MARKETS / FINANCE

Oil fell to below $65 a barrel on Monday and touched a five-week low earlier in the session, pressured by doubts over the prospects for a recovery in the global economy and energy demand.

Some main events coming up this week.

India's Tech Mahindra said on Monday it would still look to boost its stake in Mahindra Satyam through a purchase of new shares direct from Satyam, after a public offer received a poor response.

The Group of Eight nations should not presume a global economic recovery is near, World Bank President Robert Zoellick said in a letter to G8 host Italian Prime Minister Silvio Berlusconi obtained by Reuters on Monday.

Oil fell to around $64 a barrel on Monday and touched a five-week low, pressured by doubts over the prospects for a recovery in the global economy and energy demand.

Wall Street was poised to fall nearly 1 percent at the open on Monday, weighed by worries about the potential strength and timing of an economic recovery as a slump in oil prices was set to pressure energy shares.

U.S. stock index futures pointed to a lower open on Monday with a slide in oil prices set to weigh on energy shares and as investors remained anxious about the potential strength of the economic recovery.

Oil fell to around $64 a barrel on Monday and touched a five-week low, pressured by doubts over the prospects for a global economic recovery.

Oil fell to a five-week low toward $64 a barrel on Monday, pressured by doubts over the prospects of an early global economic recovery and a firmer dollar.

Stock futures pointed to a lower open on Wall Street on Monday following a long weekend, as oil tumbled nearly $3 a barrel on mounting doubts over a quick economic recovery.

Oil fell to a five-week low near $64 a barrel on Monday, pressured by doubts over the prospects of an early global economic recovery and a firmer dollar.

Markets got off to a hesitant start Monday as investor doubts on the staying power of a global recovery kept Asian stocks soggy and currencies subdued ahead of a much-expanded Group of Eight meeting this week.

France and Russia on Sunday urged a debate about the world's reserve currencies, but China said the dollar would keep its pre-eminence for many years to come.

If the majority of Wall Street economists are right, the U.S. recession will end this quarter and the global recovery won't be far behind.

Florida regulators seldom checked the Miami operations of Allen Stanford after giving the accused fraud master unprecedented freedom to send cash overseas and sell investment securities, the Miami Herald newspaper reported on Sunday.

World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy.

Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.

About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.

Oracle Corp's plan to buy computer maker Sun Microsystems will be notified to European Union antitrust authorities this month, a source familiar with the deal said on Friday.

Global semiconductor sales rose 5.4 percent in May sequentially, reflecting a slow pick up in demand for products such as mobile phones and personal computers that use chips, according to the Semiconductor Industry Association (SIA).

Microsoft Bing Travel is unavailable for services due to an accidental fire at a Seattle building where Bing Travel data reside.

Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.

The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.

Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.

Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.

Oil fell toward $66 a barrel on Friday, adding to a drop of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.

Firefox on Thursday gained ground after the launch of its newest its launch on June 30, gaining 2 percent share in the US market against its rival internet browsers.

Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in IOUs to avoid a cash crisis on the second day of a new fiscal year without an agreement to balance the state's books.

Corrects vice-minister's name in paragraph eight