Business

The cost of insuring peripheral euro zone debt against default rose, to record levels for Greece and Portugal.

China's official PMI offered some reassurance about the pace of growth, rising to 50.9 on Thursday.

Earlier in the day, Asian markets closed higher, tracing gains on Wall Street on Monday.

Japan's Nikkei 225 rebounded from a five-month low on Monday by 0.2 per cent to 8,647.62.

WPP CEO Martin Sorrell said India as a brand has become stronger in the last few years.

Asian stocks tumbled as much as 4 percent on growing fears that the US economy was sliding into recession.

Zoellick said efforts to cut US government spending have so far been focused on discretionary spending.

Japan's Nikkei share average rose 0.2 per cent, boosted by a 4.7 per cent jump in Canon Inc shares.

Ambani also requested the state government to identify land for the proposed power plants.

Rajiv Rajgopal has been appointed as the CEO of broadband and data services.

Japan's Nikkei 225 index plunged 4.4 per cent to 8,694.31 in the morning session.

The ECB's decision to start buying Italian and Spanish debt was viewed as a critical move to quell a bond rout.

Lawrence Summers attacked the S&P's track record, which has downgraded country's credit rating from AAA to AA+.

The Indian holding has grown by about $ 10 billion in the past one year, the US Treasury data shows.

The Sensex had plunged over 700 points to the day's low of below 17,000 level before recovering.

Gold edged up on Friday as investors used bullion to shelter from the storm engulfing financial markets.