Gold regained strength on Wednesday, although concerns European leaders would fail to come up with concrete measures to solve the region's debt crisis could prompt a flight to the safety of the U.S. d

German Chancellor Angela Merkel resisted pressure on Friday for common eurozone bonds or a more flexible use of Europe's rescue funds but agreed with leaders of France, Italy and Spain on a 130 billio

The International Monetary Fund has warned of significant risks to the world economy from the European debt crisis and excessive fiscal tightening in some rich nations, urging collective action to low

Europe won support from world leaders on Tuesday for an ambitious but slow-moving overhaul of the eurozone, even as pressure built in financial markets for quicker solutions to its debt crisis that th

India may not be called upon to inject USD 10 billion (Rs 55,000 crore) it has committed to the IMF for bailing out debt-wrecked eurozone if the global economic situation improves.

"The amount

Asia's top companies are less upbeat on their business outlook than in the first quarter, with mounting concern over the eurozone crisis and a slowdown in China's growth, according to the latest Thoms

Leaders of emerging economies said on Monday that they wanted the IMF to put in place reforms to increase their influence before they step up contributions to a fund to prevent future crises.

Leaders

India and Russia each pledged $10 billion on Monday for an IMF firewall meant to prevent future crises, marking a new level of commitment by emerging economies as they seek a greater voice.

At a summ

Led by China, emerging economies pledged huge sums to the International Monetary Fund's global firewall on Monday, helping it raise $456 billion in resources as the eurozone crisis rages.

In a clear

In an election crucial for Greece, Europe and the world, exit polls on Sunday showed the two top contenders in Greece to be neck-and-neck.

The outcome of Sunday's vote could determine whether Greece