China's international payments system ready, could launch by end-2015 - sources

China's long-awaited international payment system to process cross-border yuan transactions is ready, and may be launched as early as September or October, three sources with direct knowledge of the matter told Reuters.


Brazil's Rousseff says austerity drive to last as long as needed

President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at the end of this year.

Concordia Healthcare to buy some assets of Covis Pharma for $1.2 billion

Concordia Healthcare Corp (CXR.TO), which makes drugs for rare diseases and devices for diabetic patients, said it would buy some assets of privately held Covis Pharma Holdings SARL for $1.2 billion in cash.

Alcoa to buy titanium supplier RTI as aerospace focus continues

Metals company Alcoa Inc (AA.N) on Monday it would acquire titanium supplier RTI International Metals Inc (RTI.N) as it continues to invest in more profitable products for the aerospace and automotive industries.


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McDonald's Corp's decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies.
Brent crude oil fell toward $59 a barrel on Monday as the dollar strengthened and a supply glut pushed global oil inventories to record highs.
Stocks fell and the dollar held firm on Monday in the wake of forecast-beating U.S. jobs numbers that stoked expectations the Federal Reserve could raise interest rates sooner than previously thought.
General Motors Co. said Monday it would launch a new, $5 billion share buyback, and put forward a more detailed plan for capital allocation that promises investors the potential for further cash returns.
Apple CEO Tim Cook summed up the problem during a conversation with sales staff at a London Apple Store: "We've never sold anything as a company that people could try on before."
The Swiss National Bank, battling a rise in the country's currency, could push interest rates further into negative territory if the franc moves in the "wrong direction", a Swiss newspaper reported on Sunday, citing sources close to the bank.
A rare five-dollar gold piece and a prized silver dollar each could fetch $10 million or more in upcoming auctions, making the American rare coin market as attractive, though not nearly as glamorous, as fine art.
Saudi Arabia overtook India to become the world's biggest weapons importer in 2014, a year when global defense trade rose for the sixth straight year to a record $64.4 billion, research company IHS said on Sunday.
Greece's euro zone membership is a given and does form part of negotiations with the country's lenders, the finance ministry said on Sunday.
Potential Republican presidential candidates Jeb Bush and Scott Walker told Iowa voters on Saturday that they supported government policies to boost ethanol use, a change in position that could help their prospects in the corn-growing state.