.

The biggest US economy killer: US government

The government shutdown and debt ceiling crisis inflicted a toll on the American economy, but that cost is only a fraction of the total damage that the federal government has been causing to the American economy.

Loans to eurozone businesses drop sharply: ECB

Lending to businesses in the debt-mired eurozone contracted sharply in August, data published by the European Central Bank showed on Thursday, souring recent positive sentiment about a nascent economic recovery.

US manufacturing revival 'at risk', surveys suggest

The US manufacturing sector struggled to grow in May, two surveys have shown, underlining worries over the pace of economic recovery.