Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth.
US manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China's factory sector stuttered in the early part of 2014
Manufacturers across Europe and Asia changed down a gear last month as falling demand from abroad hurt Chinese output and European factory growth dipped from January's 2-1/2 year high.
But while the surveys across Asia were mo
Weakness in euro zone price pressures is extending into the medium-term, the time horizon the European Central Bank (ECB) looks at when deciding on policy, ECB policymaker Peter Praet said.
Praet, who holds the powerful economics
The global economy started 2014 on a disjointed note with the euro zone's private sector in better shape than expected and China's vast manufacturing industry contracting for the first time in six months.
Surveys on Thursd
Bankers in the European Union earning more than 500,000 euros ($688,000) a year may be excluded from a cap on their bonuses if they are not major risk takers, according to a revised rule from the EU's banking watchdog yesterday.
The European Central Bank's (ECB) chief economist said the euro zone faces deflationary pressures, and the bank's president stressed that interest rates must remain low "because the economy is weak".
With euro zo
A flood of new orders gave a boost to European and Chinese firms in September, according to a clutch of surveys which added to evidence that the global economy is healing.
Monday's upbeat purchasing managers' indexes, surv
A bounce in exports and spending pulled the euro zone out of recession in the second quarter of 2013, data shows, in the first signs of recovery after the bloc's longest slump.
Stronger-than-expected growth from Germany to Por
Business surveys on Thursday suggested the world economy was on the mend, with US and Chinese manufacturing activity at multi-month highs and better-than-expected growth in the euro zone.
The data should bolster the case for the F