NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...» Read More
Germany's Bundesbank cut its growth outlook for Germany, as it sees exports rising slower than imports, but added that the country could see strong growth in the second quarter of this year.
Eastern European frontier markets like Romania offer the best value around, according to industry stalwart Mark Mobius.
The latest unemployment report from the government, issued on Tuesday, was held up by Mr. Rajoy as a sign that maybe, just maybe, the economy is getting better. The New York Times reports.
Greeks reacted with outrage at the International Monetary Fund's admission it erred in its handling of the country's bailout, berating it as too little too late.
France's unemployment rate rose to 10.8 percent in the first quarter of 2013, casting fresh doubt on President Francois Hollande's goal of reversing the rising jobless trend by year-end.
Despite cooling of talks between Austria and Poland about a possible merger of their two stock exchanges, CEO of the Warsaw index has given his strongest hint yet that a deal is drawing closer.
Latvia is due to get the green light to become the 18th member of the euro zone on Wednesday, prompting questions over why the small, economically successful Baltic nation wants to join the troubled currency union.
Europe's economic woes eased slightly last month, but a chronic shortage of new orders means an economic recovery in the euro zone still looks some way off.
European firms face a "mass employee exodus" over the next three years as the economy in the euro zone recovers and workers search for better opportunities, new research has found.
Punitive tax regimes, increased labor market regulation and a growing lack of trust in governments are causing many Europeans to enter into the murky, illicit world of shadow economies.
The European Central Bank is backing away from any "big bazooka" style intervention to revive lending within the euro zone, delivering a blow to some market hopes. The Financial Times reports.
Global manufacturers struggled in May as demand fell, suggesting a world economy that still needs a steady diet of support.
President Francois Hollande's government aims to save up to 2 billion euros annually from 2016 under a proposed reform of France's generous system of family benefits.
Another crucial meeting for the ECB is due Thursday with analysts across Europe looking ahead to three different policy changes that Mario Draghi could announce.
The euro zone economy is on track for a recovery later this year driven by the European Central Bank's loose monetary policy, the bank's President Mario Draghi said.
Greece's economy is showing the first signs of a recovery, reducing the odds of it exiting the euro zone, according to a new report from analysts at Berenberg Bank.
Italy's overall jobless rate and youth unemployment edged up in April to the highest levels on record, data showed on Friday.
As the Bank of England prepares for the tenure of new governor Mark Carney, one industry lobbyist has warned that another debasement for sterling will lead to dangerous inflation.
The new head of the Vatican bank will need plenty of prayer and strength to rescue its scandal-torn reputation.
The U.K. could post better-than-expected GDP numbers over the next three years, thanks to a strong service sector, the British Chambers of Commerce said Friday.