Nearly half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens, resulting in revenue losses for poor countries, anti-poverty campaigners ActionAid ... More » Half of investments in emerging markets go via tax havens - study

Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of ... More » U.S. stocks, oil fall after Bernanke; dollar gains

Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. stock markets down and compounded earlier oil weakness stemming ... More » Oil falls as Fed minutes send U.S. equities down

New Delhi, May 22 (IANS) Attempting to dispel the public perception about lack of governance and charges of policy paralysis, Prime Minister Manmohan Singh Wednesday said his government is taking corrective ... More » Government taking corrective steps, says PM

New Delhi, May 22 (IANS) Marking nine years of the UPA government, Prime Minister Manmohan Singh Wednesday promised to build "an economically resurgent and socially just India" and unveil a transparent ... More » With Sonia backing, PM vows to build better India

Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing ... More » EU leaders talk tough on tackling Amazon, Google over taxes

The Vatican's new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last year, citing this as proof of its commitment to transparency. The ... More » Vatican financial body investigating possible money laundering

Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes ... More » Daiichi Sankyo says it was misled over Ranbaxy probes

New Delhi, May 22 (IANS) Congress president Sonia Gandhi Wednesday appealed to the opposition parties, including the BJP, to cooperate with the UPA government in passing the food security and land acquisition ... More » Sonia appeals to opposition to help pass key bills

New Delhi, May 22 (IANS) Detailing economic growth during the UPA regime, Prime Minister Manmohan Singh said Wednesday the slowdown last year was "temporary" and a longer term view would show ... More » Nine years of UPA saw average 8 percent growth: PM

Panaji, May 22 (IANS) Chief Minister Manohar Parrikar will meet Prime Minister Manmohan Singh in June to press for special status for Goa and demand a special package for the people affected by the mining ... More » Parrikar to meet PM for special status for Goa

Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, ... More » Boeing says 787 battery retrofits to be done by next week

New Delhi, May 22 (IANS) The UPA is committed to transparency and allegations of impropriety in telecom spectrum and coal blocks allocations are being investigated and wrongdoers will be punished, Prime ... More » Wrongdoers in coal blocks, 2G allocations to be punished: PM

Gold was flat on Wednesday, giving up earlier gains after U.S. Federal Reserve Chairman Ben Bernanke warned of the risks of holding interest rates too low for too long, which boosted the dollar. Spot gold ... More » Gold erases gains after Bernanke comments