International Monetary Fund

One in four out of work in Europe's fourth-largest economy amid deepening recession.

Germany's Angela Merkel has cannily played Prime Minister David Cameron into a futile stance on Europe's Budget negotiations.

Spain's Prime Minister faces challenging votes in Catalonia and the Basque region as investors fear window of opportunity for EU support closing fast

Demonstrator dies of heart attack while four others injured after police clashes.

FX specialists debate on whether the US Federal Reserve is intentionally weakening the dollar, resulting in a ‘currency war’.

Legendary chairman of Goldman Sachs Asset Management says a union of several emerging markets are looking to set up a development bank

The EU approved a second round of tough trading sanctions on Iran as crude exports, currency continue to tumble.

Budget cuts and bank capital rules are being reconsidered as world leaders push for Plan B in face of slowing economic growth.

US economists Roth and Shapley win coveted 2012 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Asian markets end moderately higher this week after better weekly job data from the US and improvement in Sino-Japanese relations.

Spain insists there's no pressure to seek financial aid, IMF urges more time for budget measures to take hold as Germany juggles multiple bailouts

Shanghai Composite Index up 0.10 percent while Hang Seng and KOSPI end 0.65 percent and 0.01 percent higher. Nikkei drops 0.15 percent.

Lord Turner, FSA chairman and Bank of England governor contender, says innovative policies are needed to lift the country out of the downturn.

Several emerging economies welcome new policy, but Germany opposes it.

Reuters survey of economists shows most think British economy will barely lift out of recession over the next four quarters.

MPC member Weale also used Daily Mail interview to air inflation concerns over more quantitative easing in the UK economy.

S&P cites deepening recession and limited options before government to deal with the crisis as reasons for downgrade.

IMF says global economic slowdown has begun affecting emerging nations, a major force in pulling the world out of 2009 recession.

Nikkei drops to the lowest level in two months, sliding 1.98 percent. KOSPI down 1.56 percent while Hang Seng eases 0.08 percent. Shanghai index rises 0.22 percent.

Prime minister speaking at Conservative party conference insisting '"painful decisions' and austerity imperative if UK economy to recover.

USC's John Elliot economist Mohammad Pesaran says and orderly 'Grexit' is impossible without some form of debt forgiveness.

International Monetary Fund confirms absence of governor of People's Bank of China at annual meeting in Tokyo.

Fund warns of capital flight, breakup fears and economic decline unless policymakers take crucial decisions.

South Korea's KOSPI falls 1.18 percent, Shanghai Composite Index is lower by 0.57 and Hang Seng by 0.56 percent.

IMF scaled down Britain's growth forecast

Leading economic thinktank says underlying growth may only be 0.2 percent as economy stagnates.

Former UK home secretary and foreign Secretary sees a gulf between a core EU and periphery EU countries

Merkel praises reforms but warns of tough road ahead as IMF says Greece likely to miss key debt targets in 2011 bailout agreement.

Banks encouraged to boost lending but is this wise as outlook for UK economy worsens?

Nikkei ends 1.06 percent lower while KOSPI falls 0.14 percent. China's Shanghai index and Hong Kong's Hang Seng gain 1.97 percent and 0.54 percent.