A second-quarter economic rebound did nothing to change the Fed, which stayed the course Wednesday with ultra-easy monetary policy.
Argentina failed to strike a deal to avert its second default in more than 12 years after talks with holdout creditors ended without a settlement on Wednesday.
Consumers were more confident about the economy in July than they have been in at least six years, The Conference Board said Tuesday, as stock markets float near record highs and expectations build for the recovery.
Rising interest rates in advanced economies and a slowdown in emerging markets could combine to cut global growth by as much as 2%, the International Monetary Fund has warned.
Rising house prices, the prospect of higher interest rates, and difficulty in raising a deposit are rapidly putting people off buying a house according to Halifax.
There may be loads of worthy developments contained in the second-quarter results statements of BP and Shell this week, but there's a chance nobody will be listening.
Britain's economy has recovered the losses caused by the financial crisis and surpassed its pre-recession peak in the second quarter of the year, by posting a growth rate of 0.8%.
The International Monetary Fund has raised its forecast for Britain's GDP growth rate for the second time this year, heaping further embarrassment on the Washington-based organisation following its warning in 2013 that George Osborne's austerity policies were "playing with fire" and could trigger a slump.
Bank of England policymakers are growing increasingly uneasy about the UK's record low interest rates – but signalled on Wednesday that the first rise will not come until real wages start to recover.
A string of major banks and analysts in Singapore have downgraded their forecast for full year growth this year, as weakness in the manufacturing and services sector continues to takes its toll.
The level of inflation poses a risk to the UK economy, but not in the way that you might think.
Living standards in the UK have finally made up the ground lost as a result of the financial crash following the boost to incomes provided by rising employment and falling inflation, according to the Resolution Foundation.
The UK’s exit from the European Union could leave weak member countries exposed to a rise in migrants and reduce the influence of the remaining 27 states on the global stage, according to a leading economist.