Europe Retail Sales Decline Least in 16 Months, PMI Shows

European retail sales fell the least in 16 months in September, adding to signs the region’s economy may be emerging from recession.
The measure […]

Abbott to buy Solvay unit for $6.6 billion: sources

U.S. drugmaker Abbott Laboratories plans to buy Solvay SA’s pharmaceuticals unit for $6.6 billion (4.5 billion euros), two sources familiar with the situation said […]

Brazil Bank Sees Faster Inflation as Economy Recovers

Brazil’s central bank forecasts faster inflation in Latin America’s biggest economy over the next two years, prompting traders to bet the benchmark interest rate […]

Fed May Need Aggression in Reversing Actions, Warsh Says in WSJ

Federal Reserve Governor Kevin Warsh said the U.S. central bank may need to be as aggressive in reversing its actions to revive the economy […]

‘Age of Austerity’ Awaits G-20 as Rising Debt Worries Greenspan

Global leaders may be saddled with the weakest recovery since World War II if they are to pay off the $9 trillion tab they […]

Malaysia Central Bank Sees Signs of Rebound, Credit Suisse Says

Malaysia’s central bank has become more confident the Southeast Asian nation is recovering from the global recession, Credit Suisse Group said, citing a meeting […]

IMF Urges Central Banks to Prepare, Coordinate Exit Strategies

Governments planning to withdraw financial-market support should first exit programs that guarantee bank liabilities and coordinate their moves with other countries to keep a […]

Goldman Sachs fund to invest $250 million in Geely: report

A Goldman Sachs Group private equity fund is investing about $250 million in Chinese carmaker Geely Automobile, a move that could free up capital […]

Yushchenko Warns Ukrainian Budget Deficit May Weaken Hryvnia

Ukrainian President Viktor Yushchenko said the government’s swelling budget deficit may trigger a further weakening of the hryvnia and accelerate the pace of inflation, […]

U.S. Economy: Home Starts, Manufacturing Index Rise

Housing starts in the U.S. rose to the highest level in nine months and manufacturing in the Philadelphia region expanded more than forecast, adding […]