President Barack Obama said on Friday the US economy was ‘getting stronger’ after the release of figures showing more than 220,000 new jobs were created last month.

Obama said that the data gave him

The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emerged from a record bankruptcy on Tuesday in a step toward the final chapter for the once-powerful Wal

Iceland began the trial on Monday of former prime minister Geir Haarde for failing to prevent a 2008 financial crash, thought to be the only prosecution in the world of a political leader over the cri

Italy's central bank chief on Saturday predicted that the eurozone's third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a ‘year of recession.’

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India and most of the developed world showed signs of better growth in December, but indicators point toward a slowdown in China, according to Paris-based think-tank OECD.

The latest finding by the

Europe's debt crisis could tip the world economy into recession and a bigger firewall is urgently needed to keep the damage from spreading, the International Monetary Fund said on Tuesday.

The IMF ch

Noted economist Joseph Stiglitz on Wednesday praised Indian economy's performance, saying the country had been doing a good job when institutions in the US and several other countries faltered.

"Indi

Warning of difficult months ahead, Finance Minister Pranab Mukherjee on Saturday said pressure on the rupee will continue and growth in the current fiscal is likely to be less than the earlier estimat

Despite a slew of launches and unveilings and keen interest from visitors at the 11th Auto Expo, carmakers do not expect the market to revive in the next three four months, though they are hopeful of

The Indian industry feels that its 'worst fears' are coming true and the global meltdown may snowball into a full-blown crisis in 2012, a FICCI survey said.

In the backdrop of uncertain economic outl