Gulf rulers back monetary union plan
Gulf Arab countries endorsed a monetary union agreement on Tuesday despite the absence of major player the United Arab Emirates and fellow oil producer Oman and left options open for pegging their future single currency.
Let's do the time warp again!
In this day and age, it's a wonder anyone sits down to watch television as it's being aired anymore
Denison to suspend McClean uranium mill next year
Denison Mines (DML.TO) said on Tuesday it will suspend the McClean Lake uranium processing mill in mid-2010, following the halting of nearby uranium projects that were destined to supply it with ore.
China and G77 claim climate talks have broken down
China and the G77 claimed that the Copenhagen Climate talks have broken down, degenerating into a fight between developed and the developing world.
Wamu asks to probe Fed over collapse
Bankrupt holding company Washington Mutual Inc asked a federal court to compel the U.S. Federal Reserve, U.S. Treasury and more than a dozen others to turn over documents relating to its collapse in 2008.
Tiger Woods' wife Elin Nordegren breaks her silence: Report
The embattled wife of Tiger Woods, Elin Nordegren, has broken her silence according to reports from OK! Magazine.
CME Group begins clearing credit derivatives
CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis.
Elizabeth Kennedy threatened to kill Barry Williams
The former girlfriend of The Brady Bunch actor, Barry Williams, threatened to kill herself as well as Williams according to reports from TMZ.
Foreclosure buyer demand dips as supply mounts
U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a survey showed on Tuesday.
C.Suisse expects to pay $536 million in U.S. probe settlement
Swiss bank Credit Suisse said it was likely to pay a hefty $536 million to settle a U.S. probe into payments made between 2002 and 2007 involving parties that are subject to U.S. economic sanctions.
Wall St snaps 4-day winning streak on GE and PPI
Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.
Morgan Stanley's Keller to head U.S. prime brokerage
Morgan Stanley named a company veteran to run its U.S. prime brokerage business, which offers services ranging from clearing trades to lending money to hedge funds.
Future food, fuel conflict can be avoided: USDA secretary
An increasing shift away from fossil fuels such as gasoline to alternatives derived from plants and waste need not produce an increase in food prices, U.S. Agriculture Secretary Tom Vilsack told Reuters.
Boeing Dreamliner touches down after first flight
Boeing Co completed the first test flight of its new lightweight carbon and titanium Dreamliner, but the flight was cut short because of bad weather.
CME to alter ethanol futures contract from April 1
The CME Group announced changes to its Chicago Board of Trade (CBOT) ethanol futures contract on Tuesday to bring the contract more in line with current cash market practices.
Google investing for growth in display ads
Google Inc executives said the company experienced very strong growth in its display advertising business in the first three quarters of the year and it will continue to invest heavily in advertising initiatives involving online video and mobile Web devices.
Eton Wall Game, British's Way of Having Fun
The Eton wall game originated at Eton College. It has similarities to both the modern sports of rugby union and football.
Wall St snaps 4-day streak on GE, inflation worry
Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.
GE sees flat 2010 revenue, profit
General Electric Co expects profit to be flat at its big industrial units next year as the world economy begins to recover from a brutal economic downturn.
SEC mulls surprise audits for investment advisers
U.S. securities regulators may reduce the number of investment advisers who would have to undergo an annual surprise audit under a proposal to ensure that their clients' assets are safe, two sources familiar with the plan said on Tuesday.
Daily Forecast - 16/12/2009
The Aussie dollar retreated in local trade yesterday following the release of the RBA board minutes to the December meeting where rates were increased by another 0.25%.
Producer prices jump, factory reports mixed
U.S. producer prices jumped a surprising 1.8 percent last month and industrial output rose firmly, sparking inflation jitters in financial markets.
Old Chrysler plan earmarks nothing for TARP repay: filing
The U.S. Treasury will not recover any portion of the $3.7 billion still outstanding in loans it made to automaker Chrysler under the Troubled Asset Relief Program, according to the terms of a plan filed with bankruptcy court on Tuesday.
As Fed meets to set policy, major shifts unlikely
The U.S. Federal Reserve began a two-day meeting on Tuesday that was expected to show central bank officials are becoming more upbeat about the economy, but not enough to tighten monetary policy.
XTO's Simpson to take lower payout from Exxon
XTO Energy Inc Chairman Bob Simpson and other officers have waived the change in control provisions in their employment agreements as part of their deal to be bought by Exxon Mobil Corp and have instead signed consulting deals with the oil major.
Weyerhaeuser to become REIT, pay special dividend
Weyerhaeuser Co said it would convert into a real estate investment trust and pay a special dividend, bowing to pressure from shareholders who have been seeking the new financial structure for years.
Wall St drops further after GE outlook
U.S. stocks fell further on Tuesday after General Electric Co , a Dow component and an economic bellwether, forecast flat 2010 profit and revenue.
Stanford University pulls $5 bln asset sale - WSJ
Stanford University has pulled $5 billion of private-partnership interests from the auction block due to a recovery in the stock and bond markets, the Wall Street Journal reported.
Wall St slips on inflation concern
U.S. stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns.
Hamas says will unite with Iran if Israel attacks
Islamist militant groups will fight alongside Iran if the country is attacked by Israel, exiled Hamas leader Khaled Meshaal said on Tuesday.