IBT Staff Reporter

Pakistan will not suspend any players being investigated for alleged corruption without proof of wrongdoing, Pakistan Cricket Board chairman Ijaz Butt says.

World oil prices continued its southern journey in Asian trade Tuesday and dropped below $74 a barrel as equity markets slump amid concerns over global economic growth.

In an attempt to include every person under the food security scheme, National Advisory Council (NAC) said it will consult the Agriculture Ministry considering the high costs involved in such an exercise.

Gold prices mixed along with dollar in Asian trade Tuesday ahead of couple of key US reports while global stock markets declined. Gold for immediate delivery was seen trading at $ 1236.75 an ounce at 12.00 noon Singapore time while U.S. gold futures for December delivery was at $1,238.60 an ounce on the comex division of Nymex.

Attempts to rediscover Russia's lost treasure, the 'Tsarist gold' or 'Kolchak's gold', finally received a morale boost with positive signs from the Baikal exploration. According to Russian authorities, country's Mir-2 mini-sub has found a number of shiny metal objects on the bottom of Lake Baikal that could be the legendary Tsarist gold lost during the Russian civil war.

The U.S. futures regulator issued a final rule late Monday for the retail foreign exchange market, which included relaxing an earlier proposal that would slash leverage available to investors participating in these transactions.

Tokyo stocks fell 3.6 percent to a 16-month closing low on Tuesday, with disheartened investors bailing out of the market after the Bank of Japan's emergency moves the day before failed to curb the yen's strength.

Fears that policymakers around the world will be slow to support the flagging global recovery lifted the yen on Tuesday, weighed on Asian and European stocks and gave further fuel to a five-month rally in U.S. and Japanese government bonds.

Resigned to watching his child's imminent birth on video, trapped miner Ariel Ticona waited as rescuers started drilling an escape shaft on Monday to save him and 32 companions 25 days after a cave-in.

Google is set to unveil a new feature to its Gmail service that aims to separate a user's important emails from the ones that do not get read often.

Taiwan regulators rejected AIG's planned $2.2 billion sale of its Taiwan unit to a China-related group, citing regulations on mainland investment, and leaving the insurer facing another auction.

Japan led Asian stocks lower on Tuesday as worries about the flagging U.S. economy triggered profit taking across the region and fed a five-month rally in U.S. and Japanese government bonds.

Tokyo stocks fell 3 percent on Tuesday, their worst daily drop in three months, after the Bank of Japan's emergency moves the day before failed to curb the yen's strength and disheartened investors bailed out of the market.

U.S. chipmaker Intel Corp unveiled a deal on Monday to buy German chipmaker Infineon Technologies AG's wireless unit for $1.4 billion (905 million pounds), as it claws its way into the booming smartphone market and cuts its reliance on personal computers.

Britain and France are getting ready to unveil plans to share aircraft carriers amid pressure on the British military to cut costs, the Times reported on Tuesday.

British consumer confidence unexpectedly improved in August for the first time since February thanks to a more positive view on the economic outlook, a survey showed on Tuesday.

Libyan leader Muammar Gaddafi's invitation to hundreds of young women to convert to Islam overshadowed a two-day visit to Italy intended to cement the growing ties between Tripoli and Rome.

The U.S. military formally ends combat operations in Iraq on Tuesday as President Barack Obama seeks to fulfil a promise to end the war despite persistent instability and attacks that kill dozens at a time.

Resigned to watching his child's imminent birth on video, trapped miner Ariel Ticona waited for rescuers to start drilling an escape shaft on Monday to save him and 32 companions 25 days after a cave-in.

U.S. consumer spending rose in July at the strongest pace in four months, supported by a small gain in incomes that offered hope that consumers will be able to keep contributing to a modest economic recovery.

U.S. biotech company Genzyme Inc rejected an $18.5 billion (11.9 billion pound) buyout offer from French drugmaker Sanofi-Aventis SA on Monday, setting the stage for a protracted and potentially hostile takeover battle.

Research In Motion will give India access to secure BlackBerry data beginning September 1, a government source said on Monday, leading New Delhi to put off a decision on whether to shut down the smartphone.

U.S. President Barack Obama broadened U.S. financial sanctions on North Korea on Monday and froze the U.S. assets of four North Korean citizens and eight firms in part to punish it for the sinking of a South Korean warship.

Former Cuban leader Fidel Castro told an interviewer there were times during his long illness when he was at death's door but now he is mostly recovered and trying to avert nuclear war.

Hewlett-Packard Co has agreed to pay $55 million to settle kickback allegations related to federal government contracts, the U.S. Justice Department said on Monday.

Billionaire investor Ron Burkle's investment firm said it has no intention of taking control of Barnes & Noble as it fired a new shot in its proxy battle against the top U.S. bookstore chain.

Researchers have found a vulnerable point in quantum cryptography systems: the system is only as strong as the hardware used to set it up.

U.S. health officials are set to rule on whether a faster-growing, genetically engineered fish is safe to eat in a decision that could deliver the first altered animal food to consumers' dinner plates.

Diversified U.S. manufacturer 3M Co said it would buy Cogent Inc for $943 million, paying a nearly 18 percent premium for the maker of identification systems used to screen travelers at border crossings.