China's Economy Is Surging 7% but Everyone Thinks That's Too Slow

Most countries would be thrilled to have such a robust economy. And if the U.S. economy were expanding at anywhere near that level -- its GDP grew just 2.4% last year -- the Federal Reserve would already be raising interest rates.

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.

Chinese banks get serious about risk of bad debts swell

(Reuters) - Chinese banks are scrambling to get on top of bad debts they have downplayed for years, cutting off riskier borrowers, further tightening lending terms and, in one case, deploying teams of investigators to assess the risk of loan defaults.

U.S. economy stumbles in first-quarter, but prospects brighter

(Reuters) - The U.S. economy contracted for the first time in three years in the first quarter as it buckled under a severe winter, but there are signs it has rebounded and economists say it could grow as much as 4 percent in the current quarter.

India interim budget: Indirect taxes on cars cut

India's Finance Minister Palaniappan Chidambaram has cut indirect taxes on cars and mobile phones in an attempt to boost economic growth.

UK economy set to strengthen this year, BCC says

The UK's economic recovery is set to gather momentum this year, according to the latest quarterly survey by the British Chambers of Commerce (BCC).

UK manufacturing expands at fastest pace in three years

Manufacturing returned to form in November as the sector steamed ahead with the fastest growth in nearly three years, following two months in which the pace of expansion slowed.

US economy shows signs of shrugging off higher interest rates

WASHINGTON: US home resales surged in August to a 6-1/2-year high and factories grew busier early this month in the Mid-Atlantic region, signs that rising borrowing costs might be weighing only modestly on the economy.

Recent UK manufacturing growth spurt fails to offset year's earlier falls

A recent rise in manufacturing output failed to override a bad year for Britain's factories, according to official figures on Friday.

Jobless Claims in U.S. Decline to Lowest Level Since 2007

Employers fired the fewest workers last week since before the recession began almost six years ago, raising expectations that bigger job gains will soon give U.S. consumers the ability to boost spending.

Spotlight on the economy: Data wave to show manufacturing without momentum

Wednesday is shaping up to be a busy one on the economics front, with two indicators due on manufacturing as well as reports on inflation and home-builder sentiment.

Singapore economy contracts 1.5% but avoids recession

Singapore's economy contracted in the July to September period, but has narrowly avoided a technical recession.