IBT Staff Reporter

Spot Gold prices rallied against all major currencies on Wednesday morning, hitting $1491 per ounce and rising 1.2% from yesterday's eight-day low as stock and commodity markets also gained.

Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies, prompting the top U.S. office supply chain to slash its full-year outlook.

Apple is due to launch its MacBook Air line-up of ultra-thin laptop upgrade with SandyBridge platform and Thunderbolt interface by July.

UK’s reformed copyright law was published on Wednesday to answer the critics who said it was outdated and not keeping pace with the developing digital media.

A former Egyptian Special Forces officer and an extensively trained and experienced military strategist, Saif Al-Adel, the alleged newly appointed interim chief of Al-Qaeda could prove to be more dangerous than Osama Bin Laden. More than a mere surprise, his appointment as Al-Qaeda's 'caretaker' has great strategic implications.

U.S. stock index futures rose on Wednesday, helped by stronger-than-expected results from computer maker Dell and a rebound in commodity prices.

Staples Inc reported lower-than-expected quarterly results on higher costs and weak demand for office supplies in an uneven economy, sending its shares down more than 8 percent.

The IMF warned on Wednesday that Greece's drive to shore up its troubled finances would fail unless it sharply accelerated reforms, and the ECB hit back at suggestions a debt restructuring might be the solution.

An al Qaeda operative from Yemen has been arrested by the Pakistani forces in Karachi on Tuesday.

General Motors will build its first major electric motor plant near Baltimore in Maryland, which will be the first of its kind to manufacture critical components for vehicle electrification. It is scheduled to open in 2013, the carmaker said in a statement.

European planemaker Airbus will find out later on Wednesday whether trade judges have upheld a ruling that it benefited from billions of dollars in illegal subsidies that punished its rival Boeing .

Harmon Killebrew posted his impressive batting statistics at a time when pitching dominated baseball.

The New York Mets may have a future star at second base in Justin Turner. Mets fans are crossing their fingers after his fast start in 2011.

Foxconn International Holdings Ltd, the world's top contract cellphone maker, expects a dramatic improvement in its 2011 results, its chairman told shareholders, lifting its shares as much as 15 percent to its biggest daily gain in more than a year.

World stocks climbed off four-week lows on Wednesday and the euro recovered some ground against the dollar as investors sought bargains in recently hard-hit markets.

A group of researchers at a German university has uncovered a vulnerability in Android smartphones which allows hackers to get hold of a user's contact and calendar data over open Wi-Fi network.

PopCap Games Inc, the maker of popular smartphone and Facebook games Bejeweled and Plants vs Zombies, could list as early as November, it chief executive David Roberts said on Wednesday.

Sony has come up with frequently asked questions (FAQ) guidelines to address the queued costumers after the discontinuation of service for its PlayStation Network (PSN) due to repeated hacking attacks.

At least 10 people have been killed as the protesters fought with the police and tried to attack a NATO outpost. The protest took place in the city of Taloqan, the capital of Takhar province.

Rosneft , the state-controlled Russian oil firm, said cooperation talks with British oil major BP could continue despite the expiry of a deadline for a share swap deal between the two companies.

Morgan Stanley aims to raise 1.5 billion yuan ($230 million) in its first yuan-denominated private equity fund in China, joining rivals such as the Carlyle Group and Blackstone for a piece of the booming market.

Journalist Dorothy Parvaz has been released by the Iranian authorities and is back in Doha, on early Wednesday.

The European Union and United States are preparing to hit Syria's leaders with new sanctions as anti-government protesters are still facing a brutal crackdown.

The broadening euro zone recovery means the need for economic or monetary stimulus is fading, European Central Bank policymaker Juergen Stark said on Wednesday, adding there needs to be a realization that a euro zone bail out is forbidden.

China's yuan will one day play a major role as a global reserve currency, although the U.S. dollar will remain an important currency, European Council President Herman Van Rompuy said on Wednesday.

Asia shares rose from a six-week low Wednesday, led by consumer stocks, but disappointing U.S. data have made some investors reluctant to follow commodity prices higher, containing a bounce in risky assets from currencies to oil.

Takeda Pharmaceutical Co <4502.T>, Japan's largest drugmaker, will announce the 1 trillion yen ($12 billion) purchase of closely held Swiss rival Nycomed on Wednesday as it seeks to expand in Europe and emerging markets, Japanese business daily Nikkei reported.

Google’s Superfast broadband internet service will be launched in Kansas City, Mo. by 2012 beginning and then it will tip-toe to the Missouri side of the state line in the next few months.

The arrival of a unique oil rig off communist Cuba is set to cause waves in Washington, raising questions about U.S. drilling permits and the response to any disaster, a conference heard on Tuesday.