The European Union's attempt to regulate hedge funds will affect other classes of alternative investment such as real estate funds and investment trusts, lawyers studying the fine print of the new rules have warned.
The head of the World Health Organisation hit back at critics who have accused it of over-reaction to the swine flu crisis, warning it may return "with a vengeance" in the months ahead.
An alleged attempt to sabotage the helicopter of India's second richest man, Anil Ambani, is developing into a full-blown murder mystery after the mechanic who discovered the plot was suddenly killed this week.
Barack Obama on Monday promised to double public funding of scientific research to exceed the level Washington spent during the "space race" unleashed by Dwight Eisenhower and John F. Kennedy 50 years ago.
While basic prices for transporting, storing and cremating bodies in China are supposed to be set and regulated by the state, "extras" including coffins, urns, wreaths, funeral processions and graves are all set by "the market".
India is the latest of several nations to raise the alarm about illicit capital flight. Following high-profile scandals involving Liechtenstein and Switzerland, the Group of 20 nations has demanded greater co-operation in tackling the shadow financial system.
ArcelorMittal is likely to have to make permanent cuts of up to 10 per cent in its steelmaking capacity as the industry reels from the impact of the worst global recession in decades, industry observers have warned.
The economic downturn in the world's jewellery markets has checked the growth of India's diamond export industry, cutting the workforce by as much as 25 per cent and forcing one of the country's most promising export sectors to seek government help.
The shift in consumer buying power towards emerging markets is not only giving Chinese brands a much better chance of breaking out of their domestic market but is also subtly altering how western companies develop and market global brands.
India's pay-television industry, a magnet for foreign investors for the past two years, is facing a shake-out amid intense competition during the economic crisis.
The global financial crisis has inflicted at least a year's delay on the Indian IT outsourcing industry's drive to reach its short-term revenue forecasts, with key markets in the US and Europe suffering from the financial downturn.
The deteriorating global economy means financial institutions now face total losses of $4,100bn on loans and other assets, the International Monetary Fund said on Tuesday, urging governments to take "bolder steps" to shore up institutions - including nationalising them where necessary.
A series of interest rate cuts in India has failed to lead to cheaper commercial lending, leaving Asia's third largest economy to grow at only 6 per cent this year, the central bank said on Tuesday.
Early on Monday morning, the chairman of the government-appointed board of Satyam Computer Services, Kiran Karnik, hurried into the Taj President Hotel in south Mumbai to begin one of India's strangest corporate sell-offs.
India - long considered a digital laggard for its low internet penetration - is set for explosive growth in web usage in the coming year, according to a senior Google executive in the country.
India's largest companies are making inroads into one of the country's most ancient businesses - the purchase of gold by the nation's hundreds of millions of women for weddings, festivals and savings.
Chinese companies are building $7bn of power plant equipment for customers in India, in a business that is underpinning growing trade between Asia's second and third largest economies.
While most companies in developing countries that export to the west are worried about protectionism, the stakes are high for India's outsourcing industry.
India faces a shortfall of as much as $190bn in financing key infrastructure projects as the global crisis chokes off urgently needed capital, according to a study by McKinsey, the management consultants.
The Madoff case has become a powerful symbol. The odd thing is, no one is exactly sure what it is a symbol of.
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