The world's giant emerging economies have no magic wand to resolve the euro zone's debt problems, but a contribution to its stabilization could still prove powerful, help avert market panic and reap significant non-financial rewards.
After gold's 10-year winning streak shattered all but the most bullish forecasts, it takes a brave man to call for a correction. It takes an even braver man to do so at the year's biggest bullion conference.
Authorities in eastern India will start culling chickens and destroying eggs to contain a new outbreak of H5 bird flu, the government said in a statement on Tuesday, as a mutant strain of the virus is spreading elsewhere in Asia.
Electro-mechanical projects firm Voltas Ltd is in advanced talks to buy the water purification and treatment business of India's No.3 software services exporter, Wipro Ltd, The Times of India said, citing unnamed sources close to the development.
Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.
Europe will come under heavy pressure this week to stem its deepening debt crisis but talks among the self-proclaimed guardians of global finance are unlikely to yield bold action.
Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
An outbreak of avian influenza (bird flu) has been confirmed in West Bengal, India as Prime Minister Manmohan Singh races to coordinate preventative measures.
Google+, the social network that was invite-only for some time, has announced it is now an open platform for anyone and everyone to join.
A new outbreak of the H5 strain of avian influenza (bird flu) has surfaced in West Bengal, India.
Six thousand troops have been deployed to the India-Nepal border, where a 6.9 magnitude earthquake hit Sunday night. The current death toll has risen to 90 people, about 50 from the Indian state of Sikkim, along with others in Nepal and Tibet.
The so-called Apple iPhone 5 release saga is getting twisted every other day with new rounds of rumors. With the most highly anticipated product launch nearing day by day, the rumor mills seem to get intensified even more.
The new BCCI president N. Srinivasan on Monday ruled out any formal inquiry into the team's abysmal performance on their tour of England.
The proposed food security bill will likely cost an annual 1 trillion rupees ($20.7 billion), the Financial Express quoted the food minister as saying, as the government looks to scale up production and storage of subsidised grain to feed more of the country's poor.
The Central Bureau of Investigation (CBI) is considering filing a case or multiple cases against Reliance Industries over its operations of its gas block in the Krishna Godavari (KG) basin, the Mint reported on Tuesday.
Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.
Three successive earthquakes hit Guatemala on Monday, shaking buildings as far as 30 miles away and inciting landslides and public panic. At least one person was reportedly killed.
None of India's 20 nuclear power plants were disturbed by the earthquake, officials said Monday. The nuclear facility closest to the quake's epicenter is the Narora Power Station, some 800 miles to the west. The quake hit Sunday night, and the death toll has reached 74 people.
Due to low demand, the world's largest sperm bank, Cyros International, claims that it can no longer accept donations from redheads.
The BRICS emerging market powerhouses have already bought debt through the European Financial Stability Facility and could buy more, a potential help to struggling euro zone economies, a Brazilian newspaper reported on Monday.
There have been a number of high-profile earthquakes in the last month, including ones in India, Japan, Cuba, Indonesia and the United States. Here are the ten worst quakes over the past 100 years.
