China fears, global growth doubts grip markets

Markets are watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth.

G7 leaders urge tough line on Russia at start of summit

Leaders from the Group of Seven (G7) industrial nations backed a tough line toward Moscow at the start of a summit in the Bavarian Alps, with U.S. President Barack Obama urging the gathering to stand up to Russian aggression in Ukraine.

BOJ's Kuroda says FX should reflect fundamentals

TOKYO, June 2 (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was important for currency rates to reflect economic fundamentals, and reiterated that central bank policy is aimed at fostering price stability and not to weaken the yen.

Ahead of G20 meeting, Canada raises concerns about global economy

OTTAWA (Reuters) - As the Group of 20 leading economies head into ministerial talks in Turkey next week, Canada highlighted the uncertainty of the global economy and concerns over the ability of the United States to sustain global growth.

U.S. jobless claims dip; 2014 layoffs lowest in 17 years

(Reuters) - The number of Americans filing new claims for unemployment benefits fell last week and job cuts declined sharply in December, suggesting the labor market is tightening.

G-20 and Australia had much riding on summit

CANBERRA, Australia (AP) -- The relevance of the Group of 20 exclusive club of nations and Australia's place on the world stage had a lot riding on the outcome of the weekend G-20 leaders' summit in the Australian city of Brisbane.

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.

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.

Britain's economy set, finally, to recover ground lost to crisis

(Reuters) - Britain's economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago.

India budget: Arun Jaitley unveils reform plans

India's new government is lifting some caps on foreign investment, tightening borrowing limits and plans to introduce a goods and services tax as part of what it calls a "budget for growth".

G-20: Determined To Add Jobs, Boost Growth

WASHINGTON – Finance officials of the G-20 group of important global economies on Friday said they were determined to further strengthen the global economy, create jobs and improve longer-run growth prospects.

China 2013 current account surplus to GDP ratio falls to 2%: Report

BEIJING: China's current account surplus was equivalent to 2 per cent of gross domestic product in 2013, down from 2.6 per cent in the previous year, official data showed, as the government seeks to reduce the economy's reliance on external demand.

G-20 Pushes Growth as Stimulus Withdrawal Backed, Draft Says

The Group of 20 will take “concrete actions” to bolster growth while backing the normalization of monetary policy in advanced economies, according to a draft communique seen by Bloomberg News.

All G20 members have role in softening volatility: Canada official

OTTAWA (Reuters) - Advanced economies must explain their monetary policy approach clearly to the rest of the world and some emerging economies need to strengthen policies in order to soften the financial market volatility during this unprecedented period of transition, a senior Canadian finance official said on Monday.

IMF Calls on Emerging Markets to Bolster Economic Fundamentals

The International Monetary Fund said some developing countries need to take action to “improve fundamentals” as emerging-market stocks extended their worst start to a year since 2008.

A new year of worries about the world economy

As the year that saw the world's strongest economy brought to the precipice of a default comes to a close, many wonder if 2014 promises any more stability.

China's $50 billion move to avert cash crunch

China's central bank has been forced to pump nearly $50 billion into the financial system to prevent a second damaging cash crunch this year.

Japan warns of 'consequences' in US debt battle

Japan's finance minister and top central banker on Friday urged Washington to resolve its political gridlock, warning a debt default could lead to grim "consequences" for the global economy.

Christine Lagarde urges US that debt crisis threatens world economy

The head of the International Monetary Fund, Christine Lagarde, has urged America's warring politicians to settle their differences as she warned that an escalation of the budget row would harm the entire global economy.

G20 to say economy recovering, crisis not yet overcome: Russia

RUSSIA: The Group of 20 will say in its summit communique that the global economy is improving but it is too early to declare an end to crisis, a Russian official involved in its drafting said on Friday.