Mon 14 May 2012 | 14:46 EDT
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JPMorgan CIO Drew retires after giant trading loss 1:39pm EDT

LONDON/NEW YORK (Reuters) - The leader of JPMorgan Chase & Co's hedging unit is retiring, the bank said Monday, marking the first casualty from stunning trading losses that experts say could reach more than $3 billion.  Full Article

 
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Greece hits political stalemate, euro exit fears grow 1:51pm EDT 

ATHENS (Reuters) - Greek political leaders stuck to entrenched positions before another round of coalition talks on Monday, dashing hopes of a last-minute compromise to avoid a new election that risks pushing the country closer to financial default.  Full Article  

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Fear of Greece euro exit sparks world stocks sell-off 2:38pm EDT 

NEW YORK (Reuters) - Global stocks slid on Monday on worries Greece could leave the euro zone, while oil prices fell after a move by economic powerhouse China to prop up lending sparked fears its economy was weaker than has been thought.  Full Article  

Canadian inflation likely to stay muted in April 1:18pm EDT 

OTTAWA (Reuters) - Canadian consumer prices likely remained subdued in April, leaving the annual inflation rate unchanged from March when it dropped to an 18-month low of 1.9 percent, and suggesting price pressures are the least of the Bank of Canada's worries.  Full Article