UNITED STATES

The euro and Australian dollar rebounded from early losses against the dollar and yen on Tuesday after a statement by Australia's central bank helped dispel some gloom about the economic outlook and led to short-covering.

British oil company BP has approached sovereign wealth funds with a view to securing a strategic investor to fend off takeover bids while it deals with its massive U.S. oil spill, a senior UAE source said on Tuesday.

The managers of China's hoard of currency reserves defended their investment record on Tuesday, saying they had avoided big losses during the global crisis and voicing confidence they could achieve stable long-term returns.

The dollar and the yen gained in thin trade as investors reduced risk positions on Tuesday, while the Australian dollar fell ahead of a central bank decision where it is widely expected to be keep interest rates steady.

Gold prices eased further in Asian trade Tuesday as the dollar strengthened against the euro amid weak equity markets. Gold for immediate delivery was seen trading at $ 1205.89 an ounce at 12.00 noon Singapore time while U S gold futures for August delivery was at 1206.02 an ounce.

U.S. DVD rental service Netflix Inc said it has signed a deal with media company Relativity Media LLC to stream major theatrical movies to Netflix customers before they are shown on premium pay-television channels.

Asian stocks reversed course and inched up on Tuesday taking heart from gains in the Chinese market led by property and bank stocks, while the Australian dollar dribbled higher after the central bank sounded cautiously optimistic on the economic outlook.

Agricultural Bank of China, the country's No.3 bank by assets, is set to price its dual Hong Kong and Shanghai IPO late on Tuesday, determining whether it will become world's largest ever share offer.

News Corp is in talks with Google Inc, Microsoft Corp and Yahoo Inc about advertising on MySpace, as an existing contract with Google ends, the Wall Street Journal reported on Monday.

SUN VALLEY, Idaho - Industry power players are getting ready for the annual post-July 4 tradition known as summer camp for moguls.

Asian stocks slipped on Tuesday on growing investor concerns of slower economic growth in the United States and China, the main pillars of the world economy, and fading risk appetite sent the yen up against the dollar and the euro.

Shareholders in BP balked on Monday at reports the energy giant would seek a strategic investor to ward off takeover bids while the company's massive oil spill in the Gulf of Mexico spread.

More than two billion people, mostly those with low income or living in poor countries, lack access to surgical treatment and sites, according to a study of the Harvard School of Public Health (HSPH).

The last 24 hours has seen the AUD hold a relatively tight trading range, with expectations that this will continue today until the RBA interest rate decision due to be released at 2:30pm (AEST).

The Australian Dollar opens lower on Tuesday at 0.8390 ahead of today's monthly board meeting of the Reserve Bank of Australia (RBA).

Google Inc. has fixed a flaw in the YouTube code that allowed hackers to redirect users of the popular video-sharing site to adult websites and launch fake pop-up messages.

Shareholders in BP balked Monday at reports it would seek a strategic investor to ward off takeover bids, as the clean-up costs of its massive U.S. oil spill topped $3 billion.

World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth, though the dollar was off its two-month low.

World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth, though the dollar was off its two-month low.

Internecine civil wars are underway almost everywhere within the West, and most virulently in the United States of America. They are not yet kinetic wars, but wars of grinding prepositioning, the kind which lead to foregone conclusions without a shot being fired. They are wars of survival, nonetheless, because the basic architecture for national strength is being altered incrementally or dramatically. And, in many cases, consciously.

The euro fell in subdued trade on Monday after hitting a six-week high on weak U.S. jobs data late last week, while the dollar steadied against a currency basket. Traders were wary of chasing the dollar lower with U.S. markets closed on Monday for Independence Day.