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    • WTO scales down growth forecasts after global headwinds

      World trade is expected to grow at 5.8% this year as compared to a smart expansion of 14.1% in 2011, as the global economy has been gripped by US credit downgrade and turmoil in the financial markets, WTO said today.

    • OPEC cuts oil demand growth forecast on economy

      OPEC cut its forecast for global oil demand growth this year as a worsening economic outlook curbs consumption in developed economies.

    • Oil sinks in Asian trade, Brent below USD 100

      Brent crude sank below USD 100 a barrel in Asian trade today, following its New York counterpart lower as markets reeled from the US credit downgrade by Standard & Poor's.

    • Rising debt cause of concern, stick with rating, says S&P

      The US credit downgrade has sent global equity markets in a downslide. In an interview with Maria Bartiromo, Deven Sharma, President of Standard & Poor's said that the decision was made mainly because of the rising debt levels and the process of resolving things.

    • Post debt deal, all eyes now on Fed, US govt's move: BoAML

      Global volatility has returned which saw the Dow Futures falling 220 points again. Gary Baker of Bank of America- Merrill Lynch talks to CNBC-TV18 about whether this is another 2008 like situation that the world is facing and what is the road ahead for global equity markets.

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