President Barack Obama will pledge U.S. action on financial regulatory reform at the Group of 20 summit in Pittsburgh and underscore the need for global coordination on the issue, a senior aide
The Bank of Japan said it was growing slightly more optimistic about the economy and financial conditions on Thursday, likely bringing it a step closer towards phasing out some of its measures
The fundamental credit outlook for the Italian insurance market is negative, in line with the negative outlook for the overall European insurance market, according to Moody's Investors Service. Unlike other European markets,
The European Union will support maintaining policiesthat poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy
U.S. stocks rose slightly on Wednesday on gains in commodity prices and renewed merger and acquisition activity. U.S. industrial production rose for the second straight month in August, while higher gasoline costs
Facebook is making enough money to cover its costs and now has 300 million users, the world's largest social networking site said on Tuesday, proving the Internet's newest star industry can be
A rich-nations recovery from the deepest recession since the 1930s is taking hold, although the latest Reuters economic outlook also shows tame inflation expectations and no rush by policymakers to hike interest
Higher gasoline costs pushed up U.S. consumer prices in August while industrial output increased for a second consecutive month, according to data on Wednesday that reinforced hopes the economy was finally on
European Commission President Jose Manuel Barroso won a strong mandate to combat Europe's economic crisis by gaining a clear majority in the European Parliament on Wednesday for a second five-year term. The
U.S. consumer prices rose in August from July on a spike in gasoline costs, the Labor Department said on Wednesday, but the underlying trend pointed to muted inflation pressures. Analysts said the
