Wall Street fell more than 1 percent on Monday as sovereign debt fears on both sides of the Atlantic and monetary tightening by China hurt the outlook for global economic growth.
This past Thursday, Moody's Investors Service downgraded China's property sector from stable to negative.
Gold prices rallied to a record high $1,497.20 an ounce on Monday after Standard & Poor's downgraded its credit outlook for the United States and as investors worried about debt in the euro zone and inflation in China.
General Electric Co, Google Inc, and two Japanese partners will invest about $500 million in a wind farm under construction in Oregon, the partners said on Monday.
Philips is hiving off its once leading television business, the first step by new chief executive Frans van Houten to boost flagging profit at Europe's biggest consumer electronics maker.
U.S. stocks tumbled on Monday as Standard & Poor's downgraded the credit outlook of the United States, adding to worries about the global economy after China curbed liquidity.
As the Libyan inferno continues to elicit China's muted response punctuated by its anti-NATO stand, it has, however, evoked multiple questions about its underlying motivation.
LG Display, the world's No.2 flat-screen maker, is starting to see signs of recovery in depressed TV panel prices as it forecast a return to profitability in the current quarter after reporting its second consecutive quarterly loss.
U.S. stocks dropped on Monday after ratings agency Standard & Poor's cut its long-term outlook on the United States and another step by China to stem growth reignited worries about the global economy.
Spot Gold jumped to a new all-time high of $1489 per ounce in Asian trade Monday, edging lower as the Dollar rose on the currency market and global equities began the Easter-shortened week with a 0.5% drop.
Gleacher & Co. expects mobile chip maker Qualcomm to be a primary beneficiary in the 3G/4G growth and will remain the top supplier for integrated chips and extend its leadership position to LTE.
Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
Philips is hiving off its once leading television business, the first step by new chief executive Frans van Houten to boost flagging profit at Europe's biggest consumer electronics maker.
U.S. stocks were poised for a lower open on Monday after China took another step to stem the growth of its economy and worries persisted Greece may need to restructure its debt.
Global auto makers and their Chinese partners are rolling out dedicated local brands and targeting buyers in smaller towns and cities as growth in the world's largest auto market slows from its breakneck pace.
A crucial new phase of Portugal's bailout negotiations began under a cloud on Monday after an anti-euro party in Finland that has vowed to derail the pending rescue scored strong gains in an election.
The US dollar and Japanese yen, considered two safe-haven currencies, are up on Monday while oil and US stock futures are down modestly.
U.S. stock index futures fell on Monday before a raft of corporate earnings, including Citigroup, as investors weigh whether corporate results and outlooks will be hurt by rising commodity costs.
U.S. stock index futures fell on Monday before a raft of corporate earnings, including Citigroup, while Greek debt concerns continued to cloud the global economic picture.
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.45 percent, Dow Jones futures down 0.39 percent and Nasdaq 100 futures down 0.4 percent at 0817 GMT.
At least 18 people were killed so far in southern Guangdong province in China as hailstorms and high-speed winds swept the region
Dutch consumer electronics giant Philips Electronics on Monday said it would divest its struggling television business as first-quarter net profit came in below expectations.