ECB buying steadies Europe, U.S. downgrade weighs
Italy and Spain's borrowing costs fell on Monday as reports filtered in that the European Central Bank was buying their bonds, lifting European shares and partly overcoming jitters about a rating downgrade for U.S. debt.
RBI, govt to step in if needed - Kaushik Basu
The government and the RBI will step in to contain the impact of an uncertain global economic situation, if needed, Chief Economic Adviser to Finance Ministry Kaushik Basu said on Monday.
U.S. gold strikes record above $1,700 on S&P downgrade
Bullion roared to a record on Monday above $1,700 an ounce as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
India better placed to weather world econ storm: Pranab
India is in a better position than other countries to manage the impact of an uncertain global economic situation following the developments in the United States and the euro zone, the finance minister said on Monday.
Moody's says U.S. needs to find more deficit cuts
Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
Analysis: Behind the bluster, China reprices U.S. risk
Chinese editorials flaying Washington for fiscal recklessness over its debt dramatics and downgrade mask a growing unease in Beijing: a fear that China's own economic policies are shifting too slowly.
Moody's says U.S. still needs to find more deficit cuts
Ratings agency Moody's repeated a warning on Monday it could downgrade the United States before 2013 if the fiscal or economic outlook weakens significantly, but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.
Searching for a new Sony in the rubble of the great quake
On a recent trip to Japan's devastated northeast coast, venture capitalist Yoshihito Hori chanced upon a group of fishermen outside an evacuation center collecting wood from the debris where homes once stood. They were pulling out the nails and cutting it up to sell as firewood for 500 yen ($6.37) a bundle.
Japan signals more FX action; Moody's doubts effect
Japan on Monday signaled it was ready to continue intervening in the currency market in the wake of a G7 agreement to counter excessive exchange-rate moves, but Moody's Investors Service warned that Tokyo's efforts to weaken the yen were ineffective and negative for its sovereign ratings.
BlackRock looks to buy more U.S. mortgage agency debt
BlackRock, the world's largest money manager, is looking for opportunities to buy U.S. mortgage agency debt in the wake of Standard & Poor's downgrade of the U.S. sovereign rating, said Rick Rieder, the firm's chief investment officer of fixed income, fundamental portfolios.
X Factor Ropes in Mariah Carey Full-time Now
Mariah Carey is all set to star in the reality show X Factor.
Investor fear drowns out ECB, G7 pledges
Fear gripped Asian markets on Monday as the fallout from the historic downgrade of the U.S. debt rating drowned out pledges of assistance from Europe's central bank and soothing words from the Group of Seven.
World shares slide despite G7, ECB hopes boost euro
Shares tumbled on Monday despite efforts by global policymakers to stem a collapse in investor confidence after S&P downgraded the U.S. credit rating, but the euro firmed on hopes the ECB will act to stop Europe's debt crisis from engulfing Italy and Spain.
Manchester United 3-2 Manchester City - Match Highlights (VIDEO)
Manchester United capped a remarkable comeback with an injury time winner at Wembley, giving themselves a 3-2 victory in a thriller against Manchester City in the FA Community Shield.
Baidu and BMW tie up on search services in vehicles
Baidu Inc, China's largest search engine, said on Monday it has signed an agreement with BMW to provide its search services in some of the German automaker's vehicles.
?Explosive? Jacqueline Kennedy-Onassis Tapes to be Aired Soon
Secret tapes recorded by Jacqueline Kennedy-Onassis reveal that she believed that vice-President Lyndon B. Johnson and Texas businessmen killed her husband President John F Kennedy.
China official media: U.S. woes threaten global
The United States and Europe must summon the political courage to defuse their debt woes or global economic recovery will be threatened, Chinese official media said on Monday, reflecting the pressures on Beijing with its big stash of dollar assets.
Analysis: ECB fumbles between fire hose and sprinkler
The European Central Bank waved its big fire hose at blazing bond markets, then turned on a puny sprinkler.
AIG to sue BofA over mortgage bonds: report
U.S. insurance giant American International Group is planning to sue Bank of America to recover more than $10 billion in losses on $28 billion of investment in mortgage-backed securities, the New York Times said citing three people with knowledge of the complaint.
S&P: Asia would be hit harder by a second global crisis
A new global financial crisis would hit Asia harder than the last one, especially nations heavily exposed to offshore markets or still repairing budgets from the 2008-2009 crisis, credit ratings agency Standard and Poor's said on Monday.
Regulators send subpoenas to high-frequency traders: report
The U.S. securities regulator has sent subpoenas to high-frequency trading firms in relation to last year's flash crash probe, the Wall Street Journal reported, citing people familiar with the matter.
How Former NY Governor Hugh Carey Saved City from Default?
Former Governor of New York, Hugh Carey who successfully tackled New York's financial crisis in the 1970's died on Sunday. He was 92.
U.S. stocks, oil, dollar fall on downgrade
U.S. assets fell sharply in early electronic trading on Sunday in response to a downgrade of the U.S. credit rating by Standard & Poor's, while the euro rose on expectations of further bond purchases by the European Central Bank to deal with the euro zone's debt crisis.
Debt issuers brace for impact from downgrade
A downgrade of United States' top-tier credit rating has Wall Street scrambling to figure out the knock-on effects for the financial system, from mortgages to banks to markets that rely on U.S. Treasuries for collateral.
Oracle, other companies punkd in hacking contest
A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.
NATO investigates deadly Afghan helicopter crash
NATO tried to determine on Sunday if Taliban insurgents had shot down a troop-carrying helicopter in Afghanistan, killing 38 in the largest loss of life suffered by foreign forces in a single incident in 10 years of war.
Analysis: Housewives heads to China as Hollywood inks deals
Hollywood studios are set to break into China's massive Internet market as domestic video sites scramble to screen U.S. movies and dramas on their digital platforms, a move which could also curb rampant piracy.
Japan says market trust in dollar, Treasuries unshaken
Japanese Finance Minister Yoshihiko Noda said on Monday that market trust in the dollar and U.S. Treasuries has not wavered in the wake of a U.S. credit downgrade, indicating Tokyo's readiness to maintain its massive holdings of U.S. government bonds.
Pledges by ECB, G7 cushion downgrade shock
A pledge of coordinated action by the world's industrial powers wedded to hopes of aggressive bond buying from Europe's central bank helped limit the fallout from the historic downgrade of the United States' debt rating in Asia on Monday.
Weight Loss Found to Increase Sex Drive in Obese Men
Obese men with diabetes 2 can enhance erectile function and decrease urinary tract symptoms along with increased sexual desire by losing weight, a new study published in the Journal of Sexual Medicine shows.