After years of pressure to take a greater role in global affairs, China and India have stepped up by contributing to a new IMF emergency fund -- from which the United States is absent.

China, India a

India may not be called upon to inject USD 10 billion (Rs 55,000 crore) it has committed to the IMF for bailing out debt-wrecked eurozone if the global economic situation improves.

"The amount

Russian President Vladimir Putin reiterated Moscow's strong opposition to the U.S. missile defence system on Tuesday, saying that President Barack Obama's re-election would not end the dispute and ins

Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the eurozone, even as pressure built in financial markets for quicker solutions to its debt crisis that th

After searching for months for cash, the IMF looks able to firm up a huge emergency 'firewall' fund for crisis prevention after China said on Sunday that big emerging economies would chip in.

A day b

As G-20 leaders meet Monday in the shadow of an ailing global economy and lingering eurozone crisis, Prime Minister Manmohan Singh is expected to ask European leaders to devise swifter solutions so th

India's economic woes have not gone out of hand in the wake of the slip in the GDP growth -- the lowest in nearly 9 years -- but there could be trouble if the Eurozone crisis is not quickly contain