Britain and Cameron in EU danger zone, say experts

London (AFP) - David Cameron's failure to prevent Jean-Claude Juncker from becoming the new European Commission president risks pushing Britain out of the EU unless he builds bridges to secure reforms before a 2017 referendum, experts say.

Consumer Sentiment in U.S. Rose in June From Month Earlier

Consumer sentiment improved in June as higher stock prices and an improving labor market helped bolster Americans' views of the economy.

U.S. cuts Swaziland from trade benefits, reinstates Madagascar

(Reuters) - The United States cut Swaziland from a duty-free trade program on Thursday because of concerns about crackdowns on peaceful demonstrations and poor protection of workers' rights.

Pound Looks to Financial Stability Report to Drive BOE Rate Hike Bets

The spotlight turns to the Bank of England once again in European trading hours as Governor Mark Carney presents the bi-annual Financial Stability Report (FSR).

Shinzo Abe launches 'third arrow' of Japanese economic reform

Japanese prime minister Shinzo Abe outlined his long-awaited growth strategy on Tuesday spearheaded by promises of expanded childcare to bring more women into the workforce and an investment boom.

South African miners agree wage deal to end strike

Union leaders have signed a wage deal with South Africa's biggest platinum mining companies, ending the nation's longest-running strike.

Euro zone has correct fiscal stance to cut debt, help growth: IMF

(Reuters) - The euro zone's fiscal stance strikes the right balance between reducing debt and bolstering demand, the International Monetary Fund said in a statement on Thursday.

Unemployment Rates Fell In 20 US States In May

WASHINGTON (AP) — Unemployment fell in 20 states last month and nearly three-quarters of the states added jobs, as the nation at large posted a fourth straight month of solid hiring.

German financial stability watchdog warns of impact of low rates

BERLIN (Reuters) - Germany's financial stability committee warned on Wednesday that low interest rates and funds owed by creditors in some heavily-indebted euro zone states posed risks to the German economy, but overall stability had improved in the last year.

British public sector borrowing rises higher than expected

Britain's public sector finances showed little sign of improvement in May, with economists saying the government appears to be struggling to meet its target for reducing the deficit.

Argentina shares fall on debt repayment doubts

Argentina's stock market fell 3% in early trading after the country's cabinet chief said there would be no delegation to the US to negotiate with bondholders over a $1.3bn (£766m) debt.

Ed Balls refuses any role in currency union with an independent Scotland

Ed Balls has hinted that if he were chancellor in a future Labour government he would resign if talks began on currency union with an independent Scotland.

ECB package may have given Hungary more room to ease: central bank deputy

(Reuters) - Hungary may have more room to ease monetary policy if the ECB's new measures hold down local risk premia and inflation further, Hungary's deputy central bank governor Adam Balog told Reuters on Monday.

With China as guest, G77 summit seeks new development commitments

Santa Cruz de la Sierra (Bolivia) (AFP) - Leaders of developing nations plus China meet Saturday to draft a global anti-poverty agenda at a summit that also showcases Latin America's burgeoning relationship with the Asian giant.

South Africa’s Credit Rating Cut to One Level Above Junk by S&P

South Africa’s credit rating was cut to one level above junk by Standard & Poor’s as the longest mining strike in the nation’s history threatens to drag the economy into recession, curbing government revenue.

Bank of Canada's enhanced financial stability framework shows system is robust, housing vulnerabilities remain

OTTAWA , June 12, 2014 /CNW/ - The Bank of Canada today unveiled an enhanced framework to gauge the evolving risks to financial stability in its semi-annual Financial System Review (FSR), finding that the Canadian financial system is robust but still faces significant vulnerabilities.

Bank of England hints at possible rate rise this year

The governor of the Bank of England, Mark Carney, has signalled that interest rates may rise this year.

Japan to cut corporate tax rate below 30 percent within a few years: source

(Reuters) - Japan plans to lower the corporate tax rate below 30 percent within a few years starting from the next fiscal year, a source told Reuters on Thursday, as part of premier Shinzo Abe's package of steps to boost Japan's growth potential.

U.S. small business, jobs data bolster growth picture

(Reuters) - The U.S. economy has decisively turned the corner with small business confidence hitting its highest level in more than 6-1/2 years in May and the number of jobs available rising to pre-recession levels in April.

Global private wealth rises to $152tn

The amount of private wealth held by households globally surged more than 14% to $152 trillion (£90tn) last year, boosted mainly by rising stock markets.

David Cameron opens business festival for 'nation of geniuses'

Britain is a "nation of geniuses" that can be turned into the "most creative country on Earth", David Cameron will say on Monday as he opens the International Festival for Business in Liverpool.

Central Banks Channel Piketty Inequality Concerns, Nowotny Says

Inequality is becoming a factor in monetary policy as central bankers increasingly realize it can cause financial instability they’ll have to fix, European Central Bank Governing Council member Ewald Nowotny said.

Economy needs to tighten up before rates can rise: Fed's Powell

(Reuters) - Federal Reserve Governor Jerome Powell said on Friday that he wanted to see signs that the U.S. economy was tightening up before before interest rates could be raised.

Business boost in Queen's Speech

The government has announced a series of measures in the Queen's Speech that it said were "unashamedly pro-work and pro-business".

ECB set for growth-boosting interest rate cut

Expectations are running high that the European Central Bank (ECB) will loosen its monetary policy at its meeting on Thursday.

Fed may shun global risk rules banks spent billions to meet

(Reuters) - The Federal Reserve may scrap international measures aimed at assessing bank health in favor of imposing its own rules, frustrating bankers who have spent billions of dollars retooling their books to meet global standards.

UK construction industry still booming despite dip in May

British construction grew at the slowest pace in seven months in May but economists said the outlook remained strong amid a boom in housebuilding.

Osborne to target foreign exchange manipulation in City clean-up

The chancellor is working with Whitehall officials and the international Financial Stability Board (FSB) on new regulations which will be imposed on the market.

ECB Says Search for Yield May Harm Financial Stability in Europe

The European Central Bank said that financial stability in the euro area is at risk as investors step up their search for higher returns and weak economic growth weighs on banks’ balance sheets.

Canada First-Quarter Growth Slows as Harsh Winter Bites

Canada’s economic growth slumped in the first quarter as a harsh winter in North America slowed housing construction, business spending and exports.