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Eurozone, IMF reach deal to reduce Greek debt

The 17 European Union nations that use the euro have struck an agreement with the International Monetary Fund on a programme to reduce Greek debt and put Athens on the way to get the next instalment o

World Bank slashes East Asia-Pacific growth forecast


The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 per cent, down from 8.3 per cent in 2011, due to the fragile global economy.


IMF cuts India growth forecast to 6% for 2013


The International Monetary Fund will lower its forecasts for global economic growth to 3.3 per cent in 2012 and 3.6 per cent in 2013 from earlier forecasts of 3.4 per cent and 3.9 per cent respectivel

Euro remains weak amid Spanish worries


The euro remained weak in Asia on Thursday with investors seeking refuge in the safe-haven yen as anti-austerity protests in Spain and Greece raised fresh concerns over the eurozone debt crisis.


Fed stimulus plan spurs risk rally; dollar slips


The Federal Reserve's aggressive new plan to spark the U.S. economy boosted risk assets on Friday, sending global stocks to a 13-month high and driving the dollar to a more than four-month low against

Asian markets rise ahead of US Fed meeting


Asian markets rose and the dollar remained subdued against the yen on Wednesday ahead of a US Federal Reserve meeting most economists expect will deliver fresh stimulus to kickstart the economy.


IMF backs Draghi; says Spain, Italy have done enough


The International Monetary Fund on Sunday strongly backed the European Central Bank's plan to staunch the eurozone debt crisis with unlimited bond purchases, saying it was ready to get involved in des

Spain heads to full-blown bailout, willing or not


Willing or not, Spain is heading towards a full-blown bailout with IMF supervision, strict conditions and the threat of even more painful austerity cuts, analysts say.

Spain, the eurozone's fourth bi

Sensex gains 66 points on special trading day


Advancing for the third straight day, the Sensex gained 66 points during a special session on Saturday on sustained buying by investors amid ECB announcing a potentially unlimited bond-buying plan

Draghi gets ECB backing for unlimited bond-buying


The European Central Bank agreed on Thursday to launch a new and potentially unlimited bond-buying programme to lower struggling eurozone countries' borrowing costs and draw a line under the debt cris

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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.