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Worrying clouds have developed on horizon: Pranab

Last Updated: Sunday, September 25, 2011, 12:50

Observing that the developing world withstood the economic turmoil of 2008 in a commendable fashion, Finance Minister Pranab Mukherjee on Saturday warned that worrying clouds have developed on the horizon even as countries recover from the crisis.

Crisis looming, think out-of-the-box: Mukherjee to World Bank

Last Updated: Sunday, September 25, 2011, 11:42

Indian Finance Minister Pranab Mukherjee on Saturday said the World Bank needs to find ways to improve its capital base so that it can enhance lending to developing countries, underlining that with another crisis looming, prioritisation of activities is the need of the hour.

IMF resources weak for potential crisis needs: Lagarde

Last Updated: Sunday, September 25, 2011, 09:03

The International Monetary Fund's financial resources would not be enough to meet potential crisis needs, IMF chief Christine Lagarde said on Sunday.

ArcelorMittal faces recession fitness grilling

Last Updated: Friday, September 23, 2011, 16:54

ArcelorMittal, the world's largest steelmaker, will face questions about its response to the sharp global downturn on Friday at its first business review since last month's stock market crash.

G8 pledges $38 bln to four Arab nations

Last Updated: Saturday, September 10, 2011, 17:16

Group of Eight finance chiefs gathered in southern France on Saturday will pledge USD 38 billion in financing to Tunisia, Egypt, Morocco and Jordan over 2011-13, a G8 source told media.

Germany rebuffs renewed euro bond debate

Last Updated: Saturday, August 20, 2011, 22:51

Germany on Saturday rebuffed renewed calls that euro zone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.

Downturn’s positive effect: Carbon emissions fall

Last Updated: Monday, September 21, 2009, 10:01

Greenhouse gas emissions have fallen thanks to the global downturn, handing the world a chance to move away from high-carbon growth, a report said Monday, citing an International Energy Agency study.