World Trade Organization judges gave the European Union a stinging rebuke on Wednesday, saying the EU must axe prohibited export subsidies to plane-maker Airbus which had injured U.S. rival Boeing .
The mood among Japanese businesses turned positive for the first time in two years and big firms revised up capital spending plans, a Bank of Japan survey showed, in a sign the export-driven economic recovery is taking hold.
Renewed concerns over the outlook for global growth have spurred another sell off in the commodity currencies, sending the AUD back through USD0.8400 overnight.
U.S. President Barack Obama on Wednesday maintained pressure on China to ensure its currency policy did not give it an unfair export advantage.
The biggest overhaul of U.S. financial regulation in decades won final House of Representatives approval on Wednesday, with the Senate not expected to render its verdict until mid-July.
To get an idea of how some U.S. textile mills can compete with developing-world rivals who pay far lower wages, roll a bowling ball down one of the production lines at Parkdale Mills' Walnut Cove yarn plant.
U.S. President Barack Obama launched a broad attack against Republican lawmakers on Wednesday, calling them out of touch with ordinary Americans for opposing Wall Street reform and siding with Big Oil.
U.S. stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data.
The AUD/USD bounced from intraday support at 0.8465 on two occasions during early morning exchange yesterday rallying during the afternoon session to enter offshore trade edging towards 0.8550.
Refiles to fix temperature conversion in 4th last paragraph
U.S. stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data.
U.S. private sector employment rose by a paltry amount in June, underscoring concerns about a weak labor market two days ahead of a closely watched government jobs report.
U.S. stocks were little changed on Wednesday as a disappointing reading of the labor market offset signs of improved Midwest business activity.
The former head of the AIG unit that drove the insurer to the brink of collapse said he could have saved taxpayers money if allowed to settle claims with firms like Goldman Sachs, instead of being sidelined before a 2008 bailout.
Japan's Sony Corp said on Wednesday that about 535,000 units of its Vaio brand personal computers globally may be in danger of overheating and that it has provided software on its website to eliminate the problem.
Unemployment is likely to stay high for a long time, two Federal Reserve officials said on Wednesday, suggesting the U.S. central bank is in no rush to raise its ultra-low interest-rate policy.
The former head of the AIG unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday and defended his role in an aggressive buildup of risky mortgage-linked securities.
U.S. stocks rose on Wednesday on signs of improved Midwest business activity and bargain-hunting a day after the S&P 500 fell to an eight-month low.
The much-maligned former head of the American International Group unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday to defend his firm's aggressive buildup of risky mortgage-linked securities.
The International Business Times last week held an exclusive interview with Todd B. Crosland, Chairman and President of Interbank FX, one of the most exciting Forex brokers in the US.
U.S. biotechnology company Celgene Corp has agreed to acquire Abraxis BioScience Inc , which makes an innovative chemotherapy treatment, for $2.9 billion in cash and stock.
The U.S. dollar's share of global currency reserves eased slightly to 61.5 percent in the first quarter of 2010 as total holdings climbed to a new record, International Monetary Fund data showed on Wednesday.
