IBT Staff Reporter

The world should not assume that the financial sector has rebounded for good, despite stock market rallies, the head of the body that oversees global banking regulation said in the Financial Times on Monday.

An official in the New York Insurance Department says insurance regulators from across the country are expected to discuss dropping Moody's Investors Service from a list of acceptable rating organizations at a meeting later this week.

Environmental activists are taking to the Internet in a new bid to help save the world's rainforests with the help of major corporations including Starbucks Corp and Dell Inc.

U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades.

The Aussie dollar bounced between 0.8650 and 0.8715 during Friday's offshore session weighed down by profit taking on the Euro to open this morning at 0.8670.

Thousands of people marched through the streets of Zaragoza north east Spain on Saturday to protest Canada's Magna's acquisition of 55 percent of General Motors' Opel, Spanish media reported.

Key business leaders expect slow and steady U.S. economic growth but say longer term recovery depends on reforming health care and tax policy, and improving access to credit for small business.

The U.S. Senate's top legislator on financial regulation favors reducing the number of bank supervisory agencies more sharply than the Obama administration proposes, said a senior Senate aide on Sunday.

U.S. stocks could extend their rally and the Dow industrials may climb above 10,000 this week, should the Fed's policy-makers and economic data support the view the economy is recovering from recession.

Militant Islamist group al Qaeda threatened Germany with attacks for the second time this weekend in an online video criticizing the country for its deployment of troops in Afghanistan, authorities said on Sunday.

U.S. President Barack Obama begins his biggest week yet on the world stage, facing pressure for results on an agenda of rekindling Middle East peace talks, tackling climate change and reshaping financial regulations.

Cloudy With a Chance of Meatballs, a new 3D animated feature based on a popular children's book, shone brightest at the weekend box office in North America on Sunday, overshadowing flops starring Matt Damon, Jennifer Aniston and Megan Fox.

The upcoming park documentary, The National Parks: America's Best Idea, is directed by Ken Burns and will be aired on September 27 by PBS.

Cubans were expected to fill Havana's massive Revolution Square on Sunday for a concert by Colombian singer Juanes and a lineup of top Spanish-language musicians who hope art can do what politics has not -- bring together Cubans here and in the United States.

Despite a second consecutive victory at this year's Miss Universe, even Venezuela's hugely successful beauty factory is feeling the global pinch.

Just 8 miles across the Hudson River from New York City, the largest city in New Jersey can seem a world away from the affluence and ambition on Wall Street.

Will the Mad Men of U.S. television score a second Emmy best drama victory and can anyone stop comic actress Tina Fey and 30 Rock?

Senior management at Cazenove and JPMorgan are thought to be close to agreeing a price for Cazenove's share of their J. P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.

The United Nations is confident Afghanistan's election can be resolved before winter, with ballots already being printed to hold a second round if a fraud investigation makes that necessary, a spokesman said on Sunday.

Israel told Russia it would not launch an attack on Iran, Russian President Dmitry Medvedev said in a CNN interview released Sunday, in which he described such an attack as the worst thing that can be imagined.

President Obama has asked New York Governor David Paterson to withdraw from the state's 2010 governor's race for fear that the embattled fellow Democrat cannot regroup from a series of political setbacks, The New York Times reported on Sunday.

Japan's new prime minister, Yukio Hatoyama, faces his first diplomatic test this week when he meets President Barack Obama in New York as the two allies grapple with disagreements that investors fear could damage ties.

President Barack Obama in an interview aired Sunday said all signs point to the U.S. economy starting to grow again but there may not be enough new jobs created until next year.

Miner Anglo American is not about to request a put up or shut up order on Xstrata to make a formal bid or walk away, a source close to the company said on Sunday, denying a media report.

Senior management at Cazenove and JP Morgan are thought to be close to agreeing a price for Cazenove's share of their JPMorgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.

U.S. Senate Banking Committee Chairman Christopher Dodd plans to propose legislation that would merge four bank agencies into one super-regulator, The New York Times reported on Saturday.

President Barack Obama, preparing to meet with other G20 leaders in Pittsburgh, on Saturday stressed the need for regulations to prevent another global economic crisis and German Chancellor Angela Merkel was optimistic agreement could be reached at the summit.

A Goldman Sachs Group private equity fund is investing about $250 million in Chinese carmaker Geely Automobile , a move that could free up capital for Geely's parent to bid on Ford's Volvo unit, the Wall Street Journal reported, citing an unidentified source.

Thousands of people marched through the streets of Zaragoza in northeast Spain on Saturday to protest against Canada's Magna acquiring 55 percent of General Motors' Opel, Spanish media reported.