Mauritius is cutting its foreign reserve exposure to the U.S. dollar and the euro due to debt concerns in both regions by purchasing commodity currencies and is eyeing government securities from some of the BRIC nations, it said on Monday.
In the guessing game of which Asian sovereign credit will be downgraded next, after the United States this weekend, Japan is almost everyone's top pick, and not simply because its debt burden and messy politics are as bad if not worse than America's.
In the guessing game of which Asian sovereign credit will be downgraded next, after the United States this weekend, Japan is almost everyone's top pick, and not simply because its debt burden and messy politics are as bad if not worse than America's.
India is in a better position than other countries to manage the impact of an uncertain global economic situation following the developments in the United States and the euro zone, the finance minister said on Monday.
A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor's said on Monday.
The rioting in Tottenham, north London comes three decades after the deadly summer of 1981 when cities across England witnessed massive civil unrest.
A U.S. group of executives and ex-athletes seek to bring American-style football to India
Corrupt practices, nepotism, imagery and an inadequate education system responsible for lack of scientific spirit
China bluntly criticised the United States on Saturday one day after the superpower's credit rating was downgraded, saying the "good old days" of borrowing were over.
The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
Join Winne the Pooh - the world's Ambassador of Friendship- in celebrating old and new friends around the world with these fun quotes, games and activities.
For more than a century, mysterious crop circles have baffled scientists and farmers with its complex patterns and sophisticated shapes.
Investors scrambling for cover during the U.S. deficit and debt ceiling talks and Europe's ongoing sovereign debt crisis sold stock funds and bought emerging market debt and commodities, data from EPFR showed on Friday.
Instead of plunging headfirst to their death in a pot of boiling water, 534 live lobsters escaped the dinner plate and belly flopped to freedom into the dark waters of the Atlantic Ocean.
Child marriage, which steals the innocence of millions of girls worldwide and often condemns them to lives of poverty, ignorance and poor health, is one of the biggest obstacles to development, rights groups say.
Her fate looked sealed when her family began organizing the nuptial celebrations. But the bride-to-be, a shy schoolgirl from a remote village in western India, wasn't ready to say "I do."
China's top official newspaper on Friday dismissed as irresponsible suggestions Beijing was the state actor behind massive Internet hacking of governments and companies that security company McAfee this week said it had discovered.
China's top official newspaper on Friday dismissed as irresponsible suggestions that Beijing was the state actor that security company McAfee said this week was likely behind massive Internet hacking of government and companies.
A five-year campaign 'Operation Shady RAT' that compromised networks in 72 major organizations around the world, including several governments, ASEAN, IOC and the world anti-doping agency, made news Tuesday. Government agencies in India, South Korea, Taiwan, and the U.S. were attacked, plus high-profile targets like the International Olympic Committee.
Security experts have discovered an unprecedented series of cyber attacks on the networks of 72 organizations globally, including the United Nations, governments and corporations, over a five-year period.
Minister Dipu Moni accused The Economist of waging a ?smear campaign? against the Dhaka government.
It is not known where she has gone for surgery