IBT Staff Reporter

In a country where being connected is seen as crucial, Ushi, China's answer to LinkedIn, expects explosive growth over the next few years in the world's largest Internet market.

Russian payment processing firm Chronopay denies it is connected to the Mac Defender malware that has infected thousands of Macintosh computers in the last few weeks.

Ratings agency Standard and Poor's cut its credit rating on Tokyo Electric Power <9501.T> to junk status on Monday, saying the utility's bank lenders were more likely to be forced to write off debt as part of a restructuring scheme to compensate victims of an ongoing nuclear crisis.

Russia's central bank surprised markets by raising its deposit rate on Monday, citing inflation expectations and risks to economic growth, and indicated that current rates will be acceptable in coming months.

ChronoPay, a Russian payment service company, has vehemently denied accusations that Mac Defender, the first scamware ever to strike Apple computers, is its “brainchild.”

Greece's conservative opposition demanded tax cuts on Monday as the price for a consensus deal with the Socialist government on imposing yet more austerity, a major condition for getting further aid from the EU and IMF.

Memorial Day, observed on the last Monday of May, is not just another day to take a day-off from work, have BBQ with friends, or get a special discount while shopping, but a day meant to commemorate the U.S. soldiers who died while serving in the military.

UBS has seen dire client activity in recent weeks, Juerg Zeltner, the bank's wealth management head, was quoted as saying in an interview with the Wall Street Journal on Monday.

China's Supreme Court has ordered to impose harsher penalties, which include death sentence to people who have violated the food safety, as the government struggles to clean up the food supply.

Hackers have infiltrated Lockheed Martin, the world's largest defense equipment supplier's defenses, which the company termed as significant and tenacious.

Manchester United's top scorer Dimitar Berbatov looks likely to leave the club after being excluded from the Champions League final squad against Barcelona on Saturday.

Mac Defender, the first major attack ever to strike Apple computers, has been traced to a Russian online payment service site ChronoPay, according to Brian Krebs, an online security researcher.

British chip designer ARM Holdings Plc, which licenses its chip technology to other makers, will take any plan by Intel Corp to make chips for rivals very seriously, a top executive said on Monday.

The French Open semifinals could see a clash between Novak Djokovic and Roger Federer.

G8 leaders all back French Finance Minister Christine Lagarde's bid to run the IMF, Foreign Minister Alain Juppe said on Sunday, as the candidate attacked a call to investigate her role in a 2008 legal case that may harm her chances.

Ushi, China's answer to LinkedIn, hopes to have 10 million users in two years and to raise $5 million in its next round of fundraising, its chief executive said on Monday.

Luggage maker Samsonite, backed by private equity firm CVC Capital Partners , moved closer to a $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal on Monday as it bet on booming Asian demand for global consumer brands.

Honda Motor <7267.T> said on Monday it has decided to suspend share buybacks temporarily to preserve funds after the March 11 earthquake and tsunami.

The euro slipped and world stocks were stuck on Monday with fears of a Greek debt default undimmed and U.S. and UK market holidays keeping many investors on the sidelines.

The idea that a Greek debt restructuring could be carried out in an orderly way is a fairytale, European Central Bank board member Lorenzo Bini Smaghi said in an interview published on Monday.

Two-time Champions League winning Barcelona coach Pep Guardiola quashed rumors pointing to his resignation saying he would stay with the Catalans for one more season.

Australia's government urged companies on Monday to tighten vigilance over cyber attacks launched offshore against some of the world's biggest resource firms and other businesses, warning high-tech threats were intensifying.

32 years ago, 918 followers of Jim Jones died at Jonestown, the spiritual encampment established in the jungles of Guyana intended to be a utopian dream.

Monday, May 30. Today is Memorial Day, a time to remember the sacrifices made by our brave soldiers serving our country.

The dollar hovered near a two-week low against a basket of currencies on Monday and Asian stocks were pinned in tight trading ranges as weak U.S. economic data and fears of a Greek debt default kept many investors on the sidelines.

UBS has seen dire client activity in recent weeks, Juerg Zeltner, the bank's wealth management head, was quoted as saying in an interview with the Wall Street Journal on Monday.

A trailer for The Girl With the Dragoon Tatoo has been released to the web, and specifically, YouTube.

President Barack Obama visited Joplin, Missouri on Sunday after returning from a six day diplomatic tour of Europe.

European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.