Greek PM Tsipras sees EU deal by next week

Prime Minister Alexis Tsipras has said Greece is in the final, critical stretch of talks with its international creditors and that he believes an interim deal will be in place by 9 May.

More central banks meet, but ability to pilot economies in doubt

LONDON (Reuters) - Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

China Has a Massive Debt Problem

China has a $28 trillion problem. That’s the country’s total government, corporate and household debt load as of mid-2014, according to McKinsey & Co. It’s equal to 282 percent of the country’s total annual economic output.

European Central Bank Squeezes Greek Banks, Tightening Access to Loans

As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.

Fed Crisis-Liquidity Function Reviewed for Potential Use by IMF

IMF member nations are discussing how to expand the lender’s mandate to include keeping markets liquid during a financial crisis, a role played by a group of major central banks led by the Federal Reserve in 2008.

G-20 Says Volatile Currencies Pose Risk After Dollar Surges

Global finance chiefs identified volatile currencies as a threat to an improving world economy, signaling for the first time that they may be concerned by a surging U.S. dollar.

It's Time for the Eurozone to Let Greece and Tsipras Go

NEW YORK (TheStreet) -- Fish or cut bait, Alexis Tsipras, your 15 minutes of headline fame are up. The Greek Prime Minister Tsipras needs to decide whether he is serious about linking arms with the rest of the Eurozone and, if not, move on to handle the fallout of leaving it.

UK inflation stays at zero in March

Inflation held steady at zero in March, as a fall in gas and clothing prices was offset by higher fuel costs. Inflation, as measured by the consumer prices index (CPI), remained at zero in March compared with a year ago.

Greek finance ministry hits back at German newspaper report

ATHENS (Reuters) - Greece's finance ministry dismissed on Sunday a report by a German newspaper which said that euro zone officials were shocked at Greece's failure to outline plans for structural reforms at last week's talks in Brussels.

Dollar Snaps Three-Week Loss as Fed Moves Closer to Rate Move

The dollar is back on the upswing. The U.S. currency snapped a three-week loss on speculation the Federal Reserve is inching closer to raising interest rates as the economy improves.

ECB’s Linde Says Negative Yields Won’t Last as Economy Recovers

European Central Bank Governing Council member Luis Maria Linde said negative yields on Spanish debt probably won’t persist as the recovery continues.

Greece demands €279bn from Germany in Nazi war reparations

Germany's economy minister branded Greece's demand for 278.7 billion euros in reparations from World War Two as "stupid" on Tuesday, while the German opposition said Berlin should repay a forced loan dating from the Nazi occupation.

UK banks see demand for mortgages picking up in second quarter - BoE survey

LONDON (Reuters) - British banks expect demand for mortgages to rise in the next three months, a Bank of England survey showed, in another sign the housing market is regaining speed.

IMF admits: we failed to realise the damage austerity would do to Greece

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.

Qatar's economy grows more than 6% in 2014

Doha (AFP) - Qatar's economy grew by more than six percent in 2014, official figures showed, driven by spending on huge construction projects ahead of the 2022 World Cup.

Dollar's surge could delay Fed decision to raise rates

The interest rate on an American home mortgage later this year could depend a lot on how many euros, yen, pesos and rupees a dollar will fetch.

China to play bigger international role: Chinese Blue book

China will play a bigger role in international affairs following recent successes of two major summits and its proposal to boost Asian infrastructure, a state-run think-tank said today.

Iranians celebrate, Obama hails 'historic' nuclear framework

(Reuters) - Iranians celebrated in the streets after negotiators reached a framework for a nuclear accord and U.S. President Barack Obama hailed an "historic understanding", but senior global diplomats cautioned that hard work lies ahead to strike a final deal.

Jobless Claims Drop to Lowest Level Since January

WASHINGTON — The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, suggesting the labor market is expanding at a solid clip even as economic growth has stalled.

EU to keep Russia sanctions until next year

European Union leaders agreed on Thursday that economic sanctions imposed on Russia will stay in place until a Ukraine peace deal is fully implemented, effectively extending them to the end of the year if need be.