Lakshman Achuthan

"Paintings and sculptures by emerging artists from Indonesia and other Southeast Asian countries have defied slowing auction demand for top Chinese and Western works as global financial markets tumble and the prospect of a U.S. recession increase.  

Oct. 8 (Bloomberg) -- Financial market turmoil may spark the longest U.S. recession in at least three decades, said Harvard University economist Martin Feldstein , a member of the committee that charts American business cycles.  

Against a backdrop of an unfolding meltdown in global financial markets and the near-certainty of a U.S. recession, the two candidates for president used the occasion of a much-anticipated town hall meeting last night to repeat all the talking points they were making long before the recent bank...  

WASHINGTON – Against a backdrop of an unfolding meltdown in global financial markets and the near certainty of a U.S. recession, the two candidates for president used the occasion of a much-anticipated town-hall meeting last night to repeat all the talking points they were making long before the...  

WASHINGTON — The world economy will slow sharply this year and next, with the United States likely sliding into recession reflecting mounting damage from the most dangerous financial jolt in more than a half-century.  

Against a backdrop of an unfolding meltdown in global financial markets and the near-certainty of a U.S. recession, the two candidates for president used the occasion of a much-anticipated town-hall meeting Tuesday night to repeat all the talking points they were making long before the recent...  

WASHINGTON — Against a backdrop of an unfolding meltdown in global financial markets and the near-certainty of a U.S. recession, the two candidates for president used the occasion of a much-anticipated town-hall meeting Tuesday night to repeat all the talking points they were making long before...  

Oct. 7 (Bloomberg) -- The stock market is ``not as bad as some portray'' because shares have already suffered the worst of a U.S. recession and will rally before the economy emerges from its decline next June, hedge fund manager Leon Cooperman said.  

Oct. 7 (Bloomberg) -- A U.S. recession won't ``drag China down with it,'' because only 7 percent of China's economic output is generated by exports to America, with half of those being consumer goods, according to TD Securities Ltd.  

Oct. 6 (Bloomberg) -- The credit crisis that pushed money- market rates to records last week will deepen a U.S. recession and extend it into next year, according to a survey by the National Association for Business Economics.  

MUMBAI (Thomson Financial) - Indian shares plummeted more than 5 percent on Monday, as fears that the U.S. economy may plunge into recession triggered a sell-off by foreign funds, which in turn prompted a post-market decision from the Indian market regulator to remove some curbs on foreign...  

Despite the US recession hitting the aviation sector globally, German carrier Lufthansa is upbeat about its India operations. Axel Hilgers, the new director, South Asia at Lufthansa said India is a very important destination for the airline which was the first European carrier to enter the Indian...  

A POSSIBLE DEAL on a landmark bailout of troubled US financial firms would determine the fate of the peso and government debt papers this week, which have been largely battered in the past two weeks by fears of a widening credit crisis and a deeper US recession.  

Sept. 25 (Bloomberg) -- Japan's 10-year government bonds advanced for the first time this week as President George W. Bush said the world's biggest economy faces the prospect of a ``long and painful recession.''  

By Paula Wolfson - U.S. President George Bush has invited both presidential candidates and the Congressional leadership to the White House in hopes of securing a deal to help the nation's ailing financial sector. VOA's Paula Wolfson reports the president urged public support for the rescue plan...