Reuters
LONDON (Reuters) – World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe. Full Story »
FRANKFURT (Reuters) - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules. Full Story »
WASHINGTON (Reuters) - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said. Full Story »
A look at economic developments and activity in major stock markets around the world Friday: Full Story »
Reuters WASHINGTON (Reuters) - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment. Full Story »
AP HADDONFIELD, N.J. - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb. Full Story »
BRUSSELS (Reuters) - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises. Full Story »
AFP/File RIO DE JANEIRO (AFP) - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century. Full Story »
AFP/File BRUSSELS (AFP) - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday. Full Story »
CARACAS (Reuters) - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. Full Story »
MILWAUKEE - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined. Full Story »
AFP/File LONDON (Reuters) - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand. Full Story »
Leading voices in both parties sparred Sunday over the state of the economy and the role that Bush tax cuts should play in the recovery. Full Story »
AFP/Getty Images/File NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said. Full Story »
A Taliban suicide bomber detonated a car in an alley behind a police station in a strategically important town in northwestern Pakistan on Monday, killing at least 17 police and civilians in an explosion that shattered the station and neighboring homes. Full Story »
East Asia is the world's electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple's iPhone. Full Story »
A Japanese researcher who found a way to give adults cells certain characteristics of embryonic stem cells, a process scientists say could eventually lead to cures for spinal cord injuries and other ailments, has been awarded the Balzan Prize for biology. Full Story »
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