European Union won't seek law to separate banking activities: Report

LONDON: The European Union is set to drop financial reforms that would force big banks to ringfence their retail departments from riskier investment operations, the newspaper reported on Monday.

George Soros warns that Chinese slowdown is biggest worry in 2014

George Soros is worried about China, and we should take note. The hedge fund boss, who built his fortune betting on the world's money markets, is concerned that 20 years of rapid growth is about to run out of steam.

Lew to Urge Europeans to Spur Growth, Avoid Deflation, Aide Says

U.S. Treasury Secretary Jacob J. Lew will urge European officials next week to pursue policies that boost economic growth, avoid deflation and strengthen the banking system, a Treasury official said today.

French borrowing costs rising at 'worrying' rate

France's borrowing costs have continued to rise as latest figures revealed the manufacturing sector underperformed even Greece.

American Consumers in 2013 Most Upbeat Since Before Recession

American consumers in 2013 were more upbeat than at any time in the previous six years as views on the economy, finances and the buying climate improved.

China's factory growth slower but resilient at year end

BEIJING: Growth in China's factories slowed slightly in December as export orders and output weakened, official data showed on Wednesday, adding to views that while the world's second-largest economy remains resilient, it lost some steam in late 2013.

US home price gains slow in October, but yearly gain increases: S&P

NEW YORK: US single-family home prices rose less than expected in October but posted their strongest annualized gain in more than seven years, a closely watched survey said on Tuesday.