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In Vietnam’s major cities, a once-booming property market has come crashing down, adding to an economic slowdown that is being compared to the 1997 Asian financial crisis.

China's big cities are announcing large investment plans intended to boost slowing growth rates, but just how much of a lift they will give to the economy remains uncertain.

Italian Prime Minister Mario Monti said on Sunday the end of the economic crisis in his country was in sight and that the euro zone must not let the single currency become a source of friction between the north and south in the bloc.

Finance ministry officials in Greece have calculated that the debt-stricken country's economy will recover faster and its debt be more sustainable if it is given two more years to reduce its budget deficit, a Greek newspaper reported on Saturday.

China's economy is still facing big downward pressure and the foundation of a recovery is not yet solid, Chinese Premier Wen Jiabao said during a trip to the country's coastal Zhejiang province, state radio said on Wednesday.

The euro zone's two largest economies avoided shrinking between April and June, but the resilience of Germany and France wasn't enough to prevent the currency bloc's economy as a whole from falling back into contraction.

The Olympics brought less tourist money to recession-hit Britain than officials expected, a trade group said Monday, with a majority of tourist businesses reporting losses from last year.

Starved of financing options, Greece will offer an unusually large amount of treasury bills next week so it can meet looming redemptions and fund its cash needs .

Stocks closed Friday higher even as a raft of weak data from China signaled a slowing global economy.

Stocks are opening lower on Wall Street, deflated by signs that the global economic meltdown is being felt across Asia... China reported sharply lower growth in its exports. The so-called fiscal cliff, when U.S. government spending cuts and higher taxes kick in on Jan. 1, looms larger now that the distraction of earnings season is over.