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.

Spanish economy posts third straight quarter of growth

(Reuters) - The Spanish economy grew between January and March, buoyed by recovering domestic demand and marking the third quarter of growth as the country shakes off a long-running recession, data showed on Thursday.

Bank of England chief Mark Carney warns of rising inequality as average US chiefs’ pay tops $10m

The Bank of England’s Governor Mark Carney has warned that a more unequal society was “amplifying the rewards of the superstar” as he pledged to help build a “more trustworthy” capitalism.

Canada's top banks agree to no-cost accounts for the low-income

(Reuters) - Canada's eight largest banks have agreed to provide no-cost accounts to 7 million low-income people, Finance Minister Joe Oliver said on Tuesday as part of the Conservative government's consumer protection agenda ahead of a 2015 election.

Obama congratulates new India PM Modi

Washington (AFP) - US President Barack Obama congratulated Narendra Modi and said he was looking forward to working with him after he was sworn in as Indian prime minister on Monday.

Euro-Area Periphery Hooked on BOJ Stimulus: Chart of the Day

Euro-area peripheral bonds are hooked on Japan’s monetary stimulus.

US claims win in car trade dispute with China

GENEVA (AP) — The United States claimed victory in a trade dispute Friday after a key panel ruled that China's anti-dumping duties on imports of American-made cars and sport-utility vehicles violate international trade rules.