IMF cuts US growth forecast as it urges minimum wage hike

The International Monetary Fund (IMF) has slashed its US growth forecast, urged policy makers to keep interest rates low and raise the minimum wage to strengthen its recovery.

Analysis: Euro zone current account surplus puts Germany in dock

(Reuters) - A sharp rise in the euro zone's current account surplus puts the focus firmly on what Germany's new government can do to boost consumption and revive investment in Europe's largest economy.