Market turmoil makes September rate hike 'less compelling': Fed's Dudley

NEW YORK (Reuters) - An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday.

Asia Currencies Decline as Chinese Data Compounds Growth Concern

Asian currencies extended the week’s loss as a gauge of Chinese manufacturing fell to a 15-month low, adding to concern that the region’s growth is slowing.

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.

Qatar's economy grows more than 6% in 2014

Doha (AFP) - Qatar's economy grew by more than six percent in 2014, official figures showed, driven by spending on huge construction projects ahead of the 2022 World Cup.

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.

IMF warns Russia's economy to suffer from falling oil prices

(Reuters) - The International Monetary Fund on Thursday welcomed Russia's move to float the rouble, but warned it would not be enough to cushion the country's oil-dependent economy from the impact of falling crude prices.

Kuroda sprang easing surprise to head off damaging inflation forecast

(Reuters) - The Bank of Japan Governor not only surprised the markets with his latest splurge of monetary easing.

Financial risks recede in 2014

For the first time in five years, the big risk for the global economy is not a collapse of the financial system, according to a report by the Eurasia Group released Monday.

European rate cut hopes shore up markets

LONDON (AP) — Growing hopes that the European Central Bank will cut interest rates next month shored up markets Tuesday despite more evidence that the Chinese economy is slowing down.

Inflation sticks at highest level since May 2012

The rate of inflation stayed at its highest level for almost a year in March, keeping up the squeeze on consumers.

Markets firm despite ongoing US budget concerns

LONDON (AP) — Stock markets rose on Tuesday as investors hoped U.S. leaders would eventually thrash out a budget deal needed to keep a slew of tax increases and spending cuts from hitting the world's largest economy.

ECB sees gloomy 2013, but holds rates

The European Central Bank slashed its growth and inflation forecasts for 2013, raising the prospect of a further easing in monetary policy next year, after it kept interest rates on hold Thursday.

Economy boosted by narrowing trade deficit

The U.S. economy, which has been picking up steam recently, got another boost from the latest trade numbers.