IBT Staff Reporter

China's monetary policy tightening will continue for some time as inflation remains higher than the government is comfortable with, and the yuan will be one of the tools used to fight it, the central bank governor said on Saturday.

The owners of three of the largest Internet poker companies operating in the United States were accused on Friday of tricking regulators and banks into processing billions of dollars of illegal Internet gambling proceeds.

Bringing Swiss miners Glencore and Xstrata together would add value but is not on the agenda at the moment, Glencore Chief Executive Ivan Glasenberg said in a newspaper interview on Saturday.

Europe is likely to be hit the hardest among major economies by a potential global slowdown in 2012, but China's $300 billion sovereign wealth fund is still looking for investment opportunities there, its head said on Saturday.

Diana, Princess of Wales, was the subject of an FBI investigation after an agent was told someone had mailed a bomb as a wedding present according to de-classified documents.

Apple, which had disclosed details of its White iPhone 4 in July last year when the iPhone 4 was launched, is all set to launch the new product by the end of April.

With the Ayn Rand's classic book 'Atlas Shrugged' finally hitting the silver screen on April 15, the anticipation seems to have peaked. Here are the videos of the movie trailers and teasers.

China's monetary policy tightening will continue for some time because inflation remains higher than the government is comfortable with, with the yuan being one of the tools used, the country's central bank governor said on Saturday.

Sprint Nextel Corp CEO Dan Hesse attacked rival AT&T Inc's planned acquisition of T-Mobile USA on Friday, saying a tie-up between the two would hurt innovation and set the country's wireless industry back.

China's largest social network, Renren, filed for a U.S. initial public offering to raise up to $573.1 million, the first of a clutch of Facebook clones hoping to boost their profile with an American listing.

Nasdaq OMX Group Inc told investors it could sell NYSE Euronext's American Stock Exchange and offer a break-up fee to overcome antitrust concerns in its $11.3 billion bid for the Big Board parent, a source familiar with the situation said on Friday.

U.S. authorities closed six banks on Friday, bringing the total number of foreclosures in 2011 to 34.

China's largest social networking site Renren filed for an initial public offering with U.S. regulators to raise up to $573.1 million.

A computer hacker was sentenced to 24 months behind bars on Friday for launching a virus that infected approximately 100,000 computers worldwide and directed them to attack media outlets that carried stories about him, federal prosecutors said.

The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.

The military said it shot down an intermediate-range ballistic missile target over the Pacific on Friday in the most challenging test yet of its work on a planned antimissile shield for Europe against Iran.

The House of Representatives set the bar for an upcoming debate on the 2012 budget by passing a $3.5 trillion federal bill on Friday that spends $179 billion less than President Barack Obama's proposal in February.

President Barack Obama signed the law that officially averts a federal shutdown but objected to and vowed to repeal rules attached to it that prevent the use of money to transfer detainees out of Guantanamo Bay or to foreign countries.

Inflation accelerated in Asia and Europe in March while the United States bucked the global trend with underlying price pressures largely in check, leaving monetary policy on diverging paths around the world.

Encouraging economic indicators sent U.S. stocks higher on Friday, but the market's recent struggles are set to continue into next week when more than one-fifth of S&P 500 companies report results.

A computer programmer who once volunteered for the organization behind To Catch a Predator was sentenced to two years in prison for launching DDoS attacks against web sites that embarrassed him.

The Obama administration urged the private sector on Friday to develop methods that consumers can use instead of passwords to identify themselves online and, in some cases, in brick and mortar stores.

A new bill in Congress would force NASA to move one of the retired space shuttles to Houston; instead of New York City as intended.

A patent application, filed September 2009, describes a low-power projector design that would be cheaper to manufacture than current versions.

France Telecom and Deutsche Telekom will share parts of their mobile networks in Poland, Austria, and Romania, saving perhaps 650 million euros in operating and investment costs a year, sources said.

Oil rose on Friday, with Brent crude surging past $123 a barrel, as improving U.S. consumer confidence and industrial production eased concerns about rising fuel costs.

The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.

The Group of 20 nations agreed on Friday on a way to measure the potential risks to the global economy posed by national economic policies as part of a plan to avoid a repeat of the 2007-2009 financial crisis.