Recession

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• GLOBAL MARKETS- Euro, shares gain as German outlook brightens

  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.

• ANALYSIS-Canada's Carney may ruffle feathers at Bank of England

  *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.

• Irish PM: Bailout Conditions 'Unfair'

  

  The borrowing terms and conditions that were imposed on Ireland after it applied for financial aid were unfair according to Irish Prime Minister Enda Kenny, as the country didn't receive the same deal as Greece.

• Recession-Hit Euro Zone Has Turned a Corner: PMIs

  

  The euro zone economy took a step closer to recovery this month as the rate of decline in the bloc's private sector eased more than expected, a business survey showed on Thursday.

• IMF Cuts World Growth Forecast on Euro Crisis

  

  Global growth for 2013 will now be lower than previous estimates, according to the International Monetary Fund, as the sovereign debt crisis in Europe continues to pose a large downside risk to the economy.

• Spain Recession Deepened in Final Quarter

  

  Spain's economy shrank in the final months of 2012 at the fastest pace since its recession began, data showed on Wednesday, pummeled by falling domestic demand and with no return to growth on the horizon.

• POLL-Japan growth outlook revised up on stimulus package, weaker yen

  *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.

• Enjoy Your Stay: US Hotel Industry Is Booming

  

  The US hotel industry is booming, more so than anywhere else in the world, and many in the industry say they expect the good times to keep rolling for a few more years until supply catches up with demand.

• UK Financial Sector Job Losses to Top 132,000

  

  U.K. banks and other finance firms will shed another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter, according to a report by a business lobby group.

• CORRECTED-UPDATE 1-German cen. bank sees economy recovering soon

  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.

• UPDATE 1-German central bank sees economy recovering soon

  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.

• Development bank sees growth pick up in E.Europe and N.Africa

  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.

• Why the UK Jobs Number May Be Misleading

  

  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.

• Will the UK Pay for Two Days of Snow? 

  

  Squawk Box Europe anchors discuss whether it makes economic sense for Britain to be more prepared for snow.

• A Look Inside the Fed on Verge of the Financial Crisis

  

  The transcripts of FOMC minutes from 2007 have just been released. They show what was on the minds of central bankers as the U.S. marched toward the crisis.

• Sterling Takes 'Absolute Pasting' as Troubles Mount

  

  The U.K. pound has come under increasing pressure in the last few weeks as the outlook for growth in the country looks sluggish, but the currency could fall even more as the economy faces multiple problems.

• METALS-Copper steady as China, US data lifts demand outlook

  *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.

• GLOBAL MARKETS-Shares flat as financials offset growth concerns

  *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.

• After Eight Months, Home Builder Confidence Stalls

  

  Despite big earnings gains from the big public builders, overall confidence among the nation's home builders took a pause in January.

• POLL-Outlook for euro zone's economic strugglers worsens again

  *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.