IBT Staff Reporter

The needs for procurement professionals across the country is increasing and as the demand exceeds the supply, the profession is facing a significant skills shortage. The Australian Technology Network of Universities and the Australian Procurement and Construction Council are working together to solve the problem.

Congress should give U.S. securities and futures regulators the authority to ensure clearinghouses are protected against conflicts of interest, the chairman of the Commodity Futures Trading Commission said on Monday.

White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.

Microsoft denies reports that no current-generation phones will be upgradeable to the forthcoming Windows Mobile 7 which is set to be released later this year.

The U.S. dollar is still somewhat overvalued while the Chinese renminbi is substantially undervalued, the International Monetary Fund said on Monday in an assessment of Group of 20 major economies.

NASA published a satellite image of black smoke covering the northern part of Santiago, Chile following a magnitude 8.8 earthquake on Saturday.

Bank of America Corp Chief Executive Brian Moynihan said on Sunday during a television interview that he will vote for U.S. Representative Barney Frank, a key proponent of financial industry reform, in the upcoming November election.

The European Union urged Greece on Monday to agree additional austerity measures within days to tackle a fiscal crisis that has shaken the euro zone and promised to help Athens overcome its debt problems.

Carmakers will be keen to show off new green technologies at the Geneva Auto Show, opening this week, as economic uncertainties and waning scrapping schemes make forecasting this year's sales trends difficult.

A specialized trading strategy known as dividend trades harms markets, misleads investors, and should not be included in overall reports of trading volume, the International Securities Exchange said on Monday.

Google Inc acquired online photo-editing site Picnik, as the Web search leader continues with a deal binge includes three acquisitions in about three weeks.

Italy's Fiat unveils the Alfa Romeo Giulietta at this week's Geneva auto show, and while analysts do not believe the brand is under threat, they say the new hatchback is a test of its revival.

When is bad news not really bad? When it's eclipsed by the promise of enduring easy money for Wall Street.

Worldwide semiconductor were up slightly in January, representing a huge leap from the same period last year.

The Aussie dollar rallied in early Asia yesterday before running into some resistance around the 90 cent handle to settle at 0.8975 heading into offshore trade.

Mexican billionaire Carlos Slim is happy with his current investment in New York Times Co, one of his close aides told Reuters on Monday.

Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the central bank, will step down in late June, giving President Barack Obama the opportunity to name a top policy maker.

The U.S. stock market rose on Monday as economic reports continued to signal recovery in key sectors of the economy.

Russia will back new sanctions against Iran as long as they do not create a humanitarian crisis, French President Nicolas Sarkozy said on Monday after talks with Russian counterpart Dmitry Medvedev.

A family of four that was buried in rubble after a devastating 8.8 magnitude earthquake in Concepcion City in Chile survived after making their way out through the darkness.

Mexican billionaire Carlos Slim is happy with his current investment in New York Times Co, one of his close aides told Reuters on Monday.

A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.

UBS could be facing a total bill running to nearly 40 million Swiss francs ($36.97 million) after the Swiss government said on Tuesday it would pass on to the bank the costs of intervention in a bitter U.S. legal battle.

Argentine President Cristina Fernandez on Monday scrapped a decree to tap $6.6 billion in foreign reserves to help honor public debt this year, but ordered the use of reserves to pay multilateral lenders. In her state of the union address to Congress, Fernandez said she had signed a new decree allowing the use of about $4 billion of central bank reserves to pay lenders such as the World Bank and the Inter-American Development Bank.

When you say the words Rio de Janeiro, many people have visions of glorious sun and dark-skinned bikini babes serving coconut cocktails.

Luxury goods manufacturer Louis Vuitton has sued Hyundai Motor Co, alleging trademark violations over an advertisement in this year's Super Bowl, the most watched television show in U.S. history.

Consumer spending increased slightly faster than expected in January while the U.S. manufacturing sector grew, underscoring views economic recovery is progressing.

The broad U.S. stock market rose in another light trading session on Monday due to rising shares in the tech sector and target firms linked to a flurry of mergers and acquisitions deals.

Simon Fuller, the creator of the multimillion dollar American Idol TV franchise, is betting on the Internet for his latest venture -- a multimedia interactive reality show that debuts on video-viewing site Hulu.com on Tuesday.