IMF Plans to Raise Global Economic Growth Forecast, Lagarde Says

The International Monetary Fund will raise its forecast for world growth, Managing Director Christine Lagarde said, underscoring confidence in the global recovery as the outlook for the U.S. improves.

Dollar Falls to Lowest Since February as Fed Retains Stimulus

The dollar fell to its lowest level since February as markets were whipsawed by Federal Reserve communications on keeping monthly bond purchases unabated depending on the strength of the economy.

Bernanke Warned by Barnier That Bank Unit Rules Risk Retaliation

The European Union intensified its campaign against U.S. Federal Reserve proposals to toughen oversight of bank units belonging to overseas lenders, warning of “potential retaliation” against the plans because they will drive up costs.

Global shares gain on central bank hopes, eyes on ECB

LONDON (Reuters) - European shares crept higher on Monday after weak factory data highlighted the poor health of the global economy, keeping alive talk of fresh stimulus from major central banks.

Jobs Gains Topping Forecasts Ease U.S. Slowdown Concerns

The U.S. economy generated more jobs than forecast in July as automakers and health-care providers boosted employment, easing concern the three-year expansion is faltering, even as the unemployment rate unexpectedly rose