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BEIJING: President Hu Jintao hailed the southern export hub of Shenzhen as a "miracle" on Monday as China marked 30 years of reforms in the city that provided the blueprint for the country's economic rebirth.

KABUL : Afghanistan's central bank said Monday it was willing to offer loans to bail out troubled Kabul Bank as nervous depositors continued taking out their savings.

KUALA LUMPUR: Malaysia's car distributor Naza said on Monday it plans to tie up with US giant General Motors to assemble Chevrolet cars in Malaysia, and could export the vehicles to other Southeast Asian markets.

SYDNEY (Reuters) - Australia's top investment bank Macquarie Group Ltd warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low.

LONDON (Reuters) - Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back into recession could be avoided.

FRANKFURT (Reuters) - Top executives from some of the world's leading banks are due to gather for a conference in Frankfurt later this week as lenders seek to avoid what they see as overly harsh regulation following the global financial crisis.

WASHINGTON (Reuters) - Tropical storm Hermine has formed in the Gulf of Mexico and warnings have been issued from Tampico, Mexico to the mouth of the Rio Grande River and Baffin Bay, Texas, the National Hurricane Center in Miami said on Monday.

LAKKI MARWAT, Pakistan (Reuters) - A suicide bomber rammed his car into a police station in northwest Pakistan on Monday killing at least 19 people, police said, in a new wave of attacks by al Qaeda- and Taliban-linked militants.

TOKYO (Reuters) - Japan needs fiscal reform targets to tackle its massive debt but existing goals heavily influenced by bureaucrats should be reviewed, said an aide to the ruling party powerbroker challenging Prime Minister Naoto Kan.