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.

Greek debt talks haunted by ghost of Argentina

Buenos Aires (AFP) - With Greece in danger of tumbling into the economic abyss it faces the haunting memory of Argentina in 2001, when the South American country defaulted on nearly $100 billion and was plunged into a crisis it is still battling back from.

UK wages rising at fastest rate since October 2007, thinktank says

Employment figures for April due later this week are expected to show the biggest rise in real wages growth for nearly eight years, according to new analysis.

Kuroda Faces Opposition Even After BOJ Extended Price Target

Even the Bank of Japan’s recently extended timeframe for achieving its inflation target may be too optimistic, according to some members of the BOJ’s policy board.

GDP and BOJ: All eyes on Japan this week

A flurry of economic data, alongside a central bank decision in Japan, will likely hog the spotlight in Asia this week.

Bank of England holds interest rates at record low

The Bank of England has left interest rates on hold at their record low, as widely expected, and financial markets are now looking to Governor Mark Carney’s appearance on Wednesday for more clues on when borrowing costs will rise.

More central banks meet, but ability to pilot economies in doubt

LONDON (Reuters) - Most central banks have been easing policy since the start of the year and are set to do more, but it still isn't clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much.

Dollar's surge could delay Fed decision to raise rates

The interest rate on an American home mortgage later this year could depend a lot on how many euros, yen, pesos and rupees a dollar will fetch.

Jobless Claims Drop to Lowest Level Since January

WASHINGTON — The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, suggesting the labor market is expanding at a solid clip even as economic growth has stalled.

House Republicans Intensify Attacks on Federal Reserve

WASHINGTON — The relationship between Congress and the Federal Reserve took a turn for the worse on Wednesday.

Dollar Gains for Fifth Month as U.S. Economy Diverges From World

The dollar advanced for a fifth consecutive month as the U.S. moves closer to its first interest-rate increase since 2006, while policy makers from Japan, the euro-area and China pledge further stimulus to support growth.

German unemployment rate falls to a record low

Germany's unemployment rate has hit a record low, but slower inflation has raised concerns over deflation.

Countdown to missed opportunity for EU economy

(Reuters) - The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy.

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.

Interest rates may be held until late 2015 as inflation likely to fall below 1%

The Bank of England has signalled that interest rates could remain on hold until next autumn as inflation is likely to fall below 1% in early 2015.

UK employers call for government action to boost earnings

(Reuters) - Britain should allow workers to earn more before they start to pay "National Insurance" social security contributions and provide more childcare to boost living standards, one of country's leading employers' groups said on Monday.

Australia monetary policy setting set to support demand growth: RBA

(Reuters) - Australia's monetary policy setting is currently configured to support growth in demand, a senior Reserve Bank of Australia (RBA) official said on Monday.

UK inflation falls to five-year low of 1.2%

Inflation has slumped to its lowest rate for five years, hitting 1.2% in September and taking pressure off the Bank of England to raise interest rates in coming months.

Draghi’s ‘Whatever It Takes’ Plan Faces Trial at EU Court

European Central Bank President Mario Draghi’s pledge to do “whatever it takes” with a bond-buying plan to save the euro-area goes on trial before the European Union’s top judges today.

Russian Inflation Rate Surges to Highest in Three Years

Russian inflation accelerated to the fastest pace in three years, putting pressure on the central bank to raise interest rates even as economic growth shrivels.