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Fiat Drives Serbian Economy Into the Fast Lane [VIDEO]
Italian carmaker accounts for a large slice of GDP and has created thousands of jobs
China President Xi: Global Economic Recovery 'Long and Tortuous Process'
US shutdown forces President Barack Obama to cancel Asia trip and join Xi in giving speech.
World Bank Lowers East Asia Pacific Growth Forecast
Developing East Asia slows, but continues to lead global growth at 7.1%.
India Embraces Austerity to Meet Deficit Target
Country already crossed almost 75% of 5.4tn-rupee deficit target.
Serbia in Focus: 60,000 Jobs at Risk in Privatisation Shift
IBTimes UK exclusively reveals that if 179 state-owned companies don't find private investors, there'll be mass job losses
European Markets Trade Lower on US Default Fears
350,000 furloughed US government employees ordered to report to work on 7 October.
Strident UK Service Sector Led by Financial Firms as Mortgage Easing Schemes Boost Bank Profits
Markit UK service sector PMI shows continued strong output growth as banks cash in on housing recovery.
Serbia's Deputy PM Aleksandar Vucic: We Must Fight Scourge of Socialist Corruption
Scathing attack on socialist past in drive to bring business to Belgrade.
Why Silvio Berlusconi Decided U-Turn in Favour of Enrico Letta
PdL leader backtracked on decision to pull support to Italy's coalition government.
Tesco Profits Fall but Sainsbury Sales Stay Solid [VIDEO]
Philip Clarke's Tesco announces China joint venture while Justin King's J Sainsbury success continues.
US Government Shutdown: European Markets Not Fretting Over Temporary Closure
But market strategist says first shutdown in 17 years couldn't come at more difficult time for the Federal Reserve
US Productivity Growth Loses Steam as Living Standards Forecast to Crawl
Nonfarm labour productivity in second quarter up by mere 0.3%, says study.
European Markets Outside Britain Open Higher Ahead of Eurozone Data
British home prices rise for the fifth straight month in September.
India Crisis: Pimco Says Debt Rating May Be Cut to Junk as Election Looms
Focus on winning elections leave very little room to tackle economic issues.
Analysts Sharply Divided Over Benefits of Proposed Shanghai Free-Trade Zone
HSBC and Standard Chartered expected to open branches in the FTZ
Nairobi Westgate Mall Siege: Moody's Warns of Kenya's Growth and Fiscal Revenues Hit
Moody's rating agency slaps a 'credit negative' on the country as tourism set to slump
European Markets Outside Italy Open Higher Despite US Budget Fears
Markets will track two deadlines in the US -- 1 October and 17 October.
IMF to Help Fight Climate Change with Energy Subsidies
IMF chief Christine Lagarde argues that the organisation can ease environmental issues
Bank of England's Ben Broadbent Justifies Rate Hike Link to Labour Market
Forward guidance is the right solution for the UK economy, says MPC member.
Markets Find it Hard to Stomach Bernanke's Failure to Taper US Stimulus
Chief economist says markets still mixed over the Fed's failure to pare back on asset buying programme
Germany Election 2013: Investors Happy with Merkel Still In Charge
Daniel Stewart's chief economist says investors are buying into the long-term optimism
Singapore Enforces Stricter Company Hiring Process for Foreign Workers
Government rules that companies will only allowed to open up jobs for foreign candidates after two weeks
Bank of England's David Miles Turns Bullish on UK Economy
Dovish MPC member David Miles sees positive signs for economic recovery.
Indian Retail Landlords Offer Deep Rental Rates Discounts Amid Soaring Shop Vacancy
About 20% of retail space is vacant in India, as FDI reforms in retail sector failed to attract foreign firms.
Portugal Accuses IMF of 'Institutional Hypocrisy' Over Austerity
Portuguese Social Democrats accuse IMF of having two faces over austerity-driven bailout agreement.
Greece Prime Minister Antonis Samaras Begs Bailout Lenders for Leniency as Athens Riots
Samaras warns "popularism" and extremism" could derail his country's economic recovery.
Nicola Sturgeon: Wealthy Scotland Can Afford Independence
Scotland's deputy first minister hits back after NIESR report warns independence means decade of austerity.
IMF Attacks Speed of Global Austerity Measures
The International Monetary Fund says cutting budgets too quickly is dangerous for an economic recovery
Malaysians Set to Face Austerity Amid Rising Debt Levels
Country's debt-to-GDP ratio is the biggest among 13 emerging Asian markets after Sri Lanka at 53.3%, according to Bloomberg.
Scotland's Currency Conundrum: Independence May Mean Decade of Austerity
NIESR report says 5.4% fiscal tightening needed over ten years to meet debt targets and anchor borrowing costs.