Averting a U.S. debt default solves only the immediate fiscal problem for the West and its big creditors in Asia.
Stocks turned negative after a strong opening on Monday as relief over a last-ditch debt deal in Washington faded after a weak reading on the manufacturing sector.
The La Linea boss is wanted for 1,500 murders
Stocks rallied on Monday on relief over a last-ditch deal in Washington to raise the U.S. borrowing limit and avert an unprecedented default, though analysts said the gains could be short-lived.
Two weeks after its release, the film continues to shatter records. "Harry Potter and the Deathly Hallows, Part 2" finally made it pass the $1 billion mark in global box office sales this weekend. The first film in the franchise: "Harry Potter and the Sorcerer's Stone," came the closest to passing this mark with $974.8 million in 2002.
A look back at the Red Devils' U.S. tour
Matt Damon delivers moving speech in protest against standardized testing.
Market cheers job cuts, streamlining.
The military budget has not been spared in Congress' proposed debt deal bill.
Honda has raised its profit and sales forecast. The company is on a speedy path to recovery.
With the debt deal negotiations done, the focus now shifts to the Republican-led House, where Speaker John Boehner, R-Ohio, will try to attract moderate Democrats to offset the likely high number of Tea Party House members who will vote against the bill. A Senate vote on the bill also could occur later Monday.
Looking for directions to the nearest supermarket, bank or cafe? Don't approach a stranger for information, just ask your smartphone.
Factories in Asia and Europe all but stagnated in July, according to business surveys that showed the weakest rates of growth since major industrial powers were struggling through the 2009 recession.
Stock index futures surged more than 1 percent on Monday on relief over a deal in Washington to raise the debt ceiling, avoiding an unprecedented default.
Stock index futures surged more than 1 percent on Monday on relief over a deal in Washington to raise the debt ceiling, avoiding an unprecedented default.
Isolated North Korea said on Monday it had agreed to further dialogue with the United States, and repeated it was willing to resume regional nuclear disarmament talks at an early date, without preconditions.
Honda Motor Co <7267.T> reported an unexpected quarterly profit and raised its annual outlook by more than a third, as Japan's No.3 automaker rebounded quickly from a severe parts shortage caused by the March 11 earthquake.
Why is Apple delaying the release of iPhone 5? Whatever it is, one thing is quite sure that the new iPhone will hit the market in the midst of an economic crisis.
China said on Monday that Islamic militants had mounted an attack that left 11 people dead in the restive western region of Xinjiang, which announced a crackdown on "illegal" religious activities at the start of the Muslim fasting month.
HSBC reported a surprise increase in first half profit and said it remained positive on the prospects for emerging market economies, even if the United States and Europe are likely to remain sluggish.
The dollar rallied against the yen and the Swiss franc on Monday as investors unwound safe-haven plays on expectations U.S. lawmakers would pass a deal to raise the country's borrowing limit, averting the risk of an immediate default.
Brent crude futures hit a 6-week high on Monday, topping $120 a barrel, due to a relief rally after Washington reached a last-minute deal to escape default.