Asian stocks markets were thrown into a tailspin on Tuesday as flustered investors fearing a possible global recession continued to flee stocks. Indexes in South Korea and Hong Kong sank about 7 perce

A Standard & Poor's official said on Sunday there is a 1 in 3 chance that the US credit rating could be downgraded another notch if conditions erode over the next six to 24 months.

The credit rating

US Treasury Secretary Timothy Geithner slammed Standard and Poor's on Sunday as showing "terrible judgement" in downgrading the US credit rating for the first time ever.

"I think S&P has shown really

Indian stocks plunged deep into the red this morning as the Sensex lost more than 500 points within minutes of the market opening on concerns over the US losing its top-notch credit rating due to mounting debts.

A downgrade of US government debt sent equity shares tumbling in early trade today, with the BSE benchmark Sensex and the 50-unit S&P CNX Nifty hitting their lowest levels in nearly 14 months.

Th

After an over 500-point plunge within minutes of opening today, the stock market recouped more than half of its losses by mid-day as some investors saw buying opportunities in the meltdown triggere

India is in a better position than other countries to manage the impact of an uncertain global economic situation following the developments in the United States and the euro zone, the finance ministe

The Reserve Bank of India (RBI) Monday said the crisis emanating from downgrading of the US sovereign debt rating would have only limited impact on India and highlighted the Indian economy's resilienc

Hiring activity in the Indian IT sector, one of the biggest employers in the country, could fall by about one-fourth due to the downgrade of the USA's credit rating and the deepening economic crisis,

President Barack Obama's former economic advisor today warned of a new recession plaguing the American economy, even as he attacked the S&P's track record, which has downgraded country's credit ratin