Portugal Plans Budget Savings Worth $1.9 Billion for 2015

Portugal plans to implement budget measures worth 1.4 billion euros ($1.94 billion) to narrow its budget deficit and meet a target set for 2015.

Amid ruins of Greek economy, green shoots emerge

(Reuters) - On a cold day in January, car dealer Dimitris Antonopoulos handed over the keys of a brand new, white Jaguar worth 122,000 euros ($167,600), the first one sold in Greece in more than a year amid signs that a brutal recession might be easing.

Economy Shaking Off Effects of Weather as U.S. Payrolls Climb

The economy in the U.S. showed signs of emerging from the effects of the winter storms that have curbed growth in early 2014 as employers added more workers than projected in February.

Employment growth rate to slow slightly, says survey

The recent fast growth in employment is likely to slow in the coming months, the Chartered Institute for Personnel and Development (CIPD) has said.

Pound Strengthens Versus Euro as Retail Sales Surge; Gilts Rise

The pound strengthened against the euro this week as a government report showed U.K. retail sales grew at a record pace for a December, adding to optimism the recovery is gaining momentum.

US Federal Reserve to hold its fire this week, wants clearer economic view

WASHINGTON: Federal Reserve officials are unlikely to make any shift to monetary policy this week as they wait for more evidence of how badly Washington's budget battle has hurt the US economy.

Fed policy under fire at Jackson Hole conference

(Reuters) - What a difference a year makes. Federal Reserve Chairman Ben Bernanke used the 2012 meeting in Jackson Hole as a platform to make his case for a third round of bond buys.

Fed's Raskin bemoans low-wage nature of jobs recovery

(Reuters) - Too much of the recent growth in employment has been concentrated in low-wage and temporary jobs, leaving the recovery on shaky ground, a top Federal Reserve official said on Friday.

Wall Street looks for Fed to continue asset purchase through 2013: Reuters poll

NEW YORK (Reuters) - Wall Street expects the Federal Reserve to continue its program of debt purchases through 2013 in an effort to prop up the economy despite evidence of an improved job market, according to a Reuters poll conducted on Friday.

Canada seen recouping some past job losses in February

OTTAWA (Reuters) - The Canadian economy probably recouped some jobs in February that it lost earlier this year, but tepid growth most likely limited hiring to 8,000 net new positions, a Reuters survey of economists showed on Friday.

Fed officials see brighter global economic outlook

(Reuters) - Two top Federal Reserve officials painted a picture of cautious optimism on Friday for the U.S. economy in 2013, helped by stronger global growth as the central bank aggressively prints money to curb the nation's lofty rate of unemployment.

Fed waits for job market to perk up

LONDON (Reuters) - The Federal Reserve's ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don't expect the U.S. central bank to signal a shift back to normal any time soon.

French PM: committed to cutting deficit

BERLIN (AP) — France's prime minister assured a German audience on Thursday that his country is committed to getting its debt under control, amid concerns that the second-largest economy in the 17-country group that uses the euro is weakening.

UK unemployment falls due to temporary Olympics jobs boost

The number of Britons out of work has fallen to its lowest in almost a year, with the decline partly due to jobs created for the London Olympics as well as an increase in self- and part-time employment.

Growing Paychecks Boost Americans’ Purchasing Power: Economy

Americans’ paychecks in the first half of 2012 grew at the fastest pace in five years, pointing to an improvement in purchasing power that may help propel the economic expansion.

US jobs data triggers share price slip

US shares have fallen after official data showed firms had created only 80,000 new jobs in June, leaving the jobless rate unchanged at 8.2%.