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Argentina, South America's third-largest economy, is "probably" in the midst of a recession and won't register meaningful growth this year amid high inflation and weak industrial output, according to a new report.

U.S. stock index futures point to a slightly higher open Monday as investors maintained a watchful mode waiting for decisions from meetings between Greek and European leaders this week to discuss reform measures needed to tackle the economic crisis in Greece.

European markets were mixed Monday as investors remained watchful ahead of the meetings between the Greek and other European leaders this week to discuss measures to tackle the economic and financial instability plaguing Greece.

Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.

China reported a trade surplus of $25.1 billion in July amid slower-than-expected growth in exports and imports, raising the concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown.

Japanese Prime Minister Yoshihiko Noda survived a no-confidence vote on Thursday, spurred by his proposal to double the consumption tax to 10 percent, in the latest example of a political gridlock that is risking a credit downgrade.

China’s industrial production grew at a reduced pace in July compared to June indicating that the weakening global demand and the debt burden faced by the euro zone are adversely affecting the country's economy.

European markets fell Wednesday as investors remained concerned that there were no monetary easing measures from policymakers to boost the economy even after the increasing debt burden faced by the euro zone.

Asian markets rose Monday after the encouraging news from the U.S. that the economy was regaining momentum to a certain extent and that Greece was showing improvement in complying with bailout requirements.

With China’s economy continuing to slowdown in 2012 market participants feel it is imperative that stimulus measures be implemented to regain the growth momentum.

The exit of one or more countries from the euro zone could drive gold prices significantly higher by the end of this year, according to a Friday Capital Economics report.

China's services activity growth recovered in July to the fastest pace in nine months after the slowdown in June, according to the HSBC Purchasing Managers' Index (PMI) released Friday.

China's manufacturing activity grew at a slower pace in July compared to that in the previous month, increasing concerns over a slowdown in the economic growth of the country.

ICICI Bank(ICBK.NS), India's top private lender, posted on Friday a 36.3 percent jump in quarterly profit, its strongest growth in more than a year, helped by robust loan growth, high fee income and better asset quality.

Japan’s retail sales growth slowed down in June as compared to May, indicating that private consumption being affected by the faltering global economic conditions.

Sudan must press ahead with reforms to ensure its economic stability, an International Monetary Fund mission said on Wednesday, while welcoming the country's recent moves including scaling back its fuel subsidies and devaluing its currency.

The U.S. stock index futures pointed to a lower opening Wednesday as investor confidence continued to be dragged down with no resolution to the euro zone crisis visible on the horizon.

Greece is not likely to be able to pay its debts, meaning the twice bailed-out member of the euro zone will have to restructure about $240 billion of sovereign debt, European Union officials told Reuters on Tuesday.

Most European markets rose Tuesday but investors remained watchful amid continuing concerns of the deepening economic conditions in the euro zone.

China's manufacturing activity rose in July compared to that in June, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Tuesday.

Greece's Prime Minister Antonis Samaras likened his country's deep economic slump in the wake of the European debt crisis to the Great Depression of the 1930s in the U.S. while meeting with former U.S. President Bill Clinton in Athens.

Representatives of the creditors that are keeping Greece economically afloat are set to arrive in Athens Tuesday to appraise Greece's slow progress in implementing austerity measures required for it to continue to receive bailout money.

Most European markets fell Monday amid continuing concerns about the deepening economic conditions in Spain and Greece.

Asian markets fell Monday following the revival of the investor concerns about the deepening debt burden faced by the euro zone and worsening global economic growth.

Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.

India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.

The Indian economy would see in this fiscal year its weakest growth rate in the past 10 years as the policy gridlocks and global economic uncertainties weigh heavily on the country.

Pressed by foreign creditors to produce 11.5 billion euros in spending cuts in 2013 and 2014, Greek leaders said Wednesday they had identified areas that could be trimmed.

The Irish government will spend more than ?2.25 billion ($2.76 billion) on new infrastructure projects and to restart existing road, school and health care construction projects to create as many as 13,000 jobs without hiking debt, government officials said on Tuesday.