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'Global crisis has exposed flaws in intl economic system'
United Nations: UN chief, Ban Ki-moon, on Tuesday said the current economic crisis has clearly exposed the flaws in the existing international economic system and asked institutions to become more "representative, credible, accountable and effective." Also see Images: Magnificent Mercedes M-Class Be your own financial planner What if taxpayers miss March 31 deadline Mercury & Venus

'Global crisis has left another 10 million children hungry'
International charity Save the Children Tuesday said an extra 10 million children are now malnourished because of the global rise in food prices and asked the G20 leaders to keep them in mind while ta

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Global growth expected to be very weak in 2009

Global growth will be very weak next year, a senior European banker warned on Tuesday, while Japan reportedly considered a $110 billion scheme to buy bad loans from banks, the latest in a series of go

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India calls for coordinated fiscal stimulus

Seeking a global response to the financial crisis, Indian Prime Minister Manmohan Singh Saturday called for a coordinated fiscal stimulus by the richer countries to help mitigate the severity and dura

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Global crisis can't stop India: Manmohan

India will achieve a GDP growth rate of 7.5 to 8 per cent this year despite the current global economic turmoil, which has only partially affected the country, the Prime Minister, Manmohan Singh, has

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Singapore goes into recession
The ongoing global credit crisis has pushed Asian economic giant Singapore into recession for the first time in nearly six years and the country has slashed its growth forecast to 3 per cent.

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