Global stimulus is swelling, with China cutting interest rates ahead of disappointing factory data and the European Central Bank set to start government bond purchases just as data hints the euro zone economy may be picking up.
Regions
Reality hits North Dakota's pricey apartment market; rents drop
It is getting cheaper to rent an apartment in North Dakota's oil patch. Prices, which only last year rivaled levels in New York City and Geneva, have slipped about 15 to 20 percent in the past two months as dozens of new apartment buildings opened in Williston, Watford City and other oil hub cities.
NY Federal Reserve sets dates for March repurchase agreements
The Federal Reserve Bank of New York on Monday announced the dates of its March offerings of reverse repurchase agreements, part of the bank's preparations for managing an increase in interest rates expected later this year.
Wall St. rallies; Nasdaq hits highest level since 2000
The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot-com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy.
Euro zone Feb prices fall less than expected, unemployment down
Euro zone consumer prices fell by less than expected in February while unemployment eased in January for the third month in a row, offering signs that the risks of economic stagnation and deflation in the bloc are falling.
Latest News
German utility RWE (RWEG.DE) on Monday closed the sale of its oil and gas production unit DEA [RWEDE.UL] to Russian billionaire Mikhail Fridman, ending months of uncertainty over whether the 5.1 billion euro ($5.7 billion) deal would go ahead.
IEX Group, the start-up stock-trading venue featured in Michael Lewis' book "Flash Boys," hired a former New York Stock Exchange official as chief regulatory officer, the last piece of its senior management team as it moves to become an exchange later this year, the company said on Monday.
BlackBerry Ltd said on Monday it plans to offer a cloud-based version of its device management platform BES12, a move that will make the service more accessible to small- and medium-sized businesses that need to secure devices on their own networks.
China's slowing economy will be at the forefront as parliament convenes for its annual meeting this week, with a weekend interest rate cut a reminder of the challenge of balancing painful restructuring with combating the onset of deflation.
Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike.
Brent crude oil fell almost 2 percent toward $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifted sanctions, which could boost the country's oil exports.
Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses.
European shares clung to seven-year highs on Monday, lifted by merger activity in the telecoms sector, while Asian stocks edged up after China cut interest rates at the weekend.
Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro.
