A file picture shows the South African twenty rand note.

file / REUTERS

S.Africa's rand surges but rally seen shortlived

South Africa's rand gained as much as 2.3 percent against the dollar on Monday in what traders said was a temporary correction after last week's battering to 30-month lows.

Sarkozy and Cameron Clash Over Eurozone Bank Rescue Summit

There are 27 nations in the European Union (EU), but only 17 members in the Eurozone – Britain is not in the currency bloc.

European shares end up 1.1 pct , on Chinese manufacturing data

European shares rose1.1 pct closing at 989.10 points , after news of expansion of Chinese manufacturing sector in October.

Brent, U.S. Oil up on China PMI Data, EU Optimism

Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested China's economy may not be in as much danger as fear...

(L to R) European Commission President Jose Manuel Barroso (L), Germany's Chancellor Angela Merkel (C) and European Central Bank President Jean-Claude Trichet (R)

Euro Crisis 2011: ‘Climbing the Wall of Worry’

The latest on the euro crisis of 2011 is that Eurozone leaders are “nearing agreement” on bank recapitalization and leveraging the bailout fund EFSF, reported Reuters.

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Gold Prices

Gold Prices Surge on Fresh Hope for Eurozone

02:52 AM ET

Gold prices surged Monday as German and French leaders worked on emergency plan to save the Eurozone within weeks rather than months and strong U.S. retail buying bolstered equities.

Stocks

Traders work on the floor of the New York Stock Exchange.

Stock Futures Signal Sharp Gains for Equities

02:28 AM ET

Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.

U.S. Stocks

U.S. Stock Futures Point to Big Gains

02:27 AM ET

Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.

Technology

Would 2011 be Year of Come-Back for AOL?

01:39 AM ET

Internet company AOL, Inc. (AOL) reported better-than-expected fourth quarter results on the top-line, with in-line earnings. Management believes that 2011 is the come back year for AOL. Jefferies & Co.

Forex