IBT Staff Reporter

The Iraqi parliament on Sunday failed to resolve an impasse threatening to delay the country's election in January, which could affect the U.S. military's plans for a partial pullout next year.

Indonesian coal miner PT Bumi Resources Tbk said on Monday it plans to raise $300 million from the sale of seven-year convertible bonds.

India's Reliance Industries has made a cash offer to buy bankrupt U.S. basedpetrochemicals firm LyondellBasell Industries.

HEGANG, China (Reuters) - Relatives of victims of a gas blast at a northeast Chinese coal mine scuffled with police and demanded answers from the owners on Monday as state media put the toll from the latest in a series of mine disasters at 104.The protest came a day after another 11 miners were killed in a blast at a pit in the southern province of Hunan, Xinhua said. China's stability-obsessed government is nervous about any public protests, and will be keen to keep discontent under control...

Gulf Keystone Petroleum Ltd said on Monday it found additional oil in an Iraqi well, sending the oil and gas explorer's shares up 7.8 percent.

Prime Minister Gordon Brown, aware his chances of re-election may hinge on the economy emerging from recession, called on Monday for a global growth strategy to tackle trade and currency imbalances.

The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said on Monday, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.

Japan Airlines Corp asked retirees and employees on Monday to accept an average 40 percent cut to their pension payouts and warned the struggling airline could face bankruptcy if an agreement could not be reached.

Tyson Foods Inc posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.

A major draft EU law on market infrastructure will be tabled next July to make share and derivatives trading less risky for investors and the broader financial system from late 2012, industry sources said on Monday.

The global economy is in a holding pattern and vulnerable to more upheaval, and a lasting recovery will depend on policymakers taking the proper steps in coming months, the head of the IMF said on Monday.

Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million after it trumped Nokia Siemens Networks in a three-day auction.

The dollar fell broadly on Monday, hitting a six-week low against the yen after dovish comments from a U.S. Federal Reserve official reinforced the view that U.S. interest rates would stay low for a long time.

The Canadian dollar was firmer on Monday ahead of key Canadian retail sales data, helped by stronger equity and commodity prices, including a record level for gold, and broad-based U.S. dollar weakness.

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Britain's top share index was up 1.7 percent at midday on Monday, fuelled by strength in miners and energy stocks thanks to firmer commodity prices, while improved risk appetite also boosted banks.

U.S. stock index futures rose about 1 percent on Monday, looking to snap a three-session losing streak as commodity and natural resource stocks gained on a falling U.S. dollar.

Tyson Foods Inc reported a higher-than-expected quarterly profit on Monday, boosted by the performance of its beef, pork and prepared foods businesses.

U.S. stock index futures rose about 1 percent on Monday, looking to snap a three-session losing streak as commodity and natural resource stocks gained on a falling U.S. dollar.

The dollar fell broadly on Monday after dovish comments from a U.S. Federal Reserve official added weight to expectations that U.S. monetary policy would stay ultra-loose for a prolonged period.

Chicago Federal Reserve President Charles Evans expects U.S. unemployment to peak at around 10.5 percent next spring and hopefully easing to about 9.5 percent by end-2010, according to comments published on Monday.

Gold hit a record high at $1,167.45 an ounce on Monday as dollar weakness pushed the metal through key technical resistance levels, fuelling momentum buying after the metal's sharp run higher earlier this month.

Cadbury Plc shares hit a record high on speculation of a battle for the British confectioner between bidder Kraft Foods Inc and rivals who are considering making takeover offers, analysts said on Monday.

Several U.S. policy makers consider JPMorgan Chase & Co Chief Executive Jamie Dimon as a potential successor to U.S. Treasury Secretary Timothy Geithner, the New York Post said, citing sources.

Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction.

U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.8 to 1 percent.

Gold powered to another record high on Monday as the dollar sank, while higher commodity prices lifted world equities.

A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.

A group of U.S. business economists boosted their forecast for economic growth over the next year, but said the jobless rate will remain stubbornly high, a survey released on Monday showed.