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WEEKEND EDITION
Saturday, July 4, 2009

Prospect of carbon tariffs draw Asia ire

China and India lashed out on Friday at the possibility of tariffs slapped on carbon-intensive exports.

Americans take to road but cautious after gas shock

Drivers are changing their road-trip rituals for this Fourth of July.
U.S. 100-dollar bills are piled up after counted at the Korea Exchange Bank in Seoul

G8 likely won't touch dollar status

The dollar's status as the top global reserve currency is unlikely to be mentioned, a G8 source says.

FINANCE

A man walks past a logo of Nan Shan Life Insurance, a local subsidiary of the American International Group Inc, in Taipei

About 10 firms submit bids for AIG Taiwan unit: reports

About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.

FINANCE

Texas billionaire Stanford leaves the Bob Casey Federal courthouse in Houston

Stanford clients sue insurance broker Willis Group

Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.

INDUSTRIES

Mining company Teck Resources holds Annual General Meeting in Vancouver

Teck to sell 17 percent stake to China for C$1.74 billion

Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.

ENERGY

A motorist holds a fuel pump at a Gulf petrol station in London

Oil brokerage PVM says rogue trader behind oil spike

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

TECH

Bluetooth "Big Brother" tracks festival-goers

Researchers are using Bluetooth technology to observe the meanderings of tens of thousands of festival-goers at a top European rock festival, hoping their findings will launch a new generation of tracking devices.

INDUSTRIES

View of main entrance of Opel assembly plant in Antwerp

China moves on Opel with BAIC bid

A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.

 

Daily Outlook

What's Happening: Fireworks, New Movies, TV Sports

  • Fireworks shows blast nationwide on Independence Day
  • Weekend movies include releases of a new ICE Age movie, and Public Enemies
  • TV sports coverage, including Wimbledon Finals and the Tour de France kickoff

Inside IBT
  • 1 of 6
Serena Williams
SPORTS
Serena tops Venus at Wimbledon:'It feels so amazing'
Serena Williams beat her sister Venus on Saturday to capture her third Ladies' Singles finals title at Wimbledon.
A view of the Grand Canal and the Santa Maria della Salute basilica in Venice
TECH
Treasure Hunt gets digital update in WiFi Venice
Treasure Hunting will go fully digital on Friday night.
A trader works the floor of the New York Stock Exchange
EQUITIES
Earnings to set tone for stocks in week ahead
Earnings results may show how much faith investors should have in an economic recovery.

FINANCE
Hope for California budget deal as IOUs planned
Top California lawmakers raised hope of an elusive budget deal.

FINANCE
Spring U.S. housing market hints at awaited recovery
It is a little too early to celebrate new life in the housing market.
President Obama
ENERGY
CEOs use Obama visit to press Russia on rule of law
CEOs want to use a summit to press Moscow to rein in corruption and improve business conditions.
Serena Williams
SPORTS
Serena tops Venus at Wimbledon:'It feels so amazing'
Serena Williams beat her sister Venus on Saturday to capture her third Ladies' Singles finals title at Wimbledon.
A view of the Grand Canal and the Santa Maria della Salute basilica in Venice
TECH
Treasure Hunt gets digital update in WiFi Venice
Treasure Hunting will go fully digital on Friday night.
A trader works the floor of the New York Stock Exchange
EQUITIES
Earnings to set tone for stocks in week ahead
Earnings results may show how much faith investors should have in an economic recovery.
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