Brazil will propose that it and other large emerging market countries make billions of dollars in new funds available to the International Monetary Fund as a way to help ease the crisis in the euro zone, an official said on Monday.
China, the largest foreign holder of U.S. government debt, will keep buying U.S. Treasuries, the official People's Daily, the ruling Communist Party's mouthpiece reported on Tuesday, citing government researchers.
Ratings agency Standard & Poor's cut Italy's sovereign credit rating by one notch, saying the country's economic growth prospects were getting weaker and planned reforms by the government would not help much.
A group that includes two founders of Groupon has bought the Wrigley Building, one of the most recognizable buildings in Chicago.
Siemens withdrew deposits from a large French bank two weeks ago and transferred them to the European Central Bank, in the search for a safe haven, the Financial Times reported on Tuesday.
Managed futures continue to produce opportunities as commodity price volatility persists. In a thinly-traded marketplace such as the Class III Milk Futures contract there is plenty of volatility and plenty of risk.
International lenders told Greece on Monday it must shrink its public sector to avoid running out of money within weeks, as investors spooked by political setbacks in Europe dumped risky euro zone assets.
Microchip heavyweights Micron Technology Inc and Hynix Semiconductor Inc conspired to squelch Rambus Inc's superior chip technology and keep it from becoming an industry standard, a Rambus lawyer argued in court on Monday.
Standard and Poor's cut its unsolicited ratings on Italy by one notch on Monday, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.
Greece hopes to clinch a deal with its lenders on Tuesday for continued aid funding, an official said, after it pledged to take on as much austerity as needed to avoid a default that could trigger deeper turmoil on already shaky global markets.
Bank of America Merrill Lynch has recruited a former Morgan Stanley Smith Barney broker who brought in $1.8 million in revenue last year.
Starbucks' (SBUX) Chief Executive Officer Howard Schultz said instead of giving money to politicians, CEOs should use the money to create more jobs. Earlier this summer, Schultz urged corporate America to withhold campaign contributions until Congress passed a better, substantive plan to cut the budget deficit.
Jefferies Group Inc sued Nasdaq OMX Group Inc to recover tens of millions of dollars of alleged losses from being fraudulently induced to enter interest rate swap futures contracts.
UBS AG is under pressure for failing to monitor an equity trader suspected of causing a $2.3 billion loss for the Swiss bank, but its exposure to U.S. class-action litigation over the scandal may be limited.
Fidelity Investments added five low-cost equity index funds to its lineup on Monday, its latest move to catch the thrifty, back-to-basics mood of investors.
The head of the World Bank on Monday said a drop in investor confidence was already feeding through to developing nations from a growing debt crisis in advanced economies and urged cooperative action.
International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid running out of money within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.
Mongolia's law banning mining in the country's river and forest areas is necessary to protect the mineral-rich Asian country's environment and herdsmen's livelihoods, President Tsakhia Elbegdorj said on Monday.
Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger euro zone problems drove investors into bonds and the dollar.
Canada-based gold miner Semafo Inc. said on Monday it halted operations at its Kiniero gold processing plant in Guinea and evacuated its expatriate workers after a violent protests by locals over jobs.
Treasury Secretary Timothy Geithner said on Monday he believes that European leaders will incorporate some lessons and methods employed by the United States during the financial crisis as they work to quell their sovereign debt woes.
Unnder President Barack Obama's deficit reduction plan, the U.S. Postal Service would be given the option of ending Saturday delivery in order to cut costs and help the government agency balance its budget.
Greece pledged to take on as much austerity as needed to secure further aid and launched talks on Monday with its international lenders that may determine if it can avoid a default.
Stocks fell on Monday but staged a late comeback after fears of a looming Greek debt default diminished on news of a possible deal to advance new bailout funds to Greece.
The European Union will call on China this week to boost domestic demand and on the United States and Japan to tackle their public deficits as part of global efforts to rebalance growth, an EU document showed.
While speculation in recent months has run in every direction about when Apple's iPhone 5 will be released and what new features and design the product will have a new report suggests the company will do what many did not expect -- releasing two new iPhone handsets.
Sarah N. LynchFinancial firms would be restricted from betting against the bundled financial products they create and sell to investors, under a proposal issued by U.S. securities regulators on Monday.
Violent crime in the U.S. declined for the fourth year in a row in 2010, the FBI announced Monday, in its annual Crime in the United States reported. All four categories of violent crime decreased, despite the fact budget cutbacks resulted in fewer law enforcement staff nationally. Pproperty crimes (excluding arson) victims lost an estimated $15.7 billion in 2010.
Fannie Mae and Freddie Mac, the country's two largest mortgage finance providers, are expected to gradually increase the fees they charge lenders in the next year, their federal regulator said on Monday.
Vancouver-based Ely Gold & Minerals said Monday it has achieved significant progress in boosting production from its Mt. Hamilton gold-silver project located at the southern end of Nevada's prolific Battle Mountain gold trend.
