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The global economy is set to expand by a modest 3.3 percent this year as a still-smoldering euro zone debt crisis and a relatively slow U.S. recovery continue to leave Asia as the main driver of growth, Reuters polls showed on Thursday. Asian economies, as well as Latin America, are expected to pick up the [...]

Germany was left to dig deeper to combat the euro-area debt crisis after the Group of 20 nations told Europe to come up with more financial firepower before they consider lending outside support. The decision by G-20 officials to rebuff European calls for assistance in their crisis-fighting effort pending an increase in its own financial [...]

Unemployment should drop below 8 percent this year as part of an improving economic climate that could take more monetary easing off the table, Fed President James Bullard told CNBC. The head of the Federal Reserve’s St. Louis branch said 2011 featured a number of unexpected shocks to the economy — Japan’s tsunami and Europe’s [...]

A bill passed in the US Senate on Tuesday attempting to make it easier for the United States to impose tariffs on goods from countries which are believed to undervalue their currencies is unlikely to be signed into law by President Obama or supported by Republicans in the House of Representatives, Frank Lavin, Chairman at [...]

Investors should sell on any rebound in ‘risk’ currencies like the Australian and Kiwi dollars, says Morgan Stanley’s head of U.S. forex strategy, as the currencies will come under pressure in the next six months. “We’d like to see the Aussie lower, in fact the little bounce that we saw in the Aussie…I would like [...]

The ongoing financial turmoil has sparked debate over whether investors are in for a repeat of the global financial crisis that started in 2008. While skeptics have largely doused the concerns, citing reasons from how the macro environment has changed since 2008 to the financial safeguards that governments have put in place, HSBC says the [...]

The Swiss franc and yen weakened against most of their major counterparts amid speculation policy makers will take more steps to curb gains in their currencies. Credit risk fell, while U.S. index futures pared their advance. The franc depreciated 1.7 percent against the euro at 6:50 a.m. in New York. The Markit iTraxx SovX Western [...]

QE3 may be coming after all. In a dramatic turnabout, market participants now believe the Federal Reserve is more likely than not to resume purchasing assets during the next year in a third round of quantitative easing the August CNBC Fed Survey shows. “There is no doubt that over the last week the odds of [...]

Central bankers are racing to shield their economies from fiscal tightening and lopsided currency swings that threaten a new global recession. In the 72 hours after a Group of Seven conference call on Aug. 7, the Federal Reserve pledged to keep interest rates near zero through at least mid-2013, the European Central Bank intervened in [...]