Saudi Arabia will not need to tap into its reserves this year to finance additional budget spending but it is considering whether to issue Islamic or conventional bonds to help fund specific projects, the country's Finance Minister Ibrahim Alassaf told Reuters.
Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.
World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.
World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.
China's vast manufacturing sector expanded moderately in October to snap three months of contraction, reflecting the resilience of robust domestic demand that is likely to soothe fears of an abrupt slowdown in the world's second-largest economy.
European stocks were set to open higher on Monday after data about China helped allay fears of a hard-landing in the world's second-largest economy, while the euro steadied on hopes that Europe's leaders were making some progress toward tackling the region's debt crisis.
The BSE Sensex rose as much as 1.9 percent on Monday, with index heavyweight Reliance Industries and banking stocks leading the gains, as investors grew optimistic about renewed efforts by European leaders to limit the region's debt crisis.
China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.
China's vast manufacturing sector picked up moderately in October, snapping a three-month contraction and underscoring the resilience of the world's second-largest economy backed by robust domestic demand.
China's consumer inflation is likely to ease below 5 percent by November and December, a senior official at the country's economic planner said in remarks published on Monday, raising hopes Beijing can contain prices that have held near three-year highs.
Global miner Rio Tinto said on Monday iron ore demand remained robust despite market weakness, and said a fall in prices was accelerating a move to shorter-pricing methods.
Japan's exports rose at a faster pace than expected in the year to September, suggesting that resilience in exports is underpinning the economic recovery despite a global slowdown and the strong yen.
More than 100 people were confirmed killed and hundreds more feared dead Sunday when a powerful earthquake hit southeast Turkey, flattening buildings and leaving survivors crying for help from under the rubble.
Ryanair is in talks with U.S., Chinese and Russian aircraft manufacturers about the possibility of buying 200 to 300 planes between 2015 and 2021, the Financial Times reported on Monday.
Diversified, industrial giant General Electric (GE) continues to show impressive order growth in emerging markets -- and that bodes well for the global economy in 2012 and for GE's stock.
NASA has released a series of new satellite data visualizations that show tens of millions of fires detected worldwide from space since 2002.
European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis.
China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jibao said in comments published on Sunday, also warning that efforts to tame housing prices were at a critical point.
China will make job creation a more urgent priority in the face of slowed economic growth and weakened exports, Premier Wen Jiabao said in comments published Sunday.
You may not understand the title of Coldplay's new album let alone be able to pronounce it, but Mylo Xyloto is a name music fans may have to get used to as the group launches a fresh assault on the world's charts.
Dutch opposition parties took aim at Prime Minister Mark Rutte on Saturday, demanding the minority coalition government secure a definitive and sustainable solution to Europe's debt crisis or risk a loss of parliamentary support.
The Netherlands would support the International Monetary Fund taking on a greater financial role in the euro zone bailout, the Dutch prime minister said Saturday but refused to be drawn on other options being discussed in Brussels.
