Gold slipped, extending the biggest weekly loss since April, as prospects for the first U.S. interest rate increase since 2006 helped to push the dollar to a one-month high.
BEIJING - China announced today it will cut import taxes on clothing, cosmetics and some other goods by half in a new tactic to spur consumer spending and economic growth.
European stocks fell in early trading after a Greek minister said that Athens would struggle to meet its upcoming debt payments. Interior Minister Nikos Voutsis made his comments during a weekend TV programme.
The Vatican bank said Monday its profit soared by more than 20 times last year as it recovered from a trading loss and continued its reform process away from its scandal-marred past.
LAGOS May 25 (Reuters) - Severe fuel shortages in Nigeria hit the services of Africa's largest mobile telecoms operator, MTN, on Monday and forced Guaranty Trust Bank to close its branches nationwide at lunchtime, the companies said.