IBT Staff Reporter

49231-49260 (out of 154954)

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.

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.

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.

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.

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.

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