The United States ended the month of March with a budget deficit of $53 billion, up 43 percent from the same period last year, the U.S. Treasury Department said on Monday.
Regions
China's March exports shrink 15 percent year-on-year in shock fall
China's export sales contracted 15 percent in March, a shock outcome that deepens concern about sputtering Chinese economic growth.
Global business groups urge China to suspend bank IT rules
Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have "strong concerns" about bank information technology rules and urged Beijing to formally suspend them.
IBM launches new health unit, teams up with Apple, J&J, Medtronic
International Business Machines Corp, deepening its partnership with Apple Inc to make use of health information gathered by millions of Apple devices, is creating a unit dedicated to providing data analytics to the healthcare sector.
EU governments want state aid leeway on EU investment plan
European Union rules banning state aid to businesses should not apply to guarantees issued to boost investment under the three-year EU investment scheme, some of the key contributors to the plan said on Monday.
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Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.
U.S. stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt U.S. first-quarter earnings.
Russian President Vladimir Putin on Monday paved the way for long-overdue missile system deliveries to Iran and Moscow started an oil-for-goods swap with Tehran, showing the Kremlin's determination to boost economic ties with the Islamic Republic.
The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices – it also reflects strategic choices.
Some of Australia's biggest manufacturers fear a planned $70 billion takeover of BG Group Plc (BG.L) by Royal Dutch Shell (RDSa.L) could potentially worsen what they see as a lack of competition in the country's eastern gas market.
Activist investor Jana Partners is asking Qualcomm Inc to consider spinning off its chip unit from its patent-licensing business to boost the chipmaker's sagging stock price, the Wall Street Journal reported, citing a quarterly letter that will be sent to Jana investors on Monday.
Japan's core machinery orders fell for a second straight month in February in a sign that business investment remains soft, and analysts say the smaller-than-expected decline won't necessarily allow policymakers to relax given an uncertain economic outlook.
The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher U.S. interest rates.
The Brazilian iPhone was meant to mark a new era. When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. A new supply chain would be created, generating high-quality jobs and bringing down prices of the coveted gadgets.
