Spain's budget deficit was confirmed at 8.5 percent of economic output in 2011 by the EU's statistics office Eurostat on Monday, dispelling doubts about the new Spanish government's reading of its national accounts.
In the 1990s, Huawei CEO Ren Zhengfei visited the United States several times, hoping to learn from its leaders of industry about how to turn his Chinese telecoms equipment maker into a global company. On one trip in 1992, in the days before China had credit cards, he paid all his bills with cash from a $30,000 stash in his briefcase.
Stock index futures were sharply lower on Monday as political uncertainty in Europe raised new questions about how effectively the region would tackle its sovereign debt crisis.
China and Germany, the world's two biggest exporters, can nearly double their bilateral trade in the next three years, but must also improve their market access and combat protectionism, Chinese Premier Wen Jiabao said on Monday.
Stock futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.8 to 0.9 percent.
Internet and network security provider Check Point Software Technologies reported higher first-quarter net profit that beat estimates on Monday, boosted by sales growth and new products.
Alibaba.com Ltd, China's largest listed e-commerce company, posted a 25 percent slide in first-quarter earnings on Monday, weighed by a stagnant paying member base and higher operating expenses.
Germany's manufacturing sector unexpectedly shrank at the fastest pace in nearly three years in April, denting hopes it can drive growth in the euro zone and
China's hot Internet sector is facing a problem it is unaccustomed to: a lack of money.
Fresh from a big victory in raising $430 billion for the International Monetary Fund, Christine Lagarde's tougher test as head of the global lender will be finding a way to give emerging economies more influence.
U.S. stock futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.8 to 0.9 percent.
Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.
The euro edged down from two-week highs and shares weakened on Monday as political developments in France and the Netherlands raised fears about the region's commitment to tackle its ongoing debt crisis.
After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, U.S. clothes retailers are fighting back.
China will take a gradual approach to yuan reform and will not be in a hurry to free up deposit rates offered by banks, as it seeks to rebalance its economy and deepen its financial markets.
Asian shares and the euro eased on Monday, but losses were kept in check after a report showed Chinese factory activity stabilizing in April, alleviating worries about a sharp growth slowdown in the world's second-largest economy.
The head of the International Monetary Fund on Sunday renewed a push to fully fund a $17 billion lending package for poor countries, which are threatened by high oil prices and the risk of euro-zone contagion.
Allegations that Wal-Mart Stores Inc stymied an internal investigation into extensive bribery at its Mexican subsidiary is likely to lead to years of regulatory scrutiny and could eventually cost some top executives their jobs, analysts said.
European Central Bank officials showed no sign of bending to renewed international pressure to do more to boost the euro zone's struggling economy.
A shortage of domestic coal has postponed the construction of new power plants in the energy-starved country.
Royal Bank of Canada expects to double the number of wealth management employees in its Dubai office in the near future, and is open to opportunities for acquisitions, a senior executive said on Sunday.
Bank of Japan Governor Masaaki Shirakawa has been doing his best to keep in check expectations of major new stimulus by the central bank next week.
Leading world economies on Friday pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.
Bank of America Corp directors, who were sued by shareholders for allegedly paying too much for Merrill Lynch & Co in 2008, must defend a proposed $20 million settlement of the claims in federal court in New York, court papers show.
Sanjay Jha, the chief executive to Motorola Mobility, was awarded a total compensation package of about $47 million in 2011, almost four times his 2010 pay, according to a regulatory filing.
India -which criticized the sanctions by the U.S., United Nations and European Union - recently became Iran's top oil buyer.
Francois Hollande is France's Socialist candidate for the 2012 French presidential campaign.
Law firm Greenberg Traurig LLP on Friday said it has had preliminary discussions about hiring lawyers from Dewey & LeBoeuf LLP, which is struggling amid high debt and a raft of partner defections.
Google Inc's former chief executive Eric Schmidt received a bump in his annual salary to $1.25 million from the $1 he received in the previous year, after he became the executive chairman of the company in April 2011.
Chesapeake Energy Corp , in response to a Reuters report earlier this week, will disclose to shareholders the existence of loans its CEO Aubrey McClendon took out against his interest in thousands of wells granted to him as a corporate perk, according to a regulatory filing on Friday.
