President Barack Obama and Indian Prime Minister Manmohan Singh agreed on Thursday on the need to buffer the global economy against risks from the European debt crisis, the White House said.

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Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved eurozone plan to help Spain's banks w

Developing countries should brace for a long period of financial market volatility and weaker growth as tensions rise over a worsening eurozone debt crisis, the World Bank said on Tuesday.

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The eurozone debt crisis, a Chinese slowdown and increased supply depressed oil prices in May but despite fears of a sharp drop, they still remain high and crimp growth, the IEA said on Wednesday.

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Airline industry group IATA warned on Monday global profits would more than halve in 2012 owing to surging oil prices and the eurozone crisis, with European carriers suffering losses of $1.1 billion.

Eurozone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and th

The BSE Sensex advanced to a one-month high at 16,893.81 in early trade on Monday on easing of eurozone debt worries, but eased later.

The 30-share barometer had opened higher at 16,804.89 points

Eurozone finance ministers agreed on Saturday to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits

Chief economic advisor Kaushik Basu has warned that if the Eurozone breaks up finally, it will be more disastrous than the 2008 global financial crisis triggered by the fall of the Wall Street banks,

High oil prices and the unresolved European debt crisis hitting the financial bottomline of the global aviation industry would be the major focus of debate at the World Air Transport Summit beginning