HSBC alerts US clients having accounts in India

10:41 | 0 | PTI/mydigitalfc.com

The HSBC Bank, which is at the core of a US crackdown on offshore tax evasion, has alerted its clients having an account in India, including Indian Americans, to consult a tax advisor after it received summons from Internal Revenue Service (IRS) seeking its account- holders'

Berlin fears eurozone cannot rescue Italian economy

10:46 | 0 | AP/dw-world.de

ECB to discuss Italian debt crisis

10:56 | 0 | Emg.rs

The Governing Council of the ECB is holding an emergency meeting today to consider calls to buy Italian government debt when markets open tomorrow morning.

Timoshenko arrested for behavior disrespectful to court

11:12 | 0 | Itar-Tass

Ex-Premier Yulia Timoshenko is arrested because of her disrespect-demonstrating behavior during the trial meetings, the Ukrainian Foreign Ministry said in its statement issued on Saturday.

U.S. President: Creating jobs and getting all Americans back to work

11:20 | 0 | Emg.rs

In this week’s address, President Obama called on Democrats and Republicans to work together to grow the economy and get Americans back to work.

S&P downgrades US credit rating

11:25 | 0 | MIA

Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation's sterling credit rating, an expected but unsettling move that further clouds prospects for the recovery of the fragile United States' economy, AP reports.

China blasts U.S. debt problems, urges new global reserve currency

11:27 | 0 | MIA

China on Saturday condemned the "short-sighted" political wrangling in the United States over its debt problems and said the world needed a new global stable reserve currency.

G-20 deputy finance ministers hold meeting

11:30 | 0 | Focus News Agency

Finance deputies from the Group of 20 major economies held a conference call on Sunday morning Korea time to discuss the European debt crisis and US ratings downgrade, South Korean Deputy Finance Minister Choi Jong-ku told Reuters.