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.

Central Europe Dodges Currency Selloff After China Stocks Plunge

Central and Eastern Europe’s currencies held their ground against the euro even as their emerging-market peers tumbled amid a China-led global equity rout.

Dollar Falls as Investors Confront Fed Reality Amid Global Rout

Dollar bulls are having a reality-check moment as the Federal Reserve keeps traders guessing about when it will raise interest rates.

Scottish economic growth 'longest since 2001'

Scotland's economy has seen its longest period of uninterrupted growth since 2001, according to the Scottish government's chief economist.

South Africa Sends Wrong Message to Business, Banking Group Says

South Africa’s government isn’t doing enough to promote business and encourage investment, undermining efforts to grow the economy and create jobs, the head of the country’s banking association said.

China policymakers may lose control of yuan: Trader

China may be just one disappointing economic report away from losing control of its currency devaluation, BK Asset Management's Boris Schlossberg said Friday.

Dollar Climbs as Retail Sales Add to China’s Yuan-Support Signal

The dollar strengthened as a rebound in retail sales and Chinese reassurances on the pace of yuan devaluation supported the case for higher U.S. interest rates.

Greece debt crisis: Varoufakis says bailout 'won't work'

Former Greek finance minister Yanis Varoufakis has said the latest Greek bailout deal "is not going to work". Mr Varoufakis, speaking on the BBC's World at One, said that others negotiators in Tuesday's agreement felt the same way.

Chinese yuan: everything depends on what happens next

China’s weakening of the yuan by 1.9% is an event that, in a year’s time, will be seen either as an irrelevance or a major turning point for the global economy.

RBS executives set for multimillion-pound payouts

Royal Bank of Scotland is preparing to hand out shares worth an estimated £2.5m to its 10-strong management team.

Pakistan economy to grow to 4.5% this year: IMF

The IMF on Friday forecast Pakistan's country's economy to increase to 4.5% this fiscal, citing macroeconomic stability, low global oil prices, planned improvements in the domestic energy supply and investment related to the China-Pak Economic Corridor.

UK services growth slips in July as employment hits 16-month low

British services companies grew less than expected last month as hiring eased to its slowest pace since March 2014, suggesting the economic recovery weakened at the start of the second half of this year.

China to the Rescue? Struggling Emerging Markets Hope So

It’s not just China’s steelmakers and cement-mixers that are counting on new public spending to resuscitate growth.

Greek shares plunge on first day of market reopen

The main Athens stock index, the Athex, ended the day down by 16.23% as trading resumed after a five-week closure.

Interest rates: economists and homeowners brace for Super Thursday

Britain’s mortgage borrowers will be warned this week to brace themselves for higher interest rates on what City of London traders have dubbed “Super Thursday”.

Why RBI is worried about India’s financial sector

India’s economy—and its industries—are ever evolving. This is especially true for the financial sector, which is still in a nascent stage in many ways.