Al Qaeda leader Osama bin Laden said U.S. President Barack Obama had planted the seeds of revenge and hatred toward the United States in the Muslim world and warned Americans to prepare for the consequences.
President Barack Obama headed for the Middle East on Tuesday hoping to start mending U.S. ties to the Islamic world in a speech that aides say will reach out to Muslims but deal with tough issues like the peace process and violent extremism.
President Barack Obama met Saudi King Abdullah in Riyadh on Wednesday ahead of a much-heralded speech in Cairo the U.S. leader hopes will help refurbish America's tarnished image in the Islamic world.
Australian Dollar: As expected the Reserve Bank kept interest rates on hold at 3% yesterday with the major surprise coming in the form of a much lower than expected Current Account Deficit in the first quarter of the year.
Singapore state investor Temasek sold its stake in British bank Barclays Plc several months ago at a big loss, people familiar with the matter said on Wednesday.
Dutch utility Essent scrapped the sale of its waste-management unit, blaming low prices and other problems with bids for the failure of an auction that had once aimed to raise a billion euros or more.
The U.S. economy's recovery may have stalled after data on Wednesday showed half a million private sector jobs were lost in May and mortgage applications fell last week as rising interest rates frightened away buyers.
U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed.
European stocks fell and Wall Street was set for a weaker start on Wednesday as investors turned cautious after economic optimism pushed world stocks to fresh 7-1/2 month highs and sterling to 2009 peaks earlier.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday after data showed employers chopped more than half a million jobs in May, signaling conditions remained tough.
Sony Corp unveiled on Tuesday a smaller, lighter PlayStation handled game device called the PSP Go, in a race to catch rival Nintendo in an intensely competitive mobile games arena.
European stocks fell on Wednesday and government bonds ticked higher after investors turned cautious after optimism about the global economy pushed world stocks to fresh 7-1/2 highs and sterling to 2009 peaks earlier.
U.S. car sales fell again in May, dropping 34% to 925,824 vehicles, but showed some signs of stabilization as Ford, General Motors and Toyota reported their highest monthly totals this year.
Planned layoffs at U.S. firms fell for a fourth consecutive month in May, reaching the lowest level in eight months and offering another sign that the United States may be pulling out of a steep economic tailspin.
U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed.
A nationwide index of non-manufacturing economic activity is expected to show activity slowed in May, but less so than in April, according to economists polled by Reuters.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were set to take profits ahead of key macroeconomic data on jobs and manufacturing.
The oil markets' seven-day rally faltered on Wednesday ahead of weekly U.S. inventory data and as investors grew more cautious ahead of the $70 a barrel mark.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were set to book recent gains ahead of key macroeconomic data on jobs and manufacturing.
A U.S. Court of Appeals agreed on Tuesday to hear a challenge to Chrysler LLC's sale of most of its assets to a group led by Italian automaker Fiat , in a move that could potentially delay the deal.
European stocks fell on Wednesday and government bonds ticked higher after investors turned cautious after optimism about the global economy pushed world stocks to fresh 7-1/2 highs and sterling to 2009 peaks earlier.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were poised to pocket a portion of their recent lofty gains ahead of key macroeconomic data.
