Forced index fund sales of Greek debt likely
Investors could be forced to sell billions of euros of Greek government bonds after Barclays Capital and Citigroup strip GGBs from indices following Moody's downgrade of the sovereign credit to junk status.
Spain sells debt at premium
European policymakers sought to squash talk of a euro zone rescue for Spain on Tuesday as the country saw its borrowing costs rise in a debt auction ahead of an EU summit to discuss steps to fix the currency bloc.
Small banks fight card fee limits despite exemption
Small banks believe they have no choice but to support Visa Inc and MasterCard Inc in a battle against lawmakers over fees for processing debit card transactions.
BBC may silence vuvuzela but iPhone users love them
The sound of vuvuzela trumpets in World Cup broadcasts may be silenced by the BBC following hundreds of complaints but the incessant drone has become a runaway hit with iPhone users.
Import prices show largest drop in nearly a year
Manufacturing in New York state grew in June even as employment declined, while U.S. import prices recorded their largest decline in nearly a year in May, reports on Tuesday showed.
Wall Street rises with euro and data
Stocks rose on Tuesday as the euro strengthened after successful European debt auctions and U.S. data showed inflation remained under control.
Oil companies turn on BP at congressional hearing
Executives from other major oil companies turned on BP Plc and defended their own drilling practices during a U.S. congressional hearing on Tuesday as they sought to stave off new government regulations in the wake of BP's oil spill in the Gulf of Mexico.
Cloud-gaming service OnLive set for launch
OnLive announced on Tuesday initial lineup of games and a new pricing plan ahead of its launch on Thursday, as the cloud-gaming service prepares its much anticipated rollout.
EU exec says Spanish, Portuguese fiscal plan enough
Spain's and Portugal's fiscal tightening plans this year and next are appropriately ambitious, the European Commission said, as it approved progress in fiscal consolidation also in 10 other European Union countries.
May import prices post largest drop in 10 months
Import prices recorded their largest decline in nearly a year in May as petroleum costs plummeted, according to a government report on Tuesday that bolstered views of tame inflation and low interest rates.
Oil rises towards $76, Greek worries weigh
Oil rose toward $76 on Tuesday, drawing support from forecasts of reduced crude stockpiles in the United States, but wary after a Greek sovereign debt downgrade that underlined the extent of the euro-zone crisis.
Foreigners net buyers of U.S. securities in April
Foreign investors reduced purchases of long-term U.S. securities in April but remained net buyers, while China raised its U.S. Treasury holdings for a second straight month, the Treasury Department said Tuesday.
Risk appetite stabilizes but econ views dip: BofA poll
Investors have become less bullish about the global economy but have not given up on riskier assets, finding equities as cheap as they have been since March 2009, a Bank of America Merrill Lynch poll showed on Tuesday.
Palm edition of VoD gold coin series launched
World Gold Council (WGC) and Dubai Multi Commodities Centre (DMCC) jointly launched Tuesday, yet another category of gold coins of the famous 'Visions of Dubai' series
Geothermal Elbowing its Way into the Mainstream
As I've mentioned a few times, geothermal looks to be approaching a rolling boil. A few more positive indicators on the sector presented themselves over the past week. First came news last week that the state of Alaska will reduce royalty rates for geothermal projects on state lands. Previously, state geothermal royalties had been set at a towering 10 to 15% of gross revenues. Under the new legislation, this will fall to 1.75% during the first ten years of income-generating production. After ten...
Market reaction to euro debt crisis overdone: Fitch
Financial markets have overreacted to the euro area's sovereign debt problems, though they are likely to keep testing the region's commitment to the single currency, credit rating agency Fitch s
Euro turns higher as auctions offset weak ZEW
The euro turned higher on Tuesday as solid demand at debt auctions eased concerns about euro zone debt problems after Monday's downgrade of Greece to junk status by Moody's ratings agenc
Stock futures rise with euro, data helps
Stocks were set to rise at the open on Tuesday as data showed inflation continues to be under control and strong demand at European debt auctions eased concerns about euro zone fiscal problems.
Nestle sues Sara Lee over Nespresso patent
Nestle is suing U.S. food group Sara Lee in France for patent infringement of its Nespresso coffee system, the Swiss company said on Tuesday, aiming to protect its top-selling product.
EU commissioner attacks Moodys on Greek downgrade
Moody's decision to downgrade Greek debt was ill-advised and ill-timed, European Economic and Monetary Affairs Commissioner Olli Rehn said on Tuesday, adding that it cast fresh doubt on ratings agencies.
Gold rush to begin once again in India
Indian equity markets are showing signs of higher volatility and hinting at consolidation from its current levels primarily on the back of overseas economic concerns, the gold prices are once again believed to scale up to make newer highs in near future.
Weak TV sales hurt Best Buy results
Best Buy Co's quarterly profit and sales missed Wall Street estimates, hurt by a sharp decline in prices for television sets, sending its shares down over 6 percent.
WGC bats for gold in new clean energy sources
The World Gold Council (WGC) has welcomed a new paper from researchers at MIT that demonstrates how rechargeable lithium-air batteries can be significantly more efficient by using a catalyst that consists of nanoparticles of a gold and platinum alloy. This could be a significant step toward making these high-energy-density batteries practical for use in new electric vehicles.
BSkyB rejects $12 billion News Corp buyout proposal
Rupert Murdoch's News Corp is proposing to pay $12 billion to take control of British satellite broadcaster BSkyB as it seeks to generate steadier earnings and make better use of its cash pile.
Stock futures rise as euro resumes climb
Stock index futures rose on Tuesday along with the euro as strong demand at debt auctions eased concerns about euro zone fiscal problems.
Stock futures rise, tracking the euro
Stock index futures rose on Tuesday along with the euro as strong demand at debt auctions eased short-term concerns about euro zone fiscal problems.
BSkyB rejects $11.6 billion News Corp buyout proposal
BSkyB rejected a proposal by major shareholder News Corp to buy the rest of the company in a deal that would value BSkyB at 12.3 billion pounds ($19 billion) but said it would recommend a higher offer.
Apple launches new Mac mini
Apple said it launched a new version of its lowest-priced computer, Mac mini, with twice the graphics performance and lower power usage, from $699.
Fed's Bullard says confident in global recovery
A strong global economic recovery -- led by Asia -- is under way, and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of an asset bubble in China, a top Federal Reserve official said on Tuesday.
Videogame business poised for rebound
LOS ANGELES - The funk that has stricken U.S. video games is about to end -- and the timing is perfect, considering the industry begins showing off its wares Tuesday at the massive E3 Expo in Los Angeles.