China's annual consumer inflation cooled faster than forecast to two-year lows of 3 per cent in May, helping explain the central bank's move to cut interest rates this week for the first time since th

Banks need a radical overhaul to boost profitability against the backdrop of tougher new rules and a grim economy - and they expect their customers to share some of the pain.

That is the view of bank

A bailout for Spain's teetering banks, once requested by Madrid, could amount to as much as 100 billion euros, two senior EU sources said on Saturday.

Spain has not yet made a formal request for Euro

India plans a roadshow next week in five Gulf countries to attract sovereign funds and other investors to help revive slowing growth in Asia's third largest economy.

A rapid pace of more than 9 per c

U.N. monitors came under fire in Syria on Thursday while trying to investigate reports of a new massacre that raised the pressure on world powers struggling to halt the carnage and save a peace plan f

The former president of Fukushima plant operator Tokyo Electric Power Co faces questioning for the first time on Friday by a high profile investigative panel seeking to uncover the causes of the world

Billionaire Mukesh Ambani admitted disappointment over the D6 block, Reliance Industries' flagship gas field, but remained upbeat in front of shareholders of his Reliance Industries, whose falling sto

German Chancellor Angela Merkel said Europe was ready to act to ensure stability in the eurozone as Spain's credit rating was cut by three notches on Thursday amid expectations it may soon seek EU hel

U.N. Secretary-General Ban Ki-moon warned the Security Council on Thursday that a full-blown civil war in Syria was 'imminent,' while international mediator Kofi Annan said it was time to step up the

Global cheers over China's decision to cut interest rates faded on Friday as investors and economists worried that the move signalled the impending release of grim economic data.

China's surprise rat