Oil above $76, heads for first quarterly drop since 2008
Oil rose by one percent on Wednesday to move back above $76 a barrel, but was still headed for its first quarterly drop since 2008 as stresses in financial markets weighed on expectations about the pace of recovery.
Teenage physical activity reduces risk of cognitive impairment in later life
Women who are physically active at any point over the life course (teenage, age 30, age 50, late life) have lower risk of cognitive impairment in late-life compared to those who are inactive, but teenage physical activity appears to be most important. This is the key finding of a study of over nine thousand women published today in the Journal of the American Geriatrics Society.
Goldman's Cohn, AIG face crisis panel
Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.
Stock futures rise after steep sell-off
Stock index futures rose on Wednesday, rebounding from a steep sell-off, as investors were comforted that financially fragile European banks were less reliant on funding from the European Central Bank.
Euro banks borrow less than expected from ECB
Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about how they would cope with repaying close to half a trillion euros in emergency loans on Thursday.
Banks borrow less than expected from ECB, ease fears
Banks borrowed less than expected from the European Central Bank in a key funding operation on Wednesday, easing fears about how they would cope with repaying close to half a trillion euros in emergency loans on Thursday.
Stock futures rebound after steep sell-off
Stock index futures rose on Wednesday, rebounding from a steep sell-off, as investors were comforted that European banks were less reliant on funding from the European Central Bank.
Wall Street futures point to firmer open
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.4 to 0.5 percent, pointing to a firmer start on Wall Street on Wednesday, after steep losses in the previous session.
Japan public fund: rate of return surges in 2009/10
Japan's public pension fund said on Wednesday the rate of return on its investments surged to plus 7.91 percent in the 2009/10 financial year, following a record loss of minus 7.57 percent the year before.
Romania c.bank holds rates after fiscal jolt
Romania's central bank held interest rates at 6.25 percent on Wednesday, as expected, halting its easing cycle after a government plan to raise value added tax added to uncertainty about the economy.
Google sets timeframe to end China reroute
Google Inc said it will end the automatic redirection of users from its China portal within the next 24 to 48 hours, while Beijing kept silent on whether the move would allow Google to keep its China business.
Gold holds near $1,240/oz as haven buying supports
Gold steadied in Europe on Wednesday, giving up early gains, after relatively low demand at the European Central Bank's latest bank refinancing operations eased some concerns over euro zone bank finances.
Nepal likely to extend daily quota of gold imports
Nepal is likely to extend daily quota of gold imports as country's marriage season extended up to second week of July.
Nepal's central bank, the Nepal Rastra Bank increased the quota of gold import for the commercial banks listed for gold trading in the local market.
European shares rise after ECB tender results
European shares rose 0.6 percent in a choppy morning session on Wednesday after the European Central Bank (ECB) announced results for its latest liquidity operation.
Asian stocks fall; worst quarter since Lehman
Asian stocks fell on Wednesday and ended the second quarter with their worst performance since the collapse of Lehman Brothers as investors got out of shares and high-yielding currencies on concerns over bank funding in Europe.
Euro edges up but wary
The euro rebounded on Wednesday after two days of steep losses, but investors remained worried about the global recovery and concerned the European Central Bank may be pulling back emergency funds too quickly.
Yen, Swissie keep euro, risk plays under pressure
The yen kept the euro and the Australian dollar pinned down near lows on Wednesday, after a heavy round of leveraged trade unwinding, and the euro also struggled above a record low on the safe-haven Swiss franc.
Oil heads for 1st quarterly drop since 2008
Oil edged lower on Wednesday, heading for its first quarterly drop since 2008 as risk aversion over Europe's debt crisis offset the effect of rising demand in the United States and China, the world's top two consumers.
Euro and Aussie edge up but yen and Swissie still strong
The euro and Australian dollar edged up against the yen but stayed near recent lows on Wednesday, after a heavy round of leveraged trade unwinding, while the euro was also within range of a record low on the safe-haven Swiss franc.
Gold extends gains as ETF holdings hit record
Gold gained on Wednesday after holdings in the world's largest bullion-backed ETF hit another record as investors sought safety from tumbling stock markets.
Asian shares fall on risk reduction
Asian stocks slid and the euro struggled near a two-week low on Wednesday as investors unwound risky positions before the quarter-end amid heightened concerns over banks' funding conditions in Europe.
Gold climbs in Asia as stocks plunge
Gold prices advanced further in Asian trade Wednesday mainly on weak stocks amid rising concerns over Europe's credit crisis and weak US economy.
Silver to beat gold in 2010
Good monsoon, high gold prices and global trends may help silver outperform the yellow metal in India.Indians love to possess silver in their homes and after gold silver is the most sought after metal in Indian households for jewellery. Since gold prices are touching Rs 19,000 per 10 gm, many rural families are now switching to silver.
Rising office rates affect Melbourne education industry
Melbourne's education sector may become the next victim of CBD's rising rates, according to Herron Todd White.
UBS re-files suit over failed 2007 CDO deal
UBS AG has re-filed a suit against Highland Capital Management LP for $686 million, saying the hedge fund manager provided false financial information to avoid making payments on a transaction, according to court documents.
Gillard reject claims of intimidation to principals
Newly-installed Prime Minister Julia Gillard has brushed off statements that some school principals were intimidated out of speaking to a task force investigating her Building the Education Revolution program.
NSW loses Wilson as DET official
New South Wales may be losing their technology chiefs as Stephen Wilson will step down on his post as the Department of Education and Training chief information officer.
Town residents still worry on water supply safety despite findings
Several residents in Tasmania expressed their concerns in one of the area's water supply against toxic waste from plantations.
Google-ITA deal talks unnerves travel bosses
Google Inc's talks to buy ITA Software, an airline IT and services provider, has travel executives worried that the search engine giant could wield too much power in their industry.
Corrected: Foursquare raises $20 million in funding
(Corrects spelling of Andreessen Horowitz in second bullet, paragraph 2)