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Asia shares rise on Apple earnings and China

Asian stocks rose on Wednesday as investors cheered Apple's strong earnings and on optimism that China may roll back policy tightening measures later this year, while the euro firmed ahead of euro zone's bank stress test results late in the week.

BP CEO reported to leave soon

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BP Chief Executive Tony Hayward will step down within the next 10 weeks, the Times newspaper reported, as the company battles to remain independent after the worst oil spill in U.S. history.
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Daily Forex Commentary 21/7/2010

The Aussie sprung to life either side of the Reserve Bank release of the July board meeting minutes moving to an intraday high of 0.8745 before slipping back towards US87 cents.
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Starz, Penguin launch TV-book tie-up on iPad

Penguin launched on Tuesday the first electronic book with a video tie-in, as the embattled book publishing industry bets on multimedia ebooks to revive flagging growth and boost readership.
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Goldman Sachs reports lower earnings

Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission fraud charges and the UK tax on bank executive bonuses.
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Goldman Sachs posts lower earnings on SEC pact cost

Goldman Sachs Group Inc said quarterly earnings tumbled 82 percent, coming in well short of expectations, as trading and underwriting revenue slumped, raising questions about how well Wall Street's preeminent bank can navigate a shifting industry landscape.
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Goldman Sachs earnings slide on SEC pact cost

Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission fraud charges and the UK tax on bank executive bonuses.
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Focus turns military at Farnborough Airshow

The aviation industry's largest airshow was shifting its focus to military firepower on Tuesday against a backdrop of tighter budgets, while commercial air carriers were still buying planes in bulk.
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Investors rush to regain emerging market exposure-EPFR

Emerging markets were in high demand in mid July, with bond fund inflows at a record, as investors chose dynamic developing economies over lagging advanced markets, EPFR Global said on Tuesday. Emerging market equity funds tracked by EPFR posted combined inflows of more than $3 billion for the week ended July 14, while emerging market bond funds took in $745 million, bringing their year-to-date inflows to an all-time high of $18.5 billion.
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China downcast on exports as EU debt woes bite

China sounded a gloomy note on Tuesday about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods.
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Nuance plans voice-activated iPhone apps for UK

Speech-recognition software maker Nuance is launching software apps for the Apple iPhone in Britain as the company grows more confident that its voice-to-text technology is ready for global markets.
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Onex, CPPIB eye $4.5 billion bid for Britain's Tomkins

Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more North American investors to snap up assets.
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Tomkins gets $4.5 billion bid approach

Car parts maker Tomkins Plc received a $4.5 billion bid approach from a Canadian consortium, the latest example of North American buyers eager to capitalize on sterling weakness to snap up British assets.
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Airbus and Boeing to bare teeth at Farnborough

The global aviation industry descended en masse on this sleepy southern England town on Monday for its largest airshow, with Middle Eastern buyers poised to make another massive splash.
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Commodity Trends: No ban on cardamom futures

With open interest in cardamom futures surging, rumors of a ban on the contract also started circulating until Forward Markets Commission clarified that there would be no ban on cardamom futures.
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Daily Forex Commentary 19/7/2010

The Aussie dollar held onto support around 0.8750 in early offshore trade rallying back above the 88 cent handle on the back of gains in EUR/USD.
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Dreamliner makes first overseas landing

Boeing Co's new 787 Dreamliner touched down in Britain on Sunday on its first trip outside the United States, thrilling hordes of eager planespotters who came out to see the breakthrough carbon-composite plane.
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BP canvassing investors on possible break up: report

Under-fire oil company BP Plc has started canvassing shareholders about a restructuring in the wake of its Gulf of Mexico oil spill which could include a break up of the business, the Sunday Times newspaper reported.

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