IMF plays down risk of China hard landing
A senior International Monetary Fund official said on Monday that China was taking steps to reduce property bubble risks and said it has room to add fiscal stimulus if conditions worsen.
Markets push Portugal towards bond pariah Greece
Portugal's slide towards becoming the next Greece - needing a second bailout to avoid bankruptcy - accelerated on Monday as untrusting underwriters hiked the cost of insuring Lisbon's bonds to new highs and insisted it be paid up front.
Stanford sought to influence regulator
Allen Stanford, charged with a $7 billion Ponzi scheme, sought to have a Antiguan regulator with oversight of his offshore bank dismissed after she rejected a number of the Texas financier's overtures to work together, she testified on Monday.
CFTC panel to review high-frequency trading
The Commodity Futures Trading Commission is expected to review a rapid-fire technique that allows traders to buy and sell shares at lightning speed, a step that could help it better understand the impact of an activity critics say threatens market stability.
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Symantec says pcAnywhere safe, offers free upgrade
Symantec Corp said it is safe to use its pcAnywhere software for accessing remote PCs after it asked customers last week to disable the product because it put them at greater risk of being hacked.
EU leaders struggle to reconcile austerity, growth
European leaders agreed on a permanent rescue fund for the euro zone on Monday and 25 of the 27 EU states backed a German-inspired pact for stricter budget discipline, but they struggled to reconcile fiscal austerity with economic growth.
New York Minimum Wage Boost Needed: Silver
New York State Assembly Speaker Sheldon Silver has proposed raising the minimum wage to $8.50 an hour, and tying it to inflation.
Wall Street pares losses, shows market's resilience
Stocks edged lower on Monday on stalled Greek debt talks, but an afternoon rally cut losses in a sign of the underlying resilience the market has shown early in the year.
D. Boerse regulator says has concerns over NYSE deal
Deutsche Boerse's home regulator, the Hessian Minister of Economics, said the German exchange operator has failed to address concerns about the proposed takeover of NYSE Euronext , throwing up another hurdle to the deal.
Weaker banks, commodities drag Britain's FTSE lower
Weakness in banks and commodity stocks dragged Britain's leading share index lower on Monday as the protracted search for a Greek bond deal and concerns about economic growth kept investors nervous.
Stocks slip on stalled Greece debt talks
Stocks fell on Monday after Greece's efforts to reach a debt restructuring with creditors stalled, hampering European leaders' push to shift the market's focus to jobs and growth.
Tough Guy Challenge 2012: Blood, Guts & Glory [PHOTOS]
Are you tough enough? Each year thousands of fearless competitors flock to the British Midlands in hopes of winning the Tough Guy challenge.
Analysis: Fed-watching gives Asian central banks cause to pause
Asia's central bankers have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer.
Bank of America shuffles investment banking leaders
Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.
Citi chairman Parsons considers stepping down: report
Citigroup's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported on Sunday, citing people familiar with the situation.
Consumer spending fizzles in December, savings up
Consumer spending was flat in December as households took advantage of the largest rise in income in nine months to boost their savings, setting the tone for a slowdown in demand early in 2012.
Dutch to go after ISPs that allow file sharing
The Netherlands plans to crack down on Internet service providers that allow access to file-sharing sites such as Pirate Bay, though it will not make it an offence for individuals to download from these sites.
Stock futures slip as Germany, Greece wrangle over budget
Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
Irish minister: hard to stay in euro if treaty rejected
It would be difficult for Ireland to remain in the euro zone if its voters rejected a proposed new fiscal treaty, its European Affairs minister said on Monday, raising the stakes in a political battle over whether to put the plan to a referendum.
Stock futures down as Greek budget issues loom
Stock index futures fell on Monday as concerns grew about the state of Europe's finances as Greece and Germany sparred over budget measures for Athens.
Euro zone confidence improves, highlights divergence
Confidence in the euro zone's economy strengthened in January for the first time since early 2011, EU data showed on Monday, but a recovery in Germany masked a deterioration in France and Italy, highlighting the bloc's diverging fortunes.
Carrefour picks retail veteran for new turnaround bid
Carrefour , Europe's largest retailer, picked industry veteran Georges Plassat as its next boss, signaling key shareholders may back another attempt to fix its ailing hypermarkets rather than push for a break up.
Optimism builds in euro zone economy, picture still mixed
Confidence in the euro zone's economy strengthened in January for the first time since early 2011, EU data showed on Monday, but a recovery in Germany masked a deterioration in France and Italy in a sign of the bloc's diverging fortunes.
Stock index futures signal early losses
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.7 percent, Dow Jones futures down 0.64 percent and Nasdaq 100 futures down 0.79 percent at 5:13 a.m. ET.
China to make Shanghai global yuan hub by 2015
China intends to establish Shanghai as the global centre for yuan trading, clearing and pricing over the next three years as part of broader plans to make the commercial hub an international financial centre by 2020.
ECB's Makuch sees some recession risks: report
The euro zone could fall back into recession this year, an ECB Governing Council member said on Monday, adding the bank's non-standard measures were a significant funding and confidence boost.
Caution rules ahead of EU Summit, Greek deal
The euro edged back from six week highs and global stocks were lower on Monday as investors turned cautious after U.S. growth figures on Friday that fell just short of expectations and ahead of more crisis talks among EU leaders.
Carrefour names retail veteran Plassat as new boss
Carrefour named retail veteran Georges Plassat as its new chairman and chief executive on Monday, seeking to draw a line under months of turmoil at the world's second-largest retailer.
The Cleaner takes on Carrefour challenge
Georges Plassat was known as The Cleaner when at the helm of French retail group Vivarte, with a reputation as a ruthless cost-killer who could at times be harsh with the troops.
Asian shares, euro guarded over likely Greek debt deal
Asian shares inched down and the euro fell from its highest in more than six weeks Monday, as markets cautiously tuned in to a likely debt swap deal for Greece that is crucial to avoiding a messy default and eyed yet another European summit meeting.
China's Wen: government debt risk controllable
China's Premier Wen Jiabao said the nation's government debt is at an overall safe and controllable level, that funding for key projects would be ensured and that applying the brakes to the problem would be done in a way to avoid systemic risks.
Worn-out machines as leading indicator
Delivery trucks wear out, computers break down, software becomes outdated -- and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers.
UK opposition seeks debate on RBS chief's bonus
* CEO could theoretically get 8 mln stg bonus
ABB nears deal to buy Thomas & Betts for about $4 billion: WSJ
Swiss engineering giant ABB Ltd was near an agreement Sunday to acquire U.S. manufacturer Thomas & Betts Corp for about $4 billion, the Wall Street Journal reported on its Website Sunday, citing unnamed people familiar with the matter.
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