A top US official said the Dow Jones Industrial Average's 600 points plunge on Monday was not due to the downgrade of America's credit rating, but reflects the deep unease
Observing that America's economic recovery is proceeding at a moderate pace, US Federal Reserve Board Chairman Ben Bernanke on Wednesday said the central bank might need to intervene if policymakers
Finance Minister Pranab Mukherjee today said the global economic recovery is fragile and cautioned that emerging economies may not be as resilient in the face of another crisis.
"Countries are
Investors who bought stocks in early 2010 are in the red and many may be tempted to switch into cash — despite the risk that some central banks will renew
There is clear imprint of Prime Minister Manmohan Singh on the final economic strategy approved by G-20 leaders of industrialized and emerging countries.
G-20 that replaced G-8 as premier decision
Growing concerns over runaway inflation and signs of stable economic recovery may prompt the Reserve Bank to hike its key short-term lending and borrowing rates by up to 0.50
Finance Minister Pranab Mukherjee today hinted at further roll-back of stimulus measures announced in the wake of the global financial crisis, saying economic recovery offered room for such a move.
World energy producers and consumers pledged greater cooperation and called for transparent markets to tackle oil price volatility seen as damaging to economic recovery.
"With regard to energy market volatility,
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