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Microsoft cuts price of high-end Xbox model

Microsoft Corp is slashing the price of its high-end Xbox 360 model by $100 in the United States and 50 euros ($71) in Europe, upping the stakes in the game console fight this holiday season.

U.S. stars pushing America to dance to Europe's beat

Electronic dance music with heavy bass, unknown vocalists and mixed by club disc jockeys regularly tops pop charts in Europe but in America such music has been an underground genre with little mainstream success.

OzForex Daily Commentary - 27/08/2009

Australian Dollar: Yesterdays stronger than expected Australian economic data provided some level of support for the Aussie dollar at 0.8330 during the local session sending it into early European exchange on its highs pressing against 0.8380. Resistance at these levels proved too strong to overcome and the AUD/USD spent the majority of the offshore session drifting lower. Demand for the Greenback against the majors saw the Aussie move closer to 0.8250 and opens this morning at 0.8275. The loca...

UK's Channel 4 to ditch Big Brother reality show

Britain's Channel 4 said on Wednesday it was ditching the once-popular

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Global imbalances to haunt G20 meeting

The immediate crisis may be over but G20 policymakers meeting next week must still find a way to rebalance the global economy if the world is not to be doomed to repeat the past.

Daily Outlook - August 26

Edward Kennedy dies at 77; Exit Strategy a Must; Toyota retreats

G20 need exit strategy, stimulus to stay now: UK source

G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear the fiscal and monetary boosts remain in place for now, a UK government source told Reuters on Wednesday.

G20 need exit strategy, stimulus to stay for now: UK source

G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear they must remain in place for now, a UK government source told Reuters on Wednesday.

Toyota to cut capacity amid sales slump

Toyota Motor Corp , the world's largest automaker, said it would halt a production line in Japan as it looks to cut excess capacity to return to profitability amid an industrywide sales slump.

Toyota to cut capacity to match sales: source

Toyota Motor Corp will cut its global production capacity to match lower sales, a company source with direct knowledge of the matter said on Wednesday, with potential annual cuts of at least 700,000 vehicles identified.

Daily Commentary - 26/08/2009

The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.

Wednesday, 26 August 2009 - Market Commentary

The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.

Israel's Netanyahu says seeking settlements formula

Israeli Prime Minister Benjamin Netanyahu said Tuesday he was seeking a formula to enable renewed talks with the Palestinians while permitting Jewish settlers to live normal lives.

UK's Lloyds cuts 200 jobs in general insurance

Britain's Lloyds Banking Group (LLOY.L), 43 percent owned by the UK government, will cut 200 jobs in its general insurance division by the end of January in a shake-up of back office functions, the bank said on Tuesday.

Mrs. Doubtfire to act Susan Boyle?

Actor Robin Williams may portray singer Susan Boyle from Britain's Got Talent in a film about her life and how she became famous around the world.

Video blunder lets porn be sold legally to kids

Retailers who sell children violent or pornographic videos will be immune from prosecution for the next three months after the discovery of a government blunder 25 years ago.

Toyota to cut global capacity by 1 million vehicles: report

Toyota Motor Corp , the world's biggest automaker, will cut its global production capacity by 10 percent, or 1 million vehicles, the Nikkei business daily reported.

RBS talks on Asian assets in full swing: sources

Royal Bank of Scotland's talks to sell some of its Asian assets to Standard Chartered remain in full swing, sources familiar with the matter said on Tuesday after a report they were on the rocks.

GM negotiator to meet with Opel task force

General Motors' chief negotiator in the sale of Opel will on Tuesday meet a task force created by the German government to discuss the U.S. carmaker's plans for the European unit, a German politician said.

Iran puts leading reformers on trial over unrest

An Iranian prosecutor called on Tuesday for maximum punishment of a senior reformer for acting against national security, a crime punishable by death, in the fourth mass trial of moderates after the disputed election.

Industry blames price gap for UK drug shortages

A widening price gap, fuelled by a weak pound, is behind the current shortage of some medicines in Britain as more drugs are exported by middlemen for profit, the pharmaceutical industry said on Tuesday.

GM may make Opel plans clear within 24 hours: union

General Motors may make clear within the next 24 hours whether it wants to keep its European carmaker Opel rather than sell it, a German labor representative said on Tuesday.

GM may make Opel plans clear within 24 hrs: union

General Motors may make clear, within the next 24 hours, whether it wants to keep its European carmaker Opel rather than sell it, a German labor representative said on Tuesday.

Tuesday, 25 August 2009 - Market Commentary

The Aussie dollar followed the local equity market higher during yesterdays early morning session peaking above the 84 cent mark heading into the release of July New Motor Vehicle Sales which was expected to be a non event.

7 Places to Visit in England Besides London

When I'm backpacking I always meet people who are travelling to London, but there is so much more to England than the nation's capital. We may be a tiny and rather compact country but often travellers seem to think that England is London.

GM looking at keeping Opel, raising $4.3 billion: report

General Motors Co is considering keeping its Opel business in Europe instead of selling it by winning billions of dollars in aid from the U.S. and European governments, the Financial Times reported on Monday.