CHINA

Italy confirms China meeting as debt pressure mounts

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Italian Economy Minister Giulio Tremonti met Chinese officials last week, a Treasury spokesman said on Tuesday after the Financial Times reported that Rome had asked China to buy significant quantities of its debt.
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Miss Angola Leila Lopes is crowned by Miss Universe 2010 Ximena Navarrete of Mexico after being named Miss Universe 2011 in Sao Paulo Miss Angola Leila Lopes is crowned by Miss Universe 2010 Ximena Navarrete of Mexico after being named Miss Universe 2011

Miss Angola Crowned Miss Universe in Brazil

Miss Angola Leila Lopes, a business student from the town of Benguela in her home country, was crowned Miss Universe on Monday after dazzling a panel of judges with her beauty and impressing them with her brain.
UCLA

India Hiring Outlook Falls Steeply - Manpower

Prospects for job seekers are gloomier in most major economies than they were three months ago, as weak U.S. and European economies begin to affect employers' confidence in other parts of the world, according to a quarterly hiring survey by ManpowerGroup.
A jeweller displays a silver plate in the form of an Indian rupee note in this file photo.

Rupee up on Firm Euro, Positive Local Shares

The rupee rose on Tuesday breaking a six-day losing streak and clawed back from the 14-month low touched in the previous session comforted by a firm euro and gains in domestic equities.
Stocks, U.S. recover after slide; outlook positive

Stocks, euro recover after slide; outlook wary

Asian stocks steadied and the euro held above a seven-month low against the dollar on short-covering on Tuesday, after a report that Italy may get financial support from China lifted Wall Street in late trade but did nothing to ease fears that Europe is descending into a banking crisis.
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Chipmaker Broadcom to buy NetLogic for $3.7 billion

Chipmaker Broadcom Corp plans to buy NetLogic Microsystems Inc for about $3.7 billion to expand its lineup of chips used in wireless network equipment to take advantage of growing demand for mobile data services.
Rebel fighters show victory signs as they hold a Kingdom of Libya flag at the Tunisan border post of Ras Jdir

China officially recognizes Libyan rebels

China recognized the rebel National Transitional Council (NTC) as Libya's ruling authority, the Chinese Foreign Ministry said on Monday, saying the Council had vowed to respect Beijing's interests after tensions between the two sides.
A Bank of America shareholder walks into the corporate headquarters prior to the start of the annual shareholders meeting in Charlotte

Bank of America Slashing 30,000 Jobs

Bank of America tried to grow at the peak of the U.S. financial disaster several years ago, acquiring Countrywide Mortgage and Merrill Lynch, the investment bank, but now the Charlotte, N.C.-based company is destined to shrink. The company disclosed plans on Monday to cut 30,000 jobs, as the nation's largest bank tries to cut costs as the U.S. economy continues in a slow-growth, high unemployment mode.

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