MARKETS / FINANCE

President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed Buffett Rule, which would slap a minimum tax on the highest-income Americans.

Danish oil and shipping group A.P. Moller-Maersk said on Monday partner and shipowner Maersk Mc-Kinney Moller died on April 16.

Bank of Japan Governor Masaaki Shirakawa said on Monday he was continuing to monitor the risk that Europe's debt woes could affect Japan's banking system, just as renewed fears about the euro zone spooked financial markets.

President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung on Monday when the U.S. Senate is slated to vote on the proposed Buffett Rule, which would slap a minimum tax on the highest-income Americans.

South Korea's central bank on Monday trimmed its forecast for economic growth in Asia's fourth-largest economy this year due to a global downturn and weak domestic demand.

After suffering their worst two weeks of the year, stocks will look to quarterly earnings to determine whether the recent pullback has been exhausted or more losses are justified.

Swiss bank Credit Suisse could announce the loss of up to 5,000 jobs in its investment banking business at its forthcoming first-quarter results, a Swiss newspaper reported on Sunday.

China's weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world's second biggest economy has successfully steered a course past a hard economic landing.

In the 100 years since the Titanic sinking, how much has actually changed in the cruise ship industry?

Tensions among some of the world's leading economies have boiled up over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis, and a quest by emerging economies to win more say in the global lender.

An unusual stock split designed to preserve Google Inc founders' control of the Web search leader raised questions and some grumbling on Wall Street, even as investors focused on the company's short-term business concerns.

After suffering their worst two weeks of the year, stocks will look to quarterly earnings to determine whether the recent pullback has been exhausted or more losses are justified.

Google Inc shares tumbled 4 percent on Friday as Wall Street ignored the Internet search giant's plans to split its stock and focused on a decline in advertising rates and other worrisome business trends.

Not everyone is happy with the campaign being waged against AOL Inc by activist hedge fund Starboard Value -- namely some of the other top shareholders of the fallen Internet icon.

Hundreds of legacy Bank of America brokers may form the next wave of departures from Merrill Lynch after many recently pocketed their retention bonuses, recruiters and former brokers say.

Tensions among some of the world's leading economies are on a boil over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis and a quest by emerging economies to win more say in the global lender.

U.S. stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging.

Less than four months after new technology company SocialFlow Inc moved from the fashionable digs it shared with six other firms in Manhattan's chic Meatpacking District, it is again looking for more office space.

Stocks closed their worst two-week slide since November with a selloff on Friday as disappointing China growth data sparked worries the global recovery was flagging.

Harmony Gold, South Africa's third-largest gold producer, on Friday became the latest miner to report a sharp drop in output in the first 3 months of 2012 because of an increase in government-ordered safety stoppages.

Gold prices slipped below $1,670 an ounce on Friday, pausing in their biggest one-week rally since late February as the dollar firmed against key currencies, with the euro falling out of favour due to worries over Spain's financial health.

Goldman Sachs Group Inc Chief Executive Lloyd Blankfein's compensation increased 14.5 percent to $16.2 million in 2011 despite a sharp decline in profits and share price during the year, leaving the bank open to more attacks on its pay policies.

U.S. stocks fell on Friday and were on track to end a second straight week lower as concerns about the pace of global growth sparked a selloff in financial shares.

A surge in mortgage banking income helped lift Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concerns that the bank is falling behind on its drive to cut expenses.

Wall Street was on track to end the week lower on Friday as the rising cost of insuring Spanish debt against default increased worries about Europe's financial health, sparking a selloff in financial stocks.

An uptick in trading and dealmaking lifted JPMorgan Chase & Co's first-quarter profits out of the funk of late 2011, but the recovery fell short of the good times the largest U.S. bank enjoyed a year ago.

Consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine spending.

A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.

Stocks fell on Friday on renewed concerns about the euro zone after the cost of insuring Spanish debt against default hit a new high.