Global News

About 25 banks failed stress tests: source

Half of the banks that failed still have additional capital needs, source says.

UK rejects 'appalling' EU demands

by AAP
PM says he will not pay the extra €2.1 billion required under new EU rules.

UK PM calls talks over EU's €2.1bn levy

by AFP
Cameron interrupts EU summit for meeting of finance ministers over demand for fresh cash.

Italy's consumer confidence falls in October

Sentiment hits lowest level since February as country heads towards third year of recession.

EU tensions continue on national budget rules

Second day of EU summit a tough test for framework of national budget oversight.

EU requires extra €2.1bn payment from UK

New budget demand likely to inflame eurosceptic sentiment, weigh on govt.

UK economic growth slows in Q3

ONS data shows 0.7 per cent growth for the quarter as services sector slips.

German sentiment tipped to rebound in November

Gfk survey shows consumers becoming less sensitive to global conflicts.

France can do more to cut spending: ECB's Noyer

Bank of France, ECB leader suggests reduction of €21 billion, ahead of Brussels deadline.

Trade ministers in secret TTP talks

by AAP
Trade ministers to converge on Sydney to conduct secret negotiations for Trans-Pacific Partnership deal.

Falling wages could hold back growth in the US and UK

1 comment
The US and UK are relying disproportionately on employment growth to drive consumption, but it won't be sustainable in the long term.

Fed will dictate RBA rate hike: HSBC

HSBC's chief US economist says Yellen may move more cautiously on rates than expected.

UK not immune to EU pain: Cameron

UK PM says eurozone's economic strains will undoubtedly impact Britain.

No risk of disaster: GE's Immelt

Jeff Immelt says no danger of total economic disaster, but lower growth the new normal.

Waislitz warns of more volatility

Billionaire investor Alex Waislitz tips more turbulence ahead for Australian sharemarket.

US jobless claims rise to 283,000

Labor Department data shows slightly larger than expected increase.

EU needs 'flexible' approach on budgets: Hollande

French President renews push for budget leeway ahead of leadership summit.

BoJ sees stronger chance of inflation below 1%

Central bank insiders say chance of inflation below 1 per cent 'possible', 'fifty-fifty'.

EU seeks more information on Italy's budget

Commission criticises 2015 budget's 'significant deviation' from EU fiscal rules.

ECB asset purchases could be more powerful than QE: Broadbent

Bank of England official says buying private sector assets may encourage productive risk-taking.