INDIA

Crude oil futures declined on Tuesday amid concerns that Spain's banking bailout may not be enough to rescue the country from the financial crisis.

The Index of Industrial Production for April rose just 0.1 percent, corroborating fears that economic slowdown will persist in the current quarter.

Asian stocks fell Tuesday as optimism on the 100 billion euro ($125 billion) aid for Spanish banks faded, and markets failed to uphold the gains made Monday.

Argentina wants to negotiate a handover of the islands to Buenos Aires, while London adamantly refused to do any such thing.

Since the eruption of violence, 500 houses have been burned or razed in the region, while 5,000 people have become homeless.

Credit rating agency Standard and Poor's (S&P) Monday said that India could lose its investment grade rating due to its weak GDP growth rate and political roadblocks to economic policymaking.

Google was targeted for unethical and anti-competitive business practices once again when a non-profit organization working on public interest issues filed a complaint against the search engine giant with the anti-trust body, Competition Commission of India (CCI), Friday. This comes at a time when Google India is already facing a formal probe on a similar complaint filed by an Indian matrimonial site.

Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country.

Stressing on the strengths of the Indian economy, Finance Minister Pranab Mukherjee said that the economy would bounce back in the current financial year as there was strong growth in the mining sector.

Asian markets rose Monday as investors were encouraged by the announcement of the Spanish bank aid deal and a report of less worrisome data from China over the weekend.

With Air India considering a tough stand against the striking pilots, India's Aviation Minister Ajit Singh said Monday that the state carrier's management would have to come to a decision on the issue soon.

Former Goldman Sachs Group Inc board member Rajat Gupta, who is on trial over insider trading charges, has decided not to take the risk of testifying in his own defence.

The rupee weakened on Friday on worsening global risk sentiment, but posted its first weekly gain against the dollar in more than two months as the local currency recovers from oversold conditions.

Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.

The Reserve Bank of India is expected to ease rates at the forthcoming mid-quarter review June 18 to lift constraints on lending as it seeks to tackle the shortage of cash in the banking sector and the slowing economy.

Asian markets rose this week amid hopes that policy makers would take concrete measures to tackle the financial crisis and regain the economic growth momentum.

The world's economies have fallen to their weakest level since the recession officially ended in 2009. German and U.S. bonds actually charge buyers interest rather than pay buyers interest. The euro zone's survival appears at genuine risk and China's red-hot economy, the second-biggest in the world, is not so red hot any more.

U.S. military strategy of continued drone strikes to fight the insurgents in Pakistan and Afghanistan once again stood accused of violating international law, this time by the U.N.'s human rights chief, Navi Pillay, and Afghan President Hamid Karzai.

Asian markets fell Friday as investors were disappointed with U.S. Fed Chairman Ben Bernanke's lack of a commitment to additional monetary easing measures in his congressional testimony on the country's economic outlook.

Several travel agencies in China are reporting that foreigners have been banned from traveling to the Tibet Autonomous Region, the Chinese name for Central Tibet.

Punters in London pubs say the power station is cursed, but its latest purchase is far from extraordinary. The influx of Asian and Arab investors to England -- as well as to the United States, France, Greece and elsewhere -- is emblematic of the current economic state of the world.