Portugal's leaders to detail coalition-saving pact

LISBON, Portugal (AP) -- Portuguese party leaders say a rift that threatened to bring down the government and caused turmoil on financial markets has been patched up with details of the coalition-saving pact to be announced Saturday.

Egypt Rating Cut by Fitch on Concern Turmoil to Curb Growth

Egypt’s credit rating was cut by Fitch Ratings on concern that the ouster of President Mohamed Mursi will damp economic growth and fan political instability.

Bank of England keeps stimulus program unchanged

LONDON (AP) -- The Bank of England refrained Thursday from pumping more money into the U.K. economy, citing improved signs of growth, as it held its first meeting since the arrival of the new governor, Mark Carney.

Gold at a huge premium as imports dry up; survival of small jewellers at stake

KOLKATA: India's gold imports in June are estimated to have fallen drastically to 35-40 tonne, less than a quarter of what the purchases in May were because of state restrictions, triggering a sharp rise in premiums in the local market and raising a question mark on the survival of small jewellers.

Closer to China by degrees

Recent news from China and America has caused some panic around the world and should reinforce the view that the Australian economy of the early 2000s will not come back, regardless of who is in power after 14 September.

Mortgage rates soar to 4.46% - biggest jump in 26 years

Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46% this week -- the largest weekly increase in more than 26 years, mortgage giant Freddie Mac said Thursday.

UK avoided double-dip recession in 2011, revised official data shows

Britain never suffered a double-dip recession in 2012 but suffered a deepercollapse in output following the financial crash than previously thought, according to new data that show the economy is even further away from a full recovery.