IBT Staff Reporter

China will increase spending on police, militia and other domestic security arms by 11.5 percent to $111 billion this year, figures released on Monday showed, ahead of a leadership succession that has kindled fear of instability.

Chinese Premier Wen Jiabao cut his nation's growth target to 7.5 percent for 2012 to give the economy more room to slow down if needed while the government carries out promised economic and welfare reforms ahead of a looming leadership transition.

China's Premier Wen Jiabao cut the country's growth target to 7.5 percent for 2012 in a bid to find leeway for promised economic and welfare reforms while delivering stability ahead of a leadership transition later this year.

U.S. bank Wells Fargo has drawn up plans to build up its overseas operations and wants to expand into 20 markets worldwide, the Financial Times reported on Monday.

A team of top proprietary traders at JPMorgan Chase & Co is set to launch what is likely to be one of the largest hedge fund start-ups in 2012, the Financial Times reported on Sunday.

Enbridge Inc said on Sunday a key segment of its oil pipeline system in the U.S. Midwest will remain shut down for up to four more days after a deadly vehicle accident in Illinois caused an oil leak and fire, likely squeezing supplies for refiners in the region.

American International Group is looking to raise about $6 billion by selling part of its stake in Asia subsidiary AIA Group Ltd in a long-awaited move to help the bailed-out U.S. insurer repay the federal government.

American International Group is looking to raise about $6 billion by selling part of its stake in Asia subsidiary AIA Group Ltd in a long-awaited move to help the bailed-out U.S. insurer repay the federal government.

A lack of agreement between media company MVS and the Mexican government over how to unlock a private broadband project is threatening to shelve the plan for several more years as growing court appeals cloud the case.

Deutsche Bank has shuffled some of its senior U.S. investment bankers, appointing Jim Ratigan as co-head of Americas M&A, an internal memo obtained by Reuters showed.

Australia's Coca-Cola Amatil said it had decided not to buy Fosters' spirit and spirit ready-to-drink business after inspecting the books, and it expects to spend up to A$70 million ($75.29 million)to buy two other businesses.

Enbridge Inc said on Sunday a key segment of its oil pipeline system the U.S. Midwest will remain shut down for an undetermined period after a deadly vehicle accident in Illinois caused an oil leak and fire, likely squeezing supplies for refiners in the region.

Bailed-out insurer American International Group Inc has announced the sale of shares of Hong Kong-based AIA Group Ltd by means of a placing to certain institutional investors.

Residents of the storm-ravaged communities in the Midwest are reaching out to each other, neighbor to neighbor, through social media sites to coordinate disaster relief and share information.

European aerospace group EADS was considering doing without part of a development loan for its Airbus unit worth 500 million euros ($660.3 million) from the German government as a dispute escalates regarding the group moving operations from Germany, a paper reported.

United Airlines battled service problems including flight delays, faulty kiosks and jammed phone lines this weekend as it worked through technical glitches during its combination of the United and Continental Airlines reservation systems.

Decades ago, Antonis Seitanidis' family fled Asia Minor to settle in the northern Greek town of Komotini in search of a better life.

Saudi Arabia has raised the price of its flagship Arab Light crude oil for customers in Asia, who buy more than half of its crude exports, by $1.25 a barrel for April, while cutting prices for its heavy crude for European buyers, state-run Saudi Aramco said on Sunday.

BP's pipeline carrying crude from the oil hub of Cushing, Oklahoma, to its refinery in Whiting, Indiana, began increasing rates on Friday, data monitor Genscape said on Sunday.

Shares in Warren Buffett's Berkshire Hathaway could rise as much as 45 percent, according to a Barron's story that cites an investor in the company.

Shares in Warren Buffett's Berkshire Hathaway could rise as much as 45 percent, according to a Barron's story that cites an investor in the company.

United Airlines battled service delays this weekend as it worked through technology glitches during its combination of the United and Continental Airlines reservation systems.

The $64 billion global video games industry, shaken up by the likes of Zynga in recent years, may be on the verge of another identity crisis.

Enbridge Inc said on Sunday it has no indication yet when it can restart a major U.S. Midwest oil pipeline after a deadly vehicle accident in Illinois the day before caused an oil leak and fire, forcing the company to shut down the line.

SAN FRANCISCO - The $64 billion global video games industry, shaken up by the likes of Zynga in recent years, may be on the verge of another identity crisis.

As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm's performance is its biggest problem -- not the 15 years it was run by presidential hopeful Mitt Romney.

As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm's performance is its biggest problem -- not the 15 years it was run by presidential hopeful Mitt Romney.

European Council President Herman Van Rompuy warned against complacency in handling the euro zone debt crisis and stressed the need for meeting budget rules and reducing deficits.

The estimated $7.8 billion deal struck by BP Plc with businesses and individuals suing over the massive 2010 Gulf of Mexico oil spill could speed up payments to thousands of claimants and offers lawyers a potential windfall in legal fees.