China is planning to set up a special fund worth 200 million yuan (around $31 million) to finance arts and cultural performances in a bid to develop the country's 'soft power', an official said. The

The warning was clear: Greece was spiralling out of control.But the alarm, sounded in mid-2009, in a draft report from the International Monetary Fund, never reached the outside world. Greek officials

Bidding for MF Global's operations in Asia and Australia was extended by one day because of an influx of offers for the collapsed U.S. brokerage, a provisional liquidator for the company's Hong Kong

Explores optionsof merging mutual fund asset management company with itself. State-run lender Indian Bank has scrapped its plan to rope in a strategic partner for its mutual fund business because of

Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long delayed reforms of pensions, labour markets and

A proposal to provide a minimum pension amounting to Rs 1,000 per month to the 1.5 million workers covered by the Employees' Pension Fund Organisation (EPFO) is hanging fire because there is no

Retail investors in Singapore trying to salvage their doomed investments from the local MF Global office were left frustrated and empty-handed on Wednesday after they were told their trading

SKS Microfinance, India's only publicly listed microfinance company, has received a nod from its board to raise up to 9 bln rupees ($183 million) from share sale to institutional investors. The

MF Global Holdings and one of its United States subsidiaries filed for Chapter 11 protection on Monday. Notably absent from the filing was MF Global, the registered broker-dealer subsidiary of the MF

While the Indian indices - S&P CNX Nifty and S&P CNX 500 - delivered negative returns of 12.47 per cent and 12.04 per cent, respectively, mutual funds performed better with large cap,