The tentative deal involves a $2.4 trillion reduction in government spending over the next 10 years and a $2.1 trillion hike in government's borrowing limit.

India-Japan free trade pact comes into effect

01 Aug 2011

The CEPA will bring immediate gains to export of textiles, seafood and spices from India while opening up market for other agricultural products and the service sector.

US debt plan hangs fire as Senate defeats Republican bill

30 Jul 2011

Japanese government unveils aggressive spending plan

30 Jul 2011

India to pay for Iranian crude through Turkish bank

29 Jul 2011

India and Iran may resolve a niggling dispute over arrears for crude shipments that have accumulated over a seven month-long period, by clearing payments through a Turkish bank.

Dianne Farrell to lead America inc's infrastructure push in India

29 Jul 2011

Farrell, who recently completed her term as director on the board of the US Exim, had tirelessly strived to promote India as a primary market for US goods and services.

Apple has more cash in hand than the US government

29 Jul 2011

Going by the figures released by the US Treasury department, technology bellwether Apple Inc has more cash in hand than the US government

Obama calls for `Plan B' as US debt talks deadlock

27 Jul 2011

Even if the government borrowing stays within limit, rising deficits could still result in downgrade of the US economy, which could push it further into a debt trap.

Greece's second bailout to have 'limited' impact of debt burden: Moody's

26 Jul 2011

Greece to get €109-billion bailout

22 Jul 2011

Eurozone leaders agreed late yesterday that Greece should receive a new €109-billion bailout, and decided that banks should add another €37 billion. They took steps to ensure that euro debt crisis did not spread to Italy and Spain.