The Liberal Democrat chief will say Europe should not put growth at risk but aim to engineer recovery by freeing up markets and other reforms, given constraints on fiscal and monetary policy. (Read the article)

Japan's new prime minister warned Friday that his country could face a financial mess like the one that has crippled Greece if it did not deal urgently with its swelling national debt. (Read the article)

As Bondsquawkers know, the bigger concern right now should be deflation risk. We preach this because the issue should be paramount on people's worry list and should be labeled public enemy number one. FT.com's Money Supply raises the idea of deflation in this recent blog post but suggests that it is not an issue for now. (Read the article)

The Bank of Canada has today elected to raise interest rates by one quarter of a percentage point to 0.5%, as widely expected. (Read the article)

The holiday-shortened trading week opened on a firmer footing for precious metals last night, as a confluence of several economic and geopolitical factors kept safe-haven interest on the boil among global investors. (Read the article)

Steel prices will decline in June for local producers including Egypt's largest, Ezz Steel, according to analysts. (Read the article)

Bullion prices in India touched a record high of 398.42 dollars for ten grams on Tuesday and closed at 398.11 dollars. (Read the article)

The magnitude of current private and government debt, coupled with massive unfunded contingent liabilities for promises of future services to their citizens, will prove to be impossible for many nations to fund. (Read the article)

Australia's housing bubble would defy worldwide trends and all historical evidence if it did not burst, a US investment fund has said. (Read the article)

Home prices are showing signs of weakening and could slide still further now that tax credits for home buyers are no longer around to spur sales. (Read the article)

Three weeks ago, Gordon Brown (remember him?) was making a spirited election campaign pitch against the imposition of 6bn pound of cuts to the UK government's budget this year. (Read the article)

In tune with the Conservative Party's election promise, Britain's 12-day old Conservative-Liberal Democrat government on Monday announced a whopping 6.2 billion pound cut in government expenditure which, some analysts fear, could lead to 300,000 state sector job losses and affect immigrant communities. (Read the article)

The announcement makes Italy the latest eurozone country to announce cuts in an effort to reduce the gap between spending and earnings. (Read the article)

Just days after taking over the Treasury, the man in charge of Britain's finances George Osborne has outlined plans to cut the equivalent of 7.25 billion euros of government spending. (Read the article)

There's a little less to the current volatility in financial markets than meets the eye. (Read the article)

Canadian bonds fell slightly Friday on news the economy created a whopping 108,700 jobs in April, more than four times forecasts and a record for one month. (Read the article)

What a week it was that went by! Commodity prices came under intense downward pressure. Almost all risky assets posted heavy losses in the wake of continuing concerns over the far-from-resolved European debt crisis. Equity markets were not spared either. Crude prices dropped almost $10 a barrel, an indication of the extent of risk aversion.Gold, of course, was an exception even as safe haven buying propped prices higher.The euro slumped and the dollar firmed admirably. (Read the article)

IMF chief, Dominique Strauss-Kahn, on Sunday welcomed a new European emergency fund to stabilize the euro zone and pledged to work with the EU on a country-by-country basis. (Read the article)

Investigators seeking an explanation for the brief stock market panic last week said Sunday that they were focusing increasingly on how a controlled slowdown in trading on the New York Stock Exchange, meant to bring about stability, instead set off uncontrolled selling on electronic exchanges. (Read the article)

The tepid reaction of financial markets to a long-awaited Greek financial rescue speaks volumes about the deep-seated skepticism of investors that the plan's three years of breathing space will enable this deeply indebted country to emerge from its crisis. (Read the article)

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