In the latest sign the recession-hit euro region is turning a corner, Germany's Ifo think tank said its business climate index, based on a monthly survey of some 7,000 firms, rose in January to its highest level since June 2012.
*Bank of England challenges will be different. OTTAWA, Jan 25- Mark Carney, the next head of the Bank of England, has shaken up the stuffy culture at the Bank of Canada with his unconventional approach. The big question is will he be able to do the same at an even more hierarchical institution- the Bank of England.
*Japan's shallow recession seen over. TOKYO, Jan 23- Analysts raised growth forecasts for Japan for the next fiscal year ending in March 2014 as the new government's stimulus spending, expectations of further monetary policy easing and the yen's retreat will help the economy, a Reuters poll showed.
FRANKFURT, Jan 21- Germany's economic slump should be short-lived, the Bundesbank said on Monday, adding that the euro zone's largest economy could have already bottomed out.
FRANKFURT, Jan 21- Germany's economic slump should be short-lived, the Bundesbank said on Monday, adding that the euro zone's largest economy could have already bottomed out.
LONDON, Jan 21- Economic growth in emerging Europe and North Africa will pick up to 3.1 percent this year, benefiting from an easing of the euro debt crisis, development bank EBRD said on Monday. Excluding its new member states in North Africa plus Jordan, the EBRD expects 3 percent growth.
Gloomy economic indicators have plagued the U.K. and put the government's austerity plan at risk. The country's triple-A rating remains on the brink, with ratings agencies Standard and Poor's and Fitch both having negative outlooks on its sovereign debt. But analysts say the real picture for the U.K. economy could be even worse.
*Japan, China copper smelters secure more than 10 pct fee rise. SINGAPORE, Jan 18- London copper was steady on Friday, on track to close the week little changed as improving economic landscapes in China and the United States bolstered the demand outlook, but concerns over the U.S. debt ceiling loomed over prices.
*MSCI world share index dips 0.3 pct, European shares edge up. Treasuries rose after the World Bank sharply cut its outlook for world growth this year to 2.4 percent from 3 percent, citing a slow recovery in developed nations.
*Growth outlook for Greece, Portugal, Ireland cut. LONDON, Jan 16- Spain, Greece and Portugal face a tougher 2013 than previously thought, while the outlook for growth in Ireland, the only bright spot among the euro zone's most vulnerable economies, was cut for the first time in nearly a year.