The International Monetary Fund warned the world's wealthiest nations Sunday to watch their surging levels of government debt, saying it could drag down the growth needed to ensure continued economic recovery. The economic crisis is leaving "deep scars in fiscal balances, particularly in the advanced economies," John Lipsky, the IMF's No ...

China's commerce minister warned the United States on Sunday against imposing trade sanctions over Beijing's currency controls, and said his country was likely to report a trade deficit in March. Washington and other trading partners are pressing China to ease controls that have ...

India's central bank looks set to tighten monetary policy further after raising interest rates for the first time in nearly two years as it bids to check spiralling inflation, economists say. In a move that surprised experts, the Reserve Bank of India (RBI) hiked short-term rates from record lows late Friday to battle near double-digit annual inflation amid fast-strengthening ...

The government will deliver a critical pre-election budget this week to help fix the dire public finances but some experts fear political posturing with an election around the corner. Chancellor of the Exchequer Alistair Darling will announce what could be his final annual budget on Wednesday, with opinion polls showing the Conservatives could achieve a narrow victory in the vote ...