UNITED KINGDOM

Oil giant BP said it would cut three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.

Oil giant BP said it would cut three quarters of dividends, significantly reduce its investment program and sell $10 billion of assets to fund a planned $20 billion fund to pay for its Gulf of Mexico oil spill.

Corrects to say three, not four quarters of dividends cut, in first paragraph

Smokers often say they need a cigarette to calm their nerves, but a new study suggests that after a person kicks the habit, chronic stress levels may go down.

Opel turned its back on state assistance for its restructuring drive on Wednesday, abandoning months of talks with European governments and leaving parent General Motors to fund the program.

Stock index futures fell on Wednesday, a day after Wall Street jumped more than 2 percent, on new concerns about Spain's fiscal problems, while investors awaited data on producer prices and housing.

The Australian Dollar has continued to push higher overnight following a positive lead from equity markets.

The Australian Dollar opens sharply higher against the greenback on Wednesday at 0.8650.

Top arms groups are on high alert to counter cyber spies from stealing their own secrets at a major arms bazaar outside Paris, even as they market new ways to clients on how to repel hackers in the digital battlespace.

Perhaps it was only a matter of time until the vuvuzela became a runaway hit on the iPhone.

Rupert Murdoch's News Corp is proposing to pay $12 billion to take full control of British satellite broadcaster BSkyB as it seeks to generate steadier earnings and make better use of its cash pile.

The sound of vuvuzela trumpets in World Cup broadcasts may be silenced by the BBC following hundreds of complaints but the incessant drone has become a runaway hit with iPhone users.

Foreign investors reduced purchases of long-term U.S. securities in April but remained net buyers, while China raised its U.S. Treasury holdings for a second straight month, the Treasury Department said Tuesday.

Rupert Murdoch's News Corp is proposing to pay $12 billion to take control of British satellite broadcaster BSkyB as it seeks to generate steadier earnings and make better use of its cash pile.

Asia's stock market rally paused on Tuesday and the euro sputtered after five days of gains as it struggled to break through a resistance after a downgrade of Greece's credit rating reminded investors that Europe's debt crisis was not over.

Top competitors are expected to distance themselves from BP Plc on Tuesday as normally clubby oil industry executives gather for a Capitol Hill grilling on the worst oil spill in U.S. history.

Spain said on Monday that foreign banks were refusing to lend to some of its banks in the latest twist to the euro zone debt crisis, but denied it was on the brink of seeking a Greek-style European financial rescue.

Britain's newly created budget watchdog downgraded economic growth forecasts on Monday but did not radically alter the scale of austerity measures required from the country's coalition government.

Stocks were set to open higher on Monday, building on last week's gains and tracking a rise in global equities, after strong euro zone industrial data reassured investors the global economic rebound is on track.

Good morning dear traders, welcome in a new trading week. There was not much action last Friday in EURUSD. In comparison to EURUSD the Cable had a real moving down after bad news of UK.

European Union leaders will make a new attempt this week to convince financial markets they can contain a debt crisis by agreeing how to tighten economic policy coordination and strengthen budget discipline.