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Debt crisis

`Pakistan State Oil near bankruptcy due to energy debt crisis`


Continuous cash flow problems due to a debt crisis in the energy sector has brought Pakistan`s only ...

Dutch vote in an election crucial for debt crisis


Dutch voters are set to elect a new parliament Wednesday.

Slovenia votes under cloud of eurozone debt crisis


Slovenians voted in snap elections with centre-left Prime Minister Borut Pahor expected to become th...

Merkel, Cameron to meet amid growing friction


Angela Merkel will host Prime Minister David Cameron for talks Friday amid growing friction over how...

Italy`s Monti aims to stay until 2013


PM-designate Mario Monti will Tuesday meet the leaders of Italy`s biggest two parties to discuss the...

Berlusconi won`t run for next elections


Once Berlusconi resigns, Italian President Giorgio Napolitano will begin political consultations to ...

Greek PM cancels US trip as debt crisis deepens


Papandreou was in London, en-route to United Nations and IMF meetings, when he decided to turn back.

US a ‘parasite’ on the world economy: Putin


The US spends beyond its means and "lives like a parasite off the global economy", Russian PM said.

EU calls emergency meeting as crisis stalks Italy


European Council President Herman Van Rompuy has called an emergency meeting of top officials to dis...

Portugal unveils cabinet to fight debt crisis


Portugal`s new Prime Minister Pedro Passos Coelho unveiled a slimmed-down cabinet and appointed se...

Greek PM reshuffle plan in doubt as deputies quit


A string of parliamentary resignations threw Greek PM`s plan to reshuffle cabinet into disarray.

Obama warns on debt at Merkel talks


US President warned Europe`s debt crisis must not destabilize the global economy.

Irish premier won`t quit over Ireland debt crisis


Cowen said he was confident of winning the secret-ballot vote.

Greek protesters to confront thrifty government


Unions vow to hold rallies against possible new spending cuts by the govt.

Dubai sets up panel for Dubai World debt settlement


Dubai has set up of a tribunal to settle all financial disputes between Dubai World, which is seekin...

Abu Dhabi bailout gives Dubai respite, not much more


Abu Dhabi`s eleventh-hour bailout of neighbour Dubai will reassure investors in the short term, but ...

D-Day nears for Dubai`s $3.5 billion debt hurdle


Heavy rain pounded Dubai on Sunday adding to the gloom of the emirate`s debt woes a day before the d...

Dubai World $26 bn debt plan soothes contagion fears


Efforts by Dubai World to restructure about USD 26 billion in debt out of the estimated USD 59 billi...

Dubai crisis: Making mountain out of molehill?


Amid a pall of gloom over millions of families across India-- dependent on regular remittances from ...

Dubai debt crisis not to snowball into another meltdown: PMEAC


The Prime Minister`s economic panel does not expect the Dubai debt crisis to trigger another meltdow...

Dubai World`s impact on India to be limited: Experts


The impact of the Dubai World crisis on India`s economy would be limited and the authorities there w...

Dubai as finance hub faces first test


Dubai`s ambitions to become an international financial centre are in doubt after the shock announcem...

Dubai mulling new law to protect property investors


Dubai is considering enacting a law to protect the rights of real estate investors in the Emirate.

Dubai crisis will not affect NCCL: Murthy


City-based Nagarjuna Construction Company Limited (NCCL) has said that the Dubai debt crisis will no...

Dubai triggers `overdue correction` in stocks: Pimco


Rising fears of a possible debt default at a Dubai state-owned conglomerate is the catalyst for an "...

Abu Dhabi banks have big Dubai exposure: Bank execs


Years of chasing business in Dubai`s property boom means Abu Dhabi banks have built up an exposure t...