IBT Staff Reporter

President George Bush called on Congress Monday to pass a controversial free trade agreement with Colombia, declaring the need is urgent for US national security. The pact will give Congress a 90-day deadline to vote on the new legislation.

The dollar rose against the euro and yen on Monday as investors disregarded last week's decline in jobs and looked ahead to interest rate decisions from central banks in Europe.

The Board of Directors of Yahoo! Inc. today sent the following letter to Steve Ballmer, Chief Executive Officer of Microsoft Corporation.

Commodity Online MUMBAI: Global cues coupled with heavy buying by stockists helped gold to climb more steps on its journey towards north here at the bullion market on Monday.Standard gold...

By Jon Nadler Gold maintained a resilient tone in Asian trading overnight, oscillating between $910 and $920 as stock markets gained a bit on investor confidence.Support came from a $1 ris...

Commodity Online JOHANNES BURG: African Global Capital on Sunday announced its first investment by taking stakes of nearly 30 percent in Aflease Gold, according to South Africa s Business D...

Commodity Online TOKYO: Gold prices continued to gain on oil s surge along with a weak US dollar as banks investors and speculators began to purchase the yellow metal heavily.Gold futures...

Commodity Online NEW DELHI: OVL, the overseas investment arm of ONGC, will sign an agreement on Tuesday to take 40 per cent stake in Venezuela s the San Cristobel oilfield.OVL will sign t...

Commodity Online CANBERRA: Australia on Monday invited bids to explore 35 more offshore areas for petroleum and natural gas.The areas are located across five basins off the Northern Terri...

Commodity Online Warning that if the EU s Emissions Trading System (ETS) is not implemented properly it will spell negative impact, the WWF said that polluting electricity generators in Eur...

Commodity Online NEW YORK: World oil prices continued their upward journey from last week and are nearing $107 in Asian trade on Monday as US dollar became weaker.In morning trade, New Yo...

UK Prime minister Gordon Brown warned international leaders on Friday about the severity of the current financial crisis, adding that reform of global financial institutions was necessary.

Ram Mohan,Commodity Online BANGALORE/TEXAS: There are some lessons Indian IT companies like Infosys and Wipro can learn from American IT giant Dell.While Indian IT majors are still far awa...

Finance Minister Brian Cowen is confirmed to become the Republic of Ireland's new Taoiseach, also known as prime minister, after Bertie Ahern unexpectedly resigned last week.

Artists Beyoncé, 26 and Jay-Z, 38 married Friday evening in New York, according to People magazine.

Commodity Online BUENOS AIRES: In a major setback to Paraguay s energy need, Argentina on Saturday decided to cut down gas shipment to Paraguay due to the increase of the country's export ...

Total global write-offs at financial institutions are expected to reach $400 billion by the end of the year according to one researcher.

Commodity Online NEW YORK: World oil prices surged to $ 106.23 a barrel, up by $ 2.40 or by two percent Friday on a weak US dollar and a record decline in job market.News of a fire at an ...

Apple Inc. filed a federal challenge to New York's trademark application for a Big Apple logo, alleging that the logo used by GreeNYC, is closely similar to the emblem it uses on iPhones, iPods and iMac computers.

The FTSE 100 share index rose 55.8 points on Friday to 5,947.1 (up 1 per cent).

Alitalia has announced that Aristide Police has been appointed to be its new chairman.

Coffee gained on Friday as the dollar declined boosting other commodities.

Soybeans increased on Friday on concerns that strikes in South America, that disrupted exports, will increase demand for supplies from the U.S.

Crude oil futures rose as the Dollar declined on jobless data, which for many economists signaled the United States is entering into a recession.

Hip Hop break-dancer Wayne Frosty Freeze Frost, who performed in the popular 80's film Flashdance died in New York City yesterday at the age of 44.

Zimbabwean incumbent President Robert Mugabe met with his party aides on Friday to discuss the possibility of a run-off vote with the opposition leader if results show that neither side won a majority of votes.

After enduring huge losses last year, a former executive at Swiss bank UBS called for a sharp shift in strategy that would split up the company, reject the currently appointed Chairman, and rebuild the company's culture for managing risk. The former president Luqman Arnold sent a letter to UBS yesterday outlining his plans for reform.

Gold futures edged higher on Friday, as the dollar slipped after new data reported the biggest unemployment rate climb in five years, raising concerns that the U.S. economy may already be in a recession.

As the Group of Seven (G7) finance chiefs descends on Washington D.C. next week, the Japanese government plans to propose Masaaki Shirakawa as the head of the Bank of Japan in a rush to ensure attendance at the key international meeting.