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Lawmaker wants Geithner's AIG records, testimony

The chairman of a U.S. congressional panel said he wants to see all of Treasury Secretary Timothy Geithner's communications about the Federal Reserve's payouts to counterparties of insurer AIG Inc at 100 cents on the dollar after a government bailout.

Nikkei gains as techs, exporters up; Mizuho jumps

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TOKYO (Reuters) - Japan's Nikkei average gained 1 percent on Thursday, with tech shares up after their U.S. rivals gained and exporters also higher as worries about the negative impact of China's monetary tightening on its economy faded.

Fed officials say need firm recovery before hike

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Two top Federal Reserve policy-makers said on Wednesday that the U.S. central bank will need to be certain the economic recovery is firmly in place before tightening its monetary policy stance.
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Lawmaker seeks Geithner records in AIG bailout

The chairman of a U.S. congressional panel said on Wednesday he wants all of Treasury Secretary Timothy Geithner's communications about the Federal Reserve's payouts to counterparties of insurer AIG Inc at 100 cents on the dollar after a government bailout.
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U.S., Google and China square off over Internet

Google's threat to quit China over censorship and hacking intensified Sino-U.S. frictions on Wednesday as Washington said it had serious concerns and demanded an explanation from Beijing.
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Barons of Wall St concede failures; no apology

Wall Street's chiefs acknowledged taking on too much risk and having choked on their own cooking, but stopped short of an apology as they sparred with a commission looking into the origins of the financial crisis.
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U.S. urges China to work with Google on security

U.S. Commerce Secretary Gary Locke urged China on Wednesday to ensure a secure commercial environment for Google and other U.S. companies after the world's top search engine said it may shut its Chinese-language website because of cyber attacks.
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Green energy agency set to gain members

The International Renewable Energy Agency (IRENA) expects new members to join at its next meeting while China and world top oil exporter Saudi Arabia are to attend as observers, its head said on Wednesday.
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Hershey still working on Cadbury bid

U.S. chocolate maker Hershey Co is still working on a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, a source familiar with the matter said on Wednesday.
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Investor Ross sees slow U.S. auto sales rebound

Billionaire investor Wilbur Ross said on Wednesday that the U.S. economy is nowhere near a full recovery and forecast 2010 as a year of moderate growth for the nation's automotive industry sales.
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Private mortgage bond buzz portends deal revival

U.S. mortgage bonds at the heart of the financial crisis may be revived by Wall Street as soon as this quarter, in what could be the most significant step yet toward repairing the credit and housing markets.
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Gmail for all at Macquarie University

Macquarie University and Google have once again teamed up for an Australian first - this time by agreeing to provide 6,000 Gmail accounts to the University's research, teaching and administrative staff.
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Fed says economy weak but mending as 2010 began

U.S. economic activity remained at a low level as 2010 began but was improving modestly and beginning to broaden out to include wider swaths of the country, the Federal Reserve said on Wednesday.
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SEC proposes effective ban on naked access

U.S. securities regulators proposed rules on Wednesday that would require more supervision of unlicensed high-frequency traders who gain unfettered, or naked, access to public markets.
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Daily Forecast - 14/1/2010

The Australian Dollar opens marginally higher today at 0.9230 after the greenback weakened against several major currencies during overnight trade.
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Tech and financials lift Wall Street

U.S. stocks rose on Wednesday as investors bet on recently weakened technology and financial shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co , taking the Dow industrials to a fresh 15-month high.
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SEC starts market review, high-frequency probe

U.S. securities regulators took their first stab at deciding whether rules are needed to curb high-frequency traders, whose lightning-fast computer programs now dominate equities markets.
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Fed says mild economic pickup broadening

U.S. economic activity remained at a low level as 2010 began but was improving modestly and beginning to broaden out to include wider swaths of the country, the Federal Reserve said on Wednesday.
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U.S. banks to report weak earnings, better outlook

Fourth-quarter U.S. bank results will show anemic lending and still-rising credit losses, but investors are focused more on 2010 outlooks for signs that the fledgling recovery might take hold this year, analysts said.

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