Australia on Tuesday proposed its banks conform to minimum capital requirements faster than global rules as expected, though the proposal is not seen pushing the well-capitalized banks to raise equity immediately.
The yuan's recent gains are helping to tame China's inflation but it is too early to conclude that Beijing has won its battle to cool price pressures, World Bank President Robert Zoellick said on Monday.
Nigeria's central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China's drive to internationalise its currency.
South Africa's stocks fell more than 2 percent on Monday and the rand hit one-week lows to the dollar, with further losses seen this week as worries about the global economy and euro zone debt crisis persist.
Libyan forces made ready to storm a desert town held by loyalists of Muammar Gaddafi on Monday but held off in the hope of a surrender that would avoid bloodshed.
Group of Seven financial leaders, worried about risks to global growth, are likely to agree this week to keep monetary policy accommodative, slow fiscal consolidation in countries where that is possible and implement structural reforms, a G7 source said.
Some are wondering if it is already too late for Palin to announce her candidacy.
Chinese arms firms held talks with representatives of Muammar Gaddafi's beleaguered forces in July over weapons sales, but behind Beijing's back, the Chinese Foreign Ministry said on Monday.
Here are five features that the iPhone 5 should include for the best competitive interests of Apple.
Honda will recall nearly one million cars globally to repair an electrical problem and software glitch from its Fit and CR-V, and CR-Z compact hybrid lines.
TechAmerica reports technology employment is falling. Who will make products consumers crave?
A spin-off of Hewlett-Packard Co's PC unit would be the best value for shareholders, according to the head of its PC division, who added that tablet computing was relevant to the future market for any spinoff.
Honda Motor Co. said that it will recall a total of 962,000 Fit and other models globally to repair problems with power windows and computer equipment.
Recent gains in the Chinese yuan have helped curb price rises in the country, but it's too early to conclude that Beijing has won its battle on inflation, World Bank President Robert Zoellick said on Monday.
China needs to rebalance its economy by boosting consumption since the country cannot rely on exports and investment alone to drive growth over the longer term, World Bank President Robert Zoellick said on Monday.
Rafael Nadal sent a scare through the U.S. Open Sunday when he collapsed during his post-match news conference because of severe cramping in his leg in a dramatic ending to the first week at the last grand slam of the year.
China is obstructing the release of Libya's frozen assets, the head of Libya's National Transitional Council (NTC) Mustafa Abdel Jalil said in a news conference Saturday.
A consortium that included the Chinese government was the biggest buyer of a 5 percent stake in China Construction Bank Corp sold last month by Bank of America, the Financial Times reported on Sunday.
Maria Sharapova was knocked out of the U.S. Open Friday in a shock third round loss to Flavia Pennetta, while Andy Murray was lucky to survive after being pushed to five sets by Robin Haase.
Not even the A-listers are spared in Contagion, a star-studded movie directed by Steven Soderbergh that recreates the outbreak of a global pandemic.
The largest silver producer in China says it is being accused of accounting fraud by an anonymous party who admits to placing financial bets that the Vancouver-based company's shares will fall.
The European Union imposed a ban on purchases of Syrian oil on Saturday and targeted three Syrian firms in an expanded sanctions list meant to intensify pressure against President Bashar al-Assad's government.
