GDP

Ratings agency Fitch slashes India's credit rating outlook to negative, following similar calls from Standard & Poor's earlier this month.

As India seeks more oil and gas from OPEC and the wider markets following Iran's sanction woes, the move could intensify growth problems and high inflation

Greek banking stocks surge on Thursday, as markets pin hopes on Greeks voting for a pro-bailout government, ahead of the elections on Sunday.

Investors are waiting for the outcome of the Greek vote which will decide the future of the eurozone.

Official figures reveal that the manufacturing industry contracted by 0.7 percent month-on-month in April

HMRC reports that UK exports to non-EU countries fell in value by £2.4bn in April month-on-month, adding to fears over Britain's economy

A UK housing market survey by the Royal Institution of Chartered Surveyors reveals house prices are stabilising

Rupee falls after S&P says cut to junk status possible for Asia's third-largest economy

International Air Transport Association says deepening eurozone sovereign debt crisis and rising oil prices threaten to wipe out airline industry profits and targets

Eurozone finance ministers agree to lend up to €100bn to clean up Spain's banking sector burdened by bad debts and property bubble burst.

Spain's banking sector intransigence has left it with two stark choices as the clock ticks closer to midnight

Ukraine will get a bigger one-time boost, but Poland's may see better longer-term prospects from European Football jamboree

China's surprise interest rate cut is the first major step towards making banking more competitive while liberalising its currency.

Though world leaders are pressing for stronger and urgent action, the end-June meeting of European leaders is not expected to bring any substantial change in the situation of the eurozone.

On 31 May 2012 Ireland held a referendum - the only country to do so - as to whether or not its Government should ratify the Stability Treaty signed by 25 of the 27 European Union (EU) Member States in December 2011 and due to come into effect on 01 January 2013. This is the Treaty which Prime Minister David Cameron representing the UK famously refused to sign, along with the Czech Republic.

According to reports, the IMF's highly anticipated Spanish bank audit will also "outline overall needs of €90bn to clean up Spain's entire banking sector."

China's surprise move cut to interest rates could be its first big step to interest rate liberalisation

Bank of England's Monetary Policy Committee holds interest rates at their record low and leaves quantitative easing target unchanged despite dismal UK economy

New Britain service sector information provides hope UK recession ending after purchasing managers index data reveals sector grew in May

House prices across Britain stabilising after stamp duty holiday for first time buyers skewed market

Highly anticipated bond auction reveals strong investor appetite after selling €2.07bn in notes.

Number of mergers and acquisitions involving UK firms is plummeting, according to official data

Construction sector Markit/CIPS purchasing managers index for May shows growth, though official data shows the sector has collapsed

Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.

Ireland, which held the only popular vote on the new EU treaty, has voted for the new set of deficit rules in a referendum.

Société Générale special report delivers damning scenario of what would happen if Greece exits the Euro

Output in the UK manufacturing sector plunges to 3-year low, further reflecting the recession and the dire position of the country's economy.

The declining UK games industry is leading to a brain drain as the talent moves abroad.

Ireland casts votes on whether to ratify strict EU fiscal compact treaty that sets new rules on budget deficit targets.

Indian GDP shows no signs of slowing, after only expanding 5.3 percent