Treasury to sell Citi common shares in 2010
The Treasury on Monday pledged to sell its 7.7 billion Citigroup Inc shares this year, a step that further reduces the government's influence on the banking giant.
Ex-IBM exec latest to plead guilty in Galleon case
Robert Moffat, a former senior executive of International Business Machines Corp whose phone conversations were recorded by the FBI in the Galleon hedge fund insider trading probe, pleaded guilty on Monday to securities fraud and conspiracy charges.
BBC bows to newspaper concerns, delays mobile apps
British state broadcaster BBC has delayed launching mobile applications delivering its news and sport free to devices like Apple's iPhone after newspapers expressed concern about direct competition.
Cost burden of chronic illness in Asia growing
(Reuters) - Chronic illnesses like heart disease, cancer and depression affect Asians as much as those in Western countries and governments must draft plans to cope with long-term costs, health experts said on Monday.
Timeline: Chinese automakers chase global profile
Zhejiang Geely Holding Group, China's largest private-run car maker, has agreed to buy Volvo cars from Ford for $1.8 billion.
Wall Street gains on quarter-end buying
Stocks gained on Monday as investors picked up recent top performers before the first quarter's end and energy company shares jumped with oil prices.
EU deal gives Greece little respite on borrowing
Debt-stricken Greece won little respite from crippling borrowing costs when it returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a last-resort financial safety net.
UAW healthcare trust to sell Ford stock warrants
The United Auto Workers healthcare trust on Tuesday plans to auction Ford Motor Co stock warrants for at least $1.27 billion, capitalizing on the automaker's share price rise to fund its retiree plan.
Consumer spending continues to improve: BEA report
Consumer spending rose for the fifth consecutive month as the U.S. struggles to add new jobs.
RIM results focus to be on price, profit margin
Research In Motion is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.
Wall St gains with energy, quarter-end buys
Wall Street advanced on Monday as major energy companies shares jumped with the price of oil and investors snapped up top performers ahead of the first quarter's end.
Major UK banks face refinancing challenge: report
Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.
iPad to hit stores Saturday as consumer test begins
After months of hype, speculation and secrecy, Apple Inc will finally put the iPad tablet to the test that truly matters: the buying public.
Geely-Volvo deal financing totals $2.7 billion: sources
China's Zhejiang Geely Holding Group has lined up total financing of $2.7 billion to back its purchase of Ford Motor's Volvo car unit, sources said on Monday.
Toyota to supply hybrid technology to Mazda
Toyota Motor and Mazda Motor announced a deal under which Japan's top automaker will supply its hybrid technology under license to Mazda, in the latest link-up within the fast-changing auto industry.
BRIC nations sign global food security pact
In a significant development, BRIC nations, (Brazil, Russia, India, China) agreed to combat hunger and boost efforts to promote food security. Agriculture ministers of BRIC on Friday signed a global food security declaration here and also agreed to pool resources to combat famine that affects more than a billion people globally.
Yuan appraisal may hit textile sector : China body
China National Textile and Apparel Council on Monday said any appreciation in the yuan will deal a heavy blow to China's powerful textile sector. In a report, China's leading textile industry association said there might be massive bankruptcies in the industry if the currency were to strengthen again.
Rio Tinto employees convicted on bribery charges
Four Rio Tinto employees who were based in Shanghai were convicted on charges of receiving bribes and obtaining commercial secrets by Shanghai Number One Intermediate Court, Rio Tinto informed in a press release. Rio Tinto said it is unable to comment on the charge regarding obtaining commercial secrets as it has not had the opportunity to consider the evidence. That part of the trial was held in closed court and no details of the case were made public until the verdicts and sentences were annou...
Gazprom Neft urges Iraq to clear mines near Badra well
International consortium led by Gazprom Neft, the oil arm of energy giant Gazprom, has requested Iraqi authorities to help clear mines at the Badra oil deposit, the Iraqi media reported on Sunday.
IEF to discuss price volatility, demand outlook
The International Energy Forum (IEF) will discuss major industry concerns including oil-price volatility and the outlook for supply and demand at is ministerial conference starts here Tuesday. The world's largest forum of energy producers and consumers, accounting for more than 90 percent of global oil and gas supply.
Kerala jewellers bank on post-Easter boom
After the slump in gold prices in Kerala, jewelers are waiting for the demand to pick up after Easter (April 4) when Christian marriages will see a rise. During the 50-day lent period prior to Easter, Christians do not conduct marriages as this is not allowed by the Church. So, many marriages are lined up immediately after the Easter.
'In India, Gold is a way of life...'
After receiving a glittering response for the initial public offering of the company, Shree Ganesh Jewellery House Ltd (SGJHL), is all set to leave landmarks in the Indian jewellery industry with its focus firm on jewellery making business with design innovation. India's jewellery business had been largely fragmented with many jewellery-makers operating on local levels. Only a few organized players are in the fray to tap the growing consumption demand of gold and silver. This has made it imminen...
China emerging as largest gold consumer: WGC
Gold is glittering in China, the largest producer and second biggest consumer of the yellow metal in the world. There is a gold buying frenzy across China that the yellow metal is becoming the best investment bet in the country.
Greece to sell 5 billion euros bond, demand softer
Greece looked set to sell 5 billion euros ($6.7 billion) in the first test of investor appetite since a European-IMF debt support deal last week but demand was less than half that of an issue earlier this month.
Bank of America continues Asia hiring push
Bank of America Corp has hired four new executives in its global banking business, including three hires in Asia, as part of its continued push into international banking.
Junk food addiction may be clue to obesity: study
(Reuters) - Bingeing on high-calorie foods may be as addictive as cocaine or nicotine, and could cause compulsive eating and obesity, according to a study published on Sunday.
Wall St rises after Greece launches bond
Socks gained on Monday as debt-stricken Greece launched a sovereign bond issue, easing worries about its problems, while investors were hopeful about key jobs data later this week.
Special report: High-rollers, triads and a Las Vegas giant
By Matt Isaacs and Reuters staffLate last autumn, a Hong Kong jury convicted four men of a conspiracy to commit bodily harm and a fifth of soliciting a murder.
Greece gets little market bounce from EU deal
Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs.
Jupiter financials star puts half his fund in cash
British fund firm Jupiter's high-profile investor in financial stocks, Philip Gibbs, has put more than half his fund into cash as uncertainty around the UK election and western government debt hamper visibility.