Spot gold soared to an all-time high above $1,910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared.
Australia and New Zealand Banking Group's China unit has received regulatory approval to trade gold futures on the Shanghai Futures Exchange, it said on Tuesday, becoming the second foreign bank allowed access to the country's gold futures market.
A son of Muammar Gaddafi, previously reported captured, made a surprise appearance with jubilant supporters in Tripoli overnight, urging loyalists to fight off rebels who say they control most of the Libyan capital.
Microsoft Corp will develop and market cloud-computing products in China with a Chinese partner, a pattern that the software giant could use as a model in other emerging markets, an executive said on Tuesday.
Brent crude rose toward $109 on Tuesday as fighting in Libya continued and in anticipation of a fall in U.S. crude stockpiles.
World stocks, the euro and commodity prices advanced on Tuesday after gauges of Chinese and German manufacturing activity were not as weak as some had feared.
World stocks, the euro and commodity prices advanced on Tuesday after gauges of Chinese and German manufacturing activity were not as weak as some had feared.
Spot gold soared to an all-time high above $1,910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
European shares were set to follow Asian gains on Tuesday after a survey of Chinese factory output soothed fears of a hard landing for the world's No.2 economy, but gold hit a record on persistent concerns about the health of the developed world.
China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI indicated Tuesday.
A group of 35 Michael Jackson fan clubs have joined forces to lobby for the cancellation of a Michael Jackson tribute concert, saying the October event is doomed to fail.
Brent crude neared $109 Tuesday as fighting in Libya continued and in anticipation of a fall in U.S. crude stockpiles.
Japanese Prime Minister Naoto Kan will likely resign next week, his economics minister said Tuesday, but who will succeed him as the country confronts a nuclear crisis and a long list of economic difficulties remained up in the air.
Vice President Joe Biden said on Monday China's leaders did not seek reassurances about the weak U.S. economy, and he called Xi Jinping -- the man expected to take over as China's next president -- pragmatic and strong.
Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.
Remnants of forces still loyal to Muammar Gaddafi staged a desperate stand in Tripoli on Tuesday as rebels fought their way into the capital, but the whereabouts of the veteran leader was a mystery.
North Korean leader Kim Jong-Il is currently in Russia, marking his first visit to the country in nine years. The 70 year old statesman will meet with Medvedev for talks concerning an international pipeline that will run through North Korea.
Berlusconi has invited the head of the rebel government to Italy, while urging Gadhafi to give himself over to authorities.
A group of 35 Michael Jackson fan clubs have joined forces to lobby for the cancellation of a Michael Jackson tribute concert, saying the October event is doomed to fail.
Toshiba Corp <6502.T> will increase production of industrial motors five times the current level by 2015 for the Chinese market, the Nikkei business daily reported.
During Vice President Joe Biden's visit to China, Beijing and Washington confined their brawling to the basketball court, and for now economic and political needs should keep tensions in the diplomatic arena from spiraling into fully-fledged feuds.
