IBT Staff Reporter

China's securities regulator is asking the government to clamp down on the controversial corporate structure used by companies such as Sina and Baidu to list overseas, and employed in thousands of other investments by foreigners into domestic Chinese companies, four legal sources told Reuters.

Swiss bank UBS on Sunday increased the amount it said it had lost on rogue trades to $2.3 billion and gave details of how a trader concealed his risk exposure by creating fictitious positions in its systems.

Greek Prime Minister George Papandreou chairs a cabinet meeting on Sunday to decide on more austerity measures to secure continued funding under an international bailout.

Google's Eric Schmidt, the online search giant's point man for all things Washington, goes before a Senate panel this week to argue the company is not a rival-abusing bully, but in fact is struggling to stay on top.

Andre Villas-Boas will face his toughest challenge as Chelsea manager to-date when his side travels to Old Trafford to take on the champions Manchester United on Sunday.

Consumer groups will try to convince the Federal Reserve this week that rubber stamping the Capital One Financial Corp takeover of ING Groep NV's online banking unit would prove that too big to fail is alive and well.

Political opponents could block a compromise between Switzerland and U.S. tax authorities that would settle a dispute on untaxed money in Swiss accounts once and for all, newspapers reported on Sunday.

Leading global investment banks, including Credit Suisse AG , are cutting research staff in the Middle East to save costs amid tough global conditions and a dearth of work in the region.

Andre Villas-Boas will face his toughest challenge as Chelsea manager to-date when his side travels to Old Trafford to take on the champions Manchester United on Sunday.

China's securities regulator is asking the government to clamp down on the controversial corporate structure used by companies such as Sina and Baidu to list overseas, and employed in thousands of other investments by foreigners into domestic Chinese companies, four legal sources told Reuters.

Apple is a couple of steps away from announcing the arrival of the most anticipated iPhone 5 to the U.S smartphone market after a long cacophony of rumors about its release date and expected specifications.

UBS Chief Executive Oswald Gruebel is not considering stepping down in the wake of the crisis provoked by a London trader suspected of causing a $2 billion loss for the bank, he told Swiss newspaper Der Sonntag on Sunday.

Microsoft has released an early version of its upcoming operating system, Windows 8 on a prototype Samsung tablet last week and experts believe the hybrid software could win the ground Microsoft lost to Apple.

Andre Villas-Boas' will face his toughest challenge as Chelsea manager to-date when his side travels to Old Trafford to take on the champions Manchester United on Sunday.

South Korea's financial regulators on Sunday ordered the temporary closure of seven more savings banks as part of its efforts to prevent financial contagion in the country's volatile savings bank sector.

While Motorola Droid Bionic has hit the market recently on Verizon, Samsung’s iPhone 5 competitor, Galaxy S2 Epic Touch 4G is launched by Sprint on Friday.

Honda Motor <7267.T> plans to set up its first assembly plant in Russia, the Nikkei business daily reported on Sunday, as Japan's No.3 automaker looks to lift its competitiveness in the fast-growing auto market.

The internal watchdog at the Securities and Exchange Commission has concluded that the accusations of investigative misconduct against the enforcement division by Dallas Mavericks basketball team owner Mark Cuban have no merit, according to a person familiar with the matter.

Arsenal's revival was put to an end by bottom-of-the-table Blackburn Rovers after the home team secured a 4-3 win at Ewood Park.

Many California schools are barring students from classes if they haven't received a whooping cough vaccine, in accordance with a state law passed last September. Thousands of students still have not gotten the vaccine.

EU finance ministers broke no new ground in dealing with the euro zone debt crisis in discussions over the weekend, instead absorbing some ideas and rejecting others and taking stock of progress on agreed steps.

Republican leaders have officially come out against all of the main proposals in President Obama's jobs plan -- including the tax cuts. But if tax cuts for small businesses are now off the table, it's unclear what the Republican alternative is.

Tea Party activist David Lewis will challenge House Speaker John Boehner in next year's Republican primary, running almost exclusively on an anti-abortion platform, The Cincinnati Enquirer reported.

Samsung on Friday filed a countersuit against Apple in Australia, where the sales of Galaxy Tab 10.1 tablet may be banned later this month.

Madonna may have stolen the lion's share of the headlines, but there were plenty of films by women directors earning a lot of buzz at this year's Toronto International Film Festival, which draws to a close on Sunday.

Britain's Justin Rose carded a two-under-par 69 to open up a commanding four stroke lead after the third round of the BMW Championship on Saturday and give himself a shot at the season-ending $10 million jackpot.

A new poll found that Obama's approval rating was only 43 percent, largely because of his handling of the still-slumping economy. But on several key issues, Republican candidates like Rick Perry, Mitt Romney and Michele Bachmann were also unpopular, even within their own party.

Eleanor Mondale, the daughter of former vice president Walter Mondale, died of brain cancer on Saturday at age 51. Hers was one of two prominent deaths: Kara Kennedy, the daughter of the late Sen. Edward Kennedy and the niece of former President John F. Kennedy, died of lung cancer, also at 51.

Scarlett Johansson has become the latest celebrity whose nude photo stirred up a scandal.