The International Monetary Fund has revised up its growth forecast for the U.K., even in the face of sharp cuts to the rest of the world.
Federal Reserve Chairman Ben Bernanke said Wednesday the central bank will likely maintain accommodation for the foreseeable future, even as about half of 19 policy makers insisted on halting $85 billion bond purchases by the year end, while others wanted to see a stable improvement in the labour market before any policy retreat.
Sales at Swiss retailers fell sharply in May, indicating uncertainty among consumers and suggesting they are now less confident about economic future and are showing unwillingness to increase spending, the Federal Statistics Office said Tuesday.
Japan's tertiary industry activity index rose more-than-expected in May, advancing a seasonally adjusted 1.2% to 100.8 compared to a month earlier, the Ministry of Economy, Trade and Industry announced Wednesday.
Britain's manufacturing production unexpectedly shrank in May, due to a drop in output of pharmaceuticals and metals, raising doubts about the health of recovery and its sustainability to gain pace in the upcoming months.
The number of opened positions waiting to be filled rose more than initially was expected in May, as companies are now more optimistic about the demand, since the effects of sequester will wane.
European finance ministers have approved Latvian accession in the Eurozone on Tuesday, suggesting it will become the 18th member on January 2014.
The unemployment rate in Switzerland remained unchanged last month, holding at the highest level since 2010, raising concerns that the economy is facing major challenges from the neighbouring Eurozone, which is currently in its longest recession since the creation of the single currency.
The world's third largest economy logged the a current account surplus for a fourth month in a row in May, as the depreciation in Yen caused a sharp gain in import costs, offsetting positive movements in exports, supporting Prime Minister Shinzo Abe's stimulus measures.
The U.K. is going to adopt a raft of proposals aimed at raising standards at the banking sector following a string of scandals, as the Chancellor George Osborne is looking to avoid future scandals stemming from reckless behaviour of the nation's bankers.
A fiscal policy adopted by the U.S. Congress that automatically will reduce the federal budget across most departments and agencies, also known as a "sequester", are expected to have a big impact on the U.S. long-term unemployment, as jobless people will have their federal jobless benefits shrink by almost 15%.
The international creditors will offer a helping hand for struggling Greece once again, as the nation's government reached a deal with troika over a staff-reduction plan, which is a key aspect of the country securing funding.
Consumer price pressure in Switzerland rose in June on a monthly basis and fell less than expected on annual basis, due to higher oil, fruit and vegetable prices.
A leading indicator of business conditions in the world's third largest economy soared to a six-year high in May, cementing Abenomics effectiveness, the Cabinet Office said Friday.
Britain is likely to face isolation from the rest of the Europe in case it will leave the European Union, the head of the Confederation of Business Industry has warned.
The U.S. companies increased hiring in June, wages edged higher, while the overall jobless rate held close to a four-year low, as the economy weathered the effect of federal budget cuts and tax hikes, keeping the Federal Reserve on track for tapering the quantitative easing programme in September.
Factory orders in Europe's powerhouse Germany declined for a second consecutive month in May, amid growing uncertainty over the economic recovery in Germany, as the Eurozone is struggling to emerge from its longest-ever recession. Data from the Economy Ministry in Berlin showed that orders, adjusted for seasonal swings and inflationary pressure, tumbled 1.3% from April, when they inched lower 2.2%.
Central banks across the world decided to refrain from more stimulus measures, as the global outlook is improving and the world economy is expected to pick up soon.
The number of building approvals in Australia fell from a month earlier in May, the latest sign that deep rate cuts have yet to spur a sustained recovery in the property market.
The Bank of Japan's aggressive stimulus programme is considered as successful, as the economy is on the track to a steady recovery, with signs of inflation expectations also picking up, the BoJ's Governor Haruhiko Kuroda said during the quarterly report.
During his first monetary policy meeting as a Governor of the Bank of England, Mark Carney signalled that the central bank will keep borrowing costs at a record low for longer than previously was thought, giving more insight into the future policy.
Complaints from smalls companies across the U.S. influenced the President Barack Obama and his administration to delay a requirement that all businesses with staff more than 50 workers to provide health insurance to all employees who are working more than 30 hours per week.
The European Central Bank's President Mario Draghi expects to keep monetary policy on hold for an extended period of time, as he is trying to restrain market borrowing costs and boost growth in the 17-nation economy.
Australian trade and domestic consumption improved in May, pointing at the improvement both locally and globally.