U.S. employers in July hired the most workers in five months, but an increase in the jobless rate to 8.3 per cent kept prospects of further monetary stimulus from the Federal Reserve on the table.

No

The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled further bond buying could be in store to help a U.S. economic recovery that it said had lost moment

A group of banks being investigated in an interest-rate rigging scandal are looking to pursue a group settlement with regulators rather than face a Barclays-style backlash by going it alone, people fa

Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped.

Federal Reserve chairman Ben Bernanke on Tuesday offered a gloomy view of the economy's prospects, but provided few concrete clues on whether the U.S. central bank was moving closer to a fresh round o

Economist Nouriel Roubini is standing by his prediction for a global 'perfect storm' next year as economies the world over slow down or shudder to a complete halt, geopolitical risk grows and the euro

Gold edged lower on Wednesday, extending losses from the previous session when the U.S. Federal Reserve chairman Ben Bernanke disappointed gold bugs by offering no signs of imminent monetary stimulus

The U.S. Federal Reserve is open to buying more Treasury bonds to stimulate the economy, but the recovery might need to weaken for a consensus to build, minutes from the central bank's June meeting re

American investors need to prepare for an upcoming stock market crash that will be worse than 2008, a noted US economist has warned.

The stock market collapse we experienced in 2008 "wasn't the real

Another month of weaker-than-expected U.S. hiring has increased the chances of the Federal Reserve launching a new round of monetary stimulus to boost growth, an agency poll of Wall Street economists