The Australian Dollar (0.8790) begins the new week under pressure and is at a six-week low.
No successor has yet been lined up to follow UBS chief executive Oswald Gruebel, the chairman of the Swiss bank's executive board was quoted as saying in a newspaper interview on Saturday.
The chairman of Britain's regulator the Financial Services Authority branded so-called carry trades economically valueless, the Times reported on its website on Friday. Adair Turner said banks and hedge funds that borrowed cheaply in U.S. dollars to bet on higher yielding investments in emerging markets were adding no value to the real economy, the paper said.
Leaders from across Iceland's political spectrum met Dutch and British ministers on Friday over more than $5 billion in Icesave bad bank debts, but the talks ended with no signs of progress.
A study of stimulant-deaths in Britain between 1997 and 2007 found that those who died after taking ecstasy were mainly younger and healthier than those who died after taking amphetamines.
Kraft Foods Inc is expected to easily win support from Cadbury shareholders for its $18.73 billion (11.68 million pound) takeover of the iconic British chocolatier.
Lloyds TSB raised $1 billion via a residential mortgage-backed bond on Friday, reopening a U.S. market that had been shut since mid-2008 because of the credit crunch.
Singapore's telecommunications giants SingTel and Starhub could be cut out of broadcasting the soccer World Cup, forcing fans to view matches live on the internet unless a deadlock over rights fees can be resolved.
The Australian Dollar opens at 0.8940 after a volatile 24-hour session which saw it trade between a low of 0.8910 during early Sydney trade yesterday and a high of 0.9044 in early Europe.
Global investors cut back on equities in January in the face of worries about the economy, potentially tighter monetary policy and in reaction to last year's stellar gains.
Search-engine company Startpage launched a service allowing users concerned about privacy to carry out Web searches and click on linked pages without being identified, tracked or recorded.
The Australian Dollar opens near a three-and-a-half week low today at 0.8925.
In the search for more unusual, out-of this-world travelling experiences, travellers are being lured to the ends of the earth to find the most eccentric, wacky and exciting activities, sights and venues. So if you're fond of a tipple or two, you might want to try one of these bars.
Small and medium-sized British businesses could cut their energy costs by up to 30 percent a year but are unaware of the true potential for savings, a survey by the Carbon Trust shows.
Iranian media reported on Wednesday that two German diplomats were detained last month due to involvement in anti-government protests, but Berlin said it was unaware any of its staff in Iran had been arrested.
Leading bankers and industry groups warned on Wednesday against isolated initiatives by the United States and Britain to regulate banks, saying one set of rules were needed to govern the global banking industry.
Asian stocks fell for the ninth straight day on Wednesday on fears that China's heightened efforts to rein in soaring credit growth could hamper the global economic recovery.
(Corrects in first line and in text that Asia stocks ex-Japan fell for the 9th straight day, not the 8th)
The Australian Dollar opens lower on Wednesday at 0.8990.
U.S. defence giant Lockheed Martin hopes to sign an agreement with Israel on its F-35 fighter jet by the end of the year, and targets 75 to 100 jets for the deal, an executive said on Friday.
Nokia will drop the ailing Comes with Music offering from the new version of its flagship X6 music phone, hoping a one-third cheaper price tag will boost sales of the model.
Britain only just crept out of an 18-month recession at the end of 2009, suggesting any monetary tightening remains a long way off and raising fears about the prospects for recovery ahead of an election due by June.
