IBT Staff Reporter

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Sweet-toothed investors eye candy bond

Chocolate lovers may have something rare to sink their teeth into with the issue of the UK's first ever chocolate bond, where investors can make significant returns in the form of chocolate rather than cash.

East Africa's monetary goal undaunted by euro woes

East African Community, a five-nation trade bloc that aims to have a monetary union in 2012, said on Monday that problems in the euro area will serve as a lesson but will not discourage its move to a single currency. East African Community (EAC) comprises Uganda, Kenya, Tanzania, Uganda and Burundi. It already has a customs union, and a common market is due to take effect in July. After the monetary union, it eventually aims to have a political federation.

Stock futures lower as Spain's bailout of bank weighs

Stock index futures pointed to a fall of more than 1 percent at the open on Monday as a Spanish government bailout of a local bank refocused attention on a European debt crisis, which investors fear could derail the global economy.

Samsung, Sony chiefs may discuss 3D TV deals, LCD supplies

Just days after unveiling a Sony-branded Internet TV with Google, Sony's chief executive is set to meet rival Samsung Electronics, for possible alliances, as the Japanese consumer electronics maker aims to turn its TV business profitable with aggressive sales targets.

U.S. plays down European crisis but China worried

The United States suggested Europe's debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too.

China holds door open a crack to U.S. on yuan

China struck a conciliatory note in talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.

Campbell profit dips

Campbell Soup Co posted higher sales in its key U.S. soup market, helped by increased promotional spending.

Oil rises above $70 but pessimism lingers

U.S. crude rose above $70 a barrel on Monday, recouping some of last week's losses, but analysts said sentiment remained fragile and prices could again be hit by macroeconomic pessimism.

Equities recover some composure after battering

World stocks recovered some composure on Monday with emerging markets leading the way after a late Friday rally in banking shares on Wall Street ended what was otherwise a dismal week for equities investors.

China avoids commitment to U.S. on currency

China struck a conciliatory note at the opening of talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.

Oil snaps 3-day losing streak

Oil snapped three straight sessions of declines and rose more than 1 percent toward $71 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.

Euro gives ground while Asian stocks remain firm

The euro struggled to hold on to gains on Monday as investors sold into its latest bounce, while Asian stocks recouped ground from last week's eight-month lows on fears the euro zone debt crisis will hit world economic growth.

Oil edges up above $70 in Asian trade

World oil prices advanced above $70 a barrel in Asian trade Monday but remained highly volatile, analysts said. Light sweet crude for July delivery was seen trading at $70.35 a barrel at 11.00 a.m Singapore time while Brent crude eased to $71.21 a barrel at the same time in London.

Gold sale profit to hit $5.1 billion : IMF

The IMF said Sunday it expects to record a profit of $ 5.1 billion from the sale of gold in the financial year ended April 30, 2010. In a statement, the International Monetary Fund, which sold gold to member countries including India last year, said gold sales is a part of the multilateral lending agency's new income model, mainly aimed at increasing its resources to lend to low-income countries.

Gold advances on investor confidence

Gold prices moved up in Asian trade Monday as investors remained confident on yellow metals status as a safe haven asset in troubles. Gold for immediate delivery was seen trading at $ 1184.51 an ounce at 11.30 a.m Singapore time while gold futures for June delivery was at $US1185.10 an ounce at the same time. Analysts said, Long-term investors maintained their affinity for the precious metal despite the recent rise in volatility in other markets, including stocks.

Euro gives ground and Asian stocks weak

The euro struggled to hold on to gains on Monday as investors sold into its latest bounce, while Asia stocks fell to hover just above eight-month lows hit on Friday on fears the euro-area debt crisis will hit world growth.

China's Hu tells U.S. he wants gradual yuan reform

China will stick to gradual reform of its yuan currency, President Hu Jintao told the United States at the start of high-level talks on Monday in which North Korea emerged as a point of potential contention.

Rio Tinto says Australia is top sovereign risk

Global miner Rio Tinto described Australia as its top sovereign risk on Monday and said it was reviewing all investments there as its raised pressure on Canberra to overhaul its planned new mining tax.

Eat your way to a perfect tan

Researchers discovered that eating more fruits and vegetables could be a way to a perfect tan rather than baking in the sun.

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