World Leaders Have No Words of Wisdom on Rout Spooking Investors

It’s wiped out more than $8 trillion in the value of global equities, leaving virtually no market unaffected, yet reaction from world leaders so far has ranged from muted to dismissive.

German private sector growth picks up in August - PMI

BERLIN,(Reuters) - Stronger-than-expected growth among manufacturers helped Germany's private sector expand at a faster rate in August, a survey showed on Friday, suggesting Europe's largest economy is on track for a solid third quarter.

IMF: Global economy steady but risks abound

Washington (AFP) - The International Monetary Fund said Tuesday that the global economy remains tepid, with slowdowns in emerging markets offsetting progress in the Japanese and European economies.

European Stocks Extend Five-Week High as Vodafone Gains

European stocks rose, extending their highest level in more than five weeks, as companies from Vodafone (VOD) Group Plc to Henkel AG rallied on better-than-estimated financial results and improving forecasts.

Swiss deflation risk on radar screen for SNB: bank chairman

(Reuters) - Swiss National Bank (SNB) Chairman Thomas Jordan vowed on Friday to take whatever steps were necessary to fend off deflation in the face of a weak global economy, worsening euro zone outlook and falling commodities prices.

Germany to reject EU-Canada trade deal: Sueddeutsche newspaper

(Reuters) - Germany is to reject a multi-billion free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported on Saturday.

Unemployment set to rise further in euro zone's hardest hit: Polls

LONDON: The queues of jobless people across Spain, Portugal and Greece will lengthen further but an end to recession is within sight, according to the latest Reuters poll on some of the euro zone's most vulnerable economies.

Draghi defends ECB crisis measures

BERLIN (AP) -- European Central Bank head Mario Draghi again defended the ECB's bond-buying program Tuesday, saying the crisis backstop was more important now following recent market turbulence sparked by other central banks around the world.

Europe to call on Japan, U.S. to consolidate public finances

MOSCOW (Reuters) - The European Union will urge the United States and Japan on Friday to consolidate public finances over the medium term to remove what it believes is one of the main risks to the global economy now.

Spanish prime minister denies corruption allegations

The Spanish prime minister Mariano Rajoy has issued a televised denial or corruption allegations that are threatening to engulf his government and destablise the eurozone.

Merkel Rebuffs Rajoy’s Call to Do More to Boost Euro Stimulus

German Chancellor Angela Merkel rebuffed calls by Spanish Prime Minister Mariano Rajoy that euro nations in better financial health should help the bloc out of its economic slump by spurring growth.

Davos 2013: G-10 ministers discuss progress on WTO negotiations

DAVOS: Ministers from G-10 countries, including the US, today held discussions on the progress made at WTO negotiations, especially issues related to the agriculture market.

Swiss Economy Unlikely To Slip Into Recession - UBS's Weber

The Swiss economy is unlikely to slip into a recession with gross domestic product probably moving sideways in coming months, UBS AG (UBS) Chairman Axel Weber said Friday.

Spain and Italy ban short selling

Securities regulators in Spain and Italy both instituted short-selling bans Monday as financial markets tumbled.

G-7: We're watching Europe's debt crisis

NEW YORK (CNNMoney) -- Finance ministers from the world's seven largest economies held a conference call Tuesday about the ongoing European sovereign debt crisis, but did not announce any new rescue measures.

UK double-dip recession to drag on into summer, economists warn

Britain's collapse back into recession will drag on until June at the earliest and condemn the country to another lost year, economists have warned.

Euro zone economy sinks, U.S. service growth slows

LONDON/WASHINGTON (Reuters) - Euro zone businesses floundered in March and growth cooled in the service sectors of the United States and India, taking some steam out of the global economy.

Republic of Ireland falls back into recession

The Republic of Ireland fell back into recession in the last three months of 2011, official figures have shown.

Euro zone economy heading for steep contraction in Q4: PMIs

LONDON (Reuters) - The escalating sovereign debt crisis has already pushed the euro zone economy into a contraction that could be far worse than economists had expected, business surveys suggested on Monday.

Sarkozy told Obama euro zone to end crisis: source

French President Nicolas Sarkozy assured U.S. President Barack Obama on Wednesday the euro zone intends to resolve the euro crisis and support Greece, a French presidential source said.

The source, speaking on condition of anonymity, added the two leaders, who met in New York on the sidelines of the annual U.N. General Assembly session, also discussed the idea of including the Chinese yuan in the International Monetary Fund's special drawing rights (SDRs).