Egypt foreign reserves see first gain since 2010

CAIRO (Reuters) - Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and sent the economy into a tailspin.

German Yields Fall to Records on Safety Bid; France Gains

German bunds advanced, sending the nation’s borrowing costs to record lows, on speculation Europe’s economic slump is deepening and exacerbating the region’s financial crisis.

European Central Bank Opposes Higher Taxes

BARCELONA — Ahead of crucial elections in France and Greece, Mario Draghi, the president of the European Central Bank, warned governments on Thursday that opting for the “easier road” of raising taxes to fill public coffers would not solve Europe’s problems.

UK construction PMIs offer recovery hope

Construction continued to power ahead in April with strong levels of new business and employment, according to a closely-watched economic indicator.

U.S., Japan still mulling regional trade pact: Obama

(Reuters) - President Barack Obama on Monday voiced support for Japan joining talks with the United States and eight other countries on a free trade agreement in the fast-growing Asia Pacific region, but said no final decision had been made.

Australia cuts interest rates as economy slows

Australia's slowing economy has pushed the country's central bank to slash interest rates by 0.5 percentage points to 3.75%, in a sign that the eurozone crisis and the cooling in China are affecting the global economy.

Wall Street down; S&P on track for monthly loss

(Reuters) - U.S. stocks fell on Monday, putting the S&P 500 on track for its first monthly decline since November, after data hinted the U.S. economic recovery is stalling and Spain's fall back into recession underscored nagging euro zone stresses.