David Beckham’s loan moves from the Los Angeles Galaxy to AC Milan were solely to ensure he played for England at his fourth World Cup. An Achilles’ tendon injury Sunday while playing for the Italian club means it is almost certain his international career is…

David Beckham – Los Angeles Galaxy – AC Milan – World Cup – Italy

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Beckham move to Milan turned out in vain

Noble Group Ltd., the commodity supplier backed by China Investment Corp., wants to buy and build coal mines, ports and plantations to benefit from rising Asian demand, Chief Executive Officer Ricardo Leiman said.

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Noble Seeks to Add Coal Mines, Ports to Fuel Growth (Update1)

China’s stocks fell, driving the benchmark index to a five-week low as banks and commodity producers retreated on concern the government will increase steps to cool economic growth and contain inflation.

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China’s Stocks Decline to Five-Week Low on Tightening Concern

NEW YORK (Reuters) – American International Group Inc is holding back $21 million from retention bonuses due by Monday to current and former employees of its Financial Products unit, a source familiar with the matter said.

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AIG holds back $21 million from FP unit payout: source

LONDON (Reuters) – Asset manager Neuberger Berman, which once belonged to failed investment bank Lehman Brothers, plans a London listing for its first fund dedicated to distressed debt, according to the Financial Times.

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Asset manager plans London listing of distressed debt fund

Asian currencies fell the most in a month after Chinese Premier Wen Jiabao rebuffed calls for a stronger yuan, damping expectations that the region’s central banks will allow further appreciation.

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Asian Currencies Weaken as Wen Rebuffs Calls for Stronger Yuan

Asian stocks fell for the first time in three days on concern China will boost steps to cool growth as inflation accelerates, threatening a global economic recovery.

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Asian Stocks Drop for First Time in Three Days on China Concern

Cnooc Ltd., China’s biggest offshore oil explorer, said its proposed acquisition of a 50 percent stake in Argentine producer Bridas Corp. for $3.1 billion will accelerate the company’s overseas expansion.

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Cnooc Says $3.1 Billion Bridas Deal to Boost Global Expansion

Tests by Toyota Motor Corp. and U.S. regulators on a Prius hybrid whose driver said it sped out of control couldn’t replicate his account, according to a report prepared for U.S. lawmakers.

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Toyota, U.S. Can’t Replicate Prius Acceleration (Update2)

The power cut that struck Chile today affected about 80 percent of the population in a 2,000- kilometer stretch of the territory, the National Emergency Office today.

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Power Returns to Most Areas in Chile Hit by Cuts, Office Says

CANBERRA (Reuters) – Australia on Monday told Beijing to stay out of sensitive iron price talks between Chinese steelmakers and Australian miners amid a report Premier Wen Jiabao had been asked to personally intervene.

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Australia tells Beijing to stay out of iron ore talks

Money market interest rates at five-month highs show the Federal Reserve is laying the groundwork to siphon a record $1 trillion in excess cash from the banking system and sending a bearish signal on Treasuries.

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Money Rates Rising Hint Treasury Losses Amid Fed Exit (Update1)

Purdue got the highest seed of the three Indiana teams that got NCAA tournament bids and a chance to play in the Final Four in Indianapolis. The Boilermakers were also the most disappointed after getting the No. 4 seed, lowered because do-everything forward…

Indianapolis – NCAA Men’s Division I Basketball Championship – Purdue Boilermakers – Indiana – College basketball

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Purdue gets No. 4 seed, Butler No. 5, NDame No. 6

Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate, risking a further downturn in relations with the U.S. where lawmakers and economists say his stance is hampering a global recovery.

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China’s Wen Rebuffs U.S. Calls for Stronger Currency (Update1)

CANBERRA (Reuters) – Australian Trade Minister Simon Crean on Monday welcomed a report that China had cleared Rio Tinto and the Australian government of blame for the collapse of a $19.5 billion tie-up between Chinalco.

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Australia welcomes China report on failed Chinalco bid