IBT Staff Reporter

Mizuho Financial Group maintained its full-year net profit forecast on Monday after reporting that first-half profit fell 25.4 percent, weighed down by the absence of hefty bond trading gains that lifted its profits the previous year.

Financial markets on Monday greeted the appointments of technocratic leaders in euro zone debt hot spots Italy and Greece with cautious optimism, boosting stocks.

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U.S. airlines have opposed the U.S. government's subsidies to debt-laden Indian state carrier Air India for its purchase of Boeing aircraft, the Wall Street Journal reported on Monday.

Sixteen-time grand slam winner Roger Federer won his first Paris Masters title with a 6-1 7-6 (7-3) victory over Frenchman Jo-Wilfried Tsonga.

Scandal-hit Olympus Corp shares were untraded with a glut of buy orders on Monday after a source familiar with the case said it may be hit with only a fine for false financial reports, a move which could prevent a delisting.

Asian stocks rose on Monday and the euro edged up on hopes that new technocratic leaders in Italy and Greece will take decisive action to save their indebted nations from bankruptcy and fend off a wider financial meltdown in the euro zone.

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President Barack Obama pressed China on Sunday to recognize it is now a grown up economy and start behaving more responsibly on currency and trade issues hurting American companies.

President Barack Obama told China on Sunday that the United States was fed up with its trade and currency practices, as he turned up the heat on America's biggest economic rival at an Asia Pacific summit.

Japan's economy rebounded from an earthquake-triggered recession in the third quarter by expanding 1.5 percent, a pace that is likely to slow down though as a strong yen and weak global growth darken the outlook.

Japan's economy rebounded from an earthquake-triggered recession in the third quarter by expanding 1.5 percent, a pace that is likely to slow down though as a strong yen and weak global growth darken the outlook.

Beyond the profound embarrassment and ethical questions surrounding the sexual abuse scandal at Penn State, the controversy is also hurting the University's bottom line.

Kim Kardashian has hired lawyer Marty Singer to silence a man identifying himself as her former publicist and asserting that her 72-day marriage to basketball player Kris Humphries was a sham.

Justin Timberlake's date with a Marine combat instructor on Saturday night was one of the most moving evenings of his life, the singer-turned-actor said on his website.

Canada and Mexico want to join talks to forge a free trade area in the Asia-Pacific region, giving a significant boost to the U.S.-led initiative to foster economic growth by tearing down trade barriers.

Italy anxiously awaits the reaction of financial markets Monday to the appointment of former European Commissioner Mario Monti to head a technocratic government, hoping it will end a disastrous week for the Eurozone's third largest economy.

Currency effects helped push Orascom Telecom to a net loss of $975,000 for the third quarter from a profit of $939 million a year earlier, the company said on Sunday.

World champions Argentina, who missed out on their usual ticket to the Olympic women's hockey tournament, have got into the London 2012 Games by the back door.

Japan's economy rebounded as expected in the third quarter from a recession triggered by a devastating March earthquake on robust exports and consumption, but persistent yen strength and sluggish global growth cloud its outlook.

Oprah Winfrey received an honorary Oscar for her charitable work on Saturday in what she called an unimaginable moment for a black woman who grew up poor in Mississippi and rose to the top of Hollywood stardom.

The delay in a massive Canada-Texas pipeline project will inflame opposition to other export options for crude from Canada's oil sands and threaten the nation's aim of becoming a top global energy supplier.

Canada will try to sell more of its energy products to Asia after Washington delayed a decision on whether to approve the Keystone XL Canada-to-Texas oil pipeline project, Prime Minister Stephen Harper said.

Asia-Pacific leaders sought a united front on Sunday to prop up economic growth despite divisions over trade and currency policies as they face a common threat from Europe's debt crisis.

Canada wants to join talks on a proposed U.S.-led free trade agreement in the Asia-Pacific region that also may open its membership to Japan, Canadian Prime Minister Stephen Harper said on Sunday.

Japan's economy grew 1.5 percent in July-September from the previous quarter following three quarters of contraction as exports and consumption rebounded from a slump caused by the March earthquake, government data showed on Monday.

The United States is ramping up attempts to safeguard its financial system from a worsening of Europe's debt crisis, joining nations in Asia, Latin America and elsewhere in trying to build firewalls.

Much of the developed world is charging ahead with austerity plans that will drag on the world economy next year, with bond market vigilantes beating the drum for ever-more belt tightening.