China's state-run Xinhua news agency launched a new broadside against Google Inc on Monday, saying in an angry commentary that the company had reneged on promises to abide by Chinese law.
The president of the European Commission challenged German Chancellor Angela Merkel to rise above domestic politics and agree on a financial safety net for debt-stricken Greece to help preserve European monetary union.
Stock index futures fell on Monday as the passage of sweeping healthcare reform and uncertainty over Greece's debt crisis revived investor risk aversion.
Cheap U.S. healthcare stocks should perform well in the next few months now that legislative uncertainty about reform in the sector has been removed, said Legg Mason Inc fund manager Bill Miller.
With speculation swirling that Google Inc will soon announce the closure of its China-based Internet portal, the reaction from some Chinese has been hurry up and leave, or simply: so what?
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.52 percent, Dow Jones futures down 0.38 percent and Nasdaq 100 futures down 0.47 percent.
European leaders sent out conflicting signals at the weekend over aid to Greece, with Germany's Angela Merkel urging Athens to solve its debt problems alone and Italy's Silvio Berlusconi strongly backing EU support.
China's yuan could become a reserve currency accounting for at least five percent of global foreign-exchange reserves as early as 2025, central bankers said in an annual global survey.
Bank of America Corp Chief Executive Brian Moynihan is making his first trip to China this week as the U.S. lender pushes to catch up with rivals in the world's fastest-growing economy, the Wall Street Journal reported, citing people familiar with the situation.
Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan.
Greece can go without borrowing until the end of April and has not yet decided when it will tap capital markets for funds to refinance maturing debt, the country's deputy finance minister said on Sunday.
Fueled by growing concern over the Greek debt crisis, the euro is positioned for a severe clobbering at the hands of its safe haven counterparts. The US dollar, Japanese yen and Swiss franc should enjoy disproportionately favorable gains against the euro in the coming weeks of trading or until a meaningful resolution to the debt crisis can be found.
The Labour government will unveil a 2 billion pound ($3 billion) green investment bank in Wednesday's budget to help Britain's transformation to a low carbon economy, a government source said on Sunday.
The former chief executive of American International Group Inc, Maurice Hank Greenberg, reached a deal to sell most of the shares he holds in the insurer to a unit of Swiss bank UBS.
With a severe lack of confidence that a Greek rescue package would eventuate commodities, in particular gold, were sold off aggressively during Friday's offshore session.
The United States has thrown trillions of dollars at the slumping housing market and it still looks wobbly.
Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way this week as the recent rally appears to be fraying.
Credit Suisse said it is restricting bankers' travel to Germany after authorities there said they had launched 1,100 tax evasion probes against the bank's clients and were investigating staff on suspicion of aiding evasion.
Dubai's debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees, analysts said.
Financial investors are interested in acquiring Metro's department store chain Kaufhof and Arcandor's Karstadt chain, aiming to merge them into one, two people familiar with the matter said on Sunday.
Combined support for Greece from the IMF and the European Union would be the best way to help the over-borrowed country deal with its debt crisis, OECD Secretary General Angel Gurria said on Sunday.
China's state media on Sunday accused Google Inc of pushing a political agenda by groundlessly accusing the Chinese government of supporting hacker attacks and by trying to export its own culture, values and ideas.
Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year, the No. 2 official at the IMF said on Sunday.
China's trade balance could turn to a deficit in March, commerce minister Chen Deming said on Sunday, adding that adjustments to the yuan's value would not by itself resolve global trade imbalances.
Novell Inc spurned a $2 billion takeover offer from investment fund Elliott Associates on Saturday, calling the bid inadequate and saying it undervalued the business software maker.
After China, platinum jewellery is making inroads in India now. Till now, Indians have been ardent lovers of gold, buying it on every auspicious occasion. Indians are the biggest consumers of the yellow metal in the world. But, things are changing slowly. Platinum is the new craze for younger generation and they go for the white metal.
A former Lehman Brothers Holdings Inc executive warned months before the bank's collapse that senior management was potentially misleading investors and regulators about the value of the firm's assets, the Wall Street Journal reported on Saturday.
German Finance Minister Wolfgang Schaeuble said only the most extreme circumstances could justify a bailout of a European Union state from within the union, and any such aid would have to be delivered bilaterally.
An insolvency mechanism should be set up for nations that are unable to manage their debts, Horst Koehler, Germany's president and a former head of the International Monetary Fund, said in an interview on Saturday.
The trillion dollar Islamic finance industry is looking beyond the troubles of Dubai developer Nakheel at possible reforms that could help draw more interest from Western players.
