UNITED STATES

Greenback Slumps on Equity Rally

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The greenback relinquished gains against the euro and Aussie on the Tuesday session as UK and US markets returned from holiday.
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Russia breaks wall into U.S. nuclear market

Russia signed a landmark deal to supply nuclear fuel directly to U.S. companies on Tuesday, setting itself up to control 20 percent of the U.S. uranium market and extending its global reach in the nuclear sector.
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Consumer confidence data boosts Wall Street

Stocks climbed on Tuesday after data showing a sharp rise in consumer confidence suggested the economic downturn was easing and a brokerage upgrade of Apple Inc lifted technology stocks
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U.S. court to hear Merck appeal on Vioxx investor suit

The U.S. Supreme Court said on Tuesday that it would hear an appeal by Merck & Co Inc of a ruling that reinstated a securities fraud lawsuit involving the company's disclosures to investors about its withdrawn Vioxx pain drug.
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Wall Street rises on consumer confidence reading

U.S. stocks rose on Tuesday after data from an industry group showed that consumer confidence rose in May, boosting optimism that the recession may be abating, and a broker upgrade of Apple Inc lifted technology stocks.
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U.S. consumer mood lifts despite home price plunge

U.S. consumer confidence soared in May to its highest level in eight months, suggesting underlying improvement in the economy after a grim first quarter that witnessed a record plunge in home prices.
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U.S. home prices fall 18.7 percent on year in March

Prices of U.S. homes in March fell a sharp 18.7 percent from a year earlier, though some relief appeared to be in sight as, for the second month, prices did not slide at a record rate as they had been doing since late 2007.
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North Korea says may stay out of nuclear curbs deal

North Korea, irked by South Korean and Japanese criticism of its nuclear test, said on Tuesday it may not support moves to curb production of nuclear bomb-making material, jeopardizing the start of global talks on the issue.
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North Korea fires more rockets

North Korea, defiant in the face of international condemnation of its latest nuclear test, fired two more short-range missiles off its east coast on Tuesday and accused the United States of plotting against its government.
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Asustek aims to be No.3 laptop vendor in 2011

Netbook PC pioneer Asustek aims to double its market share to become the world's No.3 laptop vendor, riding the rising popularity of low-cost laptops among budget-conscious consumers during the global downturn.
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Abbas to ask Obama to press Israel on settlements

Palestinian President Mahmoud Abbas will urge U.S. President Barack Obama at their first White House talks to press Israel to halt expansion of Jewish settlements, Palestinian officials said on Tuesday.
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U.S. raid killed 97 civilians: Afghan rights group

A U.S. air strike in western Afghanistan early this month was a disproportionate use of force that killed 97 civilians and no more than two Taliban fighters, an Afghan rights watchdog said in a report on Tuesday.
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U.S. economy at risk of double-dip recession

The U.S. economy appears destined for several years of weak growth and high unemployment that leave it vulnerable to a recession relapse after the massive dose of government stimulus wears off.

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