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
ATHENS, Oct 7- Greece will emerge from six years of recession next year, its draft 2014 budget projected on Monday, in one of the strongest signs yet that the country has left the worst of its crippling debt crisis behind. Athens is also targeting a primary budget surplus of 1.6 percent of national output next year and is on track to post a small surplus this year.
LONDON, Oct 4- New car sales in Britain soared to their highest level in more than five years last month, lifted by a brighter outlook for the economy, attractive financing deals and demand for new fuel-efficient models. That is the highest monthly level since March 2008, just before Britain plunged into its deepest recession in generations.
CNBC's Steve Liesman breaks down what we know about hitting the debt ceiling, and the possible economic impact.
TORONTO, Oct 1- The Bank of Canada cut its third-quarter economic growth forecast sharply on Tuesday and said the crucial export sector might pick up speed more slowly than it expected. The bank's July projections overestimated the second-quarter impact of severe flooding in Alberta and a construction strike in Quebec, both in June, on growth.
MANCHESTER, England, Sept 30- British finance minister George Osborne said the ruling Conservative party would aim to increase investment spending by at least the same pace as economic growth if it won the next election in 2015..
ROME, Sept 29- Italy's economy minister played down the risk that financial markets will punish Italy when they open on Monday, after Silvio Berlusconi pulled his ministers out of the cabinet and provoked a crisis that has increased the risk of early elections.
*Italy cuts 2013 GDP forecast to -1.7 pct. ROME, Sept 20- Italy cut its forecasts for the economy on Friday and pledged to correct a budget deficit that is set to overshoot EU limits as coalition in-fighting threatens the government's ability to make reforms needed to spur growth.
CNBC's Rick Santelli and Charles Biderman, TrimTabs Investment Research founder & chairman, discusses where money is flowing, the future of interest rates, and job creation.
PARIS, Sept 9- France should post economic growth of 0.2 percent in the third quarter, the Bank of France said on Monday, revising its forecast up slightly from a first estimate of 0.1 percent.
WASHINGTON/ NEW YORK, Sept 5- Solid U.S. jobs and service sector data on Thursday bolstered views the Federal Reserve could start slowing its bond-buying program as soon as this month, but plunging orders for factory goods highlighted uncertainty around the economic outlook.
PORTLAND, Ore/ LA CROSSE, WI, Sept 4- One top Federal Reserve official said on Wednesday he was open-minded about reducing stimulus this month, as investors largely expect the central bank to do, while another policymaker said the U.S. central bank should actually do more for the economy.
*Bank of Canada holds key rate at 1 pct, as expected. OTTAWA, Sept 4- The Bank of Canada held its benchmark interest rate steady at 1 percent on Wednesday, as forecast, and said exports and business investment were taking longer than expected to replace household spending as the key driver of economic growth.
Europe shares pegged back by Syria concerns. LONDON, Sept 4- The risk of military action on Syria and imminent central bank policy decisions kept the dollar near a six-week high on Wednesday and checked any gains in shares and oil from upbeat data on the global economy.
*New orders drive rise in UK services PMI in August. *UK composite PMI rises above 60 for first time. LONDON, Sept 4- A rush of new business last month drove the fastest growth in Britain's services sector for more than six years, according to another survey that challenges the Bank of England's cautious outlook for the economy.
WASHINGTON, Aug 29- The U.S. economy accelerated sharply in the second quarter thanks to a surge in exports, bolstering the case for the Federal Reserve to wind down a major economic stimulus program. U.S. gross domestic product grew at a 2.5 percent annual rate in the April-June period, according to revised estimates released by the Commerce Department.
*SG only sees 26 deep-value stocks versus 145 in May 2012. The STOXX Europe 600 has surged 30 percent since May 2012, while the euro zone blue-chip index has jumped 38 percent over the same period. "Easy picking has disappeared," Societe Generale global quantitative strategist Andrew Lapthorne said. "
Kittiratt Na-Ranong, Deputy Prime Minister & Finance Minister of Thailand, disagrees that the country's economy is in a technical recession and talks down the threat of capital outflows.
CNBC's Steve Liesman talks with Charles Bean, Bank of England deputy governor, about whether quantitative easing works; the usefulness of forward guidance, and why QE is impacting global currencies.
A housing crash, rising unemployment and weak growth leaves the AAA-rated Netherlands teetering on the brink of a credit downgrade. But analysts said more is at risk than the country's perfect credit rating.
ORLANDO, Fla., Aug 22- The U.S. economy can withstand a reduction in the Federal Reserve's stimulative asset-purchase program, even though the easy-money policies have boosted U.S. manufacturers and other companies, a top central bank official said on Thursday.