Bank of England: Gertjan Vlieghe named as new MPC member

Chancellor George Osborne has announced that Gertjan Vlieghe, a senior economist at hedge fund Brevan Howard, will replace David Miles on the Bank of England’s monetary policy committee.

G-7 Finance Officials to Discuss Loose Monetary Policy Risks

Financial chiefs from the Group of Seven nations will discuss policies to achieve sustainable economic growth and fight potential risks from the present loose monetary policy, a German official said Tuesday.

Greece pays public sector wages to avert fresh economic crisis

Greece avoided another financial crisis by paying about €500m (£360m) in wages to public sector workers, but suffered another downgrade of its credit rating.

Cyprus lifts all capital controls as banks recover

Cyprus is lifting the last remaining capital controls it imposed on its banking system during the financial crisis of 2013.

European commission unveils €300bn infrastructure fund to kickstart growth

A three-year programme aimed at generating more than €300bn (£237bn) for huge infrastructure projects across the European Union is to be launched by the EU executive with the aim of kickstarting growth, combating unemployment and addressing the lack of investment in Europe.

UK manufacturing growth at 17-month low in September

The UK manufacturing sector grew at its slowest pace for 17 months in September as a result of the strong pound and eurozone weakness, a survey has said.

Bank of England holds rates despite robust recovery

(Reuters) - The Bank of England kept interest rates on hold on Thursday as Britain's economy continued to thrive, although risks to the recovery both at home and abroad remain.

U.S. jobs rose since '08 crisis, but pay is 23 pct less: report

(Reuters) - Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.

Many U.S. families feel economic stress, few see wages rising: Fed

(Reuters) - A quarter of U.S. families feel they are under economic stress due to the aftershock of the Great Recession and most do not expect their wages to increase in the next year, according to a new Federal Reserve study released on Thursday.

Federal Reserve tells banks: you're not prepared and you could cause another crisis

US regulators have warned 11 giant banks which submitted unrealistic contingency plans in the event of bankruptcy that unprepared lenders could plunge the world into a new financial crisis.

Portuguese bank fears hit stock markets

Stock markets on both sides of the Atlantic were rattled on Thursday on fears that the suspension of shares in Portugal's third largest bank could lead to a run on the eurozone's debt-ridden banking sector.

US Federal Reserve continues trimming stimulus efforts

The US Federal Reserve announced a further reduction of its stimulus efforts, after a two-day meeting in Washington.

Painful 2013 leaves European banks' returns well below target

(Reuters) - Europe's largest banks are generating a poor return on their capital, well below their post-crisis targets, as muted credit growth slows their recovery and progress on costs is swallowed by unexpectedly high loan losses.

World economy on steady course at best, China a worry, polls show

(Reuters) - The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.

BOE Seeks Derivatives Pact to Prevent a Repeat of Lehman Cascade

The Bank of England is seeking a global pact among banks to suspend default clauses in some derivatives contracts during a crisis, in a bid to ward off bank death spirals that cascade through the financial system.

Federal Reserve cuts additional $10bn from economic stimulus programme

The US Federal Reserve instituted a further cut to its massive economic stimulus programme on Wednesday, in a move that rattled stock markets already worried by recent poor jobs figures.

Davos Globalization Defenders Fight to Show 2014 Not 1914

Davos, the spiritual home of globalization, is having to defend its vision.

U.S. bank watchdogs to consider Volcker rule tweak

WASHINGTON: U.S. bank regulators said on Friday they would consider allowing banks to hold on to certain complex securities despite a new rule limiting risky investments.

British Government Reports Assail R.B.S. Lending Practices

LONDON – Royal Bank of Scotland, the British bank principally owned by the government, said on Monday that it had hired the law firm Clifford Chance to examine its lending practices after government reports that criticized its operations, including claims that it pushed some business clients into serious financial difficulties.

US economy is growing within five years of collapse: Barack Obama

WASHINGTON: US President Barack Obama has credited the turnaround of American economy to the historic reforms in the Wall Street, put in place after the catastrophic financial crisis in 2008.