Income tax revenue could be lower than expected, finance watchdog says

Income tax revenues in the UK are likely to be lower than expected despite rising numbers of people in work, the official public finances watchdog has warned.

U.S. factory activity expands in July, pace slows: Markit

(Reuters) - The U.S. manufacturing sector expanded in July, but the pace of growth slipped from the previous month as growth in output, new orders and employment slowed, an industry report showed on Friday.

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.

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.

Fed's Stein: Financial Stability Considerations Should Influence Monetary Policy

WASHINGTON--Federal Reserve Governor Jeremy Stein on Friday said the central bank should raise interest rates when needed to prevent financial excesses from building in markets and argued the bond market may provide guidance to policy makers on when financial vulnerabilities exist.

Eurozone govts must do more to stimulate investment: ECB chief, Mario Draghi

European Central Bank chief Mario Draghi called on eurozone governments Monday to do more to encourage investment in order to boost competitiveness.

Will Financial Regulation Trash Global Economic Security?

Alexander Mirtchev, Contributor

Under the auspices of the Financial Stability Board, more than 30 recommendations have been set out as part of a massive and far-reaching G-20 financial regulatory reform package to ostensibly minimize risk in the financial system and maximize consumer protection.