U.S. derivatives market CME Group will allow international investors to use China's currency as collateral when trading futures contracts, starting next month.
Biden met with Greece President Karolos Papoulias on Monday before beginning talks with new Greek Prime Minister Lucas Papademos. Biden arrived in Greece after traveling from Turkey. This week is seen as crucial for the struggling Eurozone. Italy's new government unveiled austerity measures that European leaders hope will be the start of a turning point in the struggle to keep the euro intact.
Oil prices ratcheted up on Monday morning on concerns that tension between Iran and Western countries could lead to an oil distribution disruption and a potential shortage.
Citing people familiar with the matter, The Wall Street Journal said the new Lehman board will be made up of seven experts in restructuring, real estate and derivatives but they don't have ties with Lehman. They'll reportedly oversee liquidation of billions of dollars in assets so that money can be dispensed among Lehman's many creditors.
Daily deals site Groupon, Inc. (NASDAQ:GRPN) appears on track to produce strong growth in the fourth quarter, driven by an uptrend in billings.
Crude oil prices gained in European trade Monday on fears that growing tensions between Iran and Western powers may threaten crude supply from the Middle East.
Gold prices barely moved Monday, as weak physical buying and easing investor interest offset anticipation of good economic news from the U.S. and hope that this week's big European meeting aimed at solving the debt crisis will not disappoint.
Stock index futures pointed to a higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.8-0.9 percent.
Asian shares and the euro steadied on Monday on hopes European leaders would agree on a definitive plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment also getting a lift from Italy unveiling austerity steps.
Carbon dioxide emissions, from the burning of fossil fuels and production of cement, registered record increases last year, according to researchers with the Global Carbon Project, who reported a 5.9 percent increase.
Boeing Co launched its six-month world tour of the new 787 Dreamliner jet from Beijing, China on Dec.4, 2011.
Gold prices traded steady Monday, after posting their sharpest weekly rise in more than a month, as the eurozone kicks off a week packed with meetings and decisions crucial to the solution to its debt crisis as well as the euro.
Japan's Nikkei stock average edged higher Monday to build on last week's hefty gains on improved sentiment about the European debt situation, but uncertainty about how markets will assess Italy's new austerity plan capped the upside.
The threat of cyberattacks on the U.S. power grid should be dealt with by a single federal agency, not the welter of groups now charged with the electric system's security, researchers at the Massachusetts Institute of Technology reported on Monday.
Shares in Samsung Electronics Co Ltd rose more than 2 percent on Monday after Apple Inc's bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
The recent rise of Gingrich in the polls for the former speaker of the House of Representatives is drawing increased attention to the fact that his own views -- on issues including healthcare, the environment and medical marijuana -- haven't always been in line with those of most conservative Republicans. The inconsistencies have raised questions about Gingrich's true beliefs, as well as his staying power as the conservative of the moment in the Republican campaign. They also have given h...
If you don't have the time to scrutinize U.S. and Europe/Asia economic data points daily, but you still want to take the pulse of the U.S. economy, use the price of oil as a shorthand. Oil, the world's most vital commodity, also provides a quick-read on the U.S. economy.
At the age of 23, British rapper Tinie Tempah has already sold a million records with his debut album Disc-Overy.
The missing five-year-old son of country singer Mindy McCready was found hiding in a closet with his mother in Arkansas, Deputy U.S. Marshall David Rahbany said on Saturday.
The newest Twilight vampire movie ruled the domestic box office for a third time with $16.9 million in ticket sales over one of the slowest movie-going weekends of the year, studio estimates released on Sunday showed.
Iranian media reported on Sunday that their country's military had shot down a U.S. reconnaissance drone in eastern Iran, but a U.S. official said there was no indication the aircraft had been shot down.
What do Vladimir Putin, a real Don, and Herman Cain, a real Godfather Pizza Don, have in common? The connection is psychological, maybe even Dostoevskian. But it isn't about depression, unless it's ours, the voting public. It's about delusion.
