The European Commission, European Central Bank and International Monetary Fund, also known as Troika, is no longer needed and should be abolished, EU Justice Commissioner Viviane Reding said Wednesday.
Sales of Canada factory's products surged in May, supported by gains in chemicals and metals, while inventories dropped from a record high, government figures showed Tuesday.
Consumer price pressure in New Zealand increased less than analysts expected last quarter, due to a drop in import prices, adding to signs that a period of record-low borrowing costs will be prolonged for at least the rest of this year.
Britain's consumer prices inched higher last month, reaching 14-month high, boosted by an increase in airfares and food costs, which offset a gain in fuel prices.
The cost of living in the world's largest economy rose last month, at the fastest pace in four month, while confidence among American homebuilder jumped to the highest level since January 2006.
The broadly anticipated indicator of economic mood in Europe's largest economy disappointed market participants on Wednesday, stirring further concerns surrounding the Eurozone, which is struggling to grow.
Producer and imports prices in Switzerland rose less than expected in June from a month earlier, reflecting that manufacturers are more worried about future economic performance of the country, and raising concerns over weak growth in the second quarter.
The world's third largest economy appears to have developed a fondness for its Prime Minister Shinzo Abe, as more people supporting his recovery plan and is feeling confident about the economic outlook.
Britain's home sellers increased asking prices for a seventh consecutive month in July, pushing them to a record high, cementing expectations the housing market is experiencing strong recovery.
The U.S. shoppers spent less than expected last month, holding off on spending at restaurants and stores, as increased gas prices weighed on their pockets, the Commerce Department said Monday.
Greece government agreed with its Eurozone and International Monetary Fund backers to sell two nation's banks- Postbank and Proton Bank by July 15, as a part of the deal to secure more funds from the 240-billion euro rescue package, which keeps Greece afloat.
A positive data from Australian housing market was published on Friday, a sign that record-low borrowing costs are working to stimulate the property market.
A slump in Britain's construction sector has ended, positively influencing weak output figures for the country.
Mood among consumers in the world's largest economy cooled unexpectedly in July, as Americans became more pessimistic about the outlook for the economy.
The industrial production in the 17-nation bloc that has the Euro in circulation, shrank more than expected in May, indicating the longest post-war economic contraction and suggesting the economy will register the seventh consecutive quarter of shrinking GDP.
A bunch of important economic events from Europe came during the last week, including another tranche for Greece, joining of one more European country to the Eurozone, while the credit rating of Europe's third largest economy was revised down.
Japan's industrial production rose as much as 1.9% in May from the previous month, compared to the 2% growth estimated initially, the final data from the Ministry of Economy, Trade and Industry revealed Friday.
Clouds are massing on Australian economy as data showed unemployment rate soared to the highest in almost 4 years, underscoring the challenge for the newly-appointed Prime Minister Kevin Rudd, as his re-election pitch was centred on economic management.
Even despite solid gains in house prices, they are not expected to return to their pre-crash peak until 2021, as the inflation remains stubbornly high, accountants PricewaterhouseCoopers has warned.
The number of Americans filing for the unemployment benefits surprisingly rose more than analysts expected, reaching a two-month high, even despite usual swings in jobless application in July.
The European Central Bank assured market participants in its readiness to act and pledged to raise interest rates if needed to curb inflation.
The Bank of Japan kept its monetary policy unchanged and revised up its economic assessment, saying that the economic recovery is underway, due to the positive effect of a weakening Yen and its aggressive monetary stimulus on activity.
Consumer prices in the Europe's powerhouse, Germany, climbed further in June, hitting the highest since December 2012, the Federal Statistical Office said on Wednesday.
A gauge of confidence among Australian consumers held steady this month, as people are now more optimistic on the economic outlook, even despite fears about their personal finances.