Sovereign wealth fund CIC boasts 10.6% return in 2012

BEIJING: Sovereign wealth fund China Investment Corp (CIC) boasted a 10.6 per cent return on its global investment portfolio in 2012 according to the company's annual report.

World stocks stall without central bank moves

PARIS (AP) — Global stock markets stalled Monday as the absence of stimulus action by central banks in the U.S. and China dismayed investors while signs of a weakening economy in Germany showed the increasing impact that the eurozone debt crisis is having.

Greek PM Antonis Samaras takes debt crisis talks to Paris

PARIS: The Greek prime minister headed to Paris Saturday on the second leg of a trip to try and win more time for his country to meet a deadline to slash billions of euros (dollars) from its budget.

Angela Merkel calls for quick ratification of EU bailout fund

BERLIN: Chancellor Angela Merkel Monday stressed her determination to ratify the EU's bailout fund and fiscal pact before the German parliament's summer break amid reports she was prepared to add growth measures to the text.

8 of top 10 cos add Rs 47,292 cr in market capitalisation; Infosys, TCS record losses

MUMBAI: Eight of the country's top 10 valued companies added Rs 47,292 crore to their combined market capitalisation last week, whereas IT majors TCS and Infosys recorded sharp fall in their value.

Abu Dhabi sovereign fund eyes India

NEW DELHI: The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds with an investible amount of $700 billion, is keen to invest in India's infrastructure sector and wants to build a strategic partnership with New Delhi.

Europe crisis hits new peak on 'depression' alert

Europe reeled on Monday from warnings it faces "deep depression" if the eurozone collapses and that every EU nation's credit rating could be hit without firm action to stop the debt crisis.