EU banks have credit losses of $587 billion: paper
Twenty-two large banks in Europe may have accumulated credit losses of close to 400 billion euros ($587 billion) for this year and next, the International Herald Tribune reported on Saturday.
Stocks' rally to be tested by jobs data
The rally in U.S. stocks, which stumbled in recent days on worries about the economic recovery and continued government stimulus, will be tested this week by crucial data on growth and jobs.
G20 must tackle global imbalances - Trichet
The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank President Jean-Claude Trichet said in comments released on Sunday.
Brown says he won't roll over before next vote
Prime Minister Gordon Brown said on Sunday he would not roll over before the next election, which polls suggest he will lose badly, and dismissed gossip that his health was too poor to fight a strong campaign.
Police contain riot at sensitive Jerusalem holy site
Israeli police fired tear-gas and stun grenades on Sunday to disperse some 150 Palestinians who began hurling stones as foreign tourists visited a sensitive religious site in the Old City.
Philippines seeks typhoon aid, battles to avoid backlash
The Philippines appealed for international aid to help tens of thousands marooned by flashfloods, and apologized for the delays in rescue efforts to avoid potential political fallout from the crisis.
Iran test-fires missiles amid nuclear tension
Iran test-fired missiles on Sunday to show it was prepared to head off any military threat, four days before the Islamic Republic is due to hold rare talks with world powers worried about its nuclear ambitions.
Honduras de facto government sets deadline over crisis
Brazil has ten days to decide on the status of ousted Honduran President Manuel Zelaya, who took refuge in the Brazilian embassy on Monday after sneaking back in the country, the de facto government said on Saturday.
Highlights of final campaign speeches in Germany
Here are excerpts from the final campaign speeches of the leading candidates from Germany's main parties ahead of a federal election on Sunday:
Merkel centre-right hopes at risk as Germans vote
Germans voted on Sunday in a federal election that looks likely to return Chancellor Angela Merkel to power but may deny her the center-right government she says is needed to revive Europe's largest economy.
Kraft set to launch hostile Cadbury bid: report
Kraft Foods Inc is poised to launch a hostile bid for Cadbury Plc valuing the British confectionery business at around 11 billion pounds ($17.6 billion), a report in The Observer newspaper said.
Global rebalancing to weaken dollar, quietly
Twenty-four years ago, major nations called for depreciation of the dollar to rebalance the global economy. Now, as another effort at rebalancing looms, the dollar will again bear the brunt — though officials will try to ensure its fall is less dramatic this time.
ECB's Trichet says U.S. support for strong dollar important
European Central Bank President Jean-Claude Trichet said U.S. commitment to a strong dollar is important in keeping currency markets and the global economy stable.
ECB's Trichet: G20 must tackle global imbalances
The Group of 20 rich and developing nations must tackle global economic imbalances in its new role as the key international policy forum, European Central Bank President Jean-Claude Trichet said in comments released on Sunday.
Crawford says Time Warner will sell magazine unit
Time Warner Inc will eventually sell the Time Inc magazine unit and could buy holdings in its core entertainment category, Gordon Crawford, managing director of its largest shareholder, said during a presentation this week.
More tax cases vs wealthy, U.S. banks
The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.
Government steps up prosecution of U.S. tax evaders
The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.
Fed to work with lawmakers on naming borrowers
The Federal Reserve is willing to work with U.S. lawmakers on ways to release names of companies that borrow from the central bank after a time lag so the disclosures do not disrupt markets, a Fed official said.
Michael Jackson Tapes: Never heard interviews unveiled (Video, Full Transcript)
Never heard before tapes of intimate conversations with Michael Jackson were unveiled Friday night on NBC's Dateline.
More tax cases vs wealthy, U.S. banks: U.S. prosecutor
The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.
G20 faces credibility test on markets
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
EU's Barroso concerned about G20 climate progress
European Commission President Jose Manuel Barroso expressed concern on Friday that the G20 countries were not moving fast enough to help achieve a United Nations agreement on fighting climate change.
Silicon Valley fund to invest $100 million in green cos
Silicon Valley venture fund CMEA Capital said on Friday it will invest an additional $100 million in alternative energy companies over the next three years.
Peru Camisea consortium to auction gas in October
The consortium that operates Peru's massive natural gas field at Camisea is expected to launch an auction in October to sell fuel to the local market, the country's vice minister of energy said on Friday.
Chrysler's board meets, workers rally near Detroit
The Chrysler Group LLC board of directors met on Friday to discuss Chief Executive Sergio Marchionne's plan for revamping the automaker's product line-up at a time of sagging sales, a person with direct knowledge of the plans said.
Hildebrand-inflation to drive SNB's exit strategy
Swiss National Bank Vice Chairman Phillip Hildebrand said on Friday that the bank would do whatever it takes to adjust monetary policy -- but only when the right time comes.
Citi sues Morgan Stanley over CDS, claims $245 mln
Citigroup Inc sued Morgan Stanley on Friday for breach of contract, saying the Wall Street firm owed it $245.4 million for protection it bought on a loan.
CORRECTED: G20 faces credibility test on markets
(Corrects dates of next meetings, paragraphs 9 and 18)
Toyota raises world '09/10 sales f'cast 3 pct -media
Toyota Motor Corp, has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.
Hyatt says laid-off Boston workers to get new jobs
Hyatt Hotels Corp said on Friday that nearly 100 housekeeping workers laid off in August will be offered new full-time jobs in the Boston market.