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.

China Cuts Interest Rates to Boost Flagging Economy

China’s central bank has cut interest rates, for the first time in more than two years.

Business lobby groups hail brighter UK economy

The UK economy is in good health, suggest two major business lobby groups, the CBI and the British Chambers of Commerce (BCC).

Ahead of ECB, evidence mounts of weak recovery

LONDON: A day before the European Central Bank meets to decide whether to cut interest rates, further evidence emerged Wednesday to indicate the economic recovery in Europe is muted.

Bank of Japan's Yoshihisa Morimoto warns emerging markets may see more outflows

MORIOKA, JAPAN: The global economy could be hurt if the withdrawal of funds from emerging markets picks up ahead of an expected reduction in the U.S. Federal Reserve's monetary stimulus, a Bank of Japan board member said on Thursday.

China’s Export Growth Slows Amid Concern of Slowdown

HONG KONG — Chinese exports showed only modest growth in May, rising just 1 percent from a year earlier, officials said Saturday, an increase that was much lower than analysts’ expectations.

Surprise UK retail sales drop fuels triple-dip recession fears

Cuts in consumer purchasing power and a bout of arctic weather combined in January to cut high street spending for a fourth month, fanning fears that Britain is teetering on the brink of an unprecedented triple dip recession.

US consumer spending rose 0.5 per cent in August

WASHINGTON: Americans boosted their spending in August even though their income barely grew. Much of the spending increase went to pay higher gas prices, which may have forced consumers to cut back elsewhere.

China’s Growth Rate Slowed in the 2nd Quarter

BEIJING — China’s growth slowed in the second quarter, adding to the worries about the ability of the world’s second-largest economy to offset low growth elsewhere.