Golbal Economy Weekahead: Pick-up continues as Greek drama plays on

LONDON (Reuters) - Economic indicators are this week expected to show signs of continued, if modest, progress in much of the world -- all of which could be blown off course if the standoff between Greece and its lenders leads to a rupture in the euro zone.

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.

World Bank expects Russia's economy to contract by -2.9 per cent in 2015

MOSCOW: The World Bank expects Russia's economy to contract by 2.9 per cent in 2015, it said in a report on global economic growth on Wednesday, cutting its forecast from December when it expected a 0.7 per cent contraction.

Germany faces lower tax intake due to slower growth: Handelsblatt

(Reuters) - Germany will take in several billion euros less in tax revenues next year than expected due to lower growth, Handelsblatt business daily reported on Thursday, a week before experts are due to give a new estimate.

European stock markets recover after another day of tumbles

Leading shares in London clawed back most of their early losses at the close after another day of market turmoil caused by renewed concerns about the eurozone economy and fears about the prospects for global growth.

Asian markets mixed after US shares slide

Asian shares have had a mixed day following a sell-off on Wall Street as investors worry about how weak global growth will affect companies' earnings.

IMF Cuts 2014 Global Forecast After Slowdowns in China, U.S.

The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices.

G20 pledges to add $2 trillion to global economy

The largest global economies have pledged to install policies that will add $2 trillion to the world economy over the next five years.

G-20 ready to take action to underpin global growth: Saccomanni

(Reuters) - Italy's outgoing Economy Minister Fabrizio Saccomanni on Wednesday said market turmoil in emerging markets is a threat to global growth and the world's 20 major economies are ready do what is necessary to underpin output.

Euro Zone's Weak Recovery Poses Risks to Others

BERLIN—The euro zone's recovery from crisis looks stuck in low gear, posing risks to its struggling members and weighing on fragile global growth.

OECD cuts world growth forecast

Another month, another downgrade for the world economy, this time from the Organization for Economic Co-operation and Development.

As advanced economies grow, emerging ones struggle: OECD

PARIS: The Organisation for Economic Cooperation and Development says that advanced economies are staging a comeback but a slowdown in emerging countries will keep global growth low this year.

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.

IMF predicts European recession will slow global economy

A recession in Europe will slow the global economy this year, the International Monetary Fund predicted Tuesday, while urging world leaders to focus on growth more than budget cuts.The IMF forecasts global growth of 3.25 percent this year, slower than the 4 percent pace it projected in September.

Global Growth Slows to 3.9% as O’Neill Sees Aging Labor in BRICs

Jan. 3 (Bloomberg) -- A year ago, Catherine Liu employed more than 2,000 people at her five Shanghai luggage-making factories. Now, as the dwindling supply of low-paid young workers forces wages and costs higher, she has 1,200 left.

Global Economy is Rebalancing Down; U.S. is Short-Funding Persistent Budget Deficit According to BNY Mellon's Hoey

LONDON and NEW YORK, Sept. 28, 2011 /PRNewswire via COMTEX/ -- The global economy is rebalancing down, as the stresses on the developed economies have increased. Odds therefore favor a global growth recession rather than a full-scale global recession, according to BNY Mellon Chief Economist Richard B. Hoey in his September 2011 Economic Update.

"The key to the global economic outlook is whether the resolution of the European financial stresses evolves in an orderly, semi-orderly or disorderly way," Hoey states. "We expect a semi-orderly pattern, which should be consistent with a global slowdown at a subdued pace rather than a full-scale global recession."

Britain's FTSE plunges on fears over global economy

LONDON, Sept 22 (Reuters) - Britain's leading shares were sharply lower across the board on Thursday, tracking hefty falls on Wall Street and in Asia after the U.S. Federal Reserve gave a downbeat assessment of the economy, saying it faced "significant downside risks".

The Fed's cautious comments came as it, as expected, unveiled fresh economic stimulus measures, dubbed "Operation Twist" by the financial markets, which will see it buy more long-term Treasury securities in an effort to lower borrowing rates.

Glencore confident on outlook after maiden interims

Glencore (LON:GLEN), the miner and world’s commodities trader, yesterday posted very healthy first half profits despite a tricky trading environment over the period. Analysts at Citi are content with the group’s first set of result since its massive IPO in May and remain positive on its shares.

The Switzerland-based commodities group reported a 57% rise in first-half adjusted net income to $2.45 billion on sales ahead 32% to $92.12 billion.

Analysts at Citi say the “credible” interim performance was in line with their expectations at both the revenue and earnings before interest and tax (EBIT) level.

Canada Dollar Falls on European Debt Crisis, Slower U.S. Economic Growth

Canada’s dollar fell for a fourth week versus its U.S. counterpart in the longest losing streak since June amid concern global growth will falter as the American economy stalls and Europe’s debt crisis worsens.

The loonie, as the currency is nicknamed, dropped against 13 of its 16 most-traded peers as crude oil, Canada’s biggest export, tumbled for a fourth week. Yields on Canada’s 10-year bonds touched a record low as economists cut forecasts for growth in the U.S., the nation’s biggest trade partner. Retail sales in rose 0.6 percent in June, data next week may show.