The Australian Dollar opens sharply lower on Wednesday just under US89 cents after weaker than expected U.S. consumer confidence data released overnight took the wind out of the sails of higher yielding currencies and riskier assets.
Airbus parent EADS faced crucial decisions on transalantic defense projects worth $60 billion on Tuesday, as its shares rose on hopes its troubled efforts to diversify from jetliners would finally be unblocked.
Futures on U.S. stock indices are lower Tuesday morning as global investors sentiments are dampened by discouraging developments from the Europe.
The euro turned lower against the dollar on Tuesday after a weak German survey raised concerns about the outlook for the euro zone economy. Early demand for euros fizzled after data showed Germany's Ifo business sentiment index unexpectedly fell this month, while Italian confidence data and consumer spending numbers from France were also below forecast.
As the saying goes, money isn't everything, but it certainly means more to people now than before the global financial crisis, and especially in China, Japan and South Korea.
Sterling fell broadly on Tuesday, as Bank of England Governor Mervyn King said risks to the bank's central view of a gradual recovery remained to the downside and further quantitative easing may be needed.
Iran seized a Sunni Muslim rebel leader on Tuesday behind a bombing which killed dozens of people last year, and who Tehran says has links to al Qaeda and support from Pakistan, Britain and the United States.
A U.S. Navy warship prevented an attack on a Tanzanian ship and apprehended eight suspected pirates in the process, the U.S. Embassy in Tanzania said on Tuesday.
Most Asian stock markets recouped early losses on Tuesday while the dollar was trapped in a tight range as investors waited for Federal Reserve Chairman Ben Bernanke to shed light on how soon key U.S. interest rates may start to rise.
When it comes to getting the word out about the state capital's most famous avian couple, what could be more appropriate than Twitter?
The Australian Dollar opens steady today a shade under the US90 cent level.
German car maker BMW has offloaded 3 billion pounds ($4.6 billion) of longevity risk from its UK pension scheme to Deutsche Bank.
The U.S. stock market is trading in positive territory in the afternoon session with banks leading the rally after investors shrug off concerns of global tightening.
Big-name athletes are giving Olympic curling a boost by lending both their star power and locker-room motivational techniques.
European Union foreign ministers will condemn assassinations and the use of forged passports on Monday to censure Israel after the killing of a Palestinian militant in Dubai.
Twenty-four European banks may need to issue about 240 billion euros ($327 billion) annually for the next three years to fund existing and new businesses.
Japan's Finance Minister Naoto Kan reiterated his desire to target inflation, setting up a clash with the Bank of Japan over how best to pull the country out of deflation.
A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and Mail newspaper reported on Saturday.
Three of international ice hockey's greatest rivalries take center stage for a hat-trick of grudge matches in what is being billed as Olympic Super Sunday at Canada Hockey Place.
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Iceland's Prime Minister said on Saturday that a new Icesave debt repayment deal from Britain and the Netherlands would considerably ease the island nation's financial burden, state radio reported.
French Prime Minister Francois Fillon said world powers would have to take new action against Iran in the next few weeks if Tehran continues to reject Western proposals on its disputed nuclear programme.
India will narrow down the number of bidders by mid-2010 for its $11 billion fighter jet tender, a minister said, in a closely watched deal where diplomacy and strategic interests will play a big role.
