Hong Kong and China are studying the possibility of jointly developing new financial products, Norman Chan, chief executive of the Hong Kong Monetary Authority, told reporters in Shanghai Monday after meeting with banking and financial officials in the city.

Ailing Japan Airlines has proposed a revised pension plan that would see an average cut in benefits of more than 40 percent, the company said Monday.

German drugmaker Merck KGaA said Monday the company plans to invest euro150 million (US$225 million) in a global research and development center in Beijing for its Serono drugs division.

The most accurate dollar forecasters predict the world's reserve currency will continue sliding even when the Federal Reserve begins to raise interest rates, which policy makers say is an “extended period” away.

The U.S. economy will start adding jobs some time in the first quarter of 2010, ending a so-called “jobless” recovery that has plagued the world's largest economy since the summer months, according to a survey released Monday.

Sales of existing U.S. homes probably increased in October to the highest level in more than two years, spurred in part by a tax credit that lured first-time buyers, economists said before a report Monday.

For the first time in a decade, more Americans paid their credit card bills on time in the third quarter this year than in the second quarter.

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Prime Minister Gordon Brown, aware his chances of re-election may hinge on Britain's economy emerging from recession, will call on European leaders on Monday to launch a drive for economic growth.

Microsoft Corp. held talks with News Corp. about paying the Wall Street Journal publisher to remove reports from Google Inc.'s search engine, the Financial Times reported, citing a person familiar with the matter.