IBT Staff Reporter

Japan hopes to explain its stance on the strong yen and how it is hurting the country's economy at this week's Group of 20 finance leaders' gathering, Finance Minister Jun Azumi said on Tuesday.

Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.

China, the largest foreign holder of U.S. government debt, will keep buying U.S. Treasuries, the official People's Daily, the ruling Communist Party's mouthpiece reported on Tuesday, citing government researchers.

Ratings agency Standard & Poor's cut Italy's sovereign credit rating by one notch, saying the country's economic growth prospects were getting weaker and planned reforms by the government would not help much.

To hear mining executives tell it, gold prices have nowhere to go but up as investors flock to the yellow metal to hedge against the languishing global economy.

A group that includes two founders of Groupon has bought the Wrigley Building, one of the most recognizable buildings in Chicago.

Siemens withdrew deposits from a large French bank two weeks ago and transferred them to the European Central Bank, in the search for a safe haven, the Financial Times reported on Tuesday.

The Canadian government looked set to legislate Air Canada's flight attendants back to work if last-ditch contract talks break down, because of concern that a strike would damage a still-fragile economy.

International lenders told Greece on Monday it must shrink its public sector to avoid running out of money within weeks, as investors spooked by political setbacks in Europe dumped risky euro zone assets.

Nokia Siemens Networks unveiled on Tuesday its new Liquid technology which promises to ease telecom network congestion and possibly change the market for such equipment for good.

Microchip heavyweights Micron Technology Inc and Hynix Semiconductor Inc conspired to squelch Rambus Inc's superior chip technology and keep it from becoming an industry standard, a Rambus lawyer argued in court on Monday.

Standard and Poor's cut its unsolicited ratings on Italy by one notch on Monday, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.

Greece hopes to clinch a deal with its lenders on Tuesday for continued aid funding, an official said, after it pledged to take on as much austerity as needed to avoid a default that could trigger deeper turmoil on already shaky global markets.

Australia's Qantas Airways canceled or delayed more than 50 flights on Tuesday after around 4,000 ground staff walked off the job as an industrial dispute over pay and the airline's plans to expand in Asia escalated.

Top video rental company Netflix Inc split off its DVD service to a separate website called Qwikster, setting off another round of complaints from customers already angry at a price increase and sending its shares down 7 percent.

It's difficult to remember, harder to spell and may go down as one of the biggest brand blunders in recent memory -- meet Qwikster.

Bank of America Merrill Lynch has recruited a former Morgan Stanley Smith Barney broker who brought in $1.8 million in revenue last year.

Jefferies Group Inc sued Nasdaq OMX Group Inc to recover tens of millions of dollars of alleged losses from being fraudulently induced to enter interest rate swap futures contracts.

Options for treating prostate cancer are expanding with the advent of novel, and more expensive, medicines, with key data expected soon for what could be one of the biggest new drugs.

Boston has something for everyone from the history buff to the sports fanatic.

U.S. conglomerate Tyco International plans to split into three publicly traded companies, positioning itself for expected consolidation in its diverse businesses and potentially making it easier for its operations to be acquired.

UBS AG is under pressure for failing to monitor an equity trader suspected of causing a $2.3 billion loss for the Swiss bank, but its exposure to U.S. class-action litigation over the scandal may be limited.

Fidelity Investments added five low-cost equity index funds to its lineup on Monday, its latest move to catch the thrifty, back-to-basics mood of investors.

The head of the World Bank on Monday said a drop in investor confidence was already feeding through to developing nations from a growing debt crisis in advanced economies and urged cooperative action.

Top video rental company Netflix Inc will rename its DVD-by-mail business and split it off to a separate website, sparking a new round of customer complaints and concern by some analysts that customers might drop the service.

International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid running out of money within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

Treasury Secretary Timothy Geithner said on Monday he believes that European leaders will incorporate some lessons and methods employed by the United States during the financial crisis as they work to quell their sovereign debt woes.

Boxing looks worse in light of the recent Mayweather-Ortiz fight.

Greece pledged to take on as much austerity as needed to secure further aid and launched talks on Monday with its international lenders that may determine if it can avoid a default.