The US economy's second quarter went from solid to stellar

WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

Second-quarter UK growth steady at 0.7%

UK economic growth for the second quarter of the year was unrevised at 0.7%, official figures have shown.

Pound Gains Versus Euro as Focus Turns to Central-Bank Policy

The pound posted its longest run of gains in three weeks against the euro as investors focused on central-bank monetary policy for clues on the U.K. currency’s future path.

Market turmoil makes September rate hike 'less compelling': Fed's Dudley

NEW YORK (Reuters) - An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday.

Will China's slowdown make us poorer?

There has never been an economic story like China's - consistent rises in national income for 30 years at an annual rate of 10%, hundreds of millions of Chinese people lifted out of poverty, and expansion that took it from almost nowhere to become the world's second biggest economy, contributing 15% of global GDP and 25% of global GDP growth.