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Billionaire investor Warren Buffett and the CEO of credit rating agency Moody's Corp. are scheduled to face questions Wednesday from a bipartisan panel probing the roots the financial crisis.
The Australian government and miners talked on Wednesday of a possible compromise deal over Canberra's planned mining tax, with both sides looking to tone down a row that has hurt local markets and unnerved investors.
Manufacturing growth slowed across the globe in May but there was some relief in the United States where there was scant evidence of any impending slump caused by Europe's debt crisis.
Europe's banks will have to write off 195 billion euros ($237 billion) of bad debts by 2011 and their ability to sell bonds may be curtailed as governments finance fiscal deficits, the European Central Bank (ECB) said.
Australia's central bank left its benchmark interest rate unchanged and signaled it may keep borrowing costs steady in coming months as it assesses the impact of the most aggressive rate increases in the Group of 20.
Dubai Holding's main unit posted a $6.2 billion loss for 2009 and said it may resort to asset sales, sending shares in Dubai sharply lower, in the latest setback to the emirate's troubled finances.
Australian consumers have been showing some resilience to rising interest rates, forking out over A$20.1 billion ($16.85 billion) at the shops in April, new data showed on Tuesday.
The Brazilian subsidiary of General Motors Co plans to spend $386 million to develop and produce a new model of Chevrolet.
European Union regulators said Tuesday they will closely investigate Unilever's 1.28 billion euro bid for Sara Lee Corp's personal care business because they think the deal could give the new company too much power in some markets.
India's economic growth accelerated, adding pressure on the central bank to raise interest rates even as Europe's sovereign-debt crunch threatens the global recovery.
A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.
| Name | Value | Change | Time |
| Shanghai | 2,996.21 | +1.83% | Mon |
| Shenzhen | 13,140.88 | +1.92% | Mon |
| HSI | 23,313.19 | -0.41% | Mon |
| NIKKEI | 10,505.02 | -1.76% | Mon |
| Dow | 12,090.03 | -0.66% | Mon |
| Nasdaq | 2,745.63 | -1.40% | Mon |