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IMF's Lipsky says moderate world recovery underway (Reuters)

John Lipsky, the International Monetary Fund

Reuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.

Stocks rally as jobs data spurs optimism (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermid

Reuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.

Venezuela OKs payment for French retailer Casino (Reuters)

Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

Taxpayers likely to face initial loss on GM IPO: sources (Reuters)

FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of

Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

China tells state companies to explore Potash bid (Reuters)

Potash Corp mill general superintendent Trevor Berg holds a handful of chicklet potash inside the Cory mine facilities near Saskatoon August 19, 2010. REUTERS/David Stobbe

Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.

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