European leaders agreed that the European Central Bank will be a new supervisor for eurozone banks starting from January 1, a step that will help the region's bailout fund to inject cash directly into struggling banks. The ECB will have the power to intervene in any of the region's 6,000 banks, while direct recapitalization of banks will help to solve
Japanese government plans to launch another round of quantitative easing by the end of November, by using discretionary budget funds, as Prime Minister's Yoshihiko Noda administration will be left without cash already in the next month.
Swiss trade surplus widened more than expected last month, as exports rose slightly, the Federal Statistical Office reported Thursday.
Strong demand for winter clothing and school uniforms pushed U.K. retail sales sharply up in September.
The number of people who applied for U.S. jobless benefits rose more than expected in the week ended October 13, posting the biggest jump in four months, the U.S. Department of Labor said Thursday.
Spain sold 4.6 billion euros of 2015, 2016 and 2022 bonds in an auction on Thursday, with nation's borrowing rates falling for the third consecutive day, amid growing expectations that the country will soon ask for international help.
Japanese government plans to introduce another round of quantitative easing by the end of next month in order to remedy signs of a slowdown in the recovery pace.
Economic sentiment in Switzerland improved more than initially expected in October, while still remains in negative territory, the Centre for European Economic Research reported Wednesday.
The number of unemployed people in the U.K. fell in the three months to August, as payrolls surged to the highest level since records began in 1971.
The number of housing starts in the world's biggest economy surged to the highest level since July 2008 in September, a sign property market is on the way to recovery.
The ratings agency Moody's left Spain's sovereign credit rating unchanged at its current level, which is only step above junk territory.
Japan's mobile operator Softbank Corp confirmed to buy a stake of around 70 per cent in Sprint Nextel Corp for $20.1 billion, making this deal the largest overseas acquisition by a Japanese company.
The Swiss National Bank now holds 60 per cent of its reserves in the single currency, 22 per cent in the U.S. Dollar and smaller holdings in the Japanese Yen and Sterling.
Consumer price inflation in the U.K. fell to its lowest level in almost three years last month, as electricity and gas prices rose.
Consumer prices in the world's biggest economy advanced for the second consecutive month in September, as the cost of gasoline surged, the Labor Department reported Tuesday.
Investor optimism in Germany improved in October, a sign Europe's biggest economy is continuing to gain momentum.
Japanese factory output tumbled more than expected in August, adding to evidence that the nation's economy is decelerating.
Producer price index in Switzerland advanced more than initially expected in September, the Swiss Federal Statistical Office reported on Monday.
The U.K. economy is expected to grow in the second half of 2012, boosted by the increase in consumer spending and a revival of high street sales, the Ernst and Young Item Club's latest report showed on Monday.
Retail sales in the world's biggest economy jumped surprisingly in September, a sign consumers are pushing economic growth, the U.S. Census Bureau said Monday.
The Portuguese government is going to present its budget for the next year, which is expected to include sharp tax increases and more cuts in public sector spending. Portugal should reduce country's fiscal deficit below 3% of GDP in order to meet targets under its 78-billion euro EU/IMF bailout.
Japanese government downgraded its growth forecast for the third consecutive month in October, amid deepening concerns that European debt crisis and China's slowdown intensified.
Almost all gold produced in the world was transited physically through Switzerland during the 2011, the data from the U.S. Geological Survey showed Friday.
Britain's £375 billion stimulus program has run out of steam and fresh measures to stimulate economic growth must be found, according to Financial Services Authority Chairman Adair Turner.