IBT Staff Reporter

Citigroup named Keshav Sanghi as head of India equities, just two months after he joined the firm as head of sales and deputy head of equities for its Indian business.

The euro zone lost 347,000 jobs in the last quarter of 2009, data showed on Monday, as the 16-country area's economic recovery remained beset by fragility.

Australia's Arrow Energy is set to reject as too low a $3 billion joint takeover offer from Royal Dutch Shell and PetroChina

Stocks were set to slip at the open on Monday, weighed by persistent concerns over a possible monetary tightening in China that could slow the global recovery from recession.

Intermap Technologies Corp, a Canadian 3D digital mapping technology firm, said U.S. navigation device maker Garmin Ltd signed a three-year agreement for Intermap's NEXTMap technology.

Stock futures point towards a lower opening on Monday as market participants wait Senator Chris Dodd's financial reform bill and digest comments made by Chinese Premier Wen Jiabao about the yuan.

Airbus parent EADS has received no word of any changes to a contest to supply aerial refueling tankers to the United States, the head of Airbus Military said on Monday.

Petrohawk Energy Corp said it agreed to sell its interest in Terryville Field, Louisiana, to a private company for $320 million.

Iraq's Shi'ite Prime Minister Nuri al-Maliki may get first go at forming a government, early election results show, but Sunnis will fume if he cuts out his secular rival Iyad Allawi, the man most of them voted for.

Wachovia Bank is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation.

Investors are continuing to flock to 'black box' hedge funds and are willing to pay top-end fees in spite of the poor performance from some big-name funds recently, according to the head of investment firm AlphaMetrix.

British songwriters, composers and music publishers earned 623 million pounds ($944.8 million) in royalties in 2009, up 2.6 percent on 2008 and the first time the growth in digital revenues outperformed the drop in CD and DVD earnings.

Euro zone finance ministers on Monday will look at how to give Greece financial aid should it ask for help, but there were signs France and Germany were holding out on making concrete commitments.

Hollywood producer Jon Landau said on Sunday he and director James Cameron were considering a sequel to 3D blockbuster Avatar among several new projects.

Stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession.

Alice in Wonderland raced to a $430 million haul at the worldwide box office on Sunday, while Matt Damon's new Iraq war conspiracy thriller Green Zone was one of the year's first big flops.

JP Morgan (JPM.N) Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets

The United States is to blame for strains between Beijing and Washington and should take steps to repair ties, Chinese Premier Wen Jiabao said on Sunday, indicating the two powers have not overcome a recent rough patch.

Streams of Thai red shirt protesters converged on Monday on a military base housing Prime Minister Abhisit Vejjajiva to press him to call a new election, a demand he refused to meet.

Israeli-U.S. relations have hit a 35-year low over a West Bank settlement plan that threatens to derail peacemaking efforts with the Palestinians, Israel's envoy to Washington was quoted as saying on Monday.

Stock index futures fell on Monday on persistent concerns over a possible monetary tightening in China, which could slow the global recovery from recession.

Safety investigators have found no evidence so far to support or disprove a California motorist's claim his Toyota Motor Corp Prius sped out of control on its own, and cautioned the case may never be explained, U.S. regulators said on Monday.

China Mobile's 3G outlook will take center stage this week as China's three telecoms carriers begin to kick off quarterly results, with market focus on whether the nation's dominant player will turn up the volume in its low-key 3G roll-out.

Dell Inc, the world's third-largest PC maker, has filed a lawsuit against Sharp Corp, Hitachi Ltd, Toshiba Corp and two other companies for alleged price fixing of LCD displays.

Popular social-networking site Facebook will open an office in India, joining a long list of international firms that have looked to tap a skilled workforce that provides support services at relatively cheap wages.

Finance ministers from countries using the euro hope to agree on Monday on a way of providing heavily indebted Greece with financial aid, despite French and German doubts that a deal will be reached.

Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.39 percent, Dow Jones futures down 0.38 percent and Nasdaq 100 futures down 0.23 at 0900 GMT (4:00 a.m. ET).

China's steelmakers should not try draw their government into iron ore price talks with Australian miners, Australia's trade minister said on Monday, as the mills struggle to pin back soaring raw material prices.

Asian stocks fell from near seven-week highs on Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.