The EU quarterly GDP growth was revised down to 0.3 percent from 0.4 percent, but the euro zone's growth was unchanged at 0.3 percent.
Investors are becoming increasing concerned that the US government will default on its debt, due to DC gridlock.
The move is expected to attract more tourists and their dollars, and help the country's ailing domestic currency and deficit situation.
The bank cited slow growth in China, falling investments, and risks and uncertainties associated with U.S. monetary policy for its decision.
Talks about the free-trade deal between the EU and the U.S. were postponed due to the partial government shutdown.
Gov. Jerry Brown signed the Trust Act into law Saturday as rallies across the country call for immigration reform.
There is a logic to the Tea Party’s extremely conservative stance, but it’s also counter-productive and ultimately, untenable.
Tropical Storm Karen has decreased in speed but is expected to reach southern Louisiana by Saturday night.
The House voted 407-0 on Saturday to give back pay to furloughed federal employees.
The ongoing government shutdown has disrupted the normal data flow. Economists, along with the markets and the Fed, are flying blind when it comes to tracking the economy.
"The financial sector and the banks in particular have created a Jungleland," boomed Bart Chilton to dramatize his comments on the economy.
Foreclosures were concentrated in poorer neighborhoods, with wealthy investors snapping up cheap homes to sell a few years later.
In the next three years, remittances to developing countries will rise by $140 billion as global migration soars.
Check out these interactive visualizations of income disparity in major American cities.
The two countries will work together in a variety of sectors including defense, science, education, technology and finance.
Reports about the House Speaker being open to working with Democrats to raise the debt ceiling could push U.S. stocks up.
The consequences of the U.S. government defaulting on payments could “very seriously damage” the world economy, Christine Lagarde warned.
A dozen nations, including the U.S., will try to iron out issues such as currency manipulation and protectionist measures at the APEC summit.
The bank's policy board noted that Japan's economy is recovering moderately and that business sentiment has continued to improve.
The lesser-understood precious metal stands to gain whether the global economy recovers or falters, says one industry expert.
A U.S. default caused by a failure to raise the debt limit could trigger a worse financial crisis than in 2008, the department said.
Uncertainty in Capitol Hill is causing higher volatility in assets prices; this is a likely buying opportunity.
Further, Richard Bove's conclusion about the effect of a default may actually be rosy, as he himself admits.
Even if the U.S. government shutdown ends Thursday, the jobs report will be delayed, the Labor Department said.
Tesco's latest earnings painted a fresh picture of the food retailer's worldwide woes.
Euro Zone PMI data showed a steady, Germany-led recovery, and retail sales also soundly beat growth expectations.
A protracted slowdown in India and China, and QE nervousness are projected to slow developing Asia’s growth rate to 6 percent in 2013.
The latest data showed service sector growth remained stronger compared to the manufacturing sector.
Following the 90-minute meeting, Rep. Nancy Pelosi said the U.S. must raise the debt ceiling to avoid "cataclysmic" consequences.
The world’s largest gold exchange-traded fund was the least popular such investment fund in the third quarter, according to new data.
