"The European process might not be central," Bank of America Merrill Lynch said in a note to clients.

India's Ambassador-designate to Italy Basant Kumar Gupta will be travelling to Rome take up his position by the end of this month.

The mother of one of the Italian marines facing trial in India for killing two Indian fishermen said justice has been done and "everything ...

Apprehending backlash after it refused to send back two marines, Italy has advised its citizens to be "vigilant and cautious", especially i...

India is in the process of downgrading its diplomatic ties and decided not to post the Ambassador-designate to Rome who was to assume the c...

Govt had also announced decision to initiate review of entire gamut of relations with Italy which includes diplomatic, trade and defence ti...

With a gaping public deficit, the euro zone's second largest economy wants to be sure it is not sucked into the bloc's game of debt-crisis ...

"I suspect we are going to see the market continuing to remain quite jittery until the Greek elections are over," said Peter Cardillo.

Europe's monetary union and Spain's need for financial support to capitalise its banks may trigger additional credit-rating downgrades.

Moody’s move was less aggressive than rival agency S&P’s, but its action puts London’s prized top credit rating in jeopardy for the first t...

S&P has decided to downgrade France's top-notch credit rating but will spare Germany, Belgium, Luxembourg and Netherlands, govt source said.

A mosaic of grey shades overshadowed the global economy in 2011 and the big brothers struggled to maintain even anaemic growth rates.

We can expect over the next year a well deserved downgrade for India by ratings agencies given the laxity of the govt, says Jim Walker, Asi...

Markets have seen a bottom at least for now in the frenzy that took place on Monday, says Jim O’Neill, Chairman, Goldman Sachs AMC.

Moody's followed its three-level downgrade of Italy by warning that euro-area nations rated below the top Aaa level may see their rankings ...

Rupee fell more than 0.8% to its weakest level in two years as worries over Europe's debt crisis deepened after S&P's cut Italy's rating.

Global ratings agency Moody's today warned that potential contagion of the worsening Greek debt crisis could hit the banking systems in som...