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Governments must not put off addressing large debt burdens, because doing so could result in even greater fiscal problems down the road, a top U.S. Federal Reserve official said on Thursday. William Dudley, president of the New York Federal Reserve Bank, said the U.S. economy is on "firmer ground...

Vehicle and fuel sales led a 0.8% ($42 million) rise in retail sales in January, Statistics New Zealand announced this morning. The result follows an unexpectedly bad result for December, when total sales fell 0.4%. The average expectation from market economists for the latest result was for a ri...

Vehicle and fuel sales led a 0.8% ($42 million) rise in retail sales in January, Statistics New Zealand announced this morning. The result follows an unexpectedly bad result for December, when total sales fell 0.4%. The average expectation from market economists for the latest result was for a ri...

U.K. consumers' expectations on price increases in the next 12 months rose to the highest since November 2008, a quarterly Bank of England survey showed. Britons predicted inflation of 2.5 percent in a year's time, compared with 2.4 percent in November, the central bank said today in London. GfK...

Current official interest rates are at the appropriate level and the Eurozone recovery continues though it is uneven and uncertainty remains, European Central Bank Governing Council member Yves Mersch said Thursday. In the editorial of the latest Bulletin of the Central Bank of Luxembourg, which...

French companies shrank their work forces by less than economists forecast in the fourth quarter in a bid to cut costs after the worst recession since World War II. Payrolls, excluding government employees, farm workers and the self-employed, fell 0.1 percent, the Economy and Labor Ministry said...

The French budget balance showed a deficit of EUR 9.2 billion in January compared to a shortfall of EUR 8.1 billion seen in the same period of last year, the Budget Ministry revealed Thursday. Expenses increased to EUR 27.3 billion in January from EUR 22.2 billion in the previous year. At the sa...

Containerized trade volumes in and out of the U.S. softened alongside seasonal demand at several major ports in January, but compared to a year ago, broader trends of rebounding exports and stabilizing imports are surfacing, according to port officials. Following the worst year in container ship...

Australian employers added fewer workers in February than economists forecast, giving central bank Governor Glenn Stevens scope to slow the pace of future interest-rate increases. The number of people employed rose 400 from January, the smallest gain in six months, the statistics bureau said in ...

The U.S. government recorded a budget deficit of $221 billion in February, the Treasury Department reported Wednesday, even as its income posted a big increase for the month. Income totaled $107.5 billion in February, a 23% increase over last February's total, and marking the first monthly year-...