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BAE looks to draw government cyber work

Threats to sensitive computer networks lurk everywhere and with a few mouse clicks, organized criminals and hackers could shut down vital networks that run the U.S. government, industry and military.

Geithner to urge Europe bank stress tests: CNBC

U.S. Treasury Secretary Timothy Geithner will urge European officials this week to conduct some form of banking system stress tests, CNBC reported on Tuesday, citing an Obama administration official.

Oil hit by weaker Euro, slower demand growth

Sovereign debt crisis in Europe, a much weaker-than-expected Euro and slightly higher-than-expected non-OPEC supply has forced Bank of America-Merrill Lynch (BofAML) to revises its WTI and Brent crude oil forecasts for second half of 2010 from $92/barrel to $78 per barrel. Yet despite the much reduced likelihood of a robust upswing in global economic activity, BofAML remain cautiously optimistic that the breadth of the recovery outside Southern Europe will prevent a double-dip scenario. Hence it...

China's oil imports from Kuwait hits new record

Kuwait's General Administration of Customs on Tuesday said country's crude oil exports to China grew 17.8 percent in April to a record high of 1.081 million tons. In a report issued here it said the new figure is equal to 264,000 barrels per day. Kuwait provided 5.1 percent of China's total crude oil imports, compared with 5.7 percent in the same month of last year and 4.5 percent in March.

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Weak start for Prudential Asia shares

Prudential Plc shares fell on their Asia debut on Tuesday, hit by a global sell-off and concerns over shareholder support for the British insurer's planned purchase of AIA, the industry's biggest acquisition.

Growing Revolutionary Guard Spells Uncertainty For Oil Investors In Iran

As the United States edges closer to issuing a fresh round of sanctions against Iran, foreign investors so far unmoved by international pressure will end up doing business with a Revolutionary Guard that makes even local firms nervous, an analyst warns.

Economists see U.S. recovery building, Europe a worry

U.S. economic prospects are brightening, although Europe's debt troubles serve as a reminder that the United States must tame its own roaring deficit, economists said in a report on Monday.

Economists see US recovery building, Europe a worry

U.S. economic prospects are brightening, although Europe's debt troubles serve as a reminder that the United States must tame its own roaring deficit, economists said in a report on Monday.

China petrol exports surge by 124.3% in April

China's General Administration of Customs on Monday said country's gasoline exports surged 124.23% year on year to 696,888 metric tons in April this year. In a report, GAC said country's total gasoline exports were 2.1 million metric tons in the first four months, up 122.89% year on year.

U.S. plays down European crisis but China worried

The United States suggested Europe's debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too.

China holds door open a crack to U.S. on yuan

China struck a conciliatory note in talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.

Oil falls back below $70 on growth concerns

U.S. crude oil fell back below $70 a barrel on Monday, giving up an earlier gain on persistent worries that Europe's debt crisis would slow the global economic recovery.

Oil rises above $70 but pessimism lingers

U.S. crude rose above $70 a barrel on Monday, recouping some of last week's losses, but analysts said sentiment remained fragile and prices could again be hit by macroeconomic pessimism.

China avoids commitment to U.S. on currency

China struck a conciliatory note at the opening of talks with the United States on Monday by vowing to spur domestic demand and keeping a guarded opening to exchange rate reform, which the Obama administration says is needed to rebalance the global economy.

Euro gives ground while Asian stocks remain firm

The euro struggled to hold on to gains on Monday as investors sold into its latest bounce, while Asian stocks recouped ground from last week's eight-month lows on fears the euro zone debt crisis will hit world economic growth.

Oil snaps 3-day losing streak

Oil snapped three straight sessions of declines and rose more than 1 percent toward $71 a barrel on Monday, but analysts said sentiment remains fragile and prices could again be hit by macroeconomic pessimism.

Oil edges up above $70 in Asian trade

World oil prices advanced above $70 a barrel in Asian trade Monday but remained highly volatile, analysts said. Light sweet crude for July delivery was seen trading at $70.35 a barrel at 11.00 a.m Singapore time while Brent crude eased to $71.21 a barrel at the same time in London.

China's Hu tells U.S. he wants gradual yuan reform

China will stick to gradual reform of its yuan currency, President Hu Jintao told the United States at the start of high-level talks on Monday in which North Korea emerged as a point of potential contention.

China urges the U.S. to lift export restrictions

China urged the United States to lift restrictions on exports to China as early as possible, Commerce Minister Chen Deming said ahead of talks between the two countries in Beijing.

Geithner urges U.S., China cooperation on freer trade

Treasury Secretary Timothy Geithner said on Monday the United States and China need to work together to reduce trade barriers and develop a more balanced global economy.

Sanctions hit North Korea's crumbling economy: report

North Korea's crumbling economy is feeling the effects of sanctions for nuclear and ballistic missile activities, with foreign trade falling 10 percent in 2009 from the previous year, South Korea said on Monday.

Euro zone woes to make for erratic market

Volatility will be the name of the game on Wall Street this week as uncertainty over the euro-zone debt crisis remains and investors will need nerves of steel to make bets on risky assets like stocks.

Europe's woes to have small global impact: U.S. official

Europe's financial crisis should have only minimal impact on the global recovery as governments put in place necessary policy counter-measures, a senior U.S. Treasury Department official said Sunday.

Commodity Trends: Indices brighten but still weak

Globally, commodity prices have stabilized after a week of declines although Reuters-Jefferies CRB commodities index dropped 2.3% on the week and 9% so far this month, Financial Times (FT) reported. The report quoting Adam Sieminski, energy economist at Deutsche Bank in Washington said that a combination of the sovereign debt crisis in Europe, credit tightening in China and a cluster of worrisome economic indicators in the US has revived concerns about a W-Shaped recovery.

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