IBT Staff Reporter

Finance ministers from east Asian countries on Sunday cited rising global asset prices and inflationary pressures and sovereign debt risks' possible impact on capital inflow as the key risks facing their economies.

People with mental illness choose to remain silent due to how the community treat them.

Switzerland's UBS , looks set to top analysts' expectations next week by posting a first-quarter net profit of between 2.2 billion Swiss francs and 2.5 billion Swiss francs ($2.0 billion to $2.3 billion), a Swiss newspaper reported without citing sources. UBS, which said last month its pretax profit would be at least 2.5 billion Swiss francs, is seen swinging to a fi...

The huge oil spillage in the Gulf of Mexico could cost British energy giant BP over 3 billion pounds ($4.6 billion) in containment and clean-up expenses, according to the Mail on Sunday.

China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.

With the new regulations to start by 2012, the government aims to make Australians quit the smoking habit.

European trader Glencore International is studying a merger with Xstrata to create a mining and trading group worth 55 billion pounds ($84.5 billion), a source close to the deal said.

India Post has launched gold coins with India Post logo for sale to the customers across India. The gold coins will be of the denomination 0.5 g, 1 g, 5 g and 8 g of 24 carat with 99.99 % purity. Apart from enhancing the revenue of the Department, this will enable India Posts to usher in a new image of India Post as a modern and relevant organization to the public in all areas of life.

China reaffirmed on Sunday its resistance to pressures to let the yuan CNY=CFX rise sharply, dismissing arguments that its foreign exchange policy was mainly responsible for the country's trade surplus.

Greece has sealed a deal with the European Union and IMF that opens the door to a multi-billion euro financial bailout and will require big sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.

Greece has sealed a deal with the EU and IMF that opens the door to a multi-billion euro financial bailout but will require major sacrifices from the Greek people, Prime Minister George Papandreou said on Sunday.

Australia's government angered its booming resources sector on Sunday by unveiling a new tax on mining projects from July 2012 under a sweeping pre-election tax overhaul which will also boost pension savings for workers.

Greece has sealed a deal with the European Union and the IMF that opens the door to a multi-billion euro financial bailout of the heavily indebted euro zone member, a senior government official said on Sunday.

Greece appeared set to announce a deal with the European Union and the IMF for a multi-billion euro financial bailout on Sunday, a day after thousands protested in Athens against planned state cutbacks.

Greece hopes to secure a deal with the European Union and the IMF for a multi-billion euro financial bailout to be announced on Sunday, a day after thousands protested in Athens against planned state cutbacks.

A top U.S. banking regulator is concerned with a provision in a bill by Senate Democrats that would require banks to spin off their swaps desks, according to a letter obtained by Reuters on Saturday.

Brazilian state-run energy firm Petrobras will seek other ways to raise capital if congress turns down plans for the government to pump billions of dollars into the company, a newspaper reported.

Warren Buffett on Saturday launched a strong defense of Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs Group Inc and the investment bank's embattled chief executive, Lloyd Blankfein.

Greece expects to conclude talks with European Union and IMF officials on a multi-billion euro financial bailout on Saturday, a government official said, while thousands protested in Athens against planned state cutbacks.

Leftist Bolivian President Evo Morales said on Saturday he had nationalized four power companies, including a subsidiary of France's GDF Suez, in his drive to tighten state control over the impoverished economy.

Chancellor Angela Merkel said she would welcome a contribution from Germany's private sector to support a Greek rescue package and acknowledged the public outrage over the damage caused by market speculation.

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Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data to push prices higher toward the end of the week. The oil spill from a collapsed rig off the Gulf coast may also have played a role in firming prices. Analysts said that the spill could have a short-term impact on supply if it interfered with oil deliveries to Gulf coast refineries, and a longer-term impact if it led to new restrictions on offshore drill...

A more flexible yuan will help balance the Chinese economy, but Beijing alone must decide on when and how to adjust its currency policy, the head of the Asian Development Bank (ADB) said on Saturday.

In an attempt to boost its international rice sales, Cambodia has decided to axe rice export licenses to exporters. Country's Prime Minister Hun Sen issued a new order in this regard to replace an old order of 2008. The document ordered would-be exporters to apply to a Ministry of Commerce-run company called Green Trade for a permit.

The National Spot Exchange Limited (NSEL), India has recorded a turnover of Rs 2084.29 lakhs with total of 478 trades at the end of the first trading session. The turnover in bullion was Rs. 316.30 lakhs and in agri commodities Rs. 1767.99 lakhs.

U.S. regulators seized three Puerto Rican banks on Friday and sold their deposits to other banks, costing the Federal Deposit Insurance Corp insurance fund $5.3 billion -- one of the largest hits in the banking crisis.

In the second stage of a two-part rollout, Apple Inc on Friday began selling the pricier, high-speed wireless version of the iPad in the United States, following the successful launch of the short-range Wi-Fi tablet earlier this month.

Chevron Corp and Total SA posted sharp gains in quarterly profit on Friday, the latest among the major oil companies to see their coffers swell on the strength in oil prices.