Millions of gallons/liters of oil have spewed into the Gulf of Mexico since an April 20 explosion on a drilling rig triggered the worst spill in U.S. history.
Emails stolen from one of the world's leading climate change research centers contained no evidence to undermine the case for manmade global warming, a report found on Wednesday.
European regulators were debating how much detail to reveal about health checks of the region's banks on Wednesday, in a fight that may threaten to undermine the purpose of the exercise.
The stress tests for European banks will not include a haircut on German sovereign bonds, two banking sources in Germany told Reuters on Wednesday.
Emails stolen from one of the world's leading climate change research centers contained no evidence to undermine the case for manmade global warming, a report found on Wednesday.
U.S. online retailer Amazon.com Inc has launched an Internet grocery service in Britain, it said on Wednesday, joining a fast-growing but competitive market.
European Union bank regulators were expected to reveal on Wednesday how tough their health checks of the region's banks will be, in the hope of restoring confidence to markets worried about ballooning public debt.
Unnamed Saudi investors seek to buy a stake worth 10 to 15 percent in British oil company BP dealing with a massive U.S. oil spill, a Saudi newspaper said in an unsourced report on Wednesday.
Drilling of a relief well to halt the BP oil spill in the Gulf of Mexico is a week ahead of schedule, the U.S. official overseeing the response to the disaster said on Tuesday.
As expected, the Reserve Bank of Australia (RBA) left interest rates on hold at 4.5 per cent. In the accompanying statement, RBA governor Mr Glenn Stevens noted that whilst underlying inflation is likely to be in the upper half of the target zone over the next year, current policy settings were described as appropriate.
European bank regulators will seek to safeguard the credibility of health checks on top banks by showing how the tests are done, to allay investors' fears of political meddling.
The pace of global expansion in the private sector sagged in June to a four-month low, according to a survey on Tuesday that pointed to slowing growth in order books and employment.
British oil company BP has approached sovereign wealth funds with a view to securing a strategic investor to fend off takeover bids while it deals with its massive U.S. oil spill, a senior UAE source said on Tuesday.
BP ruled out a share issue and talk persisted of sovereign wealth fund interest in the British oil major, boosting its shares on Tuesday even as its Gulf of Mexico oil slick spread to the Texas coast.
(Corrects in fourth paragraph to say a 122 million share holding, not a value of $122 million)
China has boosted its purchases of Japanese government bonds this year, snapping up a net 541 billion yen ($6 billion) of mostly short-term JGBs in January-April, double the record amount logged for all of 2005, the Nikkei business daily reported.
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Shareholders in BP balked on Monday at reports the energy giant would seek a strategic investor to ward off takeover bids while the company's massive oil spill in the Gulf of Mexico spread.
The Australian Dollar opens lower on Tuesday at 0.8390 ahead of today's monthly board meeting of the Reserve Bank of Australia (RBA).
Shareholders in BP balked Monday at reports it would seek a strategic investor to ward off takeover bids, as the clean-up costs of its massive U.S. oil spill topped $3 billion.
Internecine civil wars are underway almost everywhere within the West, and most virulently in the United States of America. They are not yet kinetic wars, but wars of grinding prepositioning, the kind which lead to foregone conclusions without a shot being fired. They are wars of survival, nonetheless, because the basic architecture for national strength is being altered incrementally or dramatically. And, in many cases, consciously.
Germany's strong run in the World Cup may be the catalyst for a growth spurt by Europe's largest economy, as consumers riding the feelgood factor of national success dip in to their savings and start spending again.
