Rising expectations that Greece will have to restructure its mountain of debt, possibly as early as the summer, sent the euro and the bonds of weak euro zone members tumbling on Monday in a dramatic escalation of the bloc's debt crisis.
Standard & Poor's on Monday downgraded its credit outlook for the United States, citing a risk that policymakers may not reach agreement on a plan to slash the huge federal budget deficit.
Trade volume between South Korea and Japan hit a record high in March despite the devastating earthquake that struck the northeastern region of the island nation, a government report said on Monday.
The weekly average oil price of the Organization of Petroleum Exporting Countries (OPEC) reached $118.06 per barrel last week, reaching a record high since the last week of July 2008, the Vienna-based cartel said Monday.
German government sources said on Monday Greece will likely restructure its sovereign debt before the end of summer, putting a time frame to recent speculation that sent the euro to its lowest in two weeks.
General Motors Co said Monday it plans to double the number of cars it sells in China to 5 million by 2015.
Europe's debt crisis returned to haunt markets Monday as investors fretted over a possible Greek default and the impact of huge gains for a nationalist party in Finland.
Billionaire Richard Branson's next cutting-edge risk will expose him like never before: he'll have his legs shaved by a potential stranger who'll pay at least $650,000 for the honor.
Suzlon, the world's fourth largest wind turbine maker, has determined to stay and increase investment in the Chinese market, according to a statement published Monday in the Economic Information Daily newspaper in Beijing.
China's yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund's currency basket, the deputy governor of China's central bank said on Sunday.
Toyota Motor Corp says it has resumed production at all of its plants in Japan for the first time since last month's massive earthquake and tsunami.
Finnish voters threw sand in the gears of European Union plans to bail out Portugal by thrusting the anti-euro True Finns party into a crucial role in parliament and possibly into government.
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