ELECTIONS

Twenty years after the 1992 Earth Summit, world leaders are returning to Rio de Janeiro to negotiate further progress toward sustainable development. However, the potential for this year?s Rio+20 Summit to have a similar impact is less likely.

Greeks woke this morning to a confusing result that, while tilting ever so slightly toward the pro-bailout parties, does little to ease the threat of a devastating exit from the euro zone that still hangs over Athens.

Commodity prices posted a brief rally on Monday after a pro-austerity party got the most votes in Greece's weekend elections, but the market's upswing fizzled almost as soon as it began, confounding traders who might have expected developments to lift risky assets for at least a few of sessions.

Germany remains skeptical that anything positive will be accomplished in Greece anytime soon.

A deft political move by the ruling Supreme Council of the Armed Forces, or SCAF, led by Field Marshal Hussein Tantawi, has all but annulled the significance of the presidential elections.

The Socialists and their cohorts now control 315 seats in the 577-seat Assembly -- marking the first time in 30 years that Socialists have enjoyed such dominance in the French government.

Indian markets fell Monday after the Reserve Bank of India (RBI) announced that the key rates would remain unchanged.

Futures on the major U.S. indices point to a mixed opening Monday as concerns about the euro zone debt crisis undermined the initial optimism following the Greek elections in which pro-bailout parties won the majority.

European markets rose Monday as investor confidence was rejuvenated following the victory of the pro-austerity parties in Sunday's Greek elections.

Asian markets rose Monday as investors were relieved after the pro-bailout parties won Sunday's elections in Greece.

Crude oil futures gained Monday after pro-bailout parties won a slim majority in Greece's general election over the weekend.

Stock markets in China and Hong Kong gained Monday as sentiment was buoyed after the news that pro-bailout parties in Greece gained sufficient votes to form a government.

Japan's Nikkei 225 Stock Average rose Monday as investor concerns were eased following the Greek election in which pro-bailout parties won the majority.

As ballots cast in Egypt's presidential election continue to be counted on Sunday, Field Marshal Mohamed Hussein Tantawi, the head of the country's Supreme Council of the Armed Forces, or SCAF, has renewed the military's commitment to hand over power to a civilian authority on July 1.

Leaders of the center-right New Democracy party and the left Syriza party -- Antonis Samaras and Alexis Tsipras, respectively -- agree on one thing: The former party won, and the latter party lost Greece's snap parliamentary elections on Sunday.

Francois Hollande?s party and its allies will gain at least 312 seats in the 577-seats National Assembly.

The pro-bailout New Democracy Party and the anti-bailout far-left Syriza party are expected to finish in a dead heat.

Earlier exit polls suggested that Syriza and New Democracy (which supports bailout and austerity) are running neck and neck, with about 28 percent of the electorate each.

Papandreou believes that given enough time, the Greeks would be able to adhere to bailout terms.

The political situation in Greece is very volatile and unpredictable.

While the Socialists are guaranteed to win, there is much concern over how well the extreme right-wing, anti-immigration National Front (FN) of Marine Le Pen will do