IBT Staff Reporter

ArcelorMittal , the world's largest steelmaker, forecast a sharp recovery in demand and prices in all main markets in the second quarter after its core earnings in the first three months missed expectations.

Britain's Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission official said. told Reuters on Thursday.

German industrial conglomerate Siemens raised its profit outlook on the back of cost cuts and higher demand from factories that are cranking up production amidst an economic rebound.

ArcelorMittal , the world's largest steelmaker, forecast a sharp recovery in demand and prices in the second quarter after its core earnings in the first three months of the year missed expectations.

ECB Governing Council member Axel Weber said on Thursday the impact of any Greek debt default on other states would be incalculable and urged quick approval of an aid package to prevent market upheaval and contagion to other states.

Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission official told Reuters on Thursday.

U.S. stock index futures rose on Thursday, looking to add to gains in the previous session after the Federal Reserve pledged to keep rates low for an extended period and Visa reported strong quarterly results.

My philosophy is simple: Stick to the facts. If in doubt, leave it out!

Stock index futures were higher on Thursday, looking to add to gains in the previous session after the Federal Reserve pledged to keep rates low for an extended period.

British insurer Standard Life beat forecasts with a 30 percent rise in first-quarter sales, helped by growth in corporate pensions and in its core retail products, as UK consumers shrugged off economic woes.

Foreclosure activity fell in 14 of the top 20 U.S. metropolitan areas in the first quarter compared with a year earlier, even though total U.S. foreclosures rose, RealtyTrac said on Thursday.

The US National Oceanic and Atmospheric Administration has today declared that the oil spill in the Gulf of Mexico is heavily leaking crude oil roughly 5000 feet below the surface. The agency maintained that the oil is leaking at the rate of 5000 barrels per day and not 1000 bpd as had been estimated earlier. Speaking to media, Rear Admiral Mary E Landry of the Coast Guard informed that the new estimate came from observations made in flights over the slick, studying the trajectory of the spill a...

Gold prices remained mixed in Asian trade Thursday after Greek debt worries was countered by hopes of speedy recovery in US economy. Gold for immediate delivery was seen trading at $1165.10 an ounce at 12.00 noon Singapore time after a notional close of $1,164.45 on Wednesday. However US gold futures for June delivery dropped in early trade and was at $1166 an ounce at the same time.

Most advanced artificial heart developed by a Brisbane doctor to aid patients who need urgent heart transplant

* Euro supported by hopes of larger aid package * Spain ratings downgrade shrugged aside * But traders still looking to sell euro rallies (Adds quote, detail, changes dateline, previous TOKYO) By Neal Armstrong

New changes in liquor laws at South Australia which will take effect next week is intended for responsible alcohol consumption

Stock futures pointed to a stronger start for Wall Street on Thursday, adding to gains in the previous session after a pledge by the Federal Reserve to keep rates low, with investors expected to focus on further corporate earnings.

World Health Organization warned the public that gonorrhea may soon become untreatable due to its resistance to antimicrobial antibiotics.

Greece's borrowing costs fell on Thursday and the euro was off its one-year low on optimism that a bailout plan for Athens would be finalized soon, though Spain's risk premium rose after S&P's debt rating downgrade.

A recent study found out that female fetuses deal quickly with prolonged stress when inside their mother's womb.

Acer Inc, the world's No.2 PC vendor, plans to introduce four new smartphone models later this year to help boost profits, a day after rival HP set its sights in the fast-growing smartphone market.

Doctor malpractice exposed hundreds of patients to infectious diseases such as Hepatitis B, C and HIV

Apple Inc may charge about $1 million for displaying advertisements on its mobile devices, the Wall Street Journal said, citing advertisement executives.

The euro inched higher on Thursday from a one-year low the previous day as senior European officials gave assurances that they were serious about helping Greece find a way out of its escalating debt crisis.

China's top Internet search firm Baidu Inc is emerging as a big winner following Google's recent retreat from China as it smashed analysts' forecasts, suggesting increased business from advertisers.

The euro steadied on Thursday, rebounding from a one-year low the previous day, as the Federal Reserve released a more upbeat view of the U.S. economy, offering some respite for markets as Europe continued to haggle over a bailout package for Greece.

China's yuan remains undervalued, but increased currency flexibility is just part of a range of policies needed for rebalancing in Asia, the International Monetary Fund said on Thursday.

Goldman Sachs Group is in talks over a possible settlement with an Australian fund that said it became defunct after it bought into a $1 billion subprime mortgaged-linked security, the FT reported on Thursday.

Visa Inc reported a 33 percent increase in second quarter earnings, better than Wall Street expected, as consumer spending rebounded and management said it was increasingly optimistic about the economy.