Asian ministers say debt crisis threatens growth

Last Updated: Sunday, August 14, 2011, 00:47

Asian economic ministers on Saturday predicted a slowdown in regional economic growth this year amid the European debt crises and planned spending cuts in the United States.

Oil heads for 12% weekly drop as recovery falters

Last Updated: Friday, August 5, 2011, 11:32

US crude fell below USD 83 on Friday, heading for its biggest weekly drop since early May, as fears of a global economic slowdown drive investors to the exits in a commodities selloff that has erased the benchmark's 2011 price gains.

Asia joins global stock rout, safety sought

Last Updated: Friday, August 5, 2011, 09:18

Asian stocks tumbled as much as 5 percent on Friday after panic triggered the worst sell-off on Wall Street since the global financial crisis, prompting investors to slash positions and scramble for cash and government bonds.

Self-imposed fiscal prudence may lead to global slowdown: Tata

Last Updated: Monday, July 18, 2011, 18:57

Tata Group Chairman Ratan Tata has cautioned that "self-imposed fiscal prudence" to tackle inflation, mainly in India and China, could cause another global slowdown.