Dollar falls broadly, focus on tech levels
The dollar hit multi-month lows against major currencies on Tuesday, stung by speculation that U.S. interest rates will stay low, while technical factors kept the currency under selling pressure.
The dollar index, a measure of its value against a currency basket, fell to 80.587, its weakest since mid-April and marking its first break since January below its 200-day moving average, a move that analysts said would open the door to more losses.
Google's Hong Kong question page blocked in China
A question-and-answer page on Google Hong Kong's website became inaccessible to some mainland Chinese users on Tuesday, underscoring Beijing's sensitivity about the Internet.
Trading lifts NYSE Euronext profit by 25 percent
NYSE Euronext said its quarterly profit rose 25 percent, beating expectations, as a surge in trading and revenue generation from new initiatives boosted the transatlantic exchange operator.
Eyes on data as stock futures signal dip
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday following the previous session's strong gains, with futures for the S&P 500 down 0.41 percent, Dow Jones futures down 0.31 percent and Nasdaq 100 futures down 0.28 percent at 3:55 a.m. ET.
Japan's Mitsui: received bill from BP for $480 million
Japanese trading house Mitsui & Co, whose unit holds a stake in BP Plc's ruptured oil well in the Gulf of Mexico, said on Tuesday it has so far received a $480 million bill from BP but has yet to decide if it will shoulder any clean-up costs.
Houlihan Lockey declined to endorse Tribune LBO: report
Investment bank Houlihan Lokey had declined to endorse Sam Zell's $8.2 billion leveraged buyout of Tribune Co, citing the deal would saddle the media conglomerate with too much debt, the Wall Street Journal said, citing people familiar with the matter.
Asia stocks up on bank earnings and U.S. data
Asian stocks rose to their highest levels in nearly three months on Tuesday, boosted by strong European bank results and a sign the U.S. economy was stronger than expected.
Gold steadies in thin Asian trade
Gold steadied in thin Asian trade Tuesday as reports of economic recovery and strong stocks countered weak dollar.
Spot gold was seen trading at $1182.18 an ounce at 12.30 p.m Singapore time while US futures for December delivery hardly moved at $1,185 an ounce.
Gold steadies near one-week high on dollar and physicals
Gold held steady near a one-week high on Tuesday as a weak U.S. dollar spurred early buying from investors, while jewelers were also expected to snap up the metal before festive seasons in India and Indonesia.
Dollar index near 3-month low, Aussie eases
The dollar was hovering near a three-month low against a basket of currencies on Tuesday on the perception that the U.S. growth outlook is deteriorating, forcing the Federal Reserve to keep interest rates low.
The Australian dollar dropped after retail sales and building approvals data in Australia disappointed bulls ahead of a Reserve Bank of Australia policy announcement.
Oil extends 3-month high towards $82
Oil prices extended three-month highs toward $82 on Tuesday, tracking gains in Asian equities following strong bank earnings and upbeat manufacturing data for industrialized economies a day earlier.
U.S. September crude rose as much as 28 cents to $81.62, 15 cents short of Monday's three-month intraday high, and was up 1 cent at $81.35 a barrel by 12:37 a.m., while ICE Brent rose 2 cents to $80.84.
Gold firms near 1-week high on dollar, physicals
Gold rose to near a 1-week high on Tuesday as a weak U.S. dollar spurred buying from investors, while jewelers were also expected to snap up the metal ahead of the festive season.
But trading was thin ahead of a trail of U.S. data such as June personal income, June factory orders and July auto sales, offering clues on the health of the economy. Platinum and palladium failed to sustain early gains.
Dollar index near three-month low
The dollar was hovering near a three-month low against a basket of currencies on Tuesday on the perception that the U.S. growth outlook is deteriorating, forcing the Federal Reserve to keep interest rates low.
The Australian dollar dropped after retail sales and building approvals data in Australia disappointed bulls ahead of a Reserve Bank of Australia policy announcement.
Naomi seeks protection before blood diamond testimony
Supermodel Naomi Campbell has applied for banning media coverage surrounding her as she prepares to give testimony in the war crimes trial of former Liberian President Charles Taylor.
Campbell is to appear in a court in The Hague on August 9 to answer questions about whether she was given a blood diamond by former Liberian dictator, Daily Mail online reported.
TPG-Axon, Montrica in tie-up deal: report
Two hedge funds launched by former star traders at Goldman Sachs have agreed to merge in a deal that will bring their combined assets under management to more than $10 billion, the Financial Times said on Tuesday.
Stereo magnate Harman to buy Newsweek
The Washington Post Co will sell Newsweek to 91-year-old audio equipment magnate Sidney Harman, who promised to retain most of the U.S. weekly's 350 employees and give it a couple of years to reverse losses.
Speculative money drives record surge in wheat prices
Wheat prices exploded by an unheard of 6.34 percent on Monday, continuing a record surge of 38 percent in July, with even more speculators drawn by gloomy news even though the fundamental situation remains stable.
Two funds target Oxy board over executive pay
Funds that own 1 percent of Occidental Petroleum Corp are targeting board seats at the fourth-largest U.S. oil company because of their concern about how it pays executives, one of the funds said on Monday.
HP agrees to settle government kickback probe
Hewlett-Packard Co said on Monday it has agreed to settle a U.S. Justice Department probe into an alleged kickback scheme related to government technology contracts.
Daily Forex Commentary 3/8/2010
he Australian Dollar continues to benefit from a weaker greenback and opens this morning buying 0.9136.
Australian Dollar Outlook 3/8/2010
The AUD has had a strong night during the offshore session, currently trading comfortably above USD0.9100 after better than expected manufacturing data was released in the US and exceptional profit reports from some of Europe's main banks saw risk appetite back on the table.
HP settles government contract probe
Hewlett-Packard Co said on Monday it has agreed in principle to a settlement with the U.S. Department of Justice related to a contract with the General Services Administration.
RIM says BlackBerry remains secure amid UAE spat
Research In Motion pledged to satisfy the security needs both of customers and governments, a day after the United Arab Emirates threatened to cut off some BlackBerry services because authorities could not access encrypted messaging data.
EU opens anti-trust probe of IBM mainframe
European Union competition regulators launched two anti-trust investigations against International Business Machines Corp, suspecting it of abusing its dominant position in the mainframe computer market.
Yahoo eliminates top North America sales job
Yahoo Inc is splitting the duties for its North American sales operations among four internal executives instead of replacing the sales boss that left the Internet giant nearly five months ago.
Wall St climbs to 10-week high on energy
U.S. stocks closed at their highest level in 10 weeks on Monday and the S&P 500 pierced key technical levels as a weaker U.S. dollar lifted the energy and raw materials sectors.
Treasury links 5.6 million hires to tax credits
Businesses eligible for tax credits under an Obama administration stimulus package hired an estimated 5.6 million workers, the Treasury Department said on Monday.
Corrected: EU opens anti-trust probe of IBM mainframe
(In paragraph 2, deletes Reuters stock code for T3, adds company's full name)
Motorola's Moloney returns as Mobility President
Motorola Inc said on Monday a former executive Daniel Moloney will return to the company as president of its Mobility operations just months after he left to run manufacturer Technitrol Inc.
U.S. says UAE BlackBerry ban sets dangerous precedent
The United States said it was disappointed that the United Arab Emirates planned to cut off key BlackBerry services, noting that the Gulf nation was setting a dangerous precedent in limiting freedom of information.
