Reuters
LONDON (Reuters) – World stocks kicked off August in a strong mood on Monday as results from BNP Paribas and HSBC boosted optimism for corporate earnings and the economic outlook for the rest of the year. Full Story »
HONG KONG (Reuters) - Shares of China's Geely Automobile Holdings (0175.HK) rose 5.6 percent to their highest level in more than two months ahead of news its parent would complete its $1.8 billion purchase of Ford Motor's Volvo unit on Monday. Full Story »
MOSCOW (Reuters) - BP's newly appointed chief executive Bob Dudley and outgoing CEO Tony Hayward will meet Russia's top energy official Igor Sechin for discussions in Moscow later this week, Sechin's spokesman said on Monday. Full Story »
Investors still trust the safety of bond funds. June was another good month for fixed income. The Investment Company Institute reported that overall, mutual funds saw net inflows, mostly into bond funds. Bond funds experienced inflows of more than $20 billion--up about $6 billion from May. Meanwhile, stock funds saw more outflows. The WSJ reports that investors haven't consistently put money into stock funds since the market hit its low in March 2009. Low-yielding money market funds also continued to see outflows, which brings their total outflows for the year to more than $500 billion. Full Story »
WASHINGTON (Reuters) - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010. Full Story »
LONDON - British bank HSBC Holdings PLC said Monday that its first-half net profit more than doubled to $6.76 billion as provisions for bad loans in the U.S. fell by nearly half. Full Story »
AP ATHENS, Greece - Greece said Friday it will use military trucks, navy vessels and commandeered fuel tankers to restore gasoline supplies cut by a strike that has hurt the country's industry and vital tourism trade at the height of vacation season. Full Story »
Reuters PHILADELPHIA (Reuters) - UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S. Full Story »
LONDON (Reuters) - HSBC's half-year profit more than doubled from a year ago to easily beat analysts' expectations as bad debts at Europe's biggest bank fell to their lowest level since the start of the financial crisis. Full Story »
AP CHICAGO - Local shops nationwide are pulling in thousands of new customers with group coupons online, but the deals can sometimes work too well, turning marketing into a game of retail roulette. Full Story »
AP LANSING, Mich. - Michigan voters frustrated over lost jobs, home foreclosures and budget deficits will vote in Tuesday's primary election for leaders they hope can move the state out of its economic morass. Full Story »
Reuters SINGAPORE - Oil prices rose above $79 a barrel in Asia on Monday as a global stock market rally gave crude traders optimism. Full Story »
AFP/Getty Images/File WASHINGTON (AFP) - The question of death and taxes has risen to the fore in Washington as the demise of prominent billionaires has underscored a fluke which allows big estates to escape taxes, but only for this year. Full Story »
AFP/File MILAN (AFP) - Fiat boss Sergio Marchionne is shaking up labour relations in Italy by strong-arming unions as he aims to create a global megagroup with US automaker Chrysler. Full Story »
A string of rockets was fired early Monday toward the Israeli resort city Eilat, and one hit in neighboring Jordan, injuring five people, officials in both countries said. Full Story »
The United Arab Emirates outlined plans Sunday to block BlackBerry e-mail, messaging and Web browsing services in a crackdown that could jeopardize efforts to establish the country as an international business hub. Full Story »
The failure of a climate bill in the U.S. Senate is likely to weigh heavily on international negotiations that begin Monday on a new agreement to control global warming. Full Story »
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