A Quick Glance at News

v The euro nudged higher against the dollar on Monday, helped by hopes that the European Central Bank will soon take action to ease the euro zone's sovereign debt crisis.

v European and U.S. stock futures declined and most Asian shares fell after Japan’s gross domestic product expanded less than estimated, underscoring concern that the global economy is slowing. Corn retreated after climbing to a record last week.

v Copper fell for a fourth session on Monday amid nagging worries about the global economy, but losses were limited by hopes that the spate of disappointing economic data around the world last week would spur governments to roll out more stimulus measures.

v Brent crude rose above $114 per barrel to a more than three-month high on Monday on renewed fears of supply disruption as Israel's latest comments on stopping Iran from proceeding with a disputed nuclear programme stoked tension in the region.

v Japan's Nikkei share average barely moved on Monday as investors shrugged off data showing lower-than-expected gross domestic product growth but held off from selling on hopes of stimulus measures to boost the economy.

v Gold edged up on Monday, extending its winning streak into a seventh session as dimming prospects for global growth support expectations of more stimulus measures from central banks around the world. Further monetary easing would likely boost inflation, riving investors to gold as it is seen as a good hedge against rising prices.

v BlackBerry maker Research In Motion is looking to sell cloud services provider NewBay and some of the other minor assets it recently acquired, as part of a strategic review process, according to a source familiar with the matter.

v Standard Chartered Plc and New York state regulators have discussed a settlement amount to resolve an inquiry into whether the British bank's records improperly hid transactions tied to Iran even as the bank prepares for a hearing to defend its New York license, according to sources familiar with the situation.

v Google Inc. (GOOG) plans to cut about 4,000 jobs at its Motorola Mobility Holdings Inc. unit, or about 20 percent of the staff at the company it bought earlier this year, according to a person familiar with the matter.

v Face book Inc. (FB)’s stock plunge has robbed Goldman Sachs Group Inc. and Microsoft Corp. (MSFT) of much of the potential gain they could unlock as soon as this week, when a ban on sales of insiders’ shares begins to lift.