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.

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.

Bank of England's method of setting interest rates needs reviewing

Mark Carney has some explaining to do on Wednesday. Last August, the governor of the Bank of England announced the arrival of a shiny new model for setting interest rates in the UK.

Obama to tout economic security proposals Wednesday in Md., Pa.

Fresh off his State of the Union address, President Obama plans to discuss new ways to build economic security for the middle class and expand opportunity for all so that every American can get ahead.

Egypt sells $600 million to import basic goods

CAIRO (Reuters) - Egypt's central bank sold $600 million to banks in a special auction of foreign exchange on Sunday to pay for wheat, meat, cooking oil and other essential imports to a country struggling with a currency crisis.

Euro zone recovery to take years: ECB's Coeure

FRANKFURT: The euro zone economy will not operate at its full potential again for many years, but will emerge stronger, European Central Bank Executive Board member Benoit Coeure said in an interview published on Saturday.

IMF: eurozone in critical danger, ECB should launch QE

The eurozone is in "critical" danger and the European Central Bank should play a bigger role in fighting the debt crisis through more rate cuts, QE and further liquidity provision, the International Monetary Fund has said.

Investors dump euro and risky bonds as fears about Spain intensify

Worries about Spain's perilous economic outlook and the threat it poses to its fragile eurozone neighbours intensified on Thursday night as investors dumped the euro and riskier government bonds ahead of the long holiday weekend.