UNITED KINGDOM

Leaders play down austerity split on eve of G20

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The world's richest economies, saddled with huge debts after spending their way out of the credit crisis, papered over differences on Friday on how to clean up their finances with minimal damage to growth.

British PM fears BP's destruction

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President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
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Obama, Cameron expected to talk BP spill

U.S. President Barack Obama and British Prime Minister David Cameron were expected to discuss London-based BP Plc and the Gulf of Mexico oil spill on Saturday as stormy weather raised fears that clean-up operations could be disrupted.
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Europe drags global takeovers to six-year slump

Global merger and acquisition activity in 2010 is off to its worst start in six years, and with economic uncertainty and a sovereign debt crisis in Europe, the second half could be just as disappointing.
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Palladium may be in short supply in 2010

Increased demand from investors and steady depletion of Russian state stockpiles are likely to bring the palladium market into balance in 2010. According to UK investment bank Barclays, despite an expected increase in supply, strong growth in investment demand, coupled with the possible exhaustion of Russian state supplies has the potential to balance the market in 2010, and even drive it into deficit.
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Daily forex forecast 25/6/2010

With a distinct lack of any local economic data the Aussie dollar traded within a narrow band bouncing between 0.8670 and 0.8770 over the last 24 hours.
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U.S. keeps G20 focus on growth but Europe resists

The United States said on Thursday world leaders must work to keep economic growth on track but Europe dug in its heels ahead of a G20 summit, insisting that now was the time to work on cutting costs.
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Britain's regulator to probe net neutrality

Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favoring others, regulator Ofcom said.
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Supreme Court sets aside convictions of Skilling, Black

The Supreme Court on Thursday set aside some convictions of former Enron Corp Chief Executive Jeffrey Skilling and former media baron Conrad Black, a setback for the U.S. Justice Department in some of its biggest corporate fraud prosecutions of the last decade.
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Ex-media baron Black's fraud conviction set aside

The U.S. Supreme Court set aside on Thursday the convictions of former media baron Conrad Black and two ex-colleagues for defrauding shareholders of one-time newspaper publishing giant Hollinger International Inc.
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Stock futures dip on Fed comments

Stock index futures slipped on Thursday as the Federal Reserve underscored worries the recovery was not as robust as hoped and ahead of weekly initial jobless claims data.
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Dollar pares losses; Fed outlook dents risk

The dollar pared losses and the yen rose on Thursday, as the Federal Reserve's less optimistic outlook for growth dented risk sentiment, while the euro was hampered by Greek debt markets.
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Sleep-deprived Apple fans brave rain for iPhone 4

Hundreds of fans flocked to stores in Tokyo to be the first buyers of Apple's iPhone 4 and some lined up in San Francisco as the red-hot smartphone rolls out on Thursday in five of the world's six largest economies.
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Apple iPhone 4 makes glitzy debut

Fans stormed Apple Inc's store in Japan and operator Softbank Corp's outlets as the company launched a slim new version of its wildly popular iPhone.
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Daily forex forecast 24/6/2010

The Aussie opens today lower at 0.8700 against the Greenback as mixed signals on the US housing front overnight cast shadows over the US economy in the lead up to the U.S. Federal Reserve's latest announcements tonight.
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Dollar dips vs euro ahead of Fed decision

The dollar was lower against the euro ahead of a decision on interest rates from the U.S. Federal Reserve, while sterling rose sharply as investors continued to view the UK budget positively.
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Asia stocks fall on U.S. data

Asian stocks slid on Wednesday and European markets were expected to follow suit as poor U.S. home sales added to fears about the global economic recovery and optimism over China's new flexible yuan policy faded.
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Apple iPhone 4 has Samsung and Micron chips: report

Apple Inc's hot-selling next-generation iPhone sports chips from Samsung Electronics, Micron Technology and STMicroelectronics, according to an early teardown, or disassembly analysis by technology firm iFixit.
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Euro steady but vulnerable as risk rally fades

The euro held steady on Wednesday but remained vulnerable as a recent risk rally appeared to have run its course and on concerns about the euro zone banking system. A sharp fall in U.S. stocks .SPX the previous day and a subsequent drop in the Nikkei .N225 helped support the dollar and the yen, which are favoured when risk aversion spikes and doubts over the health of the global economy emerge.
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Large study finds no cell phone mast link to cancer

British scientists who conducted the largest study yet into cell phone masts and childhood cancers say that living close to a mast does not increase the risk of a pregnant woman's baby developing cancer.

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