Barclays lifts ABN offer with China, Singapore help
British bank Barclays raised its bid for Dutch group ABN AMRO to 67.5 billion euros ($93 billion) on Monday, helped by some of the biggest ever overseas investments by China and Singapore. The bid still falls short of a rival $71 billion-euro bid from a group of European banks led by Royal Bank of Scotland.
Jobs in focus as contest for Siemens VDO heats up
Demands for job guarantees at Siemens AG automotive electronics unit VDO moved to the centre of a takeover contest after two suitors were each reported to have bid more than $16 billion for the business.
Yahoo buys stake in largest Indian ad agency Tyroo
Internet giant Yahoo! Inc. has made a strategic investment in Indian online advertising network Tyroo Media Pvt Ltd. by purchasing more than 35 percent stake in the Gurgaon-based firm for an undisclosed sum.
Stocks rise on M&A deals, profits
U.S. stocks rose Monday on strong Merck & Co. profits and news of a nearly $18 billion oil services takeover, while Treasury bonds eased as reduced fears about the subprime credit market made riskier assets attractive again.
Populism may hit India's deficit repair plans
India's success in trimming its fiscal deficit has surprised even itself but progress in the next two years will be harder as dizzying growth slows and pressure for populist spending rises before elections.
Toyota, Riken production to restart but short of capacity
Toyota and parts maker Riken will restart partial work following last week's quake in Japan.
TomTom to buy online map supplier Tele Atlas
Dutch navigation systems company TomTom plans to buy its main supplier of digital maps, Tele Atlas N.V., for 2 billion euros ($2.8 billion) in cash, the companies said on Monday.
U.S. telco results expected to prove video growth
When AT&T Inc. and Verizon Communications Inc. report quarterly results later this month, investors will be looking for proof that their expensive video strategies are starting to pay off.
Kamikaze film delves behind war propaganda
Ordered to sacrifice themselves for the nation by crashing their planes into U.S. warships as Japan vainly battled to stave off invasion in the final months of World War Two, some young pilots instead returned alive.
Barbed wire, bread greet desperate Zimbabwe migrants
These would-be-migrants are the unlucky ones among a growing tide of refugees escaping an economic crisis that has devastated Zimbabwe and threatens to engulf other nations in the region, principally South Africa.
Multiplex cinemas boost India's movie mania
Not too long ago, watching a movie in India mostly meant standing in long lines for tickets to spend three hours in a stuffy hall with bug-infested seats, a creaky sound system and a screen sewn up to hide holes.
Japan PM's agenda, job at risk in July 29 election
Japan's ruling camp looks likely to lose a July 29 upper house election, newspaper surveys showed on Monday, an outcome that threatens to stall Prime Minister Shinzo Abe's conservative agenda and could cost him his job.
Microsoft curtails how long it stores Web searches
Microsoft Corp. said on Sunday the software maker was taking new steps to protect consumer privacy in the areas of Web search and online advertising and called on the Internet industry to support it.
Clinton pilots subsidized malaria drugs in Africa
Former U.S. President Bill Clinton launched a program on Sunday to make subsidized malaria drugs available in Tanzania in a test scheme that could serve as a blueprint for Africa as a whole.
Illegal immigrants to get ID cards in Connecticut
As many U.S. cities and states arrest illegal immigrants in raids and toughen laws against them, a Connecticut city is offering to validate them under a controversial, first-in-the-nation ID card program.
No end in sight to China floods after hundreds die
Storms are expected to batter large swathes of China again on Monday after floods, landslides and lightning killed more than 150 people last week alone, state media said.
Seoul shares hit record, then fall
Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy.
Dollar hits low, stocks retreat on subprime fears
The dollar fell to another record low against the euro on Monday, hit by fresh fears of a global spill-over from the U.S. mortgage market crisis that buoyed safe-haven bonds and forced Asian stocks into a retreat.
China's c.bank says job well done in first half
Provincial governors of China's central bank have given it high marks for its use of various tools in the first half of the year to rein in the world's fastest-growing major economy.
Ecuador tries novel balance of oil and environment
Under pressure to preserve the environment while at the same time ease the poverty of his people, Ecuadorean President Rafael Correa has come up with an unusual solution.
Warner Music eyes UK's Chrysalis music arm: papers
Warner Music Group is considering making a bid approach for the music publishing arm of Britain's Chrysalis, newspapers said on Sunday.
China tries again to rein in Beijing market's fakes
Beijing's Silk Alley Market, famous for knock-off designer gear from North Face jackets to Louis Vuitton bags, has been raided again after state media had heralded a clean-out of fake goods.
TRW guarantees most jobs should it buy VDO: report
U.S. car parts maker TRW plans hardly any job cuts should Germany's Siemens sell automotive electronics unit VDO to the U.S. company, a German weekly reported on Sunday.
Subprime woes hit Aussie fund, ripple effect seen
Half a world away from the U.S. subprime market's woes, Australian investors are scrambling to uncover what is happening at homegrown hedge fund Basis Capital and Asia's bankers are bracing for credit markets to dry up.
Reuters FX matching system suffers outage
The currency matching system of news and information provider Reuters Group Plc suffered a temporary outage on Monday, forcing some traders to switch to alternative venues or trade over the phone.
Apple results eyed for iPhone sales
Apple Inc. is expected to show a 35 percent surge in quarterly profit this week, but the focus will be on just two days: the last 48 hours of June when its highly anticipated iPhone went on sale.
States to help subprime owners refinance: WSJ
A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.
Prosecutors seek medical records for Nacchio's son
Federal prosecutors have asked a judge to order former Qwest Communications International Inc. Chief Executive Joseph Nacchio, who will be sentenced this week for insider trading, to give his son's psychiatric records to the government.
Harry Potter book breaks global record at Borders
The final book about boy wizard Harry Potter sold about 1.2 million copies worldwide.
Mumbai's rail lifeline a death trap for commuters
They are the arteries that keep Mumbai's economy ticking, rattling six million people a day to offices, shops and factories. But arriving safe and sound for work after a trip on Mumbai's clogged railways is no mean feat.
