Stock index futures rose on Monday, putting Wall Street on track to rebound after three days of losses, although investors remained cautious about Greece's fiscal future.
French banks have agreed to roll over holdings of Greek debt for 30 years, President Nicolas Sarkozy said on Monday, as the Greek government fought to persuade backbench rebels to back a crucial austerity plan to avert bankruptcy.
Stock index futures rose on Monday, putting a Wall Street rebound on track after three days of losses, although investors remained cautious about Greece's fiscal future.
Shares in Europe's banks dipped Monday after regulators slapped an extra capital surcharge on big lenders to make them safer, and told them they could not use contingent capital for the extra cushion.
Facebook overtook Microsoft websites in Britain for the first time last month, becoming the UK's second-most popular after Google as people aged over 50 flocked to social networks, online measurement body UKOM/Nielsen said.
Nokia said there were multiple options for its joint venture with Siemens AG, Nokia Siemens Networks, despite a report that talks to sell a controlling stake in the venture were failing.
Nokia Corp and Siemens AG failed to secure a deal for investors for a controlling stake in their unprofitable joint venture, The Wall Street Journal reported on Sunday.
A Greek minister warned on Monday of catastrophe if parliament blocked a 28 billion-euro ($40 billion) package of tax increases and spending cuts after signs of revolt by some deputies in the ruling PASOK party.
French Finance Minister Christine Lagarde appeared poised to become the head of the International Monetary Fund this week despite a strong challenge to Europe's traditional hold on the job.
Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year.
The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper.
While natural gas companies like ConocoPhillips and Chesapeake Energy Corporation are making big bets on wells that are supposed to extract energy from shale formations, the New York Times reported that an investigation of e-mails and documents shows industry insiders have doubts as to whether the companies will be able to deliver on their promises to investors.
Greece's deputy prime minister warned on Sunday that rebel lawmakers may block some reforms sought by international lenders but parliament would probably back an overall austerity package this week to avert a sovereign default.
The World Bank said on Sunday it would have to take stock of plans to lend to Egypt after the International Monetary Fund confirmed the authorities no longer wanted an IMF-backed loan program.
The French government and banks have agreed on a Greek debt rollover plan involving longer maturities, a banking source said on Sunday, confirming a report in Le Figaro newspaper.
The U.S. economy has decelerated sharply. A snapshot of the nation's manufacturing sector this week should help reveal whether the slowdown is temporary or the start of a trend.
Greece's deputy prime minister warned on Sunday that rebel lawmakers may block some reforms sought by international lenders, though parliament will probably back an overall austerity package this week to avert national bankruptcy.
Renren Inc was hyped as the Facebook of China, a company that had access to the world's largest Internet market, and a good way to ride the buzz surrounding social media IPOs -- but investors who believed the story are nursing big wounds.
A bounce could be the cards for stocks this week as bulls defend a key technical level and portfolio managers buy the quarter's winners to prop up their books.
Greece's sovereign debt restructuring is inevitable, PIMCO co-chief investment officer Mohamed El-Erian said on Sunday, warning the nation's problems could contaminate Europe.
Greece's sovereign debt restructuring is inevitable, PIMCO co-chief investment officer Mohamed El-Erian said on Sunday, warning the nation's problems could contaminate Europe.
German finance minister Wolfgang Schaeuble warned that a veto of the Greek government's austerity plans by parliament this week could mean Athens will not receive a bailout tranche it needs to remain solvent.
Europe is more concerned about the fallout on Spain and other large euro zone economies from the Greek financial crisis than on Ireland and Portugal, which are already receiving emergency funding, the Irish finance minister said on Sunday.
The Greek government expects parliamentary backing for fresh austerity measures next week, Deputy Prime Minister Theodor Pangalos said in an interview published on Sunday.
Billionaire investor George Soros thinks a country will eventually exit the euro zone and urged policymakers on Sunday to come up with a plan B that could rescue the European Union from looming economic collapse.
The Lulz Security group of rogue hackers announced it was disbanding on Saturday with one last data dump, which included internal AOL Inc and AT&T documents.
London Stock Exchange boss Xavier Rolet faces a crucial test this week as TMX Group owners vote on their planned merger with the LSE -- a deal on a knife-edge that is likely to define his tenure.
The Lulz Security group of rogue hackers announced it was disbanding on Saturday with one last data dump, which included internal AOL Inc and AT&T documents.
Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even though a loan had been agreed, Finance Minister Samir Radwan said on Saturday.
European Central Bank Governing Council member Yves Mersch said on Saturday a Greek sovereign debt default would lead to chaos, adding it was up to the parliament to deliver on its austerity promises.
