LONDON, Aug 2- Now that U.S. The challenge is that the U.S. economy is generating very little inflation- not to mention disinflation coming from China and nearly no inflation in Europe- leaving many questioning whether the Fed even should be considering a rate rise. "The pace for growth remains extremely weak by past recovery standards, but with potential growth...» Read More
With unemployment at a 16-year high and one in five people living below the poverty line, the number of people using food banks in the U.K. has escalated during the recession. But it's not just the less well-off that are in need of help.
Economic activity in the euro area will remain weak in early 2013 before gradually recovering later in the year, European Central Bank (ECB) President Mario Draghi said on Thursday.
Mark Carney, the next governor of the Bank of England, said on Thursday any rethink of how British monetary policy is run should be made carefully but changes should be looked at over time.
Political uncertainty over a corruption scandal and revived concerns over the economic health of the euro zone forced the Spanish Treasury to pay more to borrow at a triple-bond auction on Thursday.
American companies aspire European region to boost its profit in 2013 after years of weakness.
Board members at Monte dei Paschi are expected to say that Italy's third largest bank may have lost up to 1 billion euros on trades, higher than the initial estimate.
Incoming Bank of England Governor Mark Carney is set to address policymakers at a U.K. parliamentary committee on Thursday with many expecting sterling to fall as he delivers his dovish policy outlook, but analysts have told CNBC that this could prove to be wrong and the currency could in fact move sharply higher.
Europe suffers the worst consumer confidence levels in the world, according to a survey by market research firm Nielsen which showed that Greek, Hungarian and Portuguese consumers topped the poll of pessimists.
Spanish regions are Prime Minister Mariano Rajoy's biggest headache: they're highly indebted and decentralized. RBS has found a sweet spot in Spain's strongest regions with returns of 14 percent over the past three months since the bank initiated the trade.
Iceland's central bank said it planned to support the crown currency after it temporarily suspended its regular purchases from market makers.
Record high unemployment mean the European Central Bank has scope to lower interest rates in order to weaken the spiraling euro, ING Senior Economist Carsten Brzeski said.
The euro zone's embattled economy has turned a corner, according to a business survey on Tuesday that showed businesses are more optimistic about the future but highlighted a growing chasm between the region's economies.
Angela Merkel told Spain's Mariano Rajoy she had full confidence in his government's ability to push through reforms, brushing aside a growing corruption scandal.
Commerzbank, Germany's No. 2 bank, posted a larger-than-expected quarterly loss after a cut in its medium-term profit forecasts had a damaging effect on its tax accounting.
Peripheral European economies are paving the way for an earlier return to growth than forecast thanks to fast-growing exports and falling labor costs, Standard & Poor's said in a new report on Monday.
Euro zone factory prices fell for the second month in a row in December, mirroring the trend in consumer inflation and leaving room for a possible European Central Bank interest rate cut to revive the weak economy.
Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.
French Finance Minister Pierre Moscovici on Sunday said the government believed it could reach its 2013 economic growth target of 0.8 percent.
Royal Bank of Scotland faces the prospect of scrapping all bonuses for its investment bankers this year to free up cash to pay fines for its involvement in a global interest rate rigging scandal.
Euro zone inflation fell to a two-year low as companies cut prices at a time of record joblessness, potentially giving the European Central Bank more scope to lower interest rates.