NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.» Read More
FRANKFURT/ PARIS, Nov 22- The European Central Bank's chief economist said on Friday the euro zone faces deflationary pressures, and the bank's president stressed that interest rates must remain low "because the economy is weak".
ATHENS, Nov 21- Greece more than doubled its forecast for a budget surplus before interest payments this year, hinting at light at the end of the tunnel for its battered economy and boosting its chances of securing more leeway on its debts to the EU and IMF.
A U.S. debt default would create large confusion and uncertainty in financial markets, the OECD has said in a new report.
*U.S. economy seen growing 2.9 percent next year. PARIS, Nov 19- Slowing emerging markets are dragging on the world's economic recovery and advanced countries are struggling to pick up the slack after years of debt crises, the OECD said on Tuesday, trimming its global growth forecasts.
ATHENS, Nov 19- Greek tourism revenues are expected to rise 13 percent to a record 13 billion euros in 2014, the main industry body told Reuters on Tuesday, boosting chances the crisis-hit country will emerge from a deep recession next year.
EDMONTON, Nov 12- Canada's Conservative government expects to easily meet its goal of eliminating its budget deficit by 2015, just ahead of an election, and has increased its estimate of that year's surplus even as it warns of an uncertain global economic outlook.
*Italy, France concerned about risk to exports. BRUSSELS, Nov 5- The euro will appreciate at a record pace this year and continue to gain in value in 2014, the European Commission predicted, a spiral that could hamper the currency bloc's export-driven recovery.
The wealthiest and most privileged in the U.S. should be paying more taxes, according to Bill Gross, co-founder of Pimco.
LONDON, Oct 30- A buoyant economy will prompt the Bank of England to bring forward the time it thinks unemployment will fall to the 7 percent threshold where it says it will discuss changing monetary policy, a Reuters poll found. "They'll bring it forward from end-2016 to early 2016- the economy is stronger," said Michael Saunders at Citi.
Kevin Adams, head of institutional fixed income at Henderson Global Investors, says growth in Spain in being led by exports despite "internal deflation" working but that it's not enough to create jobs.
*Omits rate-hike mention for first time since April 2012. OTTAWA, Oct 23- The Bank of Canada abandoned on Wednesday 18 months of warnings that interest rates will one day have to rise in a sharp policy shift that highlighted weaker-than-expected growth and inflation and pushed the prospect of higher rates further into the future.
BOSTON, Oct 18- A top Federal Reserve official said on Friday he expects the U.S. central bank to return to using only bread-and-butter policy tools once it finally raises interest rates, leaving behind the extraordinary measures that it has come to rely on in the aftermath of the Great Recession.
OTTAWA, Oct 16- Canada's Conservative government on Wednesday promised to introduce legislation that will require balanced budgets except during economic crises, and renewed a pledge to balance its books by 2015..
One of three American economists who won the 2013 economics Nobel Prize on Monday expressed alarm at the rapid rise in global housing prices.
WASHINGTON/ STOCKHOLM, Oct 14- One of three American economists who won the 2013 economics Nobel prize on Monday for research into market prices and asset bubbles expressed alarm at the rapid rise in global housing prices. Robert Shiller, who shared the 8 million Swedish crown prize with fellow laureates Eugene Fama and Lars Peter Hansen, said the U.S.
A new study concludes that the fiscal uncertainty created by our crisis government costs the U.S. a full point of GDP and about 900,000 jobs.
Steve Tananbaum, Goldentree, joins CNBC's David Faber to discuss the government shutdown. He believes both parties will figure it out and avoid deficit.
*Germany's DAX to set another record high. LONDON, Oct 9- European shares are poised to add 4 percent to this year's strong rally, with Germany's top index on course for another record high as the economic outlook improves, a Reuters poll showed.
Norman Loayza, World Development report director and lead author, talks how risk management, when "responsible and effective", can open opportunities.
ATHENS, Oct 7- Greece will emerge from six years of recession next year, a draft budget forecast on Monday, signalling the country is past the worst of a crippling debt crisis that nearly broke Europe's single currency.