ELECTIONS

India April Inflation Rises To 7.23%

The Reserve Bank of India logo is pictured outside its head office in Mumbai
India's inflation rose unexpectedly in April compared to last year denting prospects further loosening the monetary policy to regain the economic growth momentum.
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Greek Protest

New Election Looms in Greece As Parties Hit Impasse

Greece's president met with party leaders on Sunday in a final bid to form a coalition and avert a new election, but the talks immediately appeared doomed because of deep splits over the EU/IMF rescue plan.
A drachma coin is seen on display in this photo illustration taken in Athens May 9, 2012.

Could Germany Be Sounding A Softer Note On Greece?

Euro-zone paymaster Germany may be willing to consider additional measures to promote growth in Greece, but the Hellenic Republic must still carry out its previously agreed reforms, German Finance Minister Wolfgang Schaeuble said in an interview with Welt am Sonntag this weekend.
Egypt

Egyptian Court Suspends Presidential Elections

The administrative court suspended the election after it emerged the date had been wrongly set by an independent electoral commission, and not by the military council who rule the country.
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Indian Shares Close Down, Gold Hits Four Month Low, Eurozone Crisis Weighs

Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows.The BSE bench mark 30 share index lost 66.60 points to reach 16,479.59, dragged down by sharp declines in Reliance industry and banking stocks. Reliance Industries dropped for the sixth day by losing 1.91 per cent to Rs 695.10 after it cut the estimates for actual natural gas reserves available in its Indian blocks.
Europe

Worsening Greek Crisis Clouds Euro?s Future

A Greek sovereign default has always been a talismanic scare for the euro stakeholders. It would put the common currency under the greatest pressure since its creation, and shake the foundations of the currency bloc.

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