Spain's policy will create jobs: Germany

Last Updated: Monday, July 23, 2012, 10:10

The head of German diplomacy said he was "absolutely convinced" that Spain will overcome its present difficulties and will again take advantage of the "competitiveness" that many of its companies have.

Bill Clinton calls for support to Greek economy

Last Updated: Monday, July 23, 2012, 08:50

During a meeting with Prime Minister Antonis Samaras, Clinton said, "I believe that together, we can do something to help you."

Euro nations seal $122 bn bailout deal for Spanish banks

Last Updated: Saturday, July 21, 2012, 15:33

Finance Ministers of the 17-nation euro group finalised the details of a financial support for Spanish banks in a video conference on Friday, a day after the German parliament endorsed the rescue plan with a large majority.

Europe's economic crisis hits India-France bilateral trade

Last Updated: Wednesday, July 18, 2012, 10:57

Eurozone crisis has hit the India-France bilateral trade and it would be difficult to achieve the USD 12 billion target (of the trade) this year, French Ambassador to India, Franois Richier, has said.

Moody's downgrades Italy bond rating to Baa2, outlook negative

Last Updated: Friday, July 13, 2012, 09:48

The firm lowered Italy's bond rating to Baa2, two levels away from junk territory, from A3. The outlook remained negative, reported Xinhua.

4.5 mn jobs at risk in Eurozone in four years: UN

Last Updated: Thursday, July 12, 2012, 12:01

The 17-nation Eurozone faces a further loss of 4.5 million jobs, prolonged recession and social unrest over the next four years, the UN has warned in a new report.

Eurozone risks losing 4.5 mn jobs over next four years: UN

Last Updated: Wednesday, July 11, 2012, 23:23

The Eurozone, grappling with a severe financial crisis, may lose over four million jobs in the next four years if prompt action is not taken to reform the financial systems, the United Nations has warned.

Spain govt announces $79 billion austerity package

Last Updated: Wednesday, July 11, 2012, 12:51

Spain's government on Wednesday announced a 65 billion euro (USD 79.85 billion) austerity package to be shaved off the state budget over the next two years by hiking sales tax and cutting on spendings.

India registered growth despite eurozone crisis: Chidambaram

Last Updated: Tuesday, July 10, 2012, 16:02

Chidambaram expressed confidence that the country will continue to be one of the fastest growing economies of the world.

Global FDI rises 16% in 2011; this year may see a slower increase : Report

Last Updated: Friday, July 6, 2012, 12:45

Despite the ongoing eurozone crisis, global foreign direct investment (FDI) increased by 16 percent to USD 1.536 trillion in 2011, a UN report sai

Textiles Min asks exporters to widen their market reach

Last Updated: Thursday, July 5, 2012, 20:13

The Textiles Ministry on Thursday asked exporters to widen their reach, mainly in eastern countries, to reduce dependence on major markets like the US and Europe which are facing sluggish economic growth.

Britain to close borders if eurozone collapses

Last Updated: Wednesday, July 4, 2012, 19:15

Britain will close its borders to people from countries like Greece if the eurozone -- the group of 17 countries which use the euro as their common currency -- collapses, British Prime Minister David Cameron has said.