Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.7 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.7 percent at 0758 GMT (3:58 a.m. ET).
U.S. stocks were set for a lower open on Monday as a delay in emergency loans to Greece and a possible downgrade of Italy's credit rating rekindled fears about the euro zone debt crisis, pushing investors out of riskier assets.
Euro zone finance ministers applied intense pressure on Greece on Monday, saying it had to approve stricter austerity measures before a final decision is made on a further 12 billion euros in loans.
Stock index futures fell on Monday as a delay in emergency loans to Greece and a possible downgrade of Italy's credit rating rekindled fears about the euro zone debt crisis, pushing investors out of riskier assets.
Stock index futures fell on Monday after euro zone finance ministers postponed a final decision on extending emergency loans to debt-stricken Greece.
The world economy is slowing down due to a combination of factors such as the euro zone's debt problems and a weak U.S. housing sector, but it is not headed for a double-dip slump, the head of the OECD said on Monday.
Greece's debt crisis may be contagious and poses one of the biggest risks to global financial markets alongside Middle East uprisings, Citigroup's Chief Risk Officer told Reuters.
World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece.
Moody's Investors Service cut its credit rating on Tokyo Electric Power Co to junk status on Monday and kept the operator of Japan's crippled nuclear power plant on review for possible further downgrade, citing uncertainty over the fate of its bailout plan.
Euro zone finance ministers kept up intense pressure on Greece on Monday, saying it had to approve tougher austerity measures before a final decision is made on a further 12 billion euros ($17 billion) in loans.
World stocks, the euro and crude prices fell on Monday and bond yields in heavily indebted euro zone countries jumped after the region's finance ministers delayed a final decision on extending emergency loans to Greece.
The Japanese government upgraded its view of the economy's performance and outlook for the first time in four months on Monday, but disappointing export data showed that the recovery from the March earthquake and tsunami would be anything but smooth.
Dutch financial services group ING said on Monday it has put its car leasing business up for sale, in a deal Dutch media reported may be worth 4 billion euros ($5.7 billion).
Dutch financial services group ING is negotiating the sale of its car leasing business in a deal potentially worth 4 billion euros ($5.7 billion), a Dutch newspaper reported on Monday.
The euro dipped on Monday and Asian stocks flipped back into the red after euro zone finance ministers delayed a final decision on extending emergency loans to debt-stricken Greece, dashing hopes for a quick solution to the political impasse.
Softbank expects to reach an agreement soon with Alibaba Group over ownership of China's leading e-payment provider Alipay, the Japanese mobile carrier's CEO said on Monday.
Bankrupt bookstore chain Borders Group Inc said it will name a stalking horse bidder by July 1 and is looking to complete the sale of all its assets by the end of July.
Japan's exports fell in May at a faster pace than expected versus year-ago levels, raising concerns that weakness in overseas demand will constrain factory production and delay economic recovery from a massive natural disaster.
General Electric Co on Sunday reached a tentative, four-year national labor contract with two key unions that cover more than 15,000 GE workers, or about 11 percent of its U.S. employees.
Euro zone finance ministers agreed on Monday that they would seek voluntary rollover of Greek debt by private bondholders to finance a substantial part of Greek funding needs in coming years.
PNC Financial Services Group Inc has agreed to buy Royal Bank of Canada's U.S. retail bank operations for $3.45 billion in cash and stock, two people familiar with the matter said on Sunday.
Prime Minister George Papandreou asked Greeks on Sunday to support austerity steps and avoid a catastrophic default, as European finance ministers discussed extending tens of billions of euros of aid to Greece.
The U.S. economy has slowed in recent months, but underlying inflation pressures are rising. How will the Federal Reserve respond?
European governments should give private creditors an incentive to participate in a new Greek bailout, but the choice should be voluntary and not trigger a credit event, German Finance Minister Wolfgang Schaeuble said.
Prime Minister George Papandreou, besieged by public protests and dissent in his own party, appealed to Greeks on Sunday to support deeply unpopular austerity reforms and avoid a catastrophic bankruptcy.
The S&P 500's 200-day moving average marks the line in the sand as the bulls and the bears fight over the U.S. stock market's direction. It will face one of its stiffest tests this week with Greece's debt crisis appearing to reach a climax.
Prime Minister George Papandreou, besieged by public protests and dissent in his own party, appealed to Greeks on Sunday to support deeply unpopular austerity reforms and avoid a catastrophic bankruptcy.
European Central Bank President Jean-Claude Trichet on Sunday raised concern about widening global imbalances after the financial crisis, calling them one of the main challenges for the global economy.
Japanese video game developer Sega Corp said on Sunday that information belonging to 1.3 million customers has been stolen from its database, the latest in a rash of global cyber attacks against video game companies.
Europe risks wasting more money for nothing if it keeps pumping billions into the ailing Greek economy, the head of Pimco, the world's largest bond fund, said in an interview published on Sunday.
