European policymakers began working on new ways to stop fallout from Greece's near-bankruptcy from inflicting more damage on the world economy after stinging criticism for failing to stem the debt crisis.
Copper slumped to a 14-month low on Monday, adding to sharp falls from the last three weeks, as fears of a Greek debt default and the threat of a global recession sparked heightened concerns about demand for industrial metals.
The Mongolian government will seek to accelerate the timetable to increase its stake in the country's giant Oyu Tolgoi copper-gold project to 50 percent, Mining Minister Dashdorj Zorigt said on Sunday.
Stock index futures pointed to a mixed opening for U.S. markets on Monday, with futures for the S&P 500 down 0.2 percent, Dow Jones futures rising 0.1 percent and Nasdaq 100 futures down 0.4 percent at 0804 GMT.
Gold was set for its biggest three-day loss in 28 years on Monday, as investors fled commodity markets in a scramble to secure cash in the face of mounting fear over the impact of a potential Greek debt default on the rest of the euro zone.
About 4,200 workers at Freeport McMoran Copper & Gold Inc's Indonesian mine, mainly contractors and nonunion staff, have returned to work, allowing some mining to resume, but around 8,000 remain on strike, the firm's spokesman said on Monday.
Spot gold fell 5.2 percent and silver dropped by the most in three years, extending Friday's rout as investors bolted for the ultimate safe havens of cash and the dollar.
Global mining giant Rio Tinto will respond to any request from the Mongolian government to discuss its investment in the country's giant Oyu Tolgoi copper-gold deposit, but still expects the original 2009 agreement to be honoured.
World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.
World stocks came off their lows and the euro inched up from an earlier 10-year trough against the yen on Monday as speculation that the European Central Bank might cut interest rates to help the economy countered concern over the euro zone debt crisis.
European stock index futures fell on Monday, following a slump in Asian shares, and the euro slid amid skepticism that Europe's latest efforts to contain its sovereign debt crisis can prevent it from wreaking more damage on the world economy.
With fears of a recession rising, the maritime industry will find it increasingly difficult to obtain financing for expansion over the next year, with the exception of the offshore-energy sector, industry experts said.
The European debt crisis doesn't have to exist because there are a number of feasible solutions to fix the mess.
Finance chiefs from the Group of 20 nations and the 187-country International Monetary Fund met from Thursday to Sunday.
The European Central Bank battled to avoid being dragged further into the area of fiscal policy this weekend, as its policymakers stood firm against using the ECB to help supercharge the euro zone's rescue fund.
Global banks aggressive push to scale back or postpone new capital rules for the world's largest banks is being met with little sympathy from international regulators who are set to finalize these standards in the coming weeks.
The global economy was supposed to be better by now.
State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes -- damage to cars, homes and other property so far this year -- the largest U.S. insurer of homes and cars said on Sunday.
The following are highlights of comments by finance ministers and central bankers in Washington this weekend for meetings of the Group of 20, the semiannual meetings of the International Monetary Fund and World Bank, and the annual meeting of the Institute of International Finance.
European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece's near-bankruptcy from spreading into the world economy.
The much-speculated release of the iPhone 5 from Apple (AAPL) in October will make a strong, innovative, trend-setting company even stronger, and institutional investors have been piling in to the stock since July. Is Apple’s stock headed to $600 in 2012?
France could use a support mechanism set up at the height of the banking crisis in 2008 to shore up the capital bases of French banks in case of an extraordinary event, Christian Noyer, head of the Bank of France, told a French newspaper.
A number of manufacturers have tried and failed to enter the tablet computing space, currently dominated by the iPad and iPad 2, but Amazon's forthcoming tablet may have the right mix to shake Apple's empire.
The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20, the semiannual meetings of the International Monetary Fund and World Bank, and the annual meeting of the Institute of International Finance.
Germany's private banks need to prepare for further fallout from the euro zone's sovereign debt crisis, the head of Germany's BdB banking association said on Sunday.
Earnings forecasts for U.S. companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise.
So maybe Herman Cain is the secret weapon the Republican party had all along in the bid to take down Democrat Barack Obama. Republicans just didn't know they it.
The European Central Bank has not decided how long its unconventional interventions in the secondary market for European government debt will go on, Executive Board Member Jose Manuel Gonzalez-Paramo said in an interview on Sunday.
Finance Minister Alexei Kudrin has ruled out taking a job in Russia's next government, citing irreconcilable policy differences with President Dmitry Medvedev, who is likely to become premier in a job swap with Vladimir Putin.
Russia's finance Minister Alexei Kudrin said he would decline a job in the country's next government, citing irreconcilable policy differences with President Dmitry Medvedev, who is set to become premier in a job swap with Vladimir Putin.
