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INDIA'S ECONOMY REBOUNDS: India's economy grew 8.8 percent in the June quarter, its fastest pace in over two years. That's up from 6 percent a year ago, at the height of the global recession. NOT ALL GOOD ...

South Korea's industrial output rose for the 13th straight month in July, in another sign the economic recovery remains solid, official figures showed Tuesday. Production in mining and manufacturing grew 15.5 percent year on year last month, bolstered by semiconductors, electronics parts and machinery equipment, Statistics Korea said in a report. Output increased 1.1 percent from June ...

Japanese Prime Minister Naoto Kan on Tuesday said he would consider whether additional steps to boost the economy are needed amid fears Japan's recovery is losing steam. "The labour situation is still severe and economic conditions overseas have not necessarily stabilised," Kan, who took the leadership less than two months ago, told a budgetary committee of the parliament's ...

UPS is confident it can overcome a slow economic recovery in the U.S. and Europe and is once again raising its outlook for the year. The Atlanta company now expects adjusted earnings of $3.35 to $3.47 per share, compared with analysts' expectations ...

SURVEY SAYS: The U.S. recovery continued during the second quarter but the pace of growth slowed, a new survey by The National Association for Business Economics shows. JOBS, JOBS, JOBS: Thirty-one percent of businesses surveyed added workers between April and June, the highest level ...

Britain and the United States are both aiming for long-term sustainable growth despite different responses to the economic crisis, US President Barack Obama said Saturday. "There have been differentiated responses between the two countries because of our different positions, but we're aiming at the same direction: long-term sustainable growth," Obama said. He was speaking at his first meeting with ...

WASHINGTON (Reuters) - Top White House economic adviser Lawrence Summers said on Thursday the U.S. recovery has a long way to go but the economy is far healthier now than it was a year ago. "At (that) time it was reasonable to ask the question: would the U.S. and global economy recover, it was reasonable to fear the possibility ...

The supermarket chain Tesco said on Tuesday that group sales rose by 8.2 percent during its first quarter, adding that it was well-placed to to deliver further growth. "Tesco has made a solid start to the new financial year," said chief executive Terry Leahy, who last week announced he was to retire in 2011. "We're making good progress ...

ON A ROLL: McDonald's Corp. says sales in U.S. restaurants open at least a year rose for the fourth month in a row because of an improving economy and successful products such as iced coffee drinks. WORLDWIDE SALES: Around the globe, sales in locations open at ...

The government announced Friday a narrower-than-expected budget deficit estimate of 47 billion dollars (45 billion US) for the fiscal year ended March 31. Finance Minister Jim Flaherty, who originally forecast a record deficit of 53.8 billion dollars for 2009-2010, said higher than expected tax revenues from what were set out in his budget were responsible for the dip in ...