Treasury Secretary Henry Paulson said on Tuesday financial markets will remain under stress until the U.S. housing market's slide ends and called the health of mortgage finance enterprises vital to the recovery of the U.S. economy.

India signs investment protection pact with Brunei New Delhi, May 22 India has signed a bilateral investment promotion and protection agreement (BIPA) with Brunei Darussalam here on Thursday. While the Union Finance Minister Mr P. Chidambaram signed the a

South Africa is expected to weather the global economic turmoil better than many other countries because of strong regulation and limited exposure to bad foreign loans, and will boost spending on education, health and infrastructure, its finance minister

The central bank of Vietnam has said it will try to rein in inflation by limiting loans to consumers and investors in stocks and property as the country faces the prospect of a widespread credit ratings downgrade over fears that its economy is overheating

The Bush administration is urgently preparing a massive intervention to revive the U.S. financial system, including a plan to sweep away the unpaid loans that are choking banks and blocking the flow of money to borrowers.