Chocolate lovers may have something rare to sink their teeth into with the issue of the UK's first ever chocolate bond, where investors can make significant returns in the form of chocolate rather than cash.
Stock index futures pointed to a fall of more than 1 percent at the open on Monday as a Spanish government bailout of a local bank refocused attention on a European debt crisis, which investors fear could derail the global economy.
Stock index futures fell on Monday as a Spanish government bailout of a local bank refocused attention on Europe's debt crisis, which investors fear could derail the global economy.
The United States suggested Europe's debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too.
China struck a conciliatory note in talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.
Campbell Soup Co posted higher sales in its key U.S. soup market, helped by increased promotional spending.
U.S. crude oil fell back below $70 a barrel on Monday, giving up an earlier gain on persistent worries that Europe's debt crisis would slow the global economic recovery.
U.S. crude rose above $70 a barrel on Monday, recouping some of last week's losses, but analysts said sentiment remained fragile and prices could again be hit by macroeconomic pessimism.
World stocks recovered some composure on Monday with emerging markets leading the way after a late Friday rally in banking shares on Wall Street ended what was otherwise a dismal week for equities investors.
China struck a conciliatory note at the opening of talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.
Oil snapped three straight sessions of declines and rose more than 1 percent toward $71 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.
World oil prices advanced above $70 a barrel in Asian trade Monday but remained highly volatile, analysts said. Light sweet crude for July delivery was seen trading at $70.35 a barrel at 11.00 a.m Singapore time while Brent crude eased to $71.21 a barrel at the same time in London.
Gold prices moved up in Asian trade Monday as investors remained confident on yellow metals status as a safe haven asset in troubles. Gold for immediate delivery was seen trading at $ 1184.51 an ounce at 11.30 a.m Singapore time while gold futures for June delivery was at $US1185.10 an ounce at the same time. Analysts said, Long-term investors maintained their affinity for the precious metal despite the recent rise in volatility in other markets, including stocks.
The euro struggled to hold on to gains on Monday as investors sold into its latest bounce, while Asia stocks fell to hover just above eight-month lows hit on Friday on fears the euro-area debt crisis will hit world growth.
China will stick to gradual reform of its yuan currency, President Hu Jintao told the United States at the start of high-level talks on Monday in which North Korea emerged as a point of potential contention.
China urged the United States to lift restrictions on exports to China as early as possible, Commerce Minister Chen Deming said ahead of talks between the two countries in Beijing.
Treasury Secretary Timothy Geithner said on Monday the United States and China need to work together to reduce trade barriers and develop a more balanced global economy.
The Australian Dollar did not revisit the sub 0.8100 territory on Friday's trade as it did the previous day
State-controlled Maaden on Sunday said it awarded contracts worth $453 million for its planned Saudi-based aluminum joint-venture with Alcoa Inc .
Volatility will be the name of the game on Wall Street this week as uncertainty over the euro-zone debt crisis remains and investors will need nerves of steel to make bets on risky assets like stocks.
Adalberto Lopez' family-run musical instrument shop in the bustling Arizona border city of Nogales sells guitars and accordions to foot-stomping banda musicians and mariachis who cross up from Mexico to shop.
Europe's financial crisis should have only minimal impact on the global recovery as governments put in place necessary policy counter-measures, a senior U.S. Treasury Department official said Sunday.
