AFP - Leading shares closed higher on Monday, as the anticipation of a bounce on Wall Street turned the FTSE 100 around, with Shire a top blue chip riser following a Goldman Sachs upgrade.

Reuters - U.S. Treasury Secretary Henry Paulson on Monday urged oil-producing nations to boost their output and warned that soaring energy costs threatened to prolong a U.S. economic slowdown.

Reuters - British gas producer BG Group launched a hostile $13.1 billion bid for Australia's Origin Energy, as it seeks to boost its position in Asia-Pacific's fast-growing gas market.

Reuters - Miner BHP Billiton may be forced to scrap its plan to rewrite the way billions of dollars of iron ore are sold every year after rival Rio Tinto struck a benchmark deal with China, analysts said on Tuesday.

Reuters - A South Korean high court on Tuesday cleared U.S. private equity house Lone Star of manipulating the stock price of a former credit card unit of Korea Exchange Bank (004940.KS), rejecting an earlier ruling.

AFP - China's securities regulator has said it will do whatever is necessary to ensure the country's stock market stability and healthy development after recent jitters.

AP - Like a lot of people, Nate Towne is cutting back on spending. He's carpooling to work and only shops at grocery stores that take coupons or offer discount "rewards" cards.

Reuters - Citigroup Inc plans to cut thousands of trading and investment banking jobs this week, part of previously reported plans to slash about 10 percent of its investment bank division, a person familiar with the situation said on Monday.

Reuters - Fertilizer producer and oilseed processor Bunge Ltd said on Monday that it would buy Corn Products International Inc for $4.4 billion to gain a leading position in finished corn products such as starches and sweeteners.

Reuters - Shares of General Motors Corp tumbled on Monday to their lowest level in 33 years while rival Ford Motor Co fell to a three-month low on concerns about weak U.S. auto demand in June and the rest of the year.

Reuters - The Dow industrials and the S&P 500 edged up on Monday as higher oil prices lifted energy shares, but financial companies' outlook kept investors cautious and overshadowed news of a $4.4 billion takeover in the agricultural sector.

AP - Investors hope to gain some clarity on the future of consumer electronics retailer Circuit City Stores Inc. at its annual shareholder meeting Tuesday.

Reuters - The Toronto Stock Exchange's main index fell more than 200 points on Friday as financial issues were hurt by inflation fears and worries over more U.S. mortgage-related problems, while consumer stocks also fell.