Bank of England director defends QE and low interest rates

Britain would be a significantly poorer country without deep cuts in interest rates and the Bank of England's emergency injection of £375bn into the economy through its controversial quantitative easing (QE) programme, one of the Bank's leading policy makers has said.

Philippine Growth Dips Below 6% as Storm Impact Lingers: Economy

Philippine economic growth eased to below 6 percent for the first time in nine quarters, giving the central bank scope to keep interest rates at a record low.

What Russia-China relations mean for the dollar

If there was one takeaway from Russia's annual economic shindig in St Petersburg last week, it was that the country is continually looking to its neighbor China for trade and investment.

IMF chief says banks haven't changed since financial crisis

The head of the International Monetary Fund has warned that a persistent violation of ethics among bankers and rising inequality pose a major threat to growth and financial stability.

Draghi: Cramped credit hurting recovery

SINTRA, Portugal (AP) — European Central Bank President Mario Draghi says the ECB could take targeted steps to get credit flowing to struggling small businesses as a way to boost the tepid economic recovery.

German economy gets off to good Q1, but confidence dips

FRANKFURT: Booming investment provided the German economy with a healthy kick start into this year, but business confidence in Europe's biggest economy appears to be stalling already, data showed on Friday.

Australian Gold Output Declines After Heavy Rains Lash Mines

Gold output in Australia, the world’s second-biggest producer, fell in the first quarter after a key mining region was inundated by heavy rainfall, industry consultant Surbiton Associates Pty said.