Global Outlook

Brent crude slipped 22 cents, or 0.3%, to $81.44 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was down 10 cents, or 0.1%, at $77.77.

Malaysia posts highest growth in decades as global outlook dims

Gross domestic product rose 8.7% last year, the highest level since 2000, data from Bank Negara Malaysia and the Department of Statistics showed. That compares with the median estimate of 8.6% year-on-year growth in a Bloomberg survey, and aligns with official expectations.

Despite recession fears, most CEOs have a positive growth outlook, says KPMG report

CEOs are largely positive about global economic prospects, but have adjusted or plan to adjust their risk management procedures considering geopolitical risk.

BoJ policymaker cautiously optimistic on global outlook despite virus worries

In a sign of concern over the cost of prolonged monetary easing, the former commercial banker said the BOJ must be ready to act not just to boost growth but to prevent its ultra-loose policy from disrupting the banking system.

Australia central bank cuts rates to 2.5%

The Australian central bank cut its main cash rate by a quarter point to a record low of .5 percent. It was a widely expected move given a cloudy global outlook, a tepid domestic economy and tame inflation.

HSBC India services PMI jumps to 3-month high in May

"Service sector activity picked up pace in May led by firmer order flows. Moreover, companies were more optimistic about the domestic and global economic outlook," HSBC Chief Economist for India & ASEAN Leif Eskesen said.

Global Outlook Introduces Hosted BlackBerry Enterprise Services

Service will enable enterprises and SMEs to leverage the hosted services model for MS Exchange 2010, SharePoint 2010, Lync 2010 and BlackBerry services in a pay per user format.

Kaushik Basu says to keep FY12 fiscal gap under 5% of GDP

India will try to keep its fiscal deficit under 5% of the gross domestic product, even as a slowing economy and worsening global outlook make it "difficult" to meet fiscal targets, a top government adviser said in an interview broadcast on Monday.

Key highlights of RBI's third quarter policy review

The Reserve Bank of India continued with its hawkish stance and raised repo and reverse repo rates by 25 bps each at its third quarter review of the monetary policy. Here are the key highlights.