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.

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.

U.S. job openings hit record high; small businesses upbeat

U.S. job openings surged to a record high in April and small business confidence perked up in May, suggesting the economy was regaining speed after stumbling at the start of the year.

Asia economic growth to languish as China slows: poll

(Reuters) - Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed.

Jobless claims, factory data put some shine on economy

(Reuters) - New claims for jobless benefits hovered near their pre-recession levels last week and manufacturing in the Mid-Atlantic region accelerated in April, suggesting an upswing in economic activity after a brutally cold winter.

U.K. Industry Production Stagnates as Construction Falls

U.K. industrial and manufacturing production unexpectedly stagnated in November and construction fell the most in more than a year, indicating the economy may have struggled to build momentum in the fourth quarter.

Top Fed officials zero in on next policy steps

(Reuters) - The U.S. Federal Reserve, having just reduced its bond-buying program, now appears deep in debate over the best way to unwind its extraordinary stimulus in the months and years ahead.

Federal Reserve can have some flexibility with inflation goal: Charles Evans

OSLO: The U.S Federal Reserve can be flexible with its inflation objective and there is a risk it would overshoot its goal, but this is not an issue as long as price growth remains below three percent, a top Fed official said on Friday.

World stocks higher on China recovery optimism

BANGKOK (AP) — World stock markets rose Monday on optimism that China's economic recovery is firmly taking root.

Fitch issues warning against China's growth model

BEIJING: Global ratings agency Fitch has warned that China's "investment-driven growth model" faces increasingly serious constraints due to heavy debt financing by local governments.