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Chinese Girls Commit Suicide: Government Blames Time Travel TV Shows

The case of the girls who drowned in Zhangzhou is an odd one since time travel seems such a trivial topic -- not worthy of state media efforts to spin tragedy into propaganda.

Youku to buy Tudou, creating China online video giant

China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth over $1 billion, creating an industry leader with more than a one third share of a market that is losing money as it battles rising costs.

Citigroup could be surprise winner in stress tests

Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks.

Jeremy Lin Drives Against 3 Dallas Mavericks, Including

Linsanity Is Dead: Knicks Record, TV Ratings, Ticket Interest All Down

Linsanity has officially ended.

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CBOE happily solo, no need for M&A: CEO Brodsky

The Chicago Board Options Exchange sees no need for a merger and is happily solo, CBOE Holdings Inc CEO William Brodsky said on Monday.

Wall Street edges down with eyes on Fed, China

The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

Visitors watch a presentation about cloud computing at an IBM booth

IBM Shares Stay Above $200 As New CEO Predicts Further Profit Gains

Shares of IBM set a new high of $201.57 after new CEO Virginia Rometty said the No. 2 computer services company was “uniquely positioned” to deliver benefits of “a gusher of data” flowing into the global economy.

Wall Street ticks lower with eyes on Fed, China

The S&P 500 and Nasdaq fell on Monday as economic data in China and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.

PepsiCo deepens management bench

PepsiCo Inc revamped its global structure on Monday in a move that deepens its management bench and could pave the way for an eventual successor to Chief Executive Indra Nooyi.

Mine workers listen to Zwelinzima Vavi, COSATU General Secretary, during his address at the Impala Platinum mine in Rustenburg

South Africa: Will The Mining Sector Be Nationalized?

Black economic empowerment laws call for the transfer of about 25 percent of mining equity to black South Africans

Wall Street flat after trade data; FOMC eyed

Stocks were flat on Monday as economic data in China and this week's Federal Open Market Committee announcement gave investors reason to pause after a three-day rally.

Start-ups try to cut through the clutter at SXSW tech show

Venture capitalists have some insights for startup entrepreneurs trying to break out at Austin's South By Southwest Interactive, a mecca for the technorati that runs through Tuesday.

Freeport Indonesia's Grasberg Is Up And Running

Work at the Grasberg mine in eastern Indonesia run by Freeport-McMoRan Copper & Gold Inc resumed as expected on Monday for the first time since a suspension on Feb 23, according to the company and the union.

Ghana's Full-Year Gold Output To Rise In '12

Ghana's full-year gold production declined by a few percentage points last year but is expected to rise in 2012, the head of its Chamber of Mines said on Friday.

PepsiCo shakes up global structure

PepsiCo Inc said it was taking the essential step of changing its global structure by creating the new job of president to integrate its sprawling operations worldwide, and was bringing back a former executive to head its food and snacks business in the Americas.

Gold Edges Lower As Dollar Rallies

Gold edged lower on Monday after equities reversed gains and the U.S. dollar rallied to the highest in more than a month, but some investors opted to stay on the sidelines ahead of a U.S. Federal Reserve meeting this week that could weigh on the precious metal.

Oracle lacks catalysts, says Jefferies

Oracle Corp, the world's No. 3 software maker, lacks catalysts for growth as its integrated systems business is seeing slower-than-expected adoption and software unit is facing higher competition, Jefferies & Co said and downgraded the stock to hold.

Yuan midpoint sees 2nd biggest drop ever, PBOC signals bigger swings

The People's Bank of China set the yuan's midpoint against the dollar sharply lower on Monday, the second biggest single-day fall on record and the latest signal that China is willing to let its currency move within a wider range.

Goldman Sachs to hold board meet in India: source

Goldman Sachs Group Inc will hold its annual board meeting in India later this month in a sign of the U.S.-based bank's commitment to one of the fast-growing emerging markets, a source with direct knowledge of the matter said on Monday.

Shares dented by growth, rates outlook; euro steady

Shares and the euro began trading within narrow ranges on Monday, retracing some of last week's gains, as investors paused to assess the effect of strong U.S. jobs data on the growth outlook and the potential for an end to central bank policy easing.

Nokia to shut Indian mobile money service

Nokia will close down Nokia Money, a financial service it runs in India, as it continues to narrow its focus on its phone business and location-based services.

Greek debt swap could be short-lived reprieve

Greece's deep recession and unpredictable elections threaten to turn the biggest debt restructuring in history into yet another short-lived reprieve, although the existential threat posed to the euro zone is not what it was.

Emerging markets join the dividend race

Global investors in search of high-dividend equity plays are heading to emerging markets, abandoning their view of these stocks as a predominantly growth-based investment.

Taiwan stocks end down, dragged by HTC and LCD makers

Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers , as investors took profit from their previous gains.

China to be more creative with FX reserves: central bank

China will manage its $3.2 trillion of foreign currency reserves more creatively to ensure effective results, its central bank said on Monday, as it vowed to work harder to free the country's tightly controlled financial markets.

China's Sina sees 60 pct of Weibo users verified by deadline

China's Sina Corp estimates 60 percent of the users of its popular microblogging Weibo platform would have registered their real identities by a March 16 deadline in compliance with government regulations, a company spokesman said on Monday.

Japan PM says yen still overvalued, finance minister repeats warning

The yen remains overvalued despite its recent steep fall from historic peaks versus the U.S. dollar, Japan's prime minister said on Monday, while the country's finance minister kept up a warning against speculative currency moves.

Japan machinery orders rise, capex recovery seen

Japan's core machinery orders rose at a faster pace than expected in January in a sign that rebuilding the country's tsunami-battered northeast coast could propel capital expenditure and support the fragile economy.

Japan's Noda: yen still relatively overvalued

The yen is still relatively overvalued despite its recent steep fall from historic peaks versus the U.S. dollar, Japanese Prime Minister Yoshihiko Noda said on Monday.

Yuan mid-point sees 2nd biggest single-day fall on record

The People's Bank of China on Monday fixed the yuan's mid-point against the dollar sharply lower, its second biggest single-day fall on record, in the latest sign China intends to let its currency move in a wider range.

Citi names Tague M&A co-head

Citigroup Inc has appointed Peter Tague, a veteran of its investment banking operation based in New York, as co-head of its global mergers and acquisitions group as it seeks to bolster its market share in landmark and cross-border transactions.

Investors back hedge funds as performance rebounds

Investors ploughed more money into hedge funds over the past month, data from hedge fund administrator GlobeOp shows, as hopes of a resolution to the euro zone debt crisis and a rebound in markets boosted confidence after last year's losses.

Stocks may avert pullback - again

For a moment, U.S. stocks looked like they were headed for a long-awaited pullback last week.

China sacrifices growth to satiate inflation dragon

If inflation is a dragon that must be slain, China's Premier Wen Jiabao has shown he is willing to sacrifice a part of the country's most vital asset to do so -- growth.

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