IBT Staff Reporter

Economic recovery will likely be limited and is no reason to shout for victory, European Central Bank Governing Council member Guy Quaden was quoted as saying.

Dell Inc Chief Executive Michael Dell said the business climate was improving and repeated his expectation for a powerful hardware refresh cycle beginning next year.

Hong Kong stockspacked on more gains on Wednesday to close up 1.95 percent at a14-month closing high, driven by liquidity inflows frominvestments exiting the U.S. dollar, which touched a 14-monthlow.

U.S. stock index futures rose more than 1 percent on Wednesday following forecast-beating results from Intel Corp (INTC.O) and ahead of earnings from JPMorgan Chase & Co (JPM.N).

U.S. stock index futures pointed to a strong open on Wall Street on Wednesday following forecast-beating results from Intel Corp and ahead of earnings from JPMorgan Chase & Co.

U.S. stock index futures rose more than 1 percent on Wednesday following forecast-beating results from Intel Corp and ahead of earnings from JPMorgan Chase & Co .

China reported surprisingly strong trade figures on Wednesday, providing fresh evidence that the world's third-largest economy is firmly on the path to recovery and that global demand is improving too.

Private equity firm Blackstone Group's chief executive said the worst of the industry's problems were behind it, and dealflow and IPO opportunities were opening up again.

The U.S. dollar plumbed a 14-month low against the euro on Wednesday, sending gold prices to record highs and pushing up oil for a fifth day to a 2009 high of $75.12 a barrel.

Luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags, leather goods and snoods, adding to signs of a consumer recovery and lifting its shares to a 21-month high.

Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.

British luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags and leather goods, and signaled an improvement in some second-half revenue trends.

Heightened risks for post-operative incontinence and impotence may outweigh any benefits from minimally invasive keyhole surgery for prostate cancer, a new study suggests.

Drinking green tea may lower your risk of developing certain blood cancers, but it will take about 5 cups a day, according to a study from Japan

China reported surprisingly strong trade figures on Wednesday, providing fresh evidence that the world's third-largest economy is firmly on a recovery track and that global demand is improving too.

Private equity firm Blackstone Group's chief executive said the worst of the industry's slump is behind it, and dealflow and IPO investments are opening up again.

Oil surged for a fifth day on Wednesday to a 2009 high of $75.12 a barrel, boosted by a weak dollar and surprisingly strong China trade data that underscored a recovery in the world's second-largest oil user.

Major U.S. banks and securities firms are on track to pay employees about $140 billion in total compensation and benefits this year, the Wall Street Journal said, citing an analysis of securities filings for the first half of 2009 and revenue estimates through the end of the year.

The Bank of Japan kept markets guessing on the future of its support for corporate finance, avoiding any reference to the issue in its latest policy review as analysts warily eyed government pressure to keep the measures in place.

The U.S. dollar struck a 14-month low against the euro on Wednesday, sending gold to record prices and pushing oil past the 2009 high of $75 a barrel and on track for a fifth day of gains.

Venture capital firm Kleiner Perkins on Tuesday makes its latest bet on wireless device technology, with high hopes in music recognition and iPhone application developer Shazam, joining a wave of investment in the hot mobile content and technology market.

The U.S. dollar struck a 14-month low against the euro, keeping oil prices on track for a fifth day of gains on Wednesday near the 2009 high of $75 a barrel and sending gold to a record high.

When it comes to Cisco Systems Inc and dealmaking, the prevailing sentiment in Silicon Valley is: You can't predict what Cisco will buy next, but you can see why it fits.

AT&T, the No. 2 U.S. wireless provider, has won U.S. antitrust approval to buy Centennial Communications Corp on the condition that it sell assets in parts of Louisiana and Mississippi, the U.S. Justice Department said on Tuesday.

The Rudd Government will provide $21 million for the first-ever nationwide Partnership for Better Health Grants.

The House Financial Services Committee is to begin work on Wednesday on a top priority for the U.S. Congress -- legislation to mend regulatory holes exposed by last fall's financial crisis.

The Bank of Japan kept markets guessing on Wednesday on the future of its support for corporate finance, avoiding any reference to the measures in a statement after its latest policy review.

The House Financial Services Committee is to begin work on Wednesday on a top priority for the U.S. Congress -- legislation to mend regulatory holes exposed by last fall's financial crisis.

The Bank of Japan may decide to start withdrawing support for corporate finance on Wednesday, despite government criticism, at a policy meeting that may set the tone for its relationship with the new government.