Economic News & Analysis

Nowotny Says ECB Will Hold Off Exit Discussion Until December

European Central Bank Governing Council member Ewald Nowotny said policy makers will wait until December before discussing how to withdraw emergency measures to give the economy time to gather strength.
EU to Defend Its Clout at IMF as U.S. Seeks Overhaul

European finance ministers this week will try to protect their clout at the International Monetary Fund after the U.S. unexpectedly forced a debate on which countries sit on the institution’s board of directors.
Manufacturing in U.K. Grew at Record Pace in Third Quarter

U.K. factory production grew at a record pace in the third quarter on surging export demand, the Engineering Employers Federation said.
Greece Default Risk Is `Substantial,' Pimco's Bosomworth Says

Greece still faces a “substantial” default risk as insolvency prevents the nation from repaying its debt when its bailout program expires in three years, Pacific Investment Management Co. fund manager Andrew Bosomworth said.