IBT Staff Reporter

121711-121740 (out of 154945)

Oil pushes towards $69; G20 lifts sentiment

Oil prices pushed toward $69 a barrel in thin trade on Monday, with sentiment buoyed by Asian and European equities and by a decision by the G20 to keep economic stimulus measures in place.

Sex Pistol singer John Lydon to reform Public Image

Punk rock singer John Lydon, formerly known as Johnny Rotten of the Sex Pistols, is re-forming his band Public Image Ltd -- or PiL -- after a 17 year hiatus with a five-date tour in December, according to media reports.

Zimbabwe's neighbors to seek end to sanctions

African leaders will step up calls on Monday for an end to Western sanctions against Zimbabwe and urge South Africa to plead Harare's cause within the Group of 20 rich and developing nations, officials said.

Global stocks jump on G20 stimulus and U.S. jobs

Investors jumped back into equities on Monday, sending world stocks close to their highest level for the year, while the dollar weakened against a basket of currencies as demand for risky assets rose across the board.

Suicide bomber in west Iraq kills nine

A suicide bomber drove a car packed with explosives into a police checkpoint just outside Iraq's western city of Ramadi on Monday, killing nine people and wounding at least 13, police said.

Landmine kills five Pakistani soldiers

Five Pakistani soldiers were killed in a land mine blast in the Taliban bastion of South Waziristan on Monday a day after forces killed 33 militants as part of a week-old campaign in the Khyber Pass, officials said.

Bankers gather to tackle skepticism, rebuild trust

Top executives from some of the world's leading banks will gather for a conference in Frankfurt this week as lenders seek to rebuild trust in the global financial system almost a year after Lehman Brothers collapsed.

Israel authorizes new settler homes in West Bank

Israel approved on Monday the building of 455 settler homes in the occupied West Bank, a move opposed by its U.S. ally and Palestinians but which could pave the way for a construction moratorium sought by Washington.

China threatens punishment for rumors in Urumqi

The government in China's far western city of Urumqi ordered shops to close on Monday, sending new rumors through the city despite calls for calm after reported syringe attacks that inflamed ethnic tension.

Iran rules out talks on its nuclear rights

Iran's president snubbed on Monday U.S. President Barack Obama's end-September deadline to talk to world powers on its disputed nuclear program, saying in his opinion discussion on the issue is finished.

Abu Dhabi to buy Chartered; Hynix stake up for grabs

Abu Dhabi's state-owned ATIC offered to buy Chartered Semiconductor for $1.8 billion, while major shareholders in Hynix began the sale of a $2.8 billion stake, kickstarting consolidation in a chip sector emerging from its worst ever downturn.

Oil pushes towards $69

Oil prices pushed toward $69 a barrel in thin trade on Monday, with sentiment buoyed by Asian and European equities and by a decision by the G20 to keep economic stimulus measures in place.

Gold steadies below $1,000

Gold held broadly steady on Monday just shy of $995 per ounce, consolidating stellar gains last week that took it tantalizingly close to the $1,000 psychological level, with buyers encouraged by dollar weakness.

Stocks jump on G20 stimulus and U.S. jobs

Investors jumped back into equities on Monday, sending world stocks close to their highest level for the year, while the dollar weakened against a basket of currencies as demand for risky assets rose across the board.

Japan PM-elect backs 25 percent greenhouse gas cut

Japan's prime minister-elect said on Monday he will forge ahead with a tough 25 percent cut in emissions by 2020, despite growing opposition from industry which says the target will hurt the world's No. 2 economy.

Equities jump after G20, U.S. jobs data

Investors jumped back into equities on Monday, sending stocks up more than 1 percent, after a rare week of losses, while the dollar weakened and gold was steady at just below $1,000 an ounce.

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