- World stocks hit by Greek debt, India rate hike
(AP)
AP – World stock markets retreated Monday following Wall Street’s sell-off on Friday and amid ongoing concerns about Greece’s debt crisis ahead of a key meeting of EU leaders later this week.
- House sends health care overhaul bill to Obama
(AP)
AP – A transformative health care bill is headed to President Barack Obama for his signature as Congress takes the final steps in Democrats’ improbable and history-making push for near-universal medical coverage.
- Envoy says Rio Tinto exec admits to some charges
(AP)
AP – An executive of mining giant Rio Tinto has “acknowledged the truth” to some bribery charges he faces in a Shanghai court, an Australian diplomat said Monday, in a case that has strained relations between the two countries.
- More foreign firms feel unwelcome in China
(AP)
AP – A growing number of foreign businesses in China feel shut out under new government policies promoting homegrown technology, according a survey released Monday.
- Credit Suisse restricts bankers’ travel to Germany
(Reuters)
Reuters – Credit Suisse said it is restricting bankers’ travel to Germany after authorities there said they had launched 1,100 tax evasion probes against the bank’s clients and were investigating staff on suspicion of aiding evasion.
- British Airways strike enters 3rd day
(AP)
AP – British Airways and the union representing its cabin crew are no closer to resolving a dispute over pay and conditions as a strike enters its third — and busiest — day.
- FTSE 100 shares rise
(AFP)
AFP – FTSE 100 shares were upbeat at the end of trade on Friday boosted by state-rescued bank Lloyds’ forecast of a return to profit in 2010 after two years of losses.
- Bernanke: Keep Fed as watchdog of small US banks
(AP)
AP – Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.
- Ex-CSK Auto president dies while facing indictment
(AP)
AP – The death of a former top executive at CSK Auto Corp. means federal prosecutors won’t be able to prove criminal charges that he manipulated earnings reports at the auto parts supplier.
- Barroso challenges Merkel on Greek aid
(Reuters)
Reuters – The president of the European Commission challenged German Chancellor Angela Merkel to rise above domestic politics and agree on a financial safety net for debt-stricken Greece to help preserve European monetary union.
