GDP

China is scheduled to its key economic data on Friday and any downside surprises in the data are likely to weigh on the commodity currencies, mainly the Australian dollar (AUD).

Independent fiscal watchdog Office for Budget Responsibility says more austerity needed to bring public debt down to pre-crisis levels.

The four countries are tipped by ratings agency S&P to pick up the slack of slowing China GDP growth and others in the Asia-Pacific region, in the face of the faltering Eurozone economies.

Confederation of British Industry head says Chancellor Osborne and government have failed to implement infrastructure investment plan as the UK wallows in recession.

Peter Praet repeats call for deeper European integration at Lisbon conference.

Spain to be given extra year to comply with deficit targets as market indicates doubts over Eurogroup strategy

In an effort to raise over €7 billion, French President François Hollande and his Prime Minister Jean-Marc Ayrault announced in their Budget on Thursday 05 July 2012, measures that included an increase in the tax rate from 50 per cent to 75 per cent for all income over €1 million - about £790,000 at the current exchange rate. The act of a Communist state by American and British standards but not the crucifixion scale that was demanded by the country's hard-Left. The Left Front and the New A...

International donors urge effective implementation of developmental projects with the aid as they worry financial mismanagement and corruption could undermine the purpose of the aid.

Minutes from the Bank of England's Financial Policy Committee reveal fears over the scale of banks' exposure to global risks, such as the eurozone crisis.

With 21 days to go until the London Olympics, UK's Prime Minister David Cameron reveals that Britain will see a multi-billion pound benefit for hosting the London Games.

China is aggressively pushing forward with its currency liberalisation plans, after slashing its interest rate in the first time in less than a month

Mervyn King and the Bank of England's rate-setters will plough an extra £50bn into the economy through monetary stimulus, in another bid to pull the UK out of recession.

Slowing growth in UK's service sector, the dominant part of British economy, signals recession may extend into another quarter.

With an agreement being reached in the early hours of Friday, 29 June 2012 at the European Summit in Brussels over the Euro Crisis, my Mystic Meg clairvoyant award was cancelled. Don't care, I wasn't alone in getting the outcome - little or no change with platitudes - so very wrong. Typical of reporters was Ian Chua for Reuters in Sydney filing a report at just past midnight on Friday morning:

June purchasing managers index data shows that UK manufacturing output did not recover out of a contraction from its three-year-low in May.

Britain's economy contracted by 0.4 percent in the final quarter of 2011, worse than previously thought, according to revised Office for National Statistics data.

Two-day meeting set to discuss markets, debt-sharing despite absence of Greek Prime Minister

Arson, bomb threats and government departures underline plight of Europe's "Sick Man"

Spain will get 'technical assistance' from IMF as Cyprus is added to list of formal EU rescue recipients following Eurogroup statement

Cyprus is latest eurozone economy to apply for help from EU's European Financial Stability Facility to avoid Greece debt contagion.

Rating agency Standard & Poor's said in a report that British consumers are unlikely to increase their spending and lead the country out of its double-dip recession.

The Reserve Bank of India unveils a number of measures to relax rules and limits on qualified foreign investors investing in India.

Market participants are still anticipating the final details on Spain's bailout amount and conditions, after independent auditors Roland Berger and Oliver Wyman say the country's banks need up to €62bn

Ratings agency says Brazil's diversification and growing domestic market are helping it mitigate the impact from Eurozone sovereign debt contagion

Though Israeli Arabs enjoy full citizenship rights, their representation in Israel's housing and job sectors is low.

UK retail sales in May beat analyst expectations as the approaching Jubilee celebrations helped boost consumer spending.

With the Bank of England monetary policy committee narrowly voting against more quantitative easing, analysts expect another cash injection soon.

The full audit of Spanish banks being delayed until September raises fears that Spain will need more than its originally agreed IMF €100bn bailout.

Ratings agency Moody's report on the triple-A rated Asian tiger highlights resilience of Singapore's economy

George Osborne said he wants the value of UK exports to increase to £1tn by the end of the decade - but the industry is in decline. Here is why.