World growth at risk as US employment stumbles
The world's economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise.
Moody's cuts Greek domestic rating ceiling on euro exit risk
Rating agency Moody's Investors Service said it had lowered its ratings ceiling on Greek domestic debt issuers due to the rising risk of the country exiting the eurozone, but added it did not consider
Wall Street sinks on U.S. jobs data, Dow negative for 2012
U.S. stocks fell more than 2 per cent on Friday, dragging the Dow into negative territory for the year after a dismal U.S. jobs report added to fears that Europe's spiraling debt crisis was dragging d
Rupee hits new record low of 56.50 against dollar
The rupee on Thursday tumbled by 26 paise to trade at a new all-time low of Rs 56.50 against the US dollar in early trade on increased capital outflows and strong demand from importers for the Amer
Gold on back foot as Spain woes pressure euro
Gold edged down on Wednesday as investors continued to fret about the eurozone debt crisis with Spain's borrowing costs spiralling towards unsustainable levels, keeping the euro close to its lowest le
Rupee again breaches 56-level against US dollar
Continuing fall for the third day in a row, the rupee on Wednesday again fell past the psychological level of Rs 56 against the US dollar in early trade on heavy demand for the American currency fro
Biggest Greek bank warns of dire euro exit fallout
If Greece left the euro, living standards would plummet, incomes would be slashed by more than half, and inflation and unemployment would skyrocket, the National Bank of Greece warned on Tuesday.
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Sensex down 113 points in early trade on profit-booking, weak Re
The BSE benchmark index Sensex on Wednesday declined by over 113 points in early trade as funds and retail investors booked profits after two sessions of gains amid weakness in the rupee, breaching
Ex-PM warns Greece risks running out of cash by June: Report
Former Greek prime minister Lucas Papademos warned Greece may run out of money by the end of June if international bailout funds are cut off following next month's election, a newspaper reported on Su
Spain region, Greek exit warnings rattle eurozone
Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the eurozone, Belgium's foreign minister said on Friday, rattling markets already alarmed by S