Sarkozy, Monti urge unity over euro crisis
Italian Prime Minister Mario Monti warned the European Union on Friday not to let divisions over managing its debt crisis blow up into serious splits, and French President Nicolas Sarkozy warned that
World economy to trudge on in 2012 despite Europe
Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction.
RBI governor sees growth below 7.6% in fiscal 2012
India's economy is likely to grow less than 7.6 per cent this fiscal year and the RBI's aim to bring inflation down to 7 per cent by the end of March faces uncertainty over the rupee, oil prices, and the euro zone debt crisis, Reserve Bank of India governor Duvvuri Subbarao said on Thursday.
Dollar rises after Kim Jong-Il's death
The dollar rose against other currencies on Monday following news that North Korean leader Kim Jong-Il had died, which sparked worries over instability in the reclusive state.
The greenback gained gr
France giving Britain a 'good kicking': deputy PM
France is giving Britain a 'good kicking', deputy premier Nick Clegg said in an interview out Saturday, as the spat over each other's economies rumbled on.
Clegg warned against lurches into xenophobi
'India should have more restrained fiscal deficit'
Noting that India's current account deficit has become 'too enlarged', a Planning Commission member on Saturday called for a more restrained fiscal deficit.
"Our current account deficit has become mu
BRICs buffeted by euro storm but stay on course
A sudden stop to growth in Brazil. Rising political risk in Russia. A slide in India's rupee to a record low. A marked slowdown in growth in China.
Have big emerging markets had their day? After all,
India's central bank tipped to hold rates
India's central bank is likely to keep interest rates on hold this week, analysts and economists said, as policymakers prepare to meet amid fresh signs of a slowdown in the fast-growing economy.
The
Euro hovers close to one-year low against dollar
The euro moved towards a one-year low against the dollar in Asian trade on Wednesday, amid questions over Europe's ability to contain its sovereign debt crisis.
The unit, which fell below $1.31 in Ne
Europe forges fiscal union, sees way out of crisis
Working almost to exhaustion and persuading countries one by one, European leaders agreed on Friday to redefine their continent — hoping that by joining their fiscal fortunes they might stop a crippli