Topic: Economy (Global)

Supporters of independence for Scotland will launch on Friday what they say is the biggest grassroots campaign in Scottish history, a move that could result in the demise of a 305-year-old union with England and the breakup of Britain.

The Romney campaign is actively recruiting testimonials from workers who have had positive experiences with Bain Capital, the New York Times reports.

Australia will allow mining companies to use foreign workers to help address chronic labor shortages, with mining magnate Gina Rinehart's A$9.5 billion ($9.2 billion) Roy Hill iron ore project winning approval on Friday to bring in 1,715 workers.

Over the past one month, U.S. stocks have given up almost all their gains of the year, making valuations look very attractive, but one expert cautions against falling for these  "cheap" stocks.

European shares were called to open lower on Friday, ending another dismal week for equities, as investors learned that at least half of the euro zone’s member states are making contingency plans for a Greek exit from the single currency.

Gold tracked the euro lower on Friday en route to its weakest monthly performance since December, pushed down by fears the debt crisis in Europe could spiral out of control and trigger a global economic slowdown.

Some of Europe’s biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the eurozone and single currency turmoil, the Financial Times reports.

Japan's core consumer prices edged up in April from a year earlier due to higher energy prices, but the meager pace was a sign the fragile economy was still a long way from achieving the central bank's target of 1 percent inflation.

The framework for a Free Trade Agreement (FTA) between South Korea and China may be ready in two years, said the South Korean President Lee Myung-bak, adding that there was little opposition to the trade pact.

Chrysler CEO Sergio Marchionne, blunt in his assessment of how European leaders have handled their faltering economy, says Europeans need to stop complaining.

Investors have little choice now but to cling to low-yielding U.S. government debt as European leaders ponder a messy Greek exit from the euro zone, Pimco's Bill Gross told CNBC.

Italy's Mario Monti said he believed Greece would remain in the euro zone but it was impossible to say with certainty. So, just in case, euro leaders agreed to have a "Grexit" plan in place.

China stocks are set for more rangebound trading on Friday, as investors continued to grapple with global and domestic economic uncertainties.

Four years of economic crisis and market turmoil that have sent German bund yields to record lows now have half of the top bond strategists and economists polled by Reuters fearing a Japan-style "Lost Decade".

Greece's four largest banks will get an 18 billion euro capital injection by Friday or Monday, the country's central bank chief said.