Opinion: Here’s the real reason the Fed wants to raise rates

Federal Reserve policy makers are hoping, even praying, that no unexpected domestic development or international crisis intervenes to prevent them from taking the first baby step to normalize interest rates at the Sept.16-17 meeting.

Margin calls fuel China's dramatic stock market collapse

What goes up, can also come down, as the old adage and the modern-day investor warning go. And that is precisely what the tens of millions of people who hold shares in China have been discovering.

Osborne confirms Budget surplus law

The chancellor has announced that he will attempt to bind future governments to maintaining a budget surplus when the economy is growing.

Eurozone bank stress tests set for 2016: Report

Europe's banking supervisory board will carry out stress tests of big eurozone banks in 2016, according to an interview with the watchdog's president Daniele Nouy released on Sunday.

IMF: Fed shouldn't raise rates until 2016

The International Monetary Fund wants the Federal Reserve to wait until 2016 before it raises its interest rates off their historic lows.

Euro zone set to report solid growth, for a change

LONDON (Reuters) - With optimism building that the United States is already recovering smartly from another horrible start to the year, focus will shift this week to reports that may show the euro zone is finally shaking off half a decade of torpor.

Fed Crisis-Liquidity Function Reviewed for Potential Use by IMF

IMF member nations are discussing how to expand the lender’s mandate to include keeping markets liquid during a financial crisis, a role played by a group of major central banks led by the Federal Reserve in 2008.

French municipal borrowers collateral victims of Swiss franc surge

(Reuters) - French municipal borrowers are seeing the cost of billions of euros in Swiss franc-linked debt spiral dangerously higher, forcing the state to consider lending them a helping hand.

Republicans use 'death by a thousand cuts' strategy to deregulate Wall Street

For the second time in two weeks, House Republicans brought up a package of 11 bills designed to deregulate Wall Street and water down Dodd-Frank financial reforms. This time, they had the votes to pass it.

Juncker reveals giant EU investment plan

European Commission President Jean-Claude Juncker has given details of a €315bn (£250bn; $393bn) investment plan to kick-start Europe's economy.

G20's Carney says bank crisis reforms "substantially complete"

LONDON, Nov 14 (Reuters) - The job of fixing flaws that led to the 2007-09 financial crisis is largely done and the focus will now turn to spotting new risks and rebuilding trust among regulators, the Financial Stability Board said on Friday.

Where the Next Financial Crisis Will Come From

The next financial crisis won’t come from the banking sector. That’s the message implicit in the latest report on the global financial sector from the Financial Stability Board, the group that monitors what’s happening with the world’s money flow.

UK housing market is cooling, says BBA

Mortgage activity dropped in September compared with a year ago signalling a UK housing market that is "continuing to cool", banks have said.

Banks told not to expect seamless global rules

(Reuters) - New global rules making the financial system safer won't be seamless and could be revised soon to help economic growth, senior government and regulatory officials said on Thursday.

British economy grew by 0.7% in third quarter, says NIESR

Britain’s economic recovery lost steam in the third quarter with growth of 0.7%, according to the National Institute of Economic and Social Research.

Fed to publish new U.S. labor market index monthly starting October 6

(Reuters) - The Federal Reserve will begin publishing a new monthly index of U.S. labor market conditions on Monday, October 6, that draws on a range of data to give a better sense of the economy's health.

RBS shares jump as bank’s bad debts improve

Royal Bank of Scotland is erasing £800m of bad debt provisions because of a dramatic improvement in its Irish operations and other troublesome areas of its business.

UK to enjoy fastest growth since 2007: British Chambers of Commerce

(Reuters) - Britain's economy looks set to grow at its fastest rate since 2007 this year, but the rapid pace is unlikely to be sustained, the British Chambers of Commerce said on Wednesday after nudging up its growth forecasts for this year and next.

Euro zone business growth slows in July, prices fall: PMI

(Reuters) - Euro zone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday.

U.K. Would Prioritize Pound in Crises, ECB Tells Court

The Bank of England and other U.K. supervisors may prioritize sterling over the stability of the euro area during a crisis, a lawyer for the European Central Bank told a court today to justify its policy on clearinghouses.