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.

Finance officials are warning of big risks tied to the global economic recovery

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk.

Austerity versus growth version 3.0 at G20/IMF

(Reuters) - World policymakers gather in Washington later this week to ponder how to sustain economic recovery at a time when the United States is about to turn off its money taps.

Japan business mood turns positive: government survey

(Reuters) - Confidence at big Japanese manufacturers turned positive in July-September and they expect business conditions to improve further in the following quarter, a government survey showed, suggesting a gradual economic recovery from the slump after April's sales tax hike.

Japan manufacturers' mood, output rise, outlook dims

(Reuters) - Japan's manufacturers reported improving confidence and growth in new orders from domestic and export customers in August, but the service sector's mood soured for a second straight month, reflecting a patchy economic recovery from April's sales tax rise.

China economy fears deepen as August HSBC flash PMI at three-month low

(Reuters) - Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, heightening concerns about increasing softness in the economy.

Britain ‘facing lost decade of economic growth’

Britain is facing a lost decade of economic growth despite the economic recovery, the latest forecasts from a respected think tank suggest today.

BOJ's Sato warns euro area of Japan-style deflation risk

Japan, June 5 (Reuters) - The euro area may face a prolonged period of disinflation that risks harming long-term price expectations, a Bank of Japan policymaker said, warning that the region should not take lightly the potential danger of slipping into a Japan-style deflationary period.

Europe's top banks cut 80,000 more staff in post-crisis overhaul

(Reuters) - Europe's largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region's fledgling economic recovery.

Mexico central bank seen holding rates steady next week: Reuters poll

(Reuters) - Mexico's central bank is expected to hold its main interest rate steady next Friday and policymakers are likely to brush off higher inflation as they look to support an economic recovery, a Reuters poll showed on Friday.

Draghi comments at ECB news conference

Following are comments by ECB President Mario Draghi at a post-meeting news conference.

Some banks easing lending ahead of stress tests: ECB's Honohan

(Reuters) - Some euro zone banks are restricting lending to boost their performance in financial stress tests this year, a member of the European Central Bank's (ECB) governing council said on Friday.

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.

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.

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.

Greece Approves New Austerity Measures

ATHENS — Following two days of intense debate, Greece’s Parliament narrowly approved a barrage of new austerity measures early Thursday, including a contentious plan for thousands of layoffs and wage cuts for civil service workers.

BIS: Central banks must end 'whatever it takes' policy

The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and now governments must do more.

China premier says little room for policy stimulus - media

BEIJING: China has limited room to use government spending and policy stimulus to boost its economy, China Premier Li Keqiang was quoted as saying on Wednesday, dashing hopes among some investors that Beijing may take steps to foster growth.

Growth to return only slowly in second half: EU

NEW YORK: Economic growth in the euro zone will return only slowly in the second half of the year as the region continues to work toward repairing the damaged financial sector, European Union Economic and Monetary Affairs Commissioner Olli Rehn said on Monday.

Poll: Public pessimism on economy is increasing

WASHINGTON (AP) — For the third year in a row, the nation's economic recovery has hit a springtime soft spot. Reflecting that weakness, only 1 in 4 Americans now expects his or her own financial situation to improve over the next year, a new Associated Press-GfK poll shows.