U.S. and Chinese leaders have agreed that China will reduce its intervention in the currency market when conditions are ripe, reaching an understanding on a prickly issue that has hurt ties between the world's two biggest economies for years.

• July 10, 2014

The European Central Bank will keep interest rates very low for a long period of time to ensure monetary stability but euro zone governments must do their part to boost growth and cut debt, ECB policymaker Benoit Coeure said.

• July 8, 2014

Russia should boost its arms exports to help the industry upgrade and add more high-end jobs to the labor market, President Vladimir Putin was quoted as saying on Monday.

• July 7, 2014

European Central Bank President Mario Draghi said on Thursday that risks facing the euro zone economy meant interest rates will stay low for an extended period.

"The risks surrounding the economic outlook for the euro area remain on the downside," Draghi said at a news conference after the bank had left interest rates unchanged.

• July 4, 2014

Moscow on Wednesday said tying Moldova closer to the European Union violated the rights of the people in the former Soviet republic's breakaway, Russian-speaking region of Transdniestria and said it would foster closer ties with the enclave.

• July 2, 2014

Manufacturing activity in Asia's industrial powerhouses China and Japan gained pace in June, fueled by improving demand at home, but euro zone growth faltered as main motor Germany slowed.

• July 1, 2014

In the latest shift away from the austerity of the euro zone crisis, European Union leaders signaled at a summit that they were ready to give member states extra time to consolidate their budgets as long as they pressed ahead with economic reforms.

• June 30, 2014

Annual profit growth of China's banks could slow to 9 percent in 2014 as they face increased liquidity and lending risks due to slower economic growth and Beijing's battle on excessive factory capacity, the banking industry body said a report.

• June 30, 2014