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World stocks advance on strong data, earnings

LONDON - Global stocks climbed on Monday, with strong U.S. data and encouraging third-quarter earnings easing concerns about the pace of global economic recovery and raising appetite for riskier assets.

Recent Business News

Credibility meets compromise in Europe's bank stress test

LONDON - When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.

7:12am EDT

Yahoo set to outline cost-cutting efforts: WSJ

- Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan.

4:02am EDT

StanChart readies to close thousands of UAE accounts as U.S. deadline looms

- Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

2:17am EDT

Japan firms want government action if yen weakens: Reuters poll

TOKYO - Nearly half of Japanese firms think the government should start defending the yen at this month's dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy.

1:19am EDT

Pilots extend Lufthansa strikes to long-haul flights

FRANKFURT - German pilots union VC on Monday widened its strike at Lufthansa to include long-haul flights on Tuesday, having previously targeted only the carrier's short and medium-haul routes on Monday and Tuesday.

3:54am EDT

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Sector Summary

Should bankers get bigger bonuses?

Morgan Stanley reported strong third-quarter earnings today, up 12 percent to $8.91 billion in quarterly revenue, while rival Goldman Sachs yesterday reported an increase of 25 percent to $8.39 billion.