Recovery takes a breather

2011-05-22T12:30:07Z

WASHINGTON (Reuters) - It was fun while it lasted.

After several strong quarters, the global economic recovery appears to be sputtering. In particular, the industrial sector, a key driver of the bounce-back from a historic worldwide recession, looks to be fraying.

"People need to seriously consider the scenario where global industrial growth, once again, starts to throttle back -- beca...

What can governments learn from the subprime credit-crunch banking crisis?

2010-11-29T15:37:19Z

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Will the global recession cause a new world order?

2010-11-04T14:32:56Z

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Will the Economy actually be hit by a Double-Dip

2010-11-03T00:02:01Z

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Leaders differ on how to nurture a global recovery

2010-06-25T01:00:18Z

World leaders agree to disagree on best economic strategy to focus on other issues at summit

World leaders, facing serious differences over the best way to nurture a fragile global recovery, are agreeing to disagree in a variety of key areas.

Even before the economic talks were to begin over lunch Friday, the leaders engaged in a series of dueling letters and interviews that exposed their conflicts.

The three days of talks were starting at a lakeside r...

Obama hopes for firm recovery blueprint at Canada summits

2010-08-25T13:50:34Z

US President Barack Obama hopes to return from the Group of Eight and Group of 20 meetings in Canada with new evidence that key powers will fulfill pledges to heal the global economy.

At the G8 "rich nations club" Friday and Saturday in the Muskoka vacation area, ...

Oil prices sink after IEA report

2010-06-12T10:53:50Z

Oil prices tumbled under 59 dollars on Friday on renewed demand concerns, as the IEA said signs of a strong rally in global economic growth and oil demand were fading.

The International Energy Agency however added in its latest monthly report that there could be a dramatic turnaround for demand next year.

New York's main contract, light sweet crude for delivery in August dropped 1.25 dollars...

Obama says G-8 summit leaders tackled tough issues

2010-06-12T10:54:49Z

Obama hails closing G-8 summit, calls it a productive session to confront difficult challenges

President Barack Obama is hailing "candid and spirited discussions" at the G-8 summit, saying the world must come to grips with chronic problems like economic stagnation and climate change.

Summing up three days of talks with fellow leaders in

Autos drive German industrial output higher in May: statistics

2010-10-27T14:14:26Z

Roaring auto output pushed German industrial production higher in May by the biggest margin since August 1993, official data showed Wednesday, signaling the country's deep recession might be near an end.

The economy ministry said overall output in Europe's biggest economy jumped by 3.7 percent in May from the previous month and added: "Industrial production may have passed the trough."

The outlook was was brighter than in April, whe...

German industrial output leaps higher: statistics

2010-06-12T10:58:41Z

Germany got a big boost Wednesday when the economy ministry reported that industrial output jumped by a 3.7 percent in May from the previous month, a sign the country's deep recession might be nearing an end.

"Industrial production may have passed the trough," in Europe's biggest economy, a ministry statement said, adding that the sector outlook was brighter than in April, when production fell...

Chaotic start to Berlusconi's G8 summit

2010-10-22T07:53:05Z

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Gordon Brown flies to G8 leaders summit

2010-10-22T07:53:05Z

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Can Late Rally Extend To Tuesday?

2010-10-22T07:41:47Z

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IMF says worst not over

2010-09-22T13:49:16Z

LONDON (Reuters) - The head of the IMF questioned on Monday debate about when to roll back stimulus spending, saying the world economy had yet to weather the worst of a recession that claimed a record number of European jobs.

The 16-country euro zone lost a record 1.22 million jobs in the first quarter, official data showed. The number of employed fell 1.2 percent yea...

World awaits recovery as G8 finance chiefs meet

2010-06-12T11:07:22Z

Finance ministers from the G8 leading world powers meet for talks in Italy on Friday as populations hit by the worst economic crisis in decades wait for firm evidence of an upcoming recovery.

The International Monetary Fund is forecasting faster-than-expected global growth of 2.4 percent in 2010, the G8 finance ministers to stay the course on economic stimulus and financial reforms despite signs the global recession is easing, Treasury Secretary Timothy Geithner said Tuesday.

"I think it is fair to say the force of the global storm is receding a bit," Geithner told reporters before his trip to the Group of Eight finance ministers meeting ...

Geithner says risks to global recovery remain

2010-06-12T11:08:14Z

Geithner says global recession is easing a bit but serious risks to recovery remain

Treasury Secretary Timothy Geithner said Tuesday that the global recession is easing but serious risks remain to a prolonged recovery.

Geithner told reporters there were a number of signs that conditions are getting better, including that 10 of the largest U.S...

UPDATE 1-Japan mulls accounting rule change to help banks

2010-10-21T09:42:55Z

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Leaders eye finance overhaul as markets tumble

2010-09-22T14:19:50Z

Emergency measures to tackle the financial crisis provided little relief for nervous investors Thursday, as stock markets around the world took a battering on fears of a global recession ahead.

With most analysts now considering a US recession inevitable, markets looked beyond the current wave of bank rescue packages and towards the possibility of a sustained period of lower demand.

Facing an economic downturn and the worst financial crisis since the Australia stocks at open ///

Growing fears that the financial crisis will morph into a worldwide recession prompted a new bloodbath on stock markets Wednesday as EU leaders pushed for swift moves to overhaul global finance.

"The world economy is still headed into a recession despite the global financial market rescue effort," said EU leaders gathered for a summit devoted to the financial turmoil, a top US central bank official, backed by new data, said the United States appeared to be in recession.

Gordon Brown announces financial summit for world leaders

2010-06-12T11:23:56Z

A summit of world leaders - possibly to include the new president-elect of the United States - will take place by the end of the year, Gordon Brown announced this afternoon as he unveiled new British proposals to avoid another collapse of the financial system.

Speaking at the European summit in Brussels, the prime minis...

UK will be okay, says Brown, as oil prices scare rest

2010-10-13T14:46:35Z

Gordon Brown insisted last night that the UK would ride out the global economic downturn, after the G8 summit admitted that rising oil prices had intensified problems caused by the credit crunch.

Despite recent data suggesting that Britain is on the brink of its first recession in more than a decade and a hal...

Family food bills soar by 7% as inflation pressure grows

2010-10-21T10:17:54Z

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Save Food, Save The World

2010-10-13T14:48:52Z

British Prime Minister Gordon Brown has stated that the average household in the UK is wasting around 8 pound sterling per week on unnecessary food bills. Brown's suggestion that the British public should think more carefully about their food shopping in an attempt to reduce the horrifying effect of the credit crunch seems laughable. With the cost of oil soaring and the cost of living up by a reported 9.5 per cent, it seems like a drop in the ocean to have two sausages for dinner instead of t...

Metals - Gold up on resurgent credit crisis fears, high oil price

2010-10-21T09:36:20Z

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World Summit

2010-06-26T13:45:35Z

President Barack Obama and British Prime Minister David Cameron, left, talk before boarding Marine One helicopter in Gravenhurst, Ontario, Canada, as they leave the G8 Summit en route ...

Obama World Summit

2010-06-25T18:15:39Z

Canadian Prime minister Stephen Harper greets President Barack Obama at the G8 summit in Hunstville, Ontario, Canada, Friday, June 25, 2010. (AP Photo/Eric Feferberg, Pool)

Canada World Summit

2010-06-25T15:46:56Z

US President Barack Obama talks to France's President Nicolas Sarkozy as they pose for the photographers during the G8 summit at the Deerhurst resort, near Huntsville, ...

G8 Canada

2010-06-24T11:45:57Z

Oxfam activists pose as G8 leaders in Huntsville, Ontario, Canada on Thursday June 24, 2010. Eights leaders will take part in the G8 summit at the Deerhurst Resort in Huntsville over the next few days. (AP Photo/Toronto for the upcoming G8 and G20 Summits is shown. Planners of the 72-hour diplomatic jamboree _ the G-8 summit of industrialized democracies and the broader G-20 that includes developing nations _ are running into howls of derision ...

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