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US-led consortium wants to buy Volvo from Ford: report

A U.S.-led group has entered the race to buy Ford Motor Co's Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive which last month confirmed its interest in the loss-making Swedish carmaker.

China Real Estate sets range for $248 mln US IPO

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China Real Estate Information Corp, a provider of real estate information and consulting services, is planning to raise up to $248 million in a U.S.-listed initial public offering set for Oct 16.
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Rich nations trying to kill Kyoto pact, says China

China and a top G77 official accused rich nations on Monday of trying to kill off the Kyoto Protocol, the U.N.'s main weapon in the fight against global warming, as nations try to craft a broader climate pact.
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US stocks set to open up, snap 4-day losing streak

U.S. stock index futures pointed to a higher start on Monday to snap a four-day losing streak. The futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq Composite NDc1 were up 0.5-0.6 percent at 0822 GMT.
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U.S.-led consortium wants to buy Volvo from Ford: FT

LONDON A U.S.-led consortium has entered the race to buy Volvo from Ford , the Financial Times reported, in a challenge to China's Geely Automotive , which confirmed its interest in the money-losing Swedish carmaker last month.
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IMF members make little headway on power shift

Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.
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Typhoon Parma hovers off Philippine coast killing 17

A powerful typhoon moved out to sea on Sunday after thrashing the remote northeastern Philippines and killing 17 people and may remain there for days, bringing more rain and possible landslides, officials said.
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North Korea's Kim woos visiting China Premier

North Korea's leader Kim Jong-il made a rare appearance to greet visiting Chinese Premier Wen Jiabao, starting a trip that swiftly drew a statement from the North that it was willing to discuss its nuclear weapons.
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IAEA to inspect Iran's Qom site October 25

U.N. experts will inspect Iran's newly disclosed uranium enrichment plant on October 25, the IAEA nuclear agency chief said on Sunday, praising a shift from conspiracy to cooperation in Tehran's dealings with the West.
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Dispute over control clouds IMF expansion

Fierce disagreement over how much power rich nations should cede to developing countries clouded talks between global finance chiefs on expanding the role of the International Monetary Fund.
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BRIC demand bigger share of IMF votes

The leading emerging BRIC nations maintain their demand for a 7 percent shift in voting power to developing countries at the International Monetary Fund, Brazil's Finance Minister Guido Mantega said on Saturday.
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G7 presses for stronger yuan

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 presses for stronger yuan, breaks no new ground

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese resistance to that suggestion or resolve other tensions over global currency rates.
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G7 grapples with exchange rates and own future

Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.
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Typhoon slams into northern Philippines, 4 dead

A powerful typhoon slammed into the northeastern Philippines on Saturday, killing four people, tearing roofs off houses and uprooting trees, but damage and flooding was much less than expected.
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G24 nations urge significant IMF vote shift

The Group of 24 nations on Saturday called for a significant shift in IMF voting power to developing nations and a doubling of members' quotas to raise more resources for the global financial institution.
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Olympics affirms Brazil's rise, Lula legacy

Rio de Janeiro's successful bid to host the Olympics in 2016 crowns Brazil's remarkable rise over the past decade from a near basket case to an economic and diplomatic heavyweight.
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G7 set to issue FX statement

The Group of Seven rich nations is expected to issue its customary call for stable exchange rates on Saturday, but do nothing more specific to address concern a weak dollar could hurt European exports.
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First Solar shares up on potential index inclusion

First Solar Inc's shares surged nearly 5 percent on Friday, buoyed by news the U.S. solar power company will join the flagship S&P 500 stock index and after it landed a buyer for a 20-megawatt solar power project in Canada.
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IMF, World Bank warn on cooperation

The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter as complacent policymakers lost their will to cooperate.
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Wal-Mart sees slow U.S. business recovery

Wal-Mart Stores Inc, the world's biggest retailer, sees a slow recovery from challenging U.S. business conditions, while its Asia operations are a little better, its Chairman Rob Walton said on Friday.

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