The Aussie dollar appeared to be heading back below the 82 cent mark yesterday before comments from the RBA governor Stevens sparked a wild buying frenzy in afternoon trade. Speaking at a charity lunch his comments on the prospects for the local economy he said he can “imagine more upside risks to the economy to balance out downside risksâ€, a signal that rates are more likely to go up rather than down from here.
Organic food has no nutritional or health benefits over ordinary food, according to a major study published Wednesday.
Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear sings of sustained recovery for the world's battered auto sector remained elusive.
China and the United States signed a memorandum promising greater cooperation in tacking climate chaneg, energy and the environment. BP Plc and Valero Energy Corp. reported earnings for the second quarter reflecting the economic downturn has hit hard the oil industry.
Microsoft Corp has started accepting submission of mobile phone software applications from registered developers.
RioCan Real Estate Investment Trust is looking at acquisition opportunities in Canada in the short term and will likely close a deal by the end of the year, Chief Executive Edward Sonshine said in an interview with Reuters.
A Chinese manufacturer filed a patent infringement suit against U.S. retailer giants, marking a rare case that a Chinese firm seeks to enforce patent rights in a U.S. court.
With no local data releases yesterday the Aussie dollar took direction from equity markets which began their reporting season in Australia.
British forces remaining in Iraq will withdraw to Kuwait by the end of the month after Iraq's parliament adjourned this week without passing a deal allowing them to stay to help protect oil facilities.
Vodafone said on Tuesday there was no sale process underway for Deutsche Telekom'sT-Mobile UK subsidiary, at a gloomy annual meeting overshadowed by economic and performance concerns.
Oil giant BP Plc reported a 53 percent drop in second quarter net replacement cost profit to $3.14 billion on Tuesday, due to a halving in crude and gas prices and weaker refining margins.
Economic woes are taking a toll on marriages and relationships around the globe but the love lives of Americans seem to be most stressed by the recession, according to an international poll.
EBay Inc will slash fees by 20 percent for its top-rated sellers and push their listings higher up in the search queue, part of steps to try to rev up its long-stagnant Marketplaces arm.
Debate over controversial EU laws on hedge funds shifted to the United States on Monday as a key industry body warned of protectionist aspects of the rules which have prompted Washington to lobby for changes. The Alternative Investment Management Association said the planned laws on alternative investment funds create potentially major difficulties and loss of business for funds and investors...
A British teen-ager who phoned the White House and claimed as part of a drunken prank that there was a bomb in the center of New York, escaped jail on Monday.
Debate over controversial EU laws on hedge funds shifted to the United States on Monday as a key industry body warned of protectionist aspects of the rules which have prompted Washington to lobby for changes. The Alternative Investment Management Association said the planned laws on alternative investment funds create potentially major difficulties and loss of business for funds and investors...
British life insurer Friends Provident said on Monday it had ended talks with would-be acquirer Resolution after rejecting a fresh takeover approach from the Guernsey-based bid vehicle over the weekend.
Enjoying an iced coffee? Better skip dinner or hit the gym afterwards, with a cancer charity warning that some iced coffees contain as many calories as a hot dinner.
Strong US corporate earnings and positive daily finishes in global equity markets along with a mixed bag of US economic data saw the Greenback lose ground against the Pound and EURO but hold steady against the YEN.
Irish airline Ryanair on Monday posted a better-than-expected 550 percent rise in first quarter profit thanks to a large reduction in fuel costs but said its outlook remained cautious for the rest of the year.
Spain's Alberto Contador won this year's Tour de France on Sunday, his second win in cycling's premier event by more than four minutes, ahead of Luxembourg's Andy Schleck and beating out seven-time winner Lance Armstrong of the U.S. who was making a comeback three and a half years after retiring.
The nice thing about a deep recession is that it doesn't take much of a rebound to make the official data look healthy even if the economy is not.