Harper urges voters to pick Conservatives amid global economic instability

After a day of global economic turmoil, Conservative Leader Stephen Harper urged voters to entrust his party with the economy for another term.

Canada Recession Threat Renews Rate-Cut Calls

The threat of a recession and lower interest rates in Canada are making the Group of Seven’s best-performing bond market even more attractive.

Interest rates rise could derail recovery, Bank of England economist warns

Raising interest rates too soon from their record low to head off inflation could be a self-defeating move that tips the UK back into recession, Bank of England chief economist Andy Haldane is to warn.

IMF chief: eurozone showing symptoms of Japan’s chronic economic ills

Christine Lagarde, the head of the International Monetary Fund, has warned that the eurozone is displaying the symptoms of Japan’s longstanding economic problems and needs fresh moves to avert the threat of recession.

UK economy grew 0.9% in second quarter, says ONS

UK economic growth has been revised up to 0.9% for the second quarter of the year by the Office for National Statistics (ONS), compared with a previous estimate of 0.8%. UK GDP was 3.2% higher in the second quarter compared with a year earlier.

A Theory on Long-Term Economic Trends and a Sudden Crash

Employment losses during the Great Recession may have had more to do with factors like the rise of Walmart than with the recession itself, two economists say in a new academic paper.

Russia raises rates in move seen as arming for sanctions

(Reuters) - The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.

Economy needs consumers to chip in

WASHINGTON (MarketWatch) — The U.S. economy is revved up and ready to go by most measures except for, perhaps, the most critical one: The consumer.

Americans still hesitant to spend more

Personal income rose 0.4% in May, according to the Bureau of Economic Analysis. It may not sound like much, but it marked the fifth straight month in a row that incomes rose.

Portugal Q1 jobless rate falls for fourth consecutive quarter

LISBON: Portugal's jobless rate fell for the fourth consecutive quarter in the three months that ended in March, to 15.1 percent from 15.3 percent in the previous quarter, data showed on Friday.

European Central Bank keeps interest rates at 0.25%

The European Central Bank (ECB) has kept its benchmark interest rate at its record low of 0.25%. The bank slightly raised its forecast for growth to 1.2% in 2014, but dropped its inflation estimate.

Economy slowly exits the Great Recession

WASHINGTON — The U.S. economy is showing more strength than at any time since the Great Recession began six years ago. Employers are hiring.

Catalan president calls on EU leaders to support push for independence

(Reuters) - Catalonia's president has called on European Union prime ministers for support as the region seeks a vote on independence in November this year, the source of an increasingly bitter fight with Spain's central government.

US consumer confidence rises on better job outlook

WASHINGTON: US consumer confidence jumped this month on a better outlook for hiring and growth, supporting other signs that show the economy could accelerate in 2014.

Cyprus to start privatising in two years - Government

(Reuters) - Cyprus approved a roadmap on Thursday to start privatising state companies in two years, a requirement of international lenders who threw the island a 10 billion euro ($13.6 billion)lifeline in March.

Greek economy to shrink for seventh year, OECD says

The Greek economy will keep shrinking next year and may need more financial help, the Organisation for Economic Co-operation and Development (OECD) says.

Portugal Q3 trade deficit shrinks by 5 per cent

LISBON: Portugal's global trade deficit fell by five per cent in the third quarter from a year earlier, as export growth outpaced that of imports, data showed on Monday.

UK's economic growth prompts foretaste of election battle

Britain's strongest growth in more than three years has provided a foretaste of the looming general election battle as the Conservatives and Labour clashed over the state of the economy.

Ireland set to exit EU-IMF bailout on December 15: PM

DUBLIN: Ireland is on track to exit its strict international bail-out programme in December, Prime Minister Enda Kenny announced, although he warned the country still had a way to go to recover from the global economic crisis.

Regulators to have power to eject bank bosses under stress test plans

Bank bosses could be ejected by regulators if they fail to bullet-proof their companies against economic shocks.