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China acts to boost loans, bolster flagging economy

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China's central bank cut the amount of cash that banks must hold as reserves on Saturday, freeing an estimated 400 billion yuan for lending to head-off the risk of a sudden slowdown in the world's sec

Greek President makes last push to avert elections

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Greece's president will meet party leaders on Sunday in a final bid to cobble together a coalition and avert a repeat election, but the veteran politician's effort looked set to fail because of deep s

Mexico volcano spews huge ash cloud, frightens villagers

Mexico's Popocatepetl volcano spewed out huge clouds of ash and fiery rock overnight, closing a local airport on Saturday and frightening nearby villagers, already on edge after weeks of increased act

Djokovic toppled by Tipsarevic in Madrid Open

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Novak Djokovic's frustration with the controversial blue clay at the Madrid Masters reached new heights after the world number one was beaten 7-6 6-3 by fellow Serb Janko Tipsarevic in the quarter-fin

LIC, IL&FS sign pact for $2 billion infra debt fund

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Life Insurance Corp (LIC) and Infrastructure Leasing and Financial Services (IL&FS) on Friday signed a pact to set up a debt fund with a corpus of $2 billion to finance infrastructure projects in Asia

Is America's JPMorgan too big to manage?

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JPMorgan's surprising $2 billion trading loss begs a post-financial-crisis question: Are America's biggest banks simply too big to manage?

Washington policymakers have largely focused on whether bank

U.S. lawmakers want Haqqani named 'terrorist' group

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The leaders of congressional intelligence committees, who recently returned from a trip to Afghanistan, urged Secretary of State Hillary Clinton on Friday to immediately designate the militant Haqqani

Greek Socialist fails to form government, vote beckons

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Greek Socialist leader Evangelos Venizelos on Saturday becomes the last political leader to throw in the towel after failing to cobble together a government, leaving the country's president with one f

Big-wave surfer enters record books by riding 78-foot 'monster'

Big-wave surfer Garrett McNamara has been recognized by Guinness World Records for surfing the largest wave ever ridden, a towering 78-foot (24 -meter) wall of water he says he caught at Nazare, Portu

Global manufacturers go local in cost-wary India

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At the opening ceremony for Daimler AG's $850 million India factory, chairman Dieter Zetsche stepped down from the cab of a gleaming yellow 25-tonne truck with scaled-down horsepower, a stripped-back

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.