eurozone
Developed or developing? Try merging markets
Investors are criss-crossing the increasingly smudged line between emerging and developed markets as the eurozone crisis challenges traditional perceptions of a safe investment.
This blurring of dist
Moody's slashes Italy rating by two notches
US ratings agency Moody's downgraded Italy's government bond rating by two notches, citing the knock-on effects of a possible Greek exit from the eurozone and Spain's banking woes.
In reducing the ra
India GDP growth seen at 6.5 % in 2012: ADB
The Asian Development Bank (ADB) cut its growth forecasts for developing Asia on Thursday, saying financial and economic problems in Europe and the United States had cut demand for exports, although Southeast Asia remained a bright spot.
Spending on IT to hit $3.6 trillion in 2012: Gartner
Industry tracker Gartner on Tuesday said that worldwide spending on information technology (IT) was on pace to hit $3.6 trillion in 2012 despite trouble in the global economy.
The revised estimate by
India registered growth despite eurozone crisis, claims Chidambaram
Union Home Minister P. Chidambaram on Tuesday said that India has achieved the fastest growth after China amid global financial meltdown.
"We still remain one of the fastest growing economies of the
World business confidence cools, U.S. a bright spot
Global business confidence cooled in June as the eurozone debt crisis took its toll, though corporate sentiment in the United States held up better, a survey from financial information firm Markit sho
Greek government wins confidence vote, bigger battles loom
Greece's new conservative-led government won parliamentary approval on Monday, but faced the much tougher task of convincing European partners and the IMF to give it more time to meet the terms of its
Global tech market growth stabilising - Gartner
Growth in technology spending by companies and the public sector is stabilising at much lower levels than in 2011, due to economic worries in many key markets, research firm Gartner said on Monday.
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Greece says will carry out reforms, privatisations
Greece's new finance minister on Saturday pledged to carry out reforms and privatisations demanded under its latest financial rescue in an attempt to regain credibility with international partners stu
Eurozone deal effective but costly: Moody's
A deal reached last month by eurozone leaders will reduce short-term risks for the regional economy but at a higher cost for wealthier members, ratings agency Moody's estimated on Thursday.
"The meas
