The Cabinet of Prime Minister Yoshihiko Noda is likely to approve an 880 billion yen ($10.7 billion) emergency plan Friday in order to boost struggling economy.
Swiss life, the largest life insurance company of Switzerland, is going to slash the valuation of its German advisory arm by 576 million Swiss francs ($618 million), which the company bought four years ago.
The prolonged recession in the U.K. forced an extra 1 million people into working fewer hours than they want, a study from the Office for National Statistics showed Wednesday.
The number of purchases of new homes in the world's biggest economy dropped unexpectedly in October, showing limited progress in the housing market recovery.
The average price change for all goods and services purchased by households in Germany fell in November, affected by the Eurozone's debt crisis, the state's statistics office in Dusseldorf said Wednesday.
A gauge, which measures corporate service prices in the world's biggest economy, fell more than expected in October, adding to concerns that the country will miss its 1% inflation level and the BoJ need to take more bold actions to boost economic growth.
An indicator of domestic consumption in Switzerland continued gaining momentum in October, recovering from the weak levels seen in the summer, a report from UBS showed on Tuesday.
The British economy expanded by 1% between July and September, as country's households increased their spending at the fastest pace in more than two years during the third quarter that included the Olympic Games.
Confidence among the U.S. consumers soared to the highest level since February 2008 this month, a sign U.S. household spending will keep gaining momentum.
Eurozone finance ministers and the International Monetary Fund have agreed to release €44 billion in critical loans to debt-laden Greece, as well as providing the country with additional debt relief in order to help the country stabilize its ailing economy.
The U.K. is likely to implement austerity measures for 8 years if the recent deterioration in growth prospects as well as tax receipts turns out to be permanent.
Bank of Japan's two new members Takehiro Sato and Takahide Kiuchi proposed a stronger commitment to monetary easing in order to spur the struggling economy.
The total number of people employed in Switzerland rose more than expected in the third quarter, a positive sign for the nation's economy.
U.S. retail sales are likely to gain 13% in in Thanksgiving weekend sales, as consumers over the country, especially younger people, added shopping to their Thanksgiving Day plans, while online traffic soared throughout the weekend.
Confidence among German consumers fell slightly going into December amid concerns over the Eurozone crisis and global growth.
Japanese carmakers, such as Toyota Motor and Honda Motor, see a recovery in sales in China, as anti-Japan tensions eased and companies see possibilities how to get a bigger market share in the world's second biggest economy's market.
Swiss national currency is likely to depreciate in case the sovereign debt crisis in the Eurozone will be closer to solution, the Swiss National Bank said on Friday.
The number mortgage approved by the British Banker's Association rose more than initially expected in the previous month, giving a positive sign for the British economy.
Retail sales in the world's biggest economy may be boosted in the last months of this year, as around 147 million people will stand in queues at the shopping frenzy known as Black Friday.
Despite the Eurozone recession, German business morale rose unexpectedly in November, after six straight month of decline, signaling the Europe's largest economy may gain momentum.
The number of orders at British factories improved slightly this month, pushed by the stronger demand for exports, however, still remains in the negative territory. According to the Confederation of British Industry, its index of factory orders, which describes the balance of the number of manufacturers, who reported a decrease in order books and those who record an increase, inched
The total number of people on welfare in the world's third biggest economy rose more than expected in August, a negative sign for the struggling nation's economy. The welfare ministry said that there were 6,342 more people on welfare, reaching a record high of 2.13 million people. At the same time, the number of households with one or more recipients
The Swiss National Bank will continue enforcing the cap it imposed on the nation's currency to stave off the recession and avoid the risk of deflation, the SNB Chairman Thomas Jordan said Thursday. However, the Swiss currency still remains highly valued, and represents a burden for the economy. The bank was defending its 1.2 cap, by selling francs against the
The U.S. stock markets were closed on Thursday due to the Thanksgiving Day holiday, while Friday's session is going to be abbreviated. Millions of people lined the streets of New York on Thursday in order to watch the 86th Thanksgiving Day Parade.