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Eurozone retail sales rose in July for the third consecutive month, though by less than generally expected, as growing food sales more than offset a decline in non-food turnover, Eurostat reported Friday.

The four previous months were revised upward.

On the month, retail turnover gained 0.1%…

European Union policymakers reached political agreement late Thursday to set up four new financial regulatory authorities, successfully concluding months of negotiations. The deal will lead to the creation of four new supervisory authorities, one of which will be part of the European Central Ban...

Japanese currency intervention may gain some understanding in the global community if it is aimed at curbing yen gains driven by factors Tokyo cannot control, a former Bank of Japan board member said. Japan needs to get serious about stemming sharp yen gains, which hurt the economy by prompting c...

The Euro found further support near 1.2650 against the dollar during Wednesday and strengthened to above the 1.2750 level ahead of the US economic data releases with reports of Far East central bank Euro buying providing some underlying support. The US ADP employment report was weaker than expec...

Central banks and investors around the world are worried about the outlook for the U.S. economy. Whether these fears are accurate or misplaced will hinge on tomorrow's non-farm payrolls report. The outcome of the NFP release is important because it will not only affect the market's appetite for U.S....

We expect US August Non-Farm payrolls to show a decline of 125,000 in August due in large part to dismissals among temporary Census workers. The unemployment rate is expected to edge up to 9.6% from 9.5%.

The number of first-time filers for unemployment insurance fell for a second straight week last week, but the level suggests that the labor market remains sluggish. There were 472,000 initial jobless claims filed in the week ended Aug. 28, down 6,000 from an upwardly revised 478,000 the previous ...

The most important lesson to come from the financial crisis is that banks must not be allowed to become "too-big-to-fail," Federal Reserve chairman Ben Bernanke said Thursday. Stressing the need for banks to hold more cash in reserve and face stricter regulations, Bernanke also told a panel inves...

The number of contracts to purchase U.S. previously owned houses unexpectedly rose in July, a sign the market may be starting to stabilize after the expiration of the homebuyer tax credit. The index of pending home resales rose 5.2 percent after a revised 2.8 percent drop the prior month, figure...

The value of new factory orders rose 0.1% in July on the strong aircraft-led gain in durable goods orders, offset by flat nondurable goods orders, data released by the Commerce Department Thursday morning showed. Analysts in a Market News International survey had expected factory new orders to r...