IBT Staff Reporter

SUN VALLEY, Idaho - Industry power players are getting ready for the annual post-July 4 tradition known as summer camp for moguls.

A Bank of America Corp board member wanted an outsider to take over as chief executive in December but eventually gave in to backing Brian Moynihan for the post, the Wall Street Journal reported on Monday.

Asian stocks slipped on Tuesday on growing investor concerns of slower economic growth in the United States and China, the main pillars of the world economy, and fading risk appetite sent the yen up against the dollar and the euro.

Shareholders in BP balked on Monday at reports the energy giant would seek a strategic investor to ward off takeover bids while the company's massive oil spill in the Gulf of Mexico spread.

More than two billion people, mostly those with low income or living in poor countries, lack access to surgical treatment and sites, according to a study of the Harvard School of Public Health (HSPH).

The last 24 hours has seen the AUD hold a relatively tight trading range, with expectations that this will continue today until the RBA interest rate decision due to be released at 2:30pm (AEST).

The Australian Dollar opens lower on Tuesday at 0.8390 ahead of today's monthly board meeting of the Reserve Bank of Australia (RBA).

Google Inc. has fixed a flaw in the YouTube code that allowed hackers to redirect users of the popular video-sharing site to adult websites and launch fake pop-up messages.

Shareholders in BP balked Monday at reports it would seek a strategic investor to ward off takeover bids, as the clean-up costs of its massive U.S. oil spill topped $3 billion.

Tasmania's health chief has denied that states, except for Western Australia, had agreed with the federal government to implement a proposed fast-track surgery guarantee for patients waiting for treatment for years.

Senior executives from around the world are holding off on major fund-raising plans as they wait for global economies to stabilize further, a study by the Economist Intelligence Unit for Royal Bank of Canada shows.

Australian researchers have found that depressed cardiac patients are likely to be readmitted to the hospital and stay there longer.

Results of the stress tests imposed on European Union banks should be completely transparent to help boost confidence in the bloc's economy, the EU's monetary affairs chief said on Monday.

Kohlberg Kravis Roberts & Co is moving closer to gaining its long-sought New York Stock Exchange listing, with a filing expected as early as Tuesday which should detail compensation for top executives at the private equity firm, a source familiar with the situation said.

A July 2008 survey conducted by a research firm indicated that majority of Australians support access to late abortion and did not support penalising doctors who performed late abortions.

World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth, though the dollar was off its two-month low.

Greece is confident it will meet its target to cut the budget deficit by 40 percent to 8.1 percent of economic output this year but risks remain on revenue growth targets, its Finance Minister said on Monday.

World stock and oil prices fell on Monday on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth, though the dollar was off its two-month low.

The European Central Bank faces a grilling on Thursday on the euro zone's recovery outlook, bank stress tests and its liquidity operation plans.

Internecine civil wars are underway almost everywhere within the West, and most virulently in the United States of America. They are not yet kinetic wars, but wars of grinding prepositioning, the kind which lead to foregone conclusions without a shot being fired. They are wars of survival, nonetheless, because the basic architecture for national strength is being altered incrementally or dramatically. And, in many cases, consciously.

Greece is confident it will meet its target to cut the budget deficit by 40 percent to 8.1 percent of economic output this year but risks remain on revenue growth targets, its Finance Minister said on Monday.

If you ask who controls the gold business in India, the only answer is Gujaratis. In India, bullion market is totally under the control of Gujaratis whether it is in Mumbai or Delhi.

The euro fell in subdued trade on Monday after hitting a six-week high on weak U.S. jobs data late last week, while the dollar steadied against a currency basket. Traders were wary of chasing the dollar lower with U.S. markets closed on Monday for Independence Day.

Investors are looking for signs of renewed lending growth from upcoming Gulf Arab bank results, where provisions for bad and doubtful debt will continue to weigh on second quarter profits.

British Airways carried 11.1 percent fewer passengers in June compared with the year before, reflecting the impact of walkouts by cabin crew protesting pay and conditions.

The U.S. Senate went on Fourth of July recess Friday without passing an extension to unemployment insurance. The 1.2 million people who saw their unemployment benefits end on July 1 will have to wait until at least July 12, when the Senators return to Washington.

Platinum and palladium prices are largely depending on the auto markets of China and India. This is because these two countries now drive the auto sales across the globe and with the increase in car sales, platinum and palladium demand is also expected to rise. Both these metals are used in catalytic converter applications in automobiles.

Euro interbank lending rates edged up on Monday as the market focused on how much weekly ECB funding banks will roll at the first tender operation since last week's repayment of almost half a trillion euros.

Germany's strong run in the World Cup may be the catalyst for a growth spurt by Europe's largest economy, as consumers riding the feelgood factor of national success dip in to their savings and start spending again.