India and China today held high- level comprehensive dialogue on a host of financial issues to identify areas of convergence to step up their cooperation in the international and bilateral

The German cabinet has approved drastic spending cuts to rein in the national budget despite a stronger than expected turnaround in the economy.

The centre-right coalition government of Chancellor Angela

The British economy expanded at a faster pace than expected clocking a growth rate of 1. 2 per cent in the second quarter of 2010 boosted by robust

The World Bank has agreed to provide give a USD 900 million financial aid to Pakistan which is facing devastating flood that has affected 14 million people.

"The Government of

China has overtaken Japan to become the world's second-largest economy after the United States, the country's chief currency regulator said in remarks published on Friday.

The economy expanded 11

The South Korean economy grew 1. 5 per cent in the second quarter from three months earlier on robust exports and improved consumer spending the central bank said today

That warm glow and soft purring emanating from South Korea was the International Monetary Fund trying, yet again, to put the Asian financial crisis behind it.

The IMF needs Asia

Three US financial services majors -- Citigroup, JPMorgan Chase and Bank of America -- shelled out more than USD 1 billion in the June quarter towards employee bonus tax levied