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T-Mobile USA says CEO to leave in May 2011

T-Mobile USA, a unit of Deutsche Telekom AG , said its chief executive, Robert Dotson, will leave the company in May 2011 and named Philipp Humm as its designated successor.

EUR/USD loses gains of last trading days ???

Do you also see what I see when you look at the EURUSD chart? According to my opinion the crosspairs loses the gains of last days again. A short study of the crosspair into the past led me to a value of about 1.1632. Impossible? I´m not so sure as the crosspair already touched this level several times in the last years.

Oil edges up near $70 in Asian trade

Global oil prices advanced towards $70 a barrel in Asian trade Wednesday mainly after the API report showed dip in US petrol stockpiles. Light sweet crude for july delivery was seen trading at $69.66 a barrel at 12 noon Singapore time while Brent crude was at 69.97 a barrel in London.

Gold moves up on geopolitical tensions

Gold prices advanced in Asian trade Wednesday despite a firming dollar as geopolitical tensions in the Korean peninsula boosted its appeal. Gold for immediate delivery was seen trading at $1204.94 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1205.44 an ounce eat the same time on the COMEX division of the New York Mercantile Exchange.

More news

Fed and BOJ chiefs wary of inflation targeting fixes

Federal Reserve Chairman Ben Bernanke said U.S. inflation expectations were stable despite price swings in the past few years and signaled the Fed saw no need to change its current price commitment.

BAE looks to draw government cyber work

Threats to sensitive computer networks lurk everywhere and with a few mouse clicks, organized criminals and hackers could shut down vital networks that run the U.S. government, industry and military.

Fed's Bernanke says U.S. inflation expectations stable

U.S. inflation expectations were very stable and well-anchored at a low level despite pronounced swings in the past few years, Federal Reserve Chairman Ben Bernanke said on Wednesday.

UK bans doc who linked vaccine to autism

Britain's General Medical Council has struck Dr Andrew Wakefield from the medical register and found him guilty of serious professional misconduct after he published a research suggesting a link between a common vaccine and autism.

Qatar wealth fund keen to buy U.S.'s Citi shares: report

Qatar Investment Authority, the country's sovereign wealth fund, is keen to buy part of the U.S. Treasury's stake in Citigroup Inc , the Financial Times reported in its Wednesday edition.

European banks settle Madoff cases

Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer for victims said.

Outlook remains stable on U.S. AAA rating: Moody's

The outlook on the United States' coveted AAA credit rating remains stable, though the government's financial strength is weakening due to its support for the financial system, Moody's Investors Service said on Tuesday.

Losses to continue at Fannie and Freddie: regulator

U.S. mortgage finance enterprises Fannie Mae and Freddie Mac , seized by the government during the financial crisis, will continue to sustain losses on mortgages as house prices drop, their regulator said in testimony made public on Tuesday.

Case's firm takes stake in Web wine seller Vinfolio

Revolution LLC, an investment company created by AOL co-founder Steve Case, is taking a stake in Internet wine seller Vinfolio in a bid to transform the privately held firm into the eBay of fine wines.

FDA says acid reflux drugs carry fracture risk

U.S. health regulators have cautioned doctors and patients of an increased risk of fractures of the hip, wrist, and spine from high doses or long-term use of a widely used class of drugs to control the amount of acid in the stomach.

Australian Dollar Outlook 26/5/2010

It was a volatile session overnight, with AUD trading to its lowest level since July 2009, before rebounding back towards USD0.8300.

Money managers go for the gold in market rout - and beyond

Gold is one of the more mysterious assets in the financial markets. It's volatile at times to the point of inducing vertigo and fans of the precious metal assert, somewhat contradictorily, its prowess as a hedge against both inflation and deflation.

Three Fed banks wanted discount rate hike in April

Three regional Federal Reserve banks last month wanted to raise the discount rate, which the Fed charges banks for emergency loans, according to minutes from Fed meetings released on Tuesday.

CORRECTED: Three Fed banks wanted discount rate hike in April

(Corrects to show Kansas City Fed, not Richmond, voted for discount rate hike in paragraph 2)

Gulf Spill Puts US Energy Bill on Slippery Slope

With energy, Senate Democrats find themselves between a rock and two hard places. Nonetheless, Sen. John Kerry, D-Mass., and Sen. Joe Lieberman, I-Conn., have introduced their climate and energy bill. Its timing is awful. Its fate is uncertain. Yet its sponsors felt it had to be done now.

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