Moody's has cut Ireland's credit rating to Baa3, one level above junk, and says the nation could struggle to cut its deficit because of weak economic growth.
Leaders of the five fast-growing emerging economies vowed to support the reform and improvement in international monetary system for the establishment of a stable, reliable and broad-based international reserve currency system.
Australia's central bank governor says the world economy's center of gravity is shifting rapidly to Asia.
The IMF singled out European banks as it insisted that more needs to be done to shore up the global financial system, saying Europe's weak banks are "caught in a maelstrom" and must beef up their financial buffers.
Ministers from the BRICS countries expressed their strong support for Russia to join the World Trade Organization in 2011.
Japan says it has downgraded the country's economic outlook for the first time in six months due to the fallout from the March 11 earthquake and tsunami.
Cisco Systems Inc will cut 550 jobs and shut down its Flip camera business in an overhaul of its troubled consumer products, following chief John Chambers' recent admission that the company had lost its way.
Microsoft Corp found a new way to lash out at Google Inc on Monday, extending the hostilities between two of the most prominent corporations in the technology industry.
The BRICS countries will continue to see robust economic growth in 2011, said the International Monetary Fund (IMF) on Monday.
The New York Stock Exchange Euronext said on Sunday that its board has rejected a takeover bid from the owner of Nasdaq OMX and Intercontinental Exchange(ICE).
Toyota Motor Corporation (TMC) said on Friday it will resume the vehicle production at all its Japanese plants from April 18 to 27.
Japan's economy is in a "severe condition" with no quick recovery in sight following a triple disaster triggered by the March 11 earthquake that has sent service-sector sentiment plummeting the most on record, the government said on Friday.
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