European leaders must first use their own financial resources to stem the soverign debt crisis before asking the International Monetary Fund (IMF) for help, Japanese Finance Minister Jun Azumi said.

Eurozone countries are facing a mass downgrade in credit ratings in case EU leaders fail to agree on a concrete plan to stem the region’s debt crisis in the fast-approaching summit, rating agency Standard & Poor's (S&P) has warned.

In a recent revelation done by the Ernst & Young, it has come to light that the average value of mergers and takeovers in global technology during 2011's second quarter has got a significant jump of 92% to US$52.1 billion from the previous quarter's US$27.1 billion.

Mapeltree, a venture of investment company Temasek Holdings has announced their plan to buy Festival Walk.

Investment team of the Government of Singapore Investment Corp (GIC) has been sloped up for better exploiting opportunities in key emerging markets.

As the country's debts reach the cap of $14.29 trillion, US Treasury has put in place a few firm and urgent steps in order to save the nation from falling into a debt trap and non-payment of its own debts.