The worst floods in decades could knock down Pakistan's economic growth for fiscal 2010/11 to between zero and 2%, Pakistani officials said on Monday, fuelling concern about the country's stability. The Asian
Moody's Investors Service has downgraded Bahrain's local and foreign currency government bond ratings to A3 from A2, with a stable outlook, due to a gradual but significant rise in the breakeven oil
European shares rose on Monday, with miners up on hopes that the election results in Australia would end plans for a new mining tax, while Old Mutual gained after HSBC said it
Japanese Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa discussed the yen and agreed to work closely in a phone conversation on Monday, but Kan did not ask the
German Bund futures opened lower on Monday as investors booked profits after last week's record highs and turned wary ahead of euro zone Purchasing Managers' Index data and Belgian debt supply this
The U.S. dollar held steady on Monday, retaining most of the gains it made late last week when growing worries about the global economy prompted investors to park funds in the world's
HSBC will buy up to 70% of South Africa's Nedbank, in a potential $6.8 bln deal that would give Europe's largest lender a presence in Africa's largest economy and a gateway to
President Barack Obama revved up his effort on Saturday to curb corporate influence on U.S. political campaigns, chiding Republicans for keeping the public “in the dark” by opposing a reform bill. In
The Spanish football federation (RFEF) has dropped investigations into alleged match fixing by promoted La Liga club Hercules after being denied access to evidence from a separate judicial probe. Taped conversations, collected
The IMF said on Saturday it will review Pakistan's budget and economic prospects following catastrophic flooding during talks with senior Pakistani government officials starting on Monday. Pakistani Finance Minister Abdul Hafeez Shaikh
