IBT Staff Reporter

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Mrs. Doubtfire to act Susan Boyle?

Actor Robin Williams may portray singer Susan Boyle from Britain's Got Talent in a film about her life and how she became famous around the world.

Seiko Epson unit pleads guilty in price fixing case

A unit of Seiko Epson Corp (6724.T) agreed to plead guilty to one count of conspiring to fix prices for liquid crystal screens sold to mobile phone maker Motorola Inc (MOT.N), the U.S. Justice Department said on Tuesday.

Afghan election goes in tight race

President Hamid Karzai and his main rival Abdullah Abdullah both have roughly 40 percent of the nationwide vote for president with ten percent of ballots counted, the country's election commission said Tuesday.

Why it’s OK to go to Africa

People who've traveled through Africa almost always say it was an amazing and unforgettable experience, yet most others are still either scared or disinterested.

Momentum

Momentum measures the amount that a financial instrument's price has changed over a given timeframe. Momentum is significant because it signals the strength of price trends. A healthy price trend tends to exhibit strong momentum, while weakening trends often have decreasing momentum indicating a trend reversal or correction. Momentum can also indicate short-term market extremes referred to as overbought and oversold levels. A bullish signal is generated when the Momentum rises above 0 and a bear...

Stochastic Oscillator

The Stochastic Oscillator is plotted on a scale from 0 to 100. The upper and lower lines (marking the overbought and oversold levels) are at the 80 and 20 levels.

Wall Street advances on data, Bernanke news

U.S. stocks advanced on Tuesday as economic data and the reappointment of Federal Reserve chief Ben Bernanke strengthened expectations for a recovery and offset forecasts of federal budget red ink.

Relative Strength Index

Developed by J. Welles Wilder and introduced in his 1978 book, New Concepts in Technical Trading Systems, the Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock's recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. In his book, Wilder recommends using 14 periods.

US copper ends down, profit-taking outweighs data

U.S. copper futures ended down on Tuesday as a bout of investor profit-taking dragged prices lower despite a double dose of economic data that provided further evidence the world's largest economy was emerging from recession.

Young Afghan Guantanamo inmate freed, returns home

Mohammad Jawad, one of the youngest detainees to be held at the U.S. detention facility in Guantanamo Bay, Cuba, said on Tuesday after his return home to Afghanistan he had been abused and humiliated during six years in custody.

Fannie, Freddie soar as day-traders seek profit

Shares of U.S. government-controlled mortgage lenders Fannie Mae and Freddie Mac soared for a second straight day on Tuesday after attracting the attention of day-traders looking to turn a quick profit with these low-priced household names.

Russia's Tatneft discovers oil in Libya

Russian mid-sized oil firm Tatneft (TATN3.MM) said on Tuesday it had successfully drilled a well on an oil block of Libya's Ghadames Basin, some 345 kilometres (214 miles) south of Tripoli.

U.S. power bills down, but not for long

Many Americans have been getting a break on their electricity bills during the recession, but they should not expect the relief to last long as power demand recovers and climate regulations loom.

SEC appoints Kroeker as its top accountant

The U.S. Securities and Exchange Commission appointed on Tuesday an insider, James Kroeker, as its top accountant, where he will be responsible for thorny issues such as off-balance sheet accounting.

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