Germany rebuffed calls for more financial risk-sharing in the eurozone on Friday, rejecting a proposal for a fund to help debt-laden countries cope with economic shocks and leaving open who would pay to wind down

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India's wholesale inflation cooled to its weakest pace in 10 months in November, a sign the economy may finally be escaping a long period of price pressure and raising the chances of a rate cut

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Bank of America Corp has sued bond insurer MBIA Inc in a New York state court for allegedly interfering with a tender offer to buy MBIA's bonds. At issue is a change MBIA sought to

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Bank of America Corp has sued bond insurer MBIA Inc in a New York state court for allegedly interfering with a tender offer to buy MBIA's bonds. At issue is a change MBIA sought to

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Italy's public debt rose above 2 trillion euros for the first time in October, underscoring the fragility of public finances despite austerity policies imposed by technocrat Prime Minister Mario Monti. Debt rose to 2.015 trillion

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China became a net seller of foreign exchange in November after its trade surplus and foreign investment inflows shrank, highlighting stiff external headwinds still facing the world's second-largest economy. China's central bank and commercial banks

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China became a net seller of foreign exchange in November after its trade surplus and foreign investment inflows shrank, highlighting stiff external headwinds still facing the world's second-largest economy. China's central bank and commercial banks

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US factory output posted its sharpest increase in nearly a year in November as auto production staged a rebound, while consumer prices slipped, offering cautious optimism for the struggling economic recovery. A separate report on

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Onshore China shares had their biggest rises in more than three years on Friday fuelled by speculation of state-backed buying in onshore markets, as indexes closed above key chart resistance levels, indicating further gains ahead.

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Stocks in the Philippines, Indonesia and Malaysia fell in light volume on Friday as market players sold rallying stocks such as Axiata Group Bhd and Ayala Corp but optimism over China's data lent support elsewhere

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