World stocks bounced sharply higher on Monday as a raft of U.S. data showed economic recovery was gathering strength, but investors remained wary over Greece's debt bailout plans.
The euro stabilized on Monday and Asian share markets rose after Greece requested emergency aid and as a raft of U.S. data showed its economic recovery was gathering strength.
Some of the biggest players in U.S. energy markets have told the Commodity Futures Trading Commission that its proposal to curb speculation is misguided and will drive investors to overseas and unregulated markets.
President Barack Obama launches a new effort on Monday to build business and social ties to the Muslim world, but analysts say the need for progress on big issues like Middle East peace will overshadow the initiative.
The six-meter high red, blue and gold ball recently painted on the side of the Alwyn alpha rig is the largest Total logo in the world -- a sign of Big Oil's growing focus on its heartlands.
The International Monetary Fund pledged on Sunday to keep working on plans to make bankers bear the burden of their own bad behavior and not to lose heart over opposition to their first ideas for a global bank tax.
With official interest rates near zero and the Federal Reserve unable to cut them any further, every policy meeting by definition brings the central bank one step closer to an eventual monetary tightening.
China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
Wall Street expects Comcast Corp to post another solid quarter of customer additions and financials, but investors increasingly worry that the No. 1 U.S. cable company could pay a price for its various ongoing regulatory run-ins.
Greece's finance minister said on Sunday that aid will arrive in time to avert the euro zone's first sovereign debt default as signs grew that a 45 billion-euro ($60.49 billion) rescue would have to be bigger.
Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses, the newspaper Sonntag reported on Sunday.
Germany's E.ON , the world's largest utility by sales, has shortlisted three bidders for the multi-billion euro sale of its U.S. business, three people with knowledge of the matter said.
Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, but conceded they may not get a deal before a crucial Senate vote on Monday.
Emails sent by Goldman Sachs Group Inc's executives on money the firm made by betting against risky mortgage securities highlight the need for transparency in financial markets, senior White House adviser Lawrence Summers said on Sunday.
World Bank members have agreed to pour more capital into the lender and give developing countries a greater voice in running the bank, Treasury Secretary Timothy Geithner said on Sunday.
Countries that weathered the global economic crisis with their financial systems relatively unscathed are being shortsighted by opposing a global bank levy, the IMF's chief said on Saturday.
Switzerland's economy minister said she hoped parliament would not link a deal between UBS and the United States on disclosing secret bank accounts with questions such as bankers' bonuses, a paper reported on Sunday.
Ford Motor Co is expected on Tuesday to post a first-quarter profit with North American production picking up amid a gradual recovery in U.S. auto industry sales overall.
World Bank member countries reached a preliminary agreement on a 3.13 percent shift in voting power to give emerging and developing nations greater influence in the global institution.
The Swiss bank UBS AG and the accounting firm Ernst & Young LLP have agreed to $250.5 million of settlements to resolve investor lawsuits over a fraud that nearly destroyed the hospital operator HealthSouth Corp.
DENVER - Offering 150,000-plus apps that have been downloaded more than 2 billion times, Apple's App Store is far and away the leading source of mobile applications driving today's mobile entertainment market.
Greece and top world finance officials raced to get rescue funds to the debt-stricken euro zone country but concern in Germany about the scale of the bailout threatened to slow down the process.
