The central bank slashed Pakistan’s benchmark interest rate for the second time this year, as lower inflation gave it more room to stimulate a sluggish economy.

India will take every step to restore economic growth to 9% a year, Prime Minister Singh said in his Independence Day address.

Maine lobstermen are cutting competitors’ trap lines, sinking boats and, in one case, shooting each other, as prices for the state’s crustaceans hit their lowest level since the early 1990s.

The Central Bank of Nigeria pledged to inject nearly $2.6 billion into five troubled banks and ousted the institutions’ top executives.

Al Qaeda-affiliated rebels are increasingly threatening Africa’s Sahara belt, scaring away investors and tourists as they undercut the region’s fragile economies.

Six months after promising to curb the influence of lobbyists on TARP, Treasury has yet to set any rules governing contacts between the department and industry representatives.

The union representing San Francisco’s train operators voted to go on strike, potentially stranding hundreds of thousands of riders and hurting the already-battered local economy.

Consumer prices in the 16 countries that use the euro accelerated their decline to a fresh record low rate in July, but the earlier-than-expected return to growth in Germany and France may lead to a quicker rebound.

Autos pushed industrial output up 0.5% in July, the first rise in nine months. Separately, consumer prices were flat on a monthly basis in July.

Hong Kong’s economy grew 3.3% in the second quarter from the previous quarter on improved domestic demand and exports, ending four consecutive quarters of contraction.