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Economic environment in 2013 will not be easier: Merkel

Last Updated: Tuesday, January 01, 2013, 12:02

German Chancellor Angela Merkel has cautioned citizens to be prepared for tough times ahead in view of a deteriorating economic situation.

India for quick resolution of EU sovereign debt crisis

Last Updated: Friday, May 18, 2012, 15:11

Worried over slow global economic recovery, India has made a case for quick resolution of the sovereign debt problems of Europe to remove uncertainty in financial markets and promote investor confidence.

Nikkei hits 5-week high on hopes of more IMF funds

Last Updated: Thursday, January 19, 2012, 09:20

Japan's Nikkei share average hit a five-week high on Thursday and climbed above its 75-day moving average, boosted by optimism that the International Monetary Fund may raise additional funds to help fight the eurozone sovereign debt crisis.