Roma Employment Drive Falls Short as $14 Billion Untapped

Bodvalenke, a hamlet in Hungary’s northeast, was supposed to be a symbol of possibilities for the Roma, Europe’s largest ethnic minority.

Business-Conservative Alliance Presses for Immigration Action

WASHINGTON — For the business group from Utah, the lobbying blitz started well before their plane touched down in the nation’s capital.

In China, hopes of market reforms tempered by realities of politics

HONG KONG: In a political system whose lifeblood is opaque slogans, a detailed proposal for China's economic reform ominously titled Plan 383 has created a hubbub of excitement from investors and the country's news media.

World currency turbulence hits company earnings

PARIS: Emerging markets have helped rake in a corporate earnings bonanza in recent years, but a sudden plunge in their currencies in mid-2013 due to an expected cut in US stimulus has sorely hit sales and profit.

People from India, China out-educating us: Barack Obama

NEW YORK: Billions of people from countries like India and China are striving hard to "out-educate" Americans in mathematics and technology, President Barack Obama has said while stressing on education reforms to prepare Americans for a global economy where "jobs can go anywhere."

UK's economic growth prompts foretaste of election battle

Britain's strongest growth in more than three years has provided a foretaste of the looming general election battle as the Conservatives and Labour clashed over the state of the economy.

Euro zone business growth eases in October as demand falters: PMI

LONDON: The pace of growth in euro zone business eased unexpectedly this month as the buoyant demand for services seen in September faded, business surveys showed on Thursday.

EU lawmakers seek to block U.S. financial spying

(Reuters) - The European Parliament called on Wednesday for U.S. access to a global financial database in Belgium to be suspended due to concerns that the United States is snooping on the European Union, not just combating terrorism.

European Stocks Climb for Ninth Day on Earnings Optimism

European stocks rallied for a ninth day, their longest winning streak since June 2010, as companies from Novartis AG to Reckitt Benckiser (RB/) Group Plc raised forecasts and data showed U.S. unemployment rate fell to the lowest since November 2008.

Draghi Says Bank-Aid Rules Must Be Flexible on Forced Losses

European Central Bank President Mario Draghi said banks should be able to access public aid without wiping out junior bondholders if regulators decide a lender needs more capital and isn’t on the brink of failure.

UK says its local banking rules eased for all, not just Chinese

LONDON: Britain is ready to relax its banking rules for any non-European bank, not just those from China who want to set up investment banking operations in London, its chief industry regulator said on Thursday.

Inflation higher than expected with energy price rise on way

Inflation was higher than expected last month, keeping household budgets under pressure even before the next round of energy bill increases come in this winter.

Irish Near Bailout ‘End-Game’ With Less Austerity in Budget

Ireland will today unveil its final budget before becoming the first country in the euro region to exit a bailout program, with the government planning to scale back austerity to foster economic growth.

Spanish bank debt to ECB at lowest for 18 months: bank

MADRID: The net debt owed by Spanish banks to the European Central Bank fell in September to the lowest level for 18 months, data from the Bank of Spain showed on Monday.

U.S. May Join Germany of 1933 in Pantheon of Defaults

Reneging on its debt obligations would make the U.S. the first major Western government to default since Nazi Germany 80 years ago.

Europe prepares to come clean on hidden bank losses

(Reuters) - Euro zone countries will consider on Monday how to pay for the repair of their broken banks after health checks next year that are expected to uncover problems that have festered since the financial crisis.

Ireland set to exit EU-IMF bailout on December 15: PM

DUBLIN: Ireland is on track to exit its strict international bail-out programme in December, Prime Minister Enda Kenny announced, although he warned the country still had a way to go to recover from the global economic crisis.

Canada Jobless Rate Reaches Lowest Since 2008 on Dropouts

Canada’s jobless rate unexpectedly fell to the lowest in almost five years in September as young people dropped out of the labor market, helping pull the participation rate to the lowest in more than a decade.

US debt ceiling: What we wake up to on October 18

One cannot rule out the possibility of some sort of a technical default before a compromise is reached on debt ceiling, says Alastair Newton, Senior Political Analyst, Nomura - the one who predicted a red October as early as July.

Bank of Japan sees global damage if U.S. debt ceiling is not raised

MATSUE: Global stocks could plunge and long-term interest rates rise, dealing a severe blow to the global economy, if U.S. politicians do not reach a deal to raise their debt ceiling by mid-month, Bank of Japan Deputy Governor Hiroshi Nakaso said on Wednesday.

IMF sees U.S. default as unlikely, but could be 'devastating'

(Reuters) - A U.S. debt default is an unlikely event, but one that could have catastrophic consequences for the world, the International Monetary Fund said on Tuesday.

Russia halts Lithuania dairy imports in trade row

Russia has halted imports of Lithuanian dairy produce amid tensions over EU plans to forge closer ties with ex-Soviet republics.

Warning bells: Is US shutdown a brewing African-American revolt?

WASHINGTON: The US government shutdown enters its fifth day, a week after the horrific carnage by a mentally ill African-American man in which he kills a dozen people before he is cut down by police.

Bank of Japan maintains stimulus, more upbeat on capex

TOKYO: The Bank of Japan maintained its massive monetary stimulus on Friday and upgraded its view on capital expenditure, encouraged by growing signs that the benefits of its aggressive policy action to escape deflation are broadening.

US government shutdown: Dollar could be the biggest loser

The first US government shutdown in 17 years is stoking speculation that the longer it lasts, the more likely the Federal Reserve will delay reducing its monetary stimulus programme, boosting emerging market currencies at the expense of the dollar.

Draghi Said to Ask ECB Panel to Weigh Liquidity Options

Mario Draghi has asked a European Central Bank panel to study options for new bank funding measures, as policy makers try to figure out how to deal with any future liquidity shortages, two euro-region central bank officials said.

Governments must not relax credit standards to boost growth, IMF warns

The International Monetary Fund has warned governments to resist the temptation to relax credit standards to boost growth as it highlighted the UK's lack of lending to small businesses.

Regulators to have power to eject bank bosses under stress test plans

Bank bosses could be ejected by regulators if they fail to bullet-proof their companies against economic shocks.

Analysis: Euro zone current account surplus puts Germany in dock

(Reuters) - A sharp rise in the euro zone's current account surplus puts the focus firmly on what Germany's new government can do to boost consumption and revive investment in Europe's largest economy.