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Updated: 12 hours 41 min ago

German finmin sees quick economic recovery after weak Q2 - Spiegel

Sun, 24/08/2014 - 11:21
BERLIN (Reuters) - Germany's finance ministry expects Europe's biggest economy to bounce back after a weak second quarter and thinks growth may even exceed the government's current forecast of 1.8 percent for this year, Der Spiegel magazine reported on Sunday.

Deepening rivalries test German luxury car dominance

Sun, 24/08/2014 - 10:43
PARIS/BERLIN (Reuters) - Berlin-based PR executive Herbert Franz should be a soft target for German luxury automakers - his last car was a BMW X3 - but he can't wait to leave them behind.

Europe fears deflation as Ukraine stays centre-stage

Sun, 24/08/2014 - 10:27
ROME (Reuters) - The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.

Mum's the word on soaring Swedish household debt as poll nears

Sun, 24/08/2014 - 10:12
STOCKHOLM (Reuters) - Johan and Alejandra are the kind of Swedes the IMF has been warning about - piling up debt to keep up with an ever-rising property market and fund a lifestyle of travel, maids and nights out.

China urges more private investment in troubled railways

Sun, 24/08/2014 - 06:20
SHANGHAI (Reuters) - Chinese Premier Li Keqiang urged the heavily scrutinised railway sector to seek more private investment and rely less on state support as a key plank of its reform, the government website said on Sunday.

Insight - Behind Indonesia mining deal, newly minted minister and U.S. mining legend

Sun, 24/08/2014 - 04:40
JAKARTA (Reuters) - As negotiations to resolve an increasingly bitter dispute over Indonesian mining rules teetered on the brink of collapse, the chairman of Freeport-McMoRan Inc James "Jim Bob" Moffett flew to Jakarta for last-ditch talks.

Japan's labour market improving in face of challenges - BoJ's Kuroda

Sat, 23/08/2014 - 19:50
JACKSON HOLE Wyo. (Reuters) - Japan's labour market is showing "significant improvement," though it still faces challenges including a large share of part-time workers in the service sector, Bank of Japan Governor Haruhiko Kuroda said on Saturday.

BoE can resolve financial stability coordination issues - Broadbent

Sat, 23/08/2014 - 19:48
JACKSON HOLE Wyo. (Reuters) - There are potential "coordination issues" between the Bank of England's (BoE) new financial stability committee and other bank functions, a senior BoE official said on Saturday, adding that these issues can be resolved.

Swedish government cuts growth forecast, says to raise more taxes if re-elected

Sat, 23/08/2014 - 18:13
HARPSUND Sweden (Reuters) - Sweden's centre-right government delivered a gloomy message to voters on Saturday ahead of next month's general election, cutting its growth forecast due to weakness in the global economy and saying it will further raise taxes if re-elected.

Bank of England deputy says weak UK pay growth could persist

Sat, 23/08/2014 - 17:27
LONDON (Reuters) - Britain's slow wage growth is not certain to pick up any time soon, despite signs of skills shortages, Bank of England deputy governor Ben Broadbent said in a speech on Saturday.

Russia allows dairy imports from two Serbian firms

Sat, 23/08/2014 - 15:59
MOSCOW (Reuters) - Russia has lifted a ban on dairy imports from two firms in Serbia, the government's food health service said on Saturday, in an apparent attempt to woo the European Union membership candidate amid Moscow's standoff with the West.

Russian Deputy PM says no plans to ban McDonald's - Itar-Tass

Sat, 23/08/2014 - 14:24
MOSCOW (Reuters) - Russian authorities are not planning to close the McDonald's chain in the country, Deputy Prime Minister Arkady Dvorkovich was quoted saying on Saturday, after inspectors visited a number of restaurants run by the fast-food company.

French economy minister says austerity measures sapping growth

Sat, 23/08/2014 - 13:44
PARIS (Reuters) - Austerity measures being pursued by France and elsewhere in the euro zone are quashing growth, French Economy Minister Arnaud Montebourg was quoted saying on Saturday, renewing his attacks on policies he sees as negative for the economy.

HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

Fri, 22/08/2014 - 23:43
NEW YORK (Reuters) - HSBC Holdings Plc was sued for $250 million (150.86 million pounds) on Friday for allegedly ignoring red flags that a colourful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

Fri, 22/08/2014 - 23:40
(Reuters) - Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion (724.2 million pounds) to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

EU sets out roadmap to boost securitised debt market

Fri, 22/08/2014 - 23:06
LONDON (Reuters) - The European Union will decide next year if legal changes are needed to boost the market for securitised debt, a sector seen as key to injecting funds into the economy and encouraging growth, an EU document showed on Friday.

Fed's Yellen calls for caution on rates; Draghi says ECB ready to act

Fri, 22/08/2014 - 23:06
JACKSON HOLE Wyo. (Reuters) - The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. labour market remains bruised from the Great Recession, Fed Chair Janet Yellen said on Friday amid calls from policy hawks for a near-term rate hike.

BOJ's Kuroda says Japan exports to pick up slowly

Fri, 22/08/2014 - 22:05
JACKSON HOLE Wyo. (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Friday that he expects an improving global economy will gradually boost Japanese exports.

Argentina slams U.S. judge as 'imperialist,' peso halts rout

Fri, 22/08/2014 - 20:30
BUENOS AIRES (Reuters) - Argentina on Friday accused the U.S. judge who called the country's new debt restructuring plan illegal of making "imperialist" comments against the South American nation.

Insight - Brazil's slump hits job market as election approaches

Fri, 22/08/2014 - 19:41
SAO PAULO/BRASILIA (Reuters) - Many of Brazil's biggest retailers, homebuilders and carmakers are cutting jobs as Latin America's largest economy teeters on the edge of recession, a fresh blow to President Dilma Rousseff's re-election bid.