Japan's Prime Minister Shinzo Abe poses inside the cockpit of a T-4 training jet plane of the Japan Air Self-Defense Force's (JASDF) Blue Impulse flight team at the JASDF base in Higashimatsushima, Miyagi prefecture, in this photo taken by Kyodo May 12, 2013 and released on May 16, 2013. REUTERS/Kyodo

Japan upgrades outlook as Abe's policies take hold

TOKYO - The Japanese government upgraded its assessment of the economy as emerging signs of an upturn in exports and factory output added to growing evidence that Prime Minister Shinzo Abe's aggressive polices are beginning to reignite growth.  Full Article 

North Korea fires fifth missile in three days 5:20am EDT

SEOUL - North Korea fired its fifth short-range missile in three days on Monday and condemned South Korea for criticizing what it said were its legitimate military drills. | Video

The U.S. national debt clock is displayed just after the opening session of the Republican National Convention in Tampa, Florida August 27, 2012.  REUTERS/Joe Skipper

Shrinking deficit reduces budget deal pressure

WASHINGTON - A sudden improvement in the outlook for the government deficit over the next decade has alleviated some of the pressure on lawmakers to act, and a spate of scandals has distracted Congress and the White House.  Full Article 

Shoppers walk past small shops at an underground mall in Zhuhai, neighboring Macau April 29, 2013. REUTERS/Staff

China's vast hot money triangle flourishes

ZHUHAI/HONG KONG - As China's economy matures and gains in sophistication, so too does a vast underground banking industry offering swift, cheap and low risk cross-border fund transfers - shifting hundreds of millions of dollars each day.   Full Article 

The clothing tag on a boy's shirt which is made in Bangladesh is shown after purchase from a Walmart store in Encinitas, California, May 14, 2013.  REUTERS/Mike Blake

Banned factory still makes Wrangler shirts

GAZIPUR, Bangladesh - A Bangladesh factory where Wal-Mart and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF Corp.  Full Article 

Free Syrian Army fighters prepare to raid a house in Daraa May 16, 2013. Picture taken May 16, 2013. REUTERS/Thaer Abdallah

Outlook dim as Syria diplomacy gathers force

AMMAN/LONDON - The world's diplomats will make a major new push in the coming days for negotiations to end Syria's civil war, but their chances of achieving a peace deal look as remote as ever.  Full Article 

The Trenton Water Depot in Trenton, North Dakota, is seen March 26, 2013.  REUTERS/Ernest Scheyder

Fight for North Dakota's fracking-water market

WATFORD CITY, North Dakota - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for fighting."  Full Article 

Reuters Today: Japan Has Little Interest in Stopping Yen Fall

May 20 - The yen edges up against the dollar on comments from Japan’s economics minister, but RBC’s Adam Cole says policymakers would show little concern if the dollar rose to 105 or even 110 against the yen.

Hugo Dixon

UK should get on front foot with City

Britain has been playing a defensive game in response to the barrage of misguided financial rules from Brussels. It now needs to sell the City as part of the solution to Europe's problems. The opportunity is huge. It could even help keep Britain in the EU.  Commentary 

Nicholas Wapshott

Austerity is a moral issue

Europe’s economic turmoil is dragging the world economy down. Despite this destructive display of unnecessary masochism, many Americans still demand that the U.S. sequester be allowed to continue slashing at public spending.  Commentary 

Zachary Karabell

Massive, open, online disruption

Massive, open, online classes are transforming higher education and saving students money. So why are so many administrators and professors scared? Because tech is about to disrupt their industry like it's changed so many others.   Commentary 

Anatole Kaletsky

The radical force of 'Abenomics'

The financial arithmetic of Abenomics means that tolerable stagnation is no longer an option for Japan. Will the radical steps taken by the government be enough to fix the country's economy?  Commentary 

David Rohde

Washington-gate

An increasingly polarized Washington is devouring its own. Ceaseless, take-no-prisoners political warfare, not nefarious White House plots, ravages government.  Commentary 

Jack Shafer

Why the underwear-bomber leak infuriated Obama

It wasn't the substance of the AP story that exasperated the government, but that the AP found a source or sources that spilled information about an ongoing intelligence operation and that even grander leaks might surge into the press corps’ rain barrels.  Commentary