Chinese yuan: everything depends on what happens next

China’s weakening of the yuan by 1.9% is an event that, in a year’s time, will be seen either as an irrelevance or a major turning point for the global economy.

Canada Posts 2nd-Largest Trade Deficit Ever as Exports Slide

Canada’s merchandise trade deficit widened to the second-largest on record in May, more evidence that weakness that started with an oil shock has extended beyond the first quarter.

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.

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.

IMF admits: we failed to realise the damage austerity would do to Greece

The International Monetary Fund admitted it had failed to realise the damage austerity would do to Greece as the Washington-based organisation catalogued mistakes made during the bailout of the stricken eurozone country.

House Republicans Intensify Attacks on Federal Reserve

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

Swiss Say ‘No’ to Measure Forcing SNB to Acquire More Gold

Swiss voters rejected a referendum requiring their central bank to hold a portion of its assets in gold, a measure its President Thomas Jordan termed an "invitation to speculators" that could have hamstrung the economy.

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.

Pace of UK economic growth expected to halve as service sector slows

The pace of Britain’s recovery is expected to almost halve by the end of the year after a survey showed the services sector expanded at the slowest pace in almost 18 months in October.

ECB List of Failing Banks Shrinks If You Read Small Print

Most of the lenders that failed the European Central Bank’s balance-sheet test have been let off for good behavior.

BoJ has many policy easing options if needed: Kuroda

(Reuters) - The Bank of Japan has many tools available if it were to ease monetary policy further, Governor Haruhiko Kuroda said, adding that the Japanese government bond (JGB) market is a "huge" one among various financial assets the central bank can tap.

Wall Street sees holes in Fed's new policy-tightening plan

(Reuters) - No sooner did the Federal Reserve reveal its plan for eventually tightening U.S. monetary policy than many on Wall Street flagged problems with the mechanics of the strategy, and said more adjustments would have to come.

Scottish independence: pound could drop 10% in value

Scottish independence is expected to knock up to 10% off the value of sterling, taking it back to levels last seen when Britain was in recession.

German industry orders weather Ukraine crisis in July rebound

BERLIN, Sept 4 (Reuters) - German industrial orders rose at their strongest rate in more than a year in July, raising hopes that Europe's biggest economy may yet weather the crisis in Ukraine and bounce back after a tricky second quarter.

UK recovery stronger than thought, official data shows

The Office for National Statistics has revised up its estimates for UK Gross Domestic Product during and after the recession.

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.

Cyprus economic outlook rises to around 2010 levels

(Reuters) - Economic sentiment in Cyprus improved significantly in May, a publicly funded survey showed on Wednesday, reaching 2010 levels after hitting a trough due to its international bailout last year.

Consumer Confidence in U.S. Unexpectedly Declined in May

Consumer confidence unexpectedly fell in May from a nine-month high, showing Americans are being shaken by rising grocery bills and elevated fuel costs.

Italy's modest labor reform shows Renzi's momentum faltering

(Reuters) - Italy's chamber of deputies approved modest labor reforms on Thursday after a difficult passage through parliament, underlining the challenges facing Prime Minister Matteo Renzi in his pledge to overhaul the economy.

Latin America's growth prospects fizzle on local concerns

(Reuters) - The next two years look more challenging for Latin American economies than previously thought, with prospects for slower growth and higher inflation defying recent market optimism about emerging markets.