BUSINESS

Copper Prices Slip But Remain Near 4 1/2-Month High

Striking Lonmin workers in South Africa
London copper slipped on Monday, but still retained most of the previous session's steep climb to a 4-1/2 month top as a new round of U.S. monetary stimulus measures and a weak dollar continued to support prices.
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Former French Oil Executive Extradited To Togo, Faces Fraud Charges

The former CEO of French oil corporation Elf Aquitaine, Loik Le Floch-Prigent, has been extradited from the Ivory Coast to Togo on charges relating to a $48 million fraud scheme. The funds in question were contained in a Togolese bank account belonging to the former military ruler of the Ivory Coast, Robert Guei, who was killed in 2002. Le Floch-Prigent had previously been convicted in France for embezzlement of hundres of millions of dollars in public funds during his time as head of Elf.
A man talks on his mobile phone as he walks past the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai

RBI Holds Repo Rate Despite 'Big Bang' Reforms

The Reserve Bank of India (RBI) left interest rates unchanged but cut the cash reserve ratio for banks on Monday, disappointing market hopes that it would follow up the government's unexpected spate of bold reform measures by reducing borrowing costs.
Asian Stocks

Asian Stocks End Mixed; Shanghai Tumbles 2.14%

Asian stock markets ended mixed Monday after they rallied to a four-month high in the previous session following the U.S. Federal Reserve's move to boost growth in the world's largest economy with a third round of bond purchases.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Fall On Euro Zone Concerns

European markets fell Monday as investor sentiment turned negative after fears of the debt crisis affecting the euro zone were revived undermining the optimism over the stimulus measures announced by policymakers to bolster economic growth.
An investor checks stock information with a computer at a brokerage house in Hefei

Asian Markets Drop After Last Week?s Rally

Most of the Asian markets dropped Monday after the rally last week when investor confidence was buoyed by the optimism that the stimulus measures announced by the central banks in the U.S. and the Europe would help revive the global economic growth momentum.
Ford Motor Co.'s Emblem

CAW Chooses Ford In Effort To Secure Pattern Contract

The Canadian Auto Workers, or CAW, will concentrate on the Ford Motor Co. (NYSE: F) as it attempts to negotiate a collective-bargaining agreement in the roughly 24 hours left before its fast-approaching strike deadline on Monday at 11:59 p.m. EDT.
U.S. Economy / Occupy Wall Street

Occupy Wall Street - Passé Or Canary In A Coal Mine?

The Occupy Wall Street protest movement is expected to resume Monday, on the 1-year anniversary of the protests. Is the coalition passé and irrelevant? Or is it a canary in a coalmine - an indicator of worsening economic and social problems in the United States?
Asian Markets

Week Ahead: Asian Stock Markets To Be Moderately Bullish

Asian stock markets posted their biggest weekly gains in almost nine months after the U.S. Federal Reserve announced that it would purchase $40 billion in mortgage-backed securities per month for an open-ended period until the labor market improved substantially.

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