IBT Staff Reporter

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World stocks rise on China data

World stocks edged toward last week's 30-month high on Monday as China's shrinking trade surplus underscored its robust domestic demand and talk of slower-than-expected inflation eased policy tightening concerns.

Nokia shares fall further after Microsoft deal

Shares in Nokia, the world's top mobile phone maker by volume, fell again on Monday as analysts cut their recommendations and earnings forecasts after its deal to use Microsoft's software.

Asian stocks shine, China inflation data eyed

Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.

Algeria opposition says to hold weekly rallies

Algerian opposition groups said on Sunday they would follow up the protest they held this weekend by calling a demonstration in the capital every Saturday until the government is changed.

Abbas' cabinet to resign on Monday - sources

The Palestinian cabinet will tender resignations Monday after which Prime Minister Salam Fayyad will select new ministers at the request of President Mahmoud Abbas, political sources said.

Yemeni police block protesters' march on palace

Hundreds of anti-government protesters, inspired by the mass uprising in Egypt, clashed with police blocking them from marching to Yemen's presidential palace in Sanaa on Sunday, witnesses said.

S.Africa commission recommends Wal-Mart deal approval

South Africa's Competition Commission has recommended that retail group Wal-Mart's proposed acquisition of 51 percent of equity in Massmart be approved without conditions, the two companies said in a statement on Saturday.

Mugabe in Singapore for eye surgery checks: paper

Zimbabwean President Robert Mugabe is in Singapore for a medical review after undergoing a cataract operation there last month but is expected to come home before his birthday next week, state media reported on Sunday.

Military rulers suspend Egyptian constitution

Egypt's new military rulers said on Sunday they had dissolved parliament, suspended the constitution and would govern only for six months or until elections took place, following the overthrow of Hosni Mubarak.

Sanofi completes Genzyme review: report

Sanofi-Aventis has completed a review of the financial books and operations of takeover target Genzyme Corp , but the two sides continue to discuss a final price for a potential deal, according to The Wall Street Journal.

Asian stocks shine as Egypt worries fade

Asian stocks rose on Monday as investors greeted news of Egyptian President Hosni Mubarak's resignation with relief, while U.S. crude steadied near $85.50 per barrel after falling to 10-week lows as geopolitical tensions eased for now.

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