IBT Staff Reporter

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BP shares drop as dividend cut seen more likely

Shares in BP fell 6 percent on Wednesday as investors saw it increasingly likely the oil major would suspend dividend payments, under U.S. political pressure due to its oil spill in the Gulf of Mexico.

Senator sees push to move China currency bill

A leading Senate critic of China's currency policy said a group of her colleagues were determined to push legislation allowing the Commerce Department to use anti-dumping and countervailing duty laws against China's exchange rate.

BP buys search term oil spill from Google

BP Plc has bought terms such as oil spill from search engine providers including Google Inc to help direct Internet users to its website as it attempts to control the worst oil spill in U.S. history.

Timberwolf investor suing Goldman

An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that hastened the fund's demise in 2007, a lawyer for the fund said.

Wall Street climbs on Bernanke talk and China data

Stocks jumped on Wednesday, driving the Dow back above the psychologically important 10,000 mark, as Federal Reserve Chairman Ben Bernanke's positive comments about the economy and unofficial data on Chinese exports spurred hopes for a global recovery.

Goldman unlikely to settle Timberwolf: source

Goldman Sachs Group Inc may be looking at new legal headache, as settlement talks with an Australian hedge fund that invested $100 million in a now toxic mortgage-linked security appear to be breaking down, a source said.

Interview with James Turk from GoldMoney.com

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...

Santander turns to Mexico to keep expanding

Spain's Santander shrugged off concerns of a debt crisis at home and showed its overseas expansion ambitions are still intact with the buyout of its Mexican division for $2.5 billion.

IBTimes Interview with James Turk from GoldMoney.com

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...

Wall St set to open higher after China data

Wall Street was set for a higher open on Wednesday as Wall Street looked to build on gains in the prior session after unofficial data showed Chinese exports topped expectations, easing global recovery concerns.

Stock futures rise after China data, Tuesday climb

Stock index futures rose on Wednesday as Wall Street looked to build on gains in the previous session after unofficial data showed Chinese exports blew past expectations, easing concerns about a global recovery.

Amid gloom, some bulls roam Wall Street

Wall Street investment strategists are buckling up for a bumpy ride and keeping a wary eye on Europe, but there are some stock market bulls who expect their forecasts for the U.S. stock market to be vindicated.

Hallmarking: Platinum outperforms gold

Is platinum outperforming gold as far as hallmarking is concerned in the United Kingdom? It looks so. Recent data shows that demand for platinum hallmarking is surging while the same for gold is coming down.

Stock futures higher after China data

Stock index futures were higher on Wednesday as Wall Street looked to build on gains in the previous session after unofficial data showed Chinese exports blew past expectations, easing concerns about a global recovery.

India gold demand dries on historic high prices

Gold prices have surged to the record highs on the Indian commexes hitting Rs.19,198 per ten grams on Multi-Commodity Exchange (MCX) on Tuesday. However, owing to the profit bookings at the upper levels, prices remained weak on Wednesday trading between Rs.18900 to Rs.18999 per ten grams on MCX.

Exports fuel Hungary and Czech GDP

Exports and a slight pickup in domestic demand fueled growth in Hungary and the Czech Republic in the first quarter, though analysts said fiscal tightening in the euro zone will slow the pace of recovery later this year.

Stock futures mixed; Texas Instruments eyed

Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 down 0.39 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures down 0.36 percent at 0945 GMT.

Japan's new finmin: won't press BOJ on price target

* New finmin shares PM's view inflation above 1 pct needed * Says BOJ has taken appropriate, flexible steps on deflation * Won't guide currency rates in certain direction -Noda * Says Japan to report fiscal reform plans to Toronto G20

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