IBT Staff Reporter

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Europe faces week of challenges in debt crisis

Europe faces a string of political and legal tests this week that could hurt efforts to resolve its sovereign debt crisis and increase pressure for governments to try more radical solutions.

Europe set to fall again as growth gloom hits stocks

European shares were set for sharp losses on Monday after Asian stocks slid and the euro hit a three-week low against the dollar, as fears of a renewed U.S. recession and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets.

Tech IPOs could lead the way post-Labor Day

It's been a rough summer for U.S. initial public offerings after the stock market nosedived, but tech issues could see strong demand after bankers and fund managers return from vacation in September.

HK's schooling woes dim city's role as financial hub

As global companies expand in Asia, financial hubs such as Hong Kong are suffering a shortage of international school places that may blunt the city's competitive edge against regional rivals including Singapore.

China needs to rebalance economy: World Bank chief

China needs to rebalance its economy by boosting consumption since the country cannot rely on exports and investment alone to drive growth over the longer term, World Bank President Robert Zoellick said on Monday.

Asia stocks, euro fall on U.S. growth gloom

Asian stocks fell and the euro slipped to a three-week low against the dollar on Monday as fears of renewed recession in the United States and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets.

Chaz Bono says America really needs him on Dancing

The viewing public might be split on Chaz Bono's participation on the upcoming season of Dancing With the Stars, but the way he sees it, his inclusion on the show is just what the doctor ordered for this country.

German Court Bans Sales of Samsung's New 7.7-inch Tablet

Samsung Electronics Co has stopped promoting its new tablet computer at Europe's biggest consumer electronics fair after a court-ordered sales injunction in Germany, the latest setback in its global patent battle with Apple Inc.

Italy pledges to meet debt goal as worries grow

Economy Minister Giulio Tremonti promised on Sunday to meet Italy's budget commitments after the European Central Bank stepped up pressure for action by the struggling center-right government.

China bought back a lot of BofA assets: report

A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.

Italy minister says no pressure on ECB over bonds

Economy Minister Giulio Tremonti promised on Sunday to meet Italy's budget pledges after growing speculation over whether the European Central Bank may cut back its purchases of Italian government debt.

Quick steps to tackle strong yen needed: Japanese econ ministers

Economics Minister Motohisa Furukawa said on Sunday he and three other economy-related ministers in Japan agreed that measures to respond to a firmer yen need to be compiled quickly to alleviate the negative effect of the currency's appreciation on the domestic economy.

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