Credit rating agency Standard and Poor's said on Monday that it sees ‘at least’ a one-in-three chance of Greece exiting the euro zone in the coming months, an outcome which could lead the financially

Abu Yahya al-Libi, one of al-Qaeda's top strategists and seen as the most prominent figure in the network after leader Ayman al Zawahri, may have been killed in a drone strike in northwest Pakistan, P

J.P.Morgan says the depreciation in both nominal and effective terms of the rupee has already resulted in a 'substantial' loosening of monetary conditions in India.

The bank estimates the 10 per cent

Europe's debt crisis has frayed nerves around the world for months. Now signs of weakness in the U.S. jobs market and in Chinese factory output give policymakers even more reason to be afraid.

A dark

When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even deca

Britain's Queen Elizabeth joined an armada of 1,000 vessels and more than a million cheering spectators on Sunday to celebrate her 60th year on the throne with the most dazzling display of pageantry s

Rockets fired from a U.S. drone killed 15 people in northwest Pakistan on Monday, intelligence officials said, an attack likely to add to tensions between Washington and Islamabad amid a standoff over

The Reserve Bank of India (RBI) has some room to reduce policy rates following a moderate core inflation and soft global oil prices, a deputy governor said on Monday.

Brent crude prices fell below $98 a barrel to a 16-month low on Monday, pressured by fears of a global economic slowdown following weak U.S. and Chinese economic data.

Brent crude for July delivery d

Weather conditions are 'becoming favourable' for the arrival of India's 2012 monsoon rains over the Kerala coast in 48 hours, state-run India Meteorological Department (IMD) said in a statement on Mon