IBT Staff Reporter

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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.

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.

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.

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.

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.

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.

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.

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