The BSE Sensex fell 0.6 percent on Friday, posting its biggest weekly fall in nearly three and a half months, as fresh concerns about the European debt crisis compounded lingering worries over weak do

World stocks dipped to a one-week low on Thursday and the euro held near a five-week trough while safe-haven German bonds rose, as concerns grew over spillover damage to U.S. banks from the euro zone

The world's wealthiest families have embarked on damage limitation rather than seeking to boost their fortunes as financial turmoil erodes their riches, with some so worried they are putting their mon

Growing economic uncertainty may slow down hiring activities in a host of sectors, but the IT space is likely to remain unaffected and NRIs returning home due to the gloom in Western markets might eme

The wealthy and corporations must pay their 'fair share', US President Barack Obama said on Monday, laying out a $3.0 trillion deficit cutting plan, half to be financed by tax hikes on the rich.

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The financial turmoil gripping the world has had little effect on wealth in China, where an ongoing economic boom keeps creating new US dollar billionaires, Forbes magazine said on Thursday.

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Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.

It also found many of the companies spent more on l

Moody's on Wednesday downgraded the sovereign rating of world's third largest economy, Japan, citing concerns about spiralling government debt.

Global rating agency Moody's has cut down Japan's ratin

Standard & Poor's president Deven Sharma is stepping down, its parent company announced Tuesday, just weeks after the credit rating agency cut the US sterling AAA rating and sent global markets into t

Standard & Poor's is confident France will maintain its top AAA credit rating, the agency's European chief said today, amid rumours of a possible downgrade amid intensifying eurozone debt strains.

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