Greece needs further debt relief after third bailout deal in five years, says IMF chief

Greece needs more significant debt relief from its creditors, the head of the International Monetary Fund said, after the bankrupt country accepted tough conditions to secure its third bailout deal in five years.

Greece debt crisis: Global stock markets slide

Stock markets in Europe and the US have fallen after Greece closed its banks and restricted cash withdrawals.

China’s $100 Billion E Fund Plans Offices in New York, London

E Fund Management Co. plans to open offices in New York and London as it seeks to build its brand and promote products overseas.

Global Inflation Mystery Risks Making Central Bankers Bystanders

Janet Yellen’s Federal Reserve is “reasonably confident” it can drive up consumer prices. Mario Draghi says his European Central Bank’s stimulus has already “proven so far to be potent.”

G20 warns of financial volatility risk as central banks diverge

WASHINGTON, April 17 (Reuters) - The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways.

Greece at substantial risk of default, say experts

Greece is at substantial risk of a default, one of the world’s three leading ratings agencies said on Wednesday, as it downgraded the debt of the struggling eurozone country.

U.S. labor market tightens, but wages still anemic

(Reuters) - U.S. job growth increased at a steady clip in October and the unemployment rate fell to a fresh six-year low, underscoring the economy's resilience in the face of slowing global demand.

EU ready to help Greece in 'whatever way necessary'

(BRUSSELS) - The EU will help twice-bailed out Greece "in whatever way necessary," the bloc's top economics official said Thursday, as stocks plunged across Europe on fears of a return of the eurozone debt crisis.

Exclusive: Fed's Williams downplays global risks, eyes U.S. inflation

(Reuters) - A bellwether Federal Reserve policymaker on Tuesday downplayed concerns about weakness in the global economy, saying the U.S. central bank should only delay an interest rate hike next year if inflation or wages fail to perk up.

U.S. Fed frets over strong dollar, global woes: minutes

(Reuters) - Federal Reserve officials want to tie an interest-rate rise to U.S. economic progress, but the minutes of their last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and a global slowdown.

Russian rouble falls to new low on sanctions threat

The Russian rouble fell to a record low against the dollar as investors fear further sanctions against the nation.

Global stocks fall on Russian crisis; Euro at nine-month low

European shares fell on Tuesday, throwing a rally in the United States and Asia into reverse, and the euro dipped towards nine-month lows against the dollar as reports a Russian aid convoy was heading to Ukraine ratcheted up tension between Kiev and Moscow.

Argentina debt talks must continue after default: U.S. Judge

(Reuters) - Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country's failure to service a June interest payment was declared a "credit event."

Draghi: Cramped credit hurting recovery

SINTRA, Portugal (AP) — European Central Bank President Mario Draghi says the ECB could take targeted steps to get credit flowing to struggling small businesses as a way to boost the tepid economic recovery.

BOJ Refrains From Easing With Signs Japan Weathering Tax Rise

Japan’s central bank refrained from boosting stimulus and raised its view of business investment as the economy shows signs of weathering the impact of the first sales-tax increase since 1997.

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.

U.S. Keeps AAA by Fitch, Outlook Raised on Debt Pact

The dire economic and political landscape cited by Standard & Poor’s when it downgraded the U.S.’s AAA credit rating in 2011 is proving to be unfounded.

IMF sees higher global growth, warns of low inflation

WASHINGTON: The International Monetary Fund raised its global growth forecasts for the first time in nearly two years on Tuesday amid rising demand and inventories in advanced economies, which picked up the mantle of growth from emerging markets.

China Starts Prime Loan Rate as New Benchmark in Market Push

China started publishing a new lending rate based on quotes from banks and signaled it may eventually replace the current benchmark set by the People’s Bank of China, deepening a shift to market-based interest rates.

G20, meeting in Washington, to seek answers on looming U.S. debt crisis

WASHINGTON (Reuters) - Top finance officials from the world's leading economies gathering later this week will look for straight answers from the United States over the political dysfunction that threatens to throw the world's largest economy into default.