CHINA

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China lures WTO to brink of procurement deal: sources

Forty-two countries are close to agreeing an upgrade of their Global Procurement Agreement , a reform that could unlock tens of billions of dollars of commercial opportunities, and many times more if China gets on board, trade sources said on Monday.

Big-name celebs irk Ottawa in pipeline debate

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Canada's energy minister shot back on Friday at Hollywood celebrities protesting a plan to build a $7 billion oil pipeline to Texas from Alberta in the first public indication that the protests are getting under Ottawa's skin.

Fed officials defend most recent policy

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Two top Federal Reserve officials on Monday defended the central bank's most recent effort to boost growth, with one suggesting further steps may be justified.
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China urges police use microblogs to dispel rumors

More Chinese police should use microblogs to give the public correct facts and release authorized information to dispel misunderstandings, the Ministry of Public Security said on Monday, in a new effort to counter critics of the government.
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Yahoo! Inc. co-founders Jerry Yang and David Filo celebrate the launch of the new Yahoo! Mail in Sunnyvale California

Yahoo: 'Multiple Parties' Eyeing Takeover Bids

Yahoo, afloat after the abrupt sacking of CEO Carol Bartz, has received “inquiries from multiple parties” interested “in a number of potential options,” remaining top managers told employees.
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Gold eyes biggest 3-day fall in 28 years, investors flee

Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone.
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Gold pares some losses but hurt by dash for cash

Gold pared some of Monday's losses by midday in Europe but was still on course for its largest monthly slide in three years, as investors scrambled for cash in the face of mounting fear over the impact of a potential Greek debt default.
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Futures rise on optimism over Europe moves

Stock index futures rose on Monday on hopes European policymakers were putting together new measures to help ease the region's debt crisis, but the lack of clarity on their potential effectiveness was seen keeping markets volatile.
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Copper Slumps to 14-Month Low

Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
Traders work at their desks in front of the DAX index board at Frankfurt's stock exchange

World Stocks Slide Again on Europe Debt Fears

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
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World stocks slide on fears Europe crisis

European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.

Iran's President Arrives in Sudan to Boost Ties

Iran's President Mahmoud Ahmadinejad will arrive in Sudan late on Sunday for talks expected to focus on boosting political and economic ties between the two allies, Sudanese officials said.
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IMF urges ECB to play bigger crisis-fighting role

European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.
Jeb Corliss

Daredevil Jeb Corliss Flies Through a Mountain [PHOTOS AND VIDEO]

Stuntman Jeb Corliss successfully completed a high-risk wingsuit dive through a 100-ft. wide arch in China's Tienman Mountain on Saturday.Corliss jumped from a helicopter 6,000 feet above the ground, and raced through the air at high speed towards a perilously narrow gap in the mountain. An expectant crowd gasped and cheered as the 35-year old made it through with room to spare.An earlier attempt was aborted after the smoke canisters on his wingsuit malfunctioned. The suit allows him ...
U.S. and Global Economies

G-20: Globalization's Two-Edged Sword

Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.
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G20, IMF/World Bank meetings in Washington

The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20 and the semiannual meetings of the International Monetary Fund and World Bank.

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