"When the Sri Lankan government decided in 2002 to build a new port in Hambantota, China offered $1.1 billion in loans. It also supplied Ch...

"The property sector is the biggest concern for China's banking system," said Shujin Chen, a banking analyst at the brokerage in Hong Kong.

Sahara Group has got time till June to avoid any foreclosure auction of two marquee hotel properties in New York by mortgage holders Reuben...

The group has been trying hard to raise funds including through refinancing of loans on these two hotels as also on the historic Grosvenor ...

Bank of China has taken close to a billion-dollar exposure against hotels Sahara owns in London and New York and is asking questions regard...

India remained consistent in carrying out economic reforms but slipped a notch to 133rd rank among 188 countries in the ease of doing busin...

Oil prices hit their highest level this year on Friday as traders looked past a mixed batch of U.S. economic data to focus on a strong rise...

Fiscal stimulus continue to drive consumption but investments are unlikely to pick up sharply.

President Barack Obama promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free...

Here are some thoughts on what India could propose at the forthcoming G20 meet on the financial crisis.

From garment makers in southern China to real estate agents in India, businesses across Asia are worried that the turmoil will filter throu...

Obama said economy needs both short- and long-term fixes, including another round of stimulus measures from Congress to revive economy. Gai...

IMF said that it saw little reason to change its April estimate that total losses would reach $1 trillion before the crisis comes to an end...

The US trade deficit narrowed in 2007 for the first time in six years, as a slowing economy reduced demand for imports and despite a politi...

Democrats Hillary Clinton and Barack Obama roasted President George W Bush on the economy on Monday, as world stock markets plummeted for a...

China CITIC Bank said it is not in any talks to buy into troubled US investment bank Bear Stearns and currently has no plan for such a stak...

The International Monetary Fund (IMF) has revised upward its growth forecast for India saying that the domestic economy will now grow faste...