Woww OECD Cuts Eurozone Growth Forecasts, Group Expects Global Growth of 3.1% in 2013 and 4% in 2014

As expected, OECD cuts eurozone growth forecasts, Group expects global growth of 3.1% in 2013 and 4% in 2014, while OECD members are expected to expand at 1.2% and 2.3% respectively

From Italy fiscal latest update, Deficit easing exposes rifts in Italy, Enrico Letta, prime minister, is caught between honouring Italy's fiscal commitments to Brussels while finding the funds needed for tax cuts

Latest update from AIG, Regulators clash over derivatives reforms, The US, stung by the 2008 bailout of AIG, is seeking broad authority to police foreign trading that puts domestic taxpayers at risk

Eurozone economic latest update, Brussels steps up pressure on Hollande, European Commission gives list of demands for Paris including public spending cuts, in return for two extra years for France to meet budget targets

Meanwhile, European austerity: changing tactics, The eurozone has effectively torn up its manual for fighting the financial crisis. The key now is following through on structural reforms