LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the commodities trading giant to secure approval from the miner's shareholders.
ATHENS (Reuters) - Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.
Asian stock markets climbed Monday after U.S. unemployment fell to its lowest in three years, suggesting a stronger recovery in the world’s No. 1 economy.
BRUSSELS (Reuters) - The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU's statistics agency said on Monday, lower than the United States but still a burden that could take decades to pay down.
Suzuki Motor said net profit fell 4.7% in the first nine months of its fiscal year, as the strong yen and a slump in sales in its key India market squeezed the bottom line at the Japanese maker of cars and bikes.
A Glencore-Xstrata merger would create a true rival to global mining heavyweights like Vale, Rio Tinto and BHP Billiton, as well as put pressure on midsize players to either team up or grow through acquisitions.
SHANGHAI (Reuters) - The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission.
Markets in Japan and Australia rallied as exporter and resource shares got a boost from strong U.S. employment numbers, but Hong Kong stocks ended lower and mainland Chinese and South Korean stocks were little changed. Tokyo's Nikkei rose 1.1%.
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