INVESTMENT

South Korea's sovereign wealth fund said it had reinvested $78 million, around half the dividend it received from its $2 billion investment in Bank of America , back in the U.S. bank's shares this year.

Chinese Vice Premier Wang Qishan reaffirmed Beijing was sticking to a prudent monetary policy in remarks published on Monday, and stressed the need for banks to increase support for small firms and the agricultural sector.

Vice President Joe Biden said on Monday China's leaders did not seek reassurances about the weak U.S. economy, and he called Xi Jinping -- the man expected to take over as China's next president -- pragmatic and strong.

China's crude imports from Russia in July plunged 45 percent from a year earlier to 615,193 tonnes, or 144,870 barrels per day (bpd), the lowest level in several years, customs data showed on Monday.

China has agreed to lend $195 million to Cambodia so it can buy Chinese military helicopters, the latest deal in a flurry of trade and investment between the two countries.

China's top online portal Sina Corp has invested between $30-$40 million in Chinese online video site Tudou Holdings , a source familiar with the matter told Reuters on Monday.

The price of gold ripped past $1,900 per ounce Monday, boosted by fears of enough wealth-destroying developments to erase any doubts that the world's oldest safe-haven investment is still the world's No. 1 safe-haven investment.

Pimco's Bill Gross says a new recession in the U.S. is likely. Gross is manager of the world's largest bond fund. He says the decline in U.S. Treasury yields to 60-year lows reflects a high probability of a new recession, or a double-dip, in America.

Spend now and hire, if needed, adjust entitlement formulas later: that's what PIMCO's Bill Gross, the head of the world's largest bond fund, is recommending to get the U.S. economy moving again.

Economist Kevin Depew lists five important things to look for leading up to this week’s Fed conference.

The unemployment rate rose in more than half of the nation's states in July, as the slowdown in economic growth prompted companies to take a wait-and-see stance regarding new hires. The major period of lay-offs appears to be over, but the hiring has not resumed en masse, which has kept the nation's unemployment rate stubbornly high at 9.1 percent,

Stock markets surged Monday as investors awaited a Federal Reserve meeting, which will take place later this week, when a new stimulus plan may be announced. The gains were also enabled by gains in European markets.

Republicans still hoping that another candidate will jump into the presidential race and give the party a better chance of defeating President Barack Obama in 2012 may need to get over it.

Silver is set to sling-shot higher as it plays catchup to gold, creating big opportunities for investors, according to silver bulls.

South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.

Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.

The price of gold shot up to a record high Monday as traders abandoned other safe haven investments -- the ones governments can control -- for the world's oldest and most independent form of wealth.

U.S. Vice President Joe Biden on Sunday rejected views that American power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies.

To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.

Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.

Billionaire Edgar Bronfman Jr is stepping down as chief executive of Warner Music Group Corp, the world's third-largest music company, just two months after the company was bought by Len Blavatnik's Access Industries.