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AP - European Union officials are moving toward imposing significant new regulatory burdens on credit ratings agencies, saying they are too important for the stability of the world's financial markets for EU officials to ignore any longer.
Comments Off Reuters - Stocks fell on Monday, as investors worried about the outlook for companies, including General Motors and Goldman Sachs , given the global economic downturn and enthusiasm for China's deep-pocketed stimulus plan faded.
Comments Off AP - The European Union decided Monday to resume major economic and political negotiations with Moscow that were frozen after the Russian invasion of Georgia.
Comments Off Reuters - Stocks extended losses on Monday as investors doubted whether China's deep-pocketed stimulus plan would avert a global economic slump and shares of General Motors fell to 62-year lows on worries about the carmaker's dwindling cash.
Comments Off AP - World stock markets were mixed Monday as early enthusiasm over China's $586 billion economic stimulus plan dissipated amid renewed worries about the world economy after U.S. electronics retailer Circuit City Stores Inc. filed for bankruptcy protection.
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