The Kenyan shilling gained against the dollar on Tuesday aided largely by banks selling greenbacks as high interest rates squeezed shillings out of the market, while stocks edged lower in thin volumes.
Gold rose above $1,800 an ounce on Tuesday for the first time in over a month, fueled by worries that a teetering government in euro zone's third largest economy Italy would deepen the region's debt crisis.
Standard Bank Group said on Tuesday it hopes its non-disclosed investment in solar lamp projects in the Asia-Pacific region will generate millions of U.N.-backed emissions offset credits for its carbon portfolio.
Many Liberians failed to vote in a presidential run-off on Tuesday, poll observers said, some people staying away for fear of further violence and others following an opposition boycott appeal.
Hedge fund manager Daniel Loeb, who took a five percent stake in Yahoo in September, is now demanding co-founder Jerry Yang step down.
Perhaps the most invidious, appalling action during the financial crisis was the decision by the U.S. Federal Reserve to take over New York-based American International Group (AIG) in Sept. 2008. And it was the most necessary.
Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's leaders struggled to put together a national unity government.
In an attempt to reduce its carbon footprint, Alaska Airlines will fly 75 bio-fuel-powered commercial flights, across the United States, starting on Wednesday, the airline announced in a statement on Monday. This is a step which is being perceived as a historical one in the country's aviation sector.
Republican presidential candidate, Herman Cain, got through most of last week with some success (following allegations of sexual abuse) largely because his accusers kept quiet. On Monday, however, Cain faced a new set of political challenges, after an ex-employee of the National Restaurant Association's (NRA) educational foundation accused him of sexually inappropriate behavior 14 years ago. The Chicago woman told reporters that her encounter with Cain in 1997 was tawdry and aggressive.
Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.
Vodafone edged its full-year outlook higher on Tuesday. The results were boosted by strong growth in India.
Gold prices hovered above $1,790 on Tuesday, after soaring more than 2 percent in the previous session, supported by safe haven demand as Italy took center stage in the euro zone debt crisis.
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
Societe Generale , France's second-biggest listed bankon, scrapped its 2011 dividend on Tuesday to help bolster capital when reporting quarterly profit fell sharply, hit by charges including Greek debt writedowns.
Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
The Gotham West project is one of the largest developments currently underway in New York City. It was heralded at a Monday groundbreaking ceremony as a sign of the west side's rising stature as a desirable neighborhood.
Gold prices jumped two percent to hit their highest point in six weeks and regain, at least for now, its traditional role as a safe-haven investment.
Jefferies Group Inc the mid-sized investment bank trying to distance itself from bankrupt MF Global Holdings Ltd , said it reduced by half the gross positions in sovereign securities of certain European countries it had on Friday.
Putin and Gilani also reportedly discussed other important topics, including battling against terrorism and extremism.
The Nest - the so-called 'iPod of thermostats' - barely touched down on the marketplace before selling out; the smart thermostat is so popular that you won't be able to get your hands on one until early 2012.
Liberia could tip into chaos not seen since its civil war if a presidential run-off election set for Tuesday is not delayed and reorganized, presidential hopeful Winston Tubman said on Sunday.
