IBT Staff Reporter

The dollar slipped on Thursday with funds sensing a rally this month is ending and expectations increasing that commodity prices have resumed an uptrend, pushing up equities in Asia's energy and materials sectors.

Commodity trader Glencore has confirmed the price of its bumper $11 billion market debut at 530 pence, in the middle of its initial range, a level it hopes will secure a strong performance on debut.

San Francisco Giants' outfielder Cody Ross, the October hero of last year's playoffs, came through in the clutch with a two-out three-run home run in the ninth inning to beat the Los Angeles Dodgers 8-5.

John Lipsky will take over as acting managing director of the International Monetary Fund (IMF) following the resignation of Dominique Strauss-Kahn on Wednesday following the charges of alleged sexual assault against him.

The United States, for the first time, has imposed sanctions on the Syrian President Bashar al-Assad and six of his top aides for human rights abuses.

IMF Managing Director Dominique Strauss-Kahn Resigns

IMF Chief Dominique Strauss-Kahn has resigned from the post of managing director's position as Strauss-Kahn is accused of attempted rape and unlawful imprisonment.

Ford Motor Company India will invest $72 million in expanding its diesel engine production capacity by over 30% in India within next one year, the carmaker said in a statement.

As Dominique Strauss-Kahn languishes on suicide watch in New York's Rikers Island prison following the alleged sexual assault at a Manhattan hotel, a fresh set of mugshots emerges to the world media.

Citigroup Inc has awarded Chief Executive Vikram Pandit a $16.7 million retention bonus, plus stock options -- a far cry from the $1 salary he took during part of the financial crisis.

Justin Beiber met with fanst at the U.S. ambassador's residence where he talked with quake victims

Japan's economy shrank 0.9 percent in January-March from the previous quarter, marking a second straight quarter of contraction, Cabinet Office data showed on Thursday, as the March earthquake and tsunami and ensuing nuclear crisis weighed heavily on capital spending and private consumption.

A former portfolio manager at the Connecticut hedge fund Diamondback Capital Management has pleaded guilty to fraud and conspiracy, the latest defendant to admit wrongdoing in the government's broad probe into hedge fund insider trading.

LinkedIn sold shares at the top of an already raised price range in its initial public offering on Wednesday, signaling that stock investors are eager to buy shares of social networking companies even if valuations are lofty.

Apple and Google smartphones may come under tighter regulation in Europe after a data protection panel ruled that data on the location of their users should be classed as private, the Financial Times said Thursday.

Free North Korea Radio, run by North Korean defectors, reported last Tuesday on the murderous acts toward disabled children by the country's own government. Disabled children who are born in the city of Pyongyang are taken into government run hospitals and are suffocated to death by smothering wet towel over their face.

The Pentagon and Lockheed Martin Corp remain upbeat about the future of the short takeoff version of the new F-35 Joint Strike Fighter despite Defense Secretary Robert Gates' threat to terminate the program should technical issues not be resolved in two years.

According to a report released by the U.S International Trade Comission, in 2009 China's continuous practice of piracy over American products cost the US approximately $48 billion.

Rumors of Apple Store 2.0 are circulating, and a tool for iPhone facial recognition has launched.

According to the study by Harvard School of Public Health, drinking more than six cups of coffee daily can reduce the risk of getting prostate cancer significantly.

Pop Queen Lady Gaga has replaced Oprah Winfrey as the most powerful celebrity of 2011 in Forbes annual Celebrity 100 list that ranks the most powerful people in entertainment business.

Pop Queen Lady Gaga has replaced Oprah Winfrey as the most powerful celebrity of 2011 in Forbes annual Celebrity 100 list that ranks the most powerful people in entertainment business.

Japan's economy shrank in the first quarter at nearly double the pace expected, effectively slipping into recession as the devastating earthquake in March hit business spending and private consumption.

The owner of Nehro, the second-place finisher of the 2011 Kentucky Derby, will rest his colt rather than run him in the Preakness Stakes, in preparation for a stronger performance in June 11's Belmont Stakes, in New York.

Chrysler Group LLC plans to repay about $7.5 billion in U.S. and Canadian government loans on May 24 to strengthen the automaker's financial position, a person familiar with the matter said on Wednesday.

Chinese piracy and counterfeiting of U.S. software and a wide range of other intellectual property cost American businesses an estimated $48 billion in 2009, the U.S. International Trade Commission said in a report released on Wednesday.

Deutsche Bank Chief Executive Josef Ackermann will appear in a Munich court on Thursday to testify in one of the lawsuits brought against the bank by fallen German media mogul Leo Kirch.

Team RadioShack took control of the General Classification as Chris Horner's stunning ride allowed Horner and Levi Leipheimer to finish 1-2 in the GC after Stage 4 in the 2011 Amgen Tour of California.

The growth of on-line casinos offers new temptations for problem gamblers, but the Internet should also provide avenues to treat them, according to a report in a leading medical journal on Wednesday.