China Wants to Internationalize Its Currency, So It's Easing Capital Restrictions

You can’t buy a beer with it. You can’t trade in it. Yet China’s push to win an arcane currency status bestowed by the International Monetary Fund is driving policy makers in Beijing to ease capital restrictions.

Nicola Sturgeon attacks UK government's spending cuts

Nicola Sturgeon has attacked the “scale and speed” of government spending cuts, while pledging that the Scottish government will campaign for the UK to stay in the EU.

Iran Wants To Overcome Differences With Saudi-Arabia

Iran’s oil minister, Bijan Zanganeh, says that despite their general differences over Islam and specific quarrel over Yemen, his country and Saudi Arabia have more in common than may be immediately evident.

Egypt Tax Delay Means Rich Pay Less to Cut Deficit: IMF

The International Monetary Fund criticized Egypt’s decision to delay imposing capital gains tax on stocks because it means that the cost of shoring up public finances will be borne by “people who are less able to afford it.”

EU agrees 1.8bn-euro loan to cash-strapped Ukraine

The EU has agreed a €1.8bn (£1.3bn; $2bn) loan to Ukraine - described as a landmark deal for a non-EU member.

Gap between rich and poor 'keeps growing'

The gap between the rich and the poor keeps widening, the Organisation for Economic Cooperation and Development (OECD) says.

Canada Stocks Rise a 4th Day as Gold, Crude Producers Advance

Canadian stocks rose a fourth day, the longest stretch in five weeks, as energy producers gained after crude halted a five-day slump and gold mining companies increased ahead of Federal Reserve meeting minutes.

Deutsche Bank reviews cutting UK presence in Brexit scenario

Deutsche Bank (DBKGn.DE), the euro zone's second-largest bank by assets with large operations in Britain, has begun initial preparations for a possible UK exit from the European Union as Prime Minister David Cameron readies a referendum on the matter.

Islamic Extremism Perceptions Test Malaysian Investment Advocate

Overcoming foreign investor misconceptions that Malaysia harbors Islamic extremists and lacks infrastructure is Zainal Amanshah’s biggest challenge.

Dollar Drop Deepens as Sluggish Inflation Brings on Bearish Mood

Dollar bulls reeling from the longest losing streak in 19 months face further pain. U.S. inflation -- or rather the lack of it -- is back in the spotlight before monthly data and minutes from the Federal Reserve’s latest meeting that may show limits to the central bank’s tolerance for sluggish price gains.

Pacific and European trade deals may be back on track as US Senate votes again

The US Senate reached a compromise on Wednesday to advance Barack Obama’s sweeping trade agenda, one day after a failed vote dealt an early blow to the White House’s pursuit of new free trade agreements with Asia and Europe.

US dollar may get a second wind

Since mid-April, the dollar has declined by 7% versus the euro and 6% versus the British pound, moving back to levels last seen around January.

One more risk for Greece right now

Greece's anti-austerity government may think it's being squeezed by its international lenders but that could be nothing compared to the pressure it faces from the country's voters, experts warn.

Abe to push security reform, may compromise economic change

TOKYO — Japanese Prime Minister Shinzo Abe will this week push ahead with plans to loosen the rules governing the military, although analysts warn that this may squander the political capital needed to pursue tough economic reforms.

A Climate-Modeling Strategy That Won’t Hurt the Climate

It is perhaps the most daunting challenge facing experts in both the fields of climate and computer science — creating a supercomputer that can accurately model the future of the planet in a set of equations and how the forces of climate change will affect it.

Once untouchable, Egypt's Sisi faces media attacks

Egyptian newspapers are publishing what would have been unthinkable when then-army chief Abdel Fattah al-Sisi removed the Muslim Brotherhood from power in 2013: suggestions that he is fallible.

US concerned China behind cyberattack on US sites

WASHINGTON (AP) -- The United States voiced concern Friday over a report that China manipulated international Internet traffic intended for a major Chinese Web service company and used it for a cyberattack on U.S. sites.

Japan ruling party executive says more BOJ easing not needed for now

TOKYO (Reuters) - The Bank of Japan does not need to ease monetary policy further for the time being since a delay in hitting its inflation target is mostly due to slumping oil prices, the policy chief of Japan's ruling Liberal Democratic Party said on Friday.

U.S. job growth recovers, keeps 2015 Fed rate rise in play

U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, suggesting underlying strength in the economy at the start of the second quarter that could keep alive prospects for a Federal Reserve rate hike later this year.

Russia, China sign raft of deals in Moscow

MOSCOW (AP) -- Russian and Chinese leaders have signed a plethora of deals in Moscow, including billions in infrastructure loans for Russia.