World stocks rose from last week's 7-week low on Monday as hopes grew euro zone leaders would unveil fresh measures to resolve the two-year-old debt crisis, while caution ahead of next week's key summit kept the euro and German yields under pressure.
Italy's economy is fundamentally sound and should be able to win back market confidence if it shows fiscal discipline, European Central Bank member Christian Noyer said on Monday, ruling out a collapse of the euro zone because of the sovereign debt crisis.
Asian shares jumped on Monday on hopes Europe will come up with some concrete steps this week toward activating a crucial euro zone bail-out fund that is crucial to relieving funding stresses on the region's troubled economies.
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he would launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
Japan wants Europe to make efforts to stabilize markets unsettled by the continued euro zone debt crisis and Tokyo is prepared to offer help if needed, Japanese currency tsar Takehiko Nakao said on Monday.
Moody's Investors Service said on Monday the rapid escalation of the euro zone sovereign and banking crisis is threatening the credit standing of all European sovereigns.
Bank of Japan Governor Masaaki Shirakawa on Monday warned the country's economy will remain in a severe state for now as Europe's sovereign debt crisis and yen rises cloud the outlook, signaling the central bank's readiness to boost monetary stimulus further if risks to the recovery heighten.
Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, officials say.
China is keen to invest in the ailing infrastructure of Western countries, especially Britain, the chairman and chief executive of the Asian country's sovereign wealth fund wrote in the Financial Times.
Tired of suffocating crowds and seemingly never-ending lines? On Saturday, retailers want you to think small.
The fight for mom and pop's stock orders is getting testy on Wall Street.
Detailed operational rules for the euro zone's bailout fund, the European Financial Stability Facility , are ready for approval by euro zone finance ministers on Tuesday, documents obtained by Reuters showed on Sunday.
Japanese industrial giant Hitachi could double its earnings in the next couple of years, veteran investor Michael Katz told Barron's.
Euro zone countries could create a Stability Union to secure deeper fiscal integration relatively quickly, German Finance Minister Wolfgang Schaeuble said on Sunday.
More people headed to stores and websites over the Thanksgiving holiday weekend, and average spending per person rose 9.1 percent as bargain-hunting shoppers scooped up discounts on everything from gadgets to hoodies, a National Retail Federation survey on Sunday showed.
U.S. retailers moved from the frenzied start of the holiday shopping season to the next phase on Saturday, hoping to avoid a drop after Black Friday and keep the momentum going during a fitful economic recovery.
Akamai Technologies, which helps companies improve website performance, is in talks to buy its smaller Israeli rival Cotendo for more than $300 million, the Calcalist financial daily reported on Sunday.
Hold on, I'm in the middle of a Twitter war with Nouriel Roubini, author James Rickards says as he answers the phone from his Manhattan office.
Tired of suffocating crowds and seemingly never-ending lines? On Saturday, retailers want you to think small.
Amazon.com Inc, eBay Inc and other e-commerce companies had a strong Black Friday, but the industry's growth rate lagged last year's surge in online buying on the traditional first day of the holiday shopping season.
AT&T Inc is considering an offer to divest a significantly larger portion of assets than it had initially expected, in order to salvage its $39 billion deal to buy T-Mobile USA, Bloomberg reported citing a person familiar with the plan.
Black Friday shopping along Market Street turned out to be a nightmare as Occupy San Francisco demonstrators picketed in front of stores like Old Navy and Macy's, while also attempting to encamp in Union Square.
South Korea's communications regulator said on Saturday that personal information of more than 13 million subscribers of a popular online game of Nexon Korea Corp, a leading game developer in the country, had been leaked in a hacking attack.
History will remember 2011 as the year of the popular uprising. The common man is creating history in different corners of the world. What else do the Arab Spring, the Occupy Wall Street protests, the anti-austerity protests in Greece and Spain, and the anti-corruption campaign in India herald?
Former FBI director Louis Freeh was appointed trustee in the MF Global bankruptcy case on Friday, days after he was hired to lead an independent probe into a sex abuse scandal at Penn State University.
Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season.
U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.
Exchange operator CME Group Inc fined Infinium Capital Management, a U.S. high-frequency trading firm, a total of $850,000 for three separate computer malfunctions that rattled futures markets in 2009 and 2010.
There's not much to be thankful for if you were working on Wall Street this week. Stocks tumbled for the seventh session in a row, helping push the Standard & Poor's 500 down 4.7 percent.
Euro zone states may ditch plans to impose losses on private bondholders should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday.
