Globalisation has ensured that the Indian economy and financial markets cannot stay insulated from the present financial crisis in the developed economies. (Read the article)

US Treasury Secretary Henry Paulson's plan to end the rout in US financial markets may derail the dollar's three-month rally as investors weigh the costs of the rescue. (Read the article)

I finally got back to Beijing on Monday, but after an interesting lunch with a group of pessimistic Brazilian hedge fund managers who were concerned about financial fragility in China and its impact on Brazilian markets, (Read the article)

Asian stock markets posted sharp gains Sept. 19 as investors grew more confident that stepped-up government efforts to contain the damage caused by the U.S. credit crunch would be effective. (Read the article)

The US treasury secretary has said rescuing the troubled US financial sector will cost "hundreds of billions" of dollars. Henry Paulson made the remarks on Friday after Asian and European markets soared (Read the article)

Brazil's central bank was expected to increase interest rates last night, after the country reported stronger than expected growth in the second quarter. The government is likely to be delighted with the growth figures, which exceeded most analysts expectations. Gross domestic product surged by 6.1 per cent compared with the second quarter of 2007....... (Read the article)

Setting aside legitimate concerns about the ultimate cost and the debate over whether free market capitalism has a future, investors are wondering if an unprecedented level of government intervention has put a floor under the stock market. The early returns are good. (Read the article)

The gold market rumbled and shot hot prices into the air. Alert investors knew what the shaking was all about. Our modern financial Vesuvius is beginning to boil... You will recall the story of Pompeii. The mountain began groaning...and sending up clouds of smoke. Smart residents took to their boats. (Read the article)

The country's economic crisis has further deepened as the rupee on Thursday traded at a record low of 77.72 to a dollar and the foreign exchange reserves fell below $9 billion. The rupee weakened on Thursday because of the global financial crisis and concerns over tensions between Pakistan and the United States over US attacks in Pakistan, (Read the article)

Money, money everywhere, but no one wants to lend. Global markets continued to feel the effects of a liquidity squeeze, as yield spreads extended to record wide levels and interbank lending slowed to a crawl. The squeeze prompted the Federal Reserve, along with other central banks from Europe and Asia, to step in with a coordinated plan to bolster liquidity on Sept. 18. (Read the article)

Gold prices exploded Wednesday - posting the biggest one-day gain ever in dollar terms - as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying. Gold for December delivery rose as much as $90.40, or 11.6 percent, to $870.90 an ounce in after-hours trading on the New York Mercantile Exchange after jumping $70 to settle at $850.50 in the regular session (Read the article)

The increase in the deficit was accounted for by a decrease in the surplus on income and an increase in the deficit on goods.The current account is the broadest measure of international flows of goods, services and capital in and out of the United States. (Read the article)

The world's central banks continued to pump new cash into the global economy on Wednesday as governments desperately tried to keep the ailing financial system in North America and other industrialized regions afloat. (Read the article)

After eight bank failures through Aug 1 this year, business owners are wondering if they can bank on their money being safe. The Federal Deposit Insurance Corporation (FDIC) offers coverage up to $100,000 for deposits per bank, but many business owners have bigger accounts. (Read the article)

US consumer prices dropped 0.1% in August, the first decline in nearly two years as energy costs fell in a sign that a slowing global economy is relieving some inflation pressures. (Read the article)

The Asian Development Bank (ADB) has predicted Indonesia will face difficulties in controlling the inflation growth and resulting the number stays two digits at the end of the year, after what happened in other South East Asian countries such as Cambodia, Philippines, Vietnam and Laos (Read the article)

The Bank of Japan ploughed Yen 2.5 trillion into markets today in an attempt to limit the fallout from the Lehman Brothers collapse, and as jitters over the knock-on effect of the US bank's woes hit financial stocks across Asia. (Read the article)

Hewlett-Packard (HP), the world's largest computer company, says it plans to cut 24,600 jobs, almost 8% of its workforce, to streamline its business. (Read the article)

The UK's annual rate of inflation has risen to 4.7% in August, up from 4.4% in July. Bank of England Governor Mervyn King has had to write a letter to the chancellor explaining why inflation is higher than the government's 2% target (Read the article)

Weak revenue growth and accelerated spending - including an economic stimulus package that returned billions to taxpayers - will drive the federal deficit to $407 billion in the fiscal year that ends this month, more than double last year's $161 billion, congressional budget analysts reported Tuesday. (Read the article)

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