U.S., Europe debt fears hit stocks
Worries about out-of-control government debt on both sides of the Atlantic swept across financial markets again on Monday, knocking stocks sharply lower and pushing up prices of bonds deemed to be safe havens.
Newsmaker: Ex-UBS Star Shakes and Stirs at BofA Asia
When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.
Warren Buffett Says View on Japan not Changed by Quake
Billionaire investor Warren Buffett said on Monday that his view on Japanese industry has not changed following the March earthquake and that he was looking for opportunities in the country.
Chelsea 1-2 Liverpool: Match Highlights [VIDEO]
Liverpool heaped pressure on Chelsea boss Andre Villas-Boas with a 2-1 win at Stamford Bridge thanks to Glen Johnson's late goal.
Alleghany near $3.4 billion Transatlantic deal: source
Alleghany Corp is nearing a deal to buy reinsurer Transatlantic Holdings Inc for about $3.4 billion, a source familiar with the matter said.
Insight: Lessons for U.S. from Canada's 'Basket Case' Moment
Finance officials bit their nails and nervously watched the clock. There were 30 minutes left in a bond auction aimed at funding the deficit and there was not a single bid.
Australian govt wins crucial support for mining tax
Australia's plan to impose a new tax on major coal and iron ore miners moved a step closer Monday after key independent MPs said they would back the legislation in return for stronger oversight of coal seam gas projects and a higher threshold where the tax kicks in.
Delphi Automotive eyes acquisitions: report
U.S. auto parts supplier Delphi Automotive Plc is seeking acquisitions to boost its Asia-Pacific presence and expand its core businesses, the company's chief executive said in an interview to the Financial Times on Monday.
Asian Shares Fall as U.S. Deficit Deadlock Looms
Asian shares fell on Monday as uncertainty remained over how euro zone leaders would respond to mounting funding difficulties for European banks, and an apparent failure by U.S. politicians to agree on deficit reduction hurt sentiment.
Australian government wins key support for mine tax
Australia's minority government won support from two key independents for its controversial 30 percent tax on iron ore and coal mines on Monday, meaning the laws should have the numbers to pass through parliament.
Global Economic Outlook Grim, China Tells U.S. Trade Visitors
Chinese Vice-Premier Wang Qishan warned Monday that the global economy remains in a grim state and that an unbalanced recovery might be the best option, at talks where senior U.S. officials warned of a souring mood at home toward China.
Global economic outlook grim: China vice-premier
Chinese Vice-Premier Wang Qishan said the global economic outlook remains grim, and that China and the United States should work together to achieve balanced economic growth.
India Federal Police Raids Bharti, Vodafone Offices
India's federal police on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government to operators between 2001-02.
Loyal Olympus workers feel betrayal over accounting scandal
Employees at Japan's Olympus Corp are feeling shock, anger and betrayal as they watch the public humiliation of a company to which many have devoted their working lives.
Private equity pioneer Ted Forstmann dies at 71
Ted Forstmann, the billionaire private equity investor and philanthropist, died on Sunday of brain cancer. He was 71.
Buffett in Japan, Spotlight on Investment
Octogenarian billionaire investor Warren Buffett arrived on his first visit to Japan on Monday, fanning speculation about his possible investments in the country's battered stock market.
Shares in Olympus Jump in Tokyo on Hopes it will Avoid Delisting
Shares in Japan's Olympus Corp jumped more than 15 percent in early trade Monday on persistent speculation that the disgraced maker of cameras and endoscopes may avoid delisting despite the accounting scandal engulfing it.
Shares in Japan's Olympus jump on hopes it will avoid delisting
Shares in Japan's Olympus Corp jumped more than 15 percent in early trade Monday on persistent speculation that the disgraced maker of cameras and endoscopes may avoid delisting despite the accounting scandal engulfing it.
Japan October exports disappoint as yen, global slowdown
Japan's exports fell at the fastest pace in five months in the year to October and the worse than expected result signaled more weakness ahead as a strong yen and sputtering global growth weigh on the recuperating economy.
Volkswagen says plans to sell over 2 million cars in China
Top German automaker Volkswagen AG is confident of selling more than two million cars in China this year and expects its growth to be faster than the industry's pace in coming years in the world's largest car market, its China chief said on Monday.
EU's Barnier: Tougher rules must precede euro bonds
Michel Barnier, the European Union's markets commissioner, said on Sunday he was in favor of euro zone countries pooling their debt together but warned that tougher oversight of national budgets was needed first.
Mila Kunis keeps her date with Afghanistan vet
Mila Kunis made a Marine's YouTube wish come true on Friday night, when the actress kept her promise to be his date at the Marine Corps Ball in Greenville, North Carolina.
Japan October exports slump as global slowdown bites
Japan's exports fell at the fastest pace in five months in the year to October, underscoring mounting concerns that sputtering global growth and a strong yen will take their toll on the world's No.3 economy as policymakers brace for contagion from the euro zone debt crisis.
Analysis: Deficit deadlock may send chill through markets
A brutal year for global investors may get even worse this week if Congress proves yet again it is too bitterly divided to deliver on its promise to reduce the gaping U.S. budget deficit.
Europe, thin volume to spark stocks
Wall Street is in for a volatile week as escalating problems in Europe's debt crisis continue to keep investors on their toes.
Sidney Crosby to Play Monday in Pittsburgh at Penguins Game
Sidney Crosby will play in the Pittsburgh Penguins home game against the New York Islanders Monday night.
Insight: Anger rises as MF Global clients see billions frozen
Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.
Insight:Anger rise as MF Global clients see $3 bln still frozen
Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.
Ghost Towns: Uncovered in Texas, and Other Famous Examples
Ghost towns and graves have been found in the remnants of Texas lakes that have tried up.
Insight: Anger Mounts as MF Global Clients See $3 Billion Still Frozen
Three weeks after MF Global's collapsed, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.