The Reserve Bank of India (RBI) raised interest rates more forcefully than expected on Tuesday in the face of inflation that has held stubbornly above 10% for the past five months. (Read the article)

It is time to recognise that Greece is not just suffering from a liquidity crisis; it is facing an insolvency crisis too.Rating agencies have started to downgrade its public debt to junk level, while spreads on Greek sovereign bonds last week spiked to new highs. (Read the article)

The Ukraine government will take unpopular steps and raise energy prices to reduce the budget deficit and meet the conditions stipulated by the International Monetary Fund, Deputy Prime Minister Sergiy Tigipko told reporters on Wednesday. The budget deficit will fall to 4.99% of GDP this year, he said. (Read the article)

Ireland recorded the highest GDP growth rate in the EU during the first quarter of 2010, a new report said today. (Read the article)

FOR a moment in the spring, the existence of the euro seemed under threat. Strange, then, that during those weeks of deepening crisis, businesses and consumers exchanged euros for goods and services much as they had done since the currency was introduced. (Read the article)

The Russian economy is on the way back as GDP growth rises for four consecutive months in 2010. GDP figures are 2.4 per cent in June, 2.0 per cent in May. Representing the fastest growth since November 2008. (Read the article)

The Bank of Korea raised interest rates on Friday for the first time since the outbreak of the financial crisis and cemented market expectations of more tightening by predicting solid growth and higher inflation ahead. (Read the article)

The gold price could smash new records as investors pile into bullion on fears of a worsening economic outlook. The spot price today flirted with the all-time high of $1,264.90 (838.93 Pound) reached last week. (Read the article)

Japan's economy hit a bump in May, as industrial output fell on lower production of autos and other goods for export, underscoring the country's vulnerability to any further slowdown in overseas demand. (Read the article)

They are the pessimists, worrywarts and naysayers of today's turbulent markets. These are the guys who appear on CNBC peddling gloom and worry. They represent fear. (Read the article)

World leaders made bold pledges to cut their spiralling budget deficits but will probably fall far short of their lofty goals. (Read the article)

After two days of negotiations, leaders of the world's top 20 economies appeared open to a faster reduction in deficit levels over the next three years and also to cut debt, but over a slightly longer time frame. (Read the article)

The Chancellor will promise that everyone - from the richest to the poorest - will share the burden of defusing Labour's 155billion Pound deficit timebomb. (Read the article)

Jean-Claude Trichet said rules on borrowing needed to be much stricter, with tougher sanctions in place for countries that break the rules. (Read the article)

Canada thinks it can teach the world a thing or two about dodging financial meltdowns. (Read the article)

A new poll by Horizon Research Consultancy Group, China's largest polling firm, finds 60.8% of respondents believe China is experiencing "serious" inflation, a disquieting finding which suggests China's inflation problem may be more severe than official statistics indicate. (Read the article)

The Chinese yuan on Monday recorded its biggest single-day gain since its landmark revaluation in 2005 even as stocks and commodities soared from Tokyo to New York amid feverish excitement over China's promise at the weekend to revalue its currency against the dollar. (Read the article)

Hong Kong and Shanghai shares jumped around 3 percent on Monday as China scrapped its currency peg and allowed the yuan to rise, boosting confidence in the global economic recovery. (Read the article)

The annual rate of consumer price inflation rose to 3.1% in May, the National Bureau of Statistics said. (Read the article)

Brazil's central bank raised its benchmark interest rate for a second straight meeting to contain inflation as signs the economy is overheating prevailed over concern the European debt crisis may slow growth. (Read the article)

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