IBT Staff Reporter

Oil rose below $71 a barrel on Tuesday, ending a three-day losing streak ahead of U.S. data expected to show a fall in gasoline stocks, with weaker-than-expected Chinese economic data acting as a drag.

An explosion in a northern Slovak coal mine most likely killed 20 miners on Monday in the central European country's worst mining disaster.

President Dmitry Medvedev on Monday proposed legislation to give him the legal basis to send troops abroad to defend Russia's interests, the Kremlin said.

Israel will hold Lebanon responsible for any future Hezbollah attack should the Iranian- and Syrian-backed militia be brought into Beirut's incoming government, Prime Minister Benjamin Netanyahu said Monday.

Divers in New York's Hudson River on Monday found the body of the eighth victim of a midair collision of a helicopter and small plane that killed nine people, but they were unable to dislodge it from the underwater wreckage, authorities said.

Taliban bombers, some disguised as women with suicide vests hidden under their burqas, stormed government buildings near Kabul on Monday in a brazen strike just 10 days before a presidential election.

A court in army-ruled Myanmar on Tuesday found opposition leader Aung San Suu Kyi guilty of violating an internal security law, a ruling certain to anger the West and further isolate the regime.

A strong earthquake jolted Tokyo and surrounding areas early Tuesday morning, throwing food and bottles from store shelves, disrupting transport and closing a nuclear power plant for safety checks.

The Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditions worsen, a U.S. bailout watchdog panel said on Tuesday.

Australia brushed off on Tuesday a Chinese report accusing iron ore miner Rio Tinto Ltd of overcharging and spying on Chinese steel mills, saying it had not been officially sanctioned.

Anglo-Australian miner Rio Tinto has yet to be presented with any evidence to support the detention of four of its China-based staff on suspicions of stealing state secrets, the firm said on Tuesday.

Oil was steady below $71 a barrel on Tuesday ahead of U.S. data expected to show a fall in gasoline stocks, with weaker-than-expected Chinese economic data acting as a drag.

Oil was steady below $71 a barrel on Tuesday ahead of U.S. data expected to show a fall in gasoline stocks, with weaker-than-expected Chinese economic data acting as a drag.

The value of U.S. homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.

Oil edged up toward $71 a barrel on Tuesday, ending a three-day losing streak, ahead of U.S. data expected to show a fall in gasoline stocks but the market also watched for signs from China of further economic strengthening.

Despite some slightly disappointing home loan and investment lending data out of Australia yesterday the Aussie dollar edged higher in Asia bouncing back from an early Monday morning sell off to 0.8330.

Bonus saga not over, New Test for GM, Hedge Insiders

Lone Star Funds joined other big private equity names in opposing proposed U.S. rules for investments in failed banks, as a designated period for public comment on the draft regulations comes to an end on Monday.

Dell is set to release a mobile phone on the Chinese market soon in cooperation with China Mobile, China Mobile released in its developers community website.

Typhoon Morakot has toppled at least six buildings in the southeast coast of China after lashing Taiwan, state media reported on Tuesday.

InfrastruX Group Inc, a provider of services to gas and electricity companies, is seeking to raise up to $290 million in an initial public offering, according to a regulatory filing on Monday.

Satellite imagery company DigitalGlobe Inc posted a lower second-quarter profit, hurt in part by charges, and forecast full-year profit largely below Wall Street expectations.

Fluor Corp, the largest publicly traded U.S. engineering company, reported a better-than-expected profit along with growth in its order backlog despite a very challenging economic environment.

JB Hi-Fi Ltd, an Australian home electronics retailer, forecast a 20 percent jump in annual sales for its current fiscal year as it reported on Tuesday a 45 percent leap in net profit for 2008/09.

Shares of Centerra Gold fell more than 9 percent on Monday on expectations that parent company Cameco Corp was set to sell its 49 percent stake in the gold miner.

Canada's Verenex Energy Inc posted a narrower quarterly loss, and said it continued to seek consent from Libyan authorities for the sale of the company.

A federal judge refused to approve a proposed settlement between the U.S. Securities and Exchange Commission and Bank of America Corp over the payment of bonuses to Merrill Lynch & Co employees, saying he was unable to determine if it was fair to the public.

Seven Norwegian municipalities and a Norwegian securities broker are suing Citigroup Inc for more than $200 million in damages after they lost millions of dollars on investments sold by the U.S. bank two years ago.

NEW YORK (Reuters Life!) - After relying on a pacemaker for 20 years, Carol Kasyjanski has become the first American recipient of a wireless pacemaker that allows her doctor to monitor her health from afar -- over the Internet.