IBT Staff Reporter

58591-58620 (out of 154947)

Europe snubs IMF call to force-feed bank capital

Europe gave a cool reception to a demand from the International Monetary Fund's new head Christine Lagarde to force its banks to bulk up their capital, saying the continent had done enough already.

World's Fastest Man takes His Time

For the world's fastest man, Usain Bolt sure took his time in responding to the controversial disqualification which stripped athletics of its biggest name from its blue riband event.

Exclusive: Big oil companies may have to give up Iraq gas

Many of the world's biggest energy companies may have to surrender most of the gas from Iraq's vast southern oilfields to a processing and export project led by Shell, a final draft contract between Baghdad and Europe's biggest company, obtained by Reuters, shows.

Moody's, S&P cut Sino-Forest ratings as CEO exits

Credit rating agencies Moody's and Standard & Poor's slashed their ratings on the debt of Chinese forestry company Sino-Forest on Monday, a day after Allen Chan, chairman and CEO of the Toronto-listed company, stepped down in the face of fraud accusations.

Wall St rallies, insurers up post-Irene

U.S. stocks jumped nearly 2 percent on Monday as a merger between two big banks in Greece suggested Europe was working through its financial problems and a rebound in consumer spending calmed fears about the U.S. economy.

Wall St expected to open Monday

The U.S. stock market will open for a normal trading session on Monday, although with lower volume expected and some delays in opening hours, despite damage from Hurricane Irene.

Lockerbie Bomber in 'Comatose' State

Abdelbaset Ali al - Megrahi, who was convicted over the December 1988 bombing of Pan Am flight 103, is harking on death's door. The Libyan citizen jailed for 270 counts of murder for the bombing of Lockerbie is currently under the care of his family members at his Tripoli home in Libya.

Wall Street to open Monday

The U.S. stock market will open for a normal trading session on Monday, although with lower volume expected and some delays in opening hours, despite damage from Hurricane Irene.

LG Display cuts capex; tablet boom hits LCD TVs

Flat-screen maker LG Display will slash next year's capital spending by a quarter as booming sales of mobile devices from iPads to Android smartphones saps demand for TV panels, its main source of earnings.

Stock Futures Signal Early Gains on Wall Street

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 1 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 1 percent at 0930 GMT (5:30 a.m. ET).

Pages