The Indian rupee rebounded on Thursday from a record low after the central bank's move to provide dollars directly to oil companies provided relief to the currency, while a recovery in emerging market currencies also helped offer support.
The Federal Reserve on Wednesday said the US economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting in September.
Growth in Asia's manufacturing sector cooled in February as the pace of economic recovery slackened, according to factory surveys and trade data on Friday that pointed to continuing weakness in the strength of global demand
The global financial crisis is either a result of the inefficiency of markets or has been caused by government interfering in market and was likely to take a long time to recover, said an expert.
"On the one hand you can look
Last September, people lined up for hours in a square outside the headquarters of leading Dubai real estate developer Emaar Properties, waiting for a chance to buy units in a luxury apartment complex.
The complex, in a fashionable
The emerging markets' growth continued to moderate in the third quarter as sustained expansion in service sector activity was offset by a fall in manufacturing as global demand softened, said a report.
Th recovery in the emerg