IBT Staff Reporter

The German and Swiss governments aim to sign a deal this week on taxing money stashed by German citizens in secret accounts in the Alpine state, according to a German government source.

A French banking system shaken by a crisis of confidence and hobbled by the need to deleverage and write down assets could choke off credit to consumers and businesses and shatter France's fragile recovery.

Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on their best week since early July.

Pakistan will not seek a new International Monetary Fund programme, nor will it ask for an extension of the current one due to end on September 30, because it has no balance of payments crisis and has enough foreign exchange reserves, a finance ministry official told Reuters on Sunday.

Pakistan will not seek a new IMF loan program or ask for an extension when its existing loan package ends on September 30, because it has no balance of payments crisis and has enough foreign exchange reserves, a finance ministry official told Reuters 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.

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.