IBT Staff Reporter

Roger Federer will face Jo-Wilfried Tsonga in the quarterfinals of the US Open, in a rematch of the Wimbledon quarters earlier this year, after a straight-sets victory against Juan Monaco, before which Novak Djokovic fought past Alexandr Dolgopolov.

Sep 06, 2011

European financial markets steadied on Tuesday, with the euro jumping against the Swiss franc, after a sharp sell-off a day earlier due to fears for the euro zone's future and that of its banking sector.

Sep 06, 2011

Spot gold climbed more than one percent to a record high above $1,920 on Tuesday, as concerns about a worsening euro zone debt crisis and stalled global growth drove investors out of from riskier assets to safe havens, including gold.

Sep 06, 2011

China has begun work on an 18-month reshuffle of its top economic and regulatory policy officials as part of a leadership transition that will see President Hu Jintao and Premier Wen Jiabao hand their posts to a younger generation.

Sep 06, 2011

Apple Inc said on Tuesday it will open its first Hong Kong retail store this quarter and is targeting another Shanghai store opening by the end of the year.

Sep 06, 2011

Japan's Toshiba Corp is in talks with Shaw Group over the U.S. company's 20 percent stake in nuclear power plant company Westinghouse Electric Co, a person familiar with the matter said.

Sep 06, 2011

Athens may ask its euro zone partners that its second bailout, agreed by EU leaders in July, expire a year earlier than currently planned because of a higher than expected deficit, newspaper Kathimerini said on Tuesday.

Sep 06, 2011

The global economy is unlikely to fall back into recession but there are risks, World Bank President Robert Zoellick said on Tuesday.

Sep 06, 2011

Asian shares fell and U.S. Treasury yields dropped to the lowest levels in at least 60 years on Tuesday on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.

Sep 06, 2011

Asian shares and the euro fell on Tuesday, gold jumped to a fresh record while European stocks appear set to slide further on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.

Sep 06, 2011

China's economic growth in 2012 may drop below 9 percent for the first time in a decade, a senior Chinese foreign exchange official said on Tuesday, underlining the gloom in Beijing over the deteriorating health of the global economy.

Sep 06, 2011

Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U.S. residents in secret accounts at Swiss banks, possibly up to $30 billion, a newspaper reported on Tuesday.

Sep 06, 2011

New Jersey alternative rock band, My Chemical Romance, fired their drummer, Michael Pedicone, claiming that he was caught stealing from the band.

Sep 06, 2011

The maids of The Help didn't take the Labour Day weekend off. The surprise summer hit held firm at the top of the domestic box office for the third straight week with $19 million in ticket sales

Sep 06, 2011

Dell Inc said on Tuesday it will partner China's top search engine Baidu Inc to develop tablet computers and mobile handsets.

Sep 06, 2011

The rupee dropped for a second straight session on Tuesday in tandem with weakness in the euro, Asian peers and local shares as worries over global growth deepen.

Sep 06, 2011

India's cabinet approved on Monday a bill to reform land acquisition, aimed at giving farmers a better deal while helping fast-track industrialisation in Asia's third-largest economy.

Sep 06, 2011

Dell Inc plans to partner with China's top search engine Baidu Inc to develop tablet computers and mobile phones, targeting the Chinese market now dominated by Apple Inc and Lenovo devices.

Sep 06, 2011

The BSE Sensex fell 0.5 percent on Tuesday, tracking Asian peers that fell on fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.

Sep 06, 2011

Firefighters tried to contain a raging wildfire that engulfed thousands of acres of drought-stricken areas of Texas on Monday. At least 476 homes were destroyed in a massive Bastrop County fire that raged into second day after erupting on Sunday, said state officials on Monday.

Sep 06, 2011

China's economic growth may ease to below 9 percent in 2012, partly due to a weak global economy, a senior Chinese foreign exchange official said on Tuesday, backing market expectations that the world's No. 2 economy is set for a mild easing.

Sep 06, 2011

China's economic growth may ease to below 9 percent in 2012, partly due to a weak global economy, a senior Chinese foreign exchange official said on Tuesday, backing market expectations that the world's No. 2 economy is set for a mild easing.

Sep 06, 2011

Japan's Toshiba Corp is in discussions to buy out U.S.-based Shaw Group's 20 percent stake in nuclear power plant company Westinghouse Electric Co, the Wall Street Journal reported, in a deal that would erase all American ownership of the 125-year-old Westinghouse.

Sep 05, 2011

Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.

Sep 05, 2011

Australian banks will need to meet new global capital rules ahead of the internationally agreed timetable under proposals made on Tuesday, although the move is unlikely to force any of them to raise any new equity immediately.

Sep 05, 2011

About 300,000 Internet users in Iran have been spied on last month by one or several hackers who stole security certificates from a Dutch IT firm, a report presented by the Dutch government said on Monday.

Sep 05, 2011

The moon has fascinated mankind for centuries and has been studied by humans for hundreds of years, but Earth's natural satellite is still shrouded in many mysteries.

Sep 05, 2011

Stock futures tumbled more than 2 percent on Monday in electronic trading, hit hard after European markets slumped on renewed fears the euro zone's sovereign debt crisis is worsening.

Sep 05, 2011

Australia on Tuesday proposed its banks conform to minimum capital requirements faster than global rules as expected, though the proposal is not seen pushing the well-capitalized banks to raise equity immediately.

Sep 05, 2011