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Japan cuts GDP growth for third quarter


Japan's third-quarter GDP was weaker than thought with a 0.3 percent expansion, revised data showed Thursday, as slack corporate spending held back the world's number three economy.

Euro falls as Italian leader quits after losing reform vote


The euro fell against the dollar and investors braced for a bumpy ride on Monday as Italy appeared headed for a period of political and financial turmoil.

Fed official stands by Wall Street reforms, says must complete work


The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.

China should import ASEAN labor force to battle aging population: scholar


China could further ease its visa policies to facilitate labor flow from ASEAN countries into China's aging society, suggested a consultant of the State Council.

Rising debt levels threat to New Zealand financial stability: central bank


Rising debt resulting from soaring home prices and low dairy prices is continuing to pose a risk to New Zealand's financial system, the central bank warned Wednesday.

S.Korea's business confidence stays low on uncertainties


​Confidence among South Korean businesses over economic outlook stayed low on uncertainties at home and abroad, central bank data showed on Tuesday.

US stocks end week at fresh records


Wall Street stocks climbed to fresh records Friday, with all three indices closing at new highs on optimism about stronger US growth following the presidential election, albeit amid light holiday volume.

U.S. crowds pick up slightly on Black Friday, online sales jump


U.S. online sales surged on Black Friday, with Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers.

ECB warns of political uncertainty risk to eurozone


Political uncertainty is putting the eurozone's financial stability at risk, according to the European Central Bank.

Wells Fargo asks U.S. court to dismiss account scandal lawsuit


Wells Fargo & Co (WFC.N) has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents.