BP Chief Executive Tony Hayward is to step down within the next 10 weeks, The Times reported on Wednesday.
The Aussie sprung to life either side of the Reserve Bank release of the July board meeting minutes moving to an intraday high of 0.8745 before slipping back towards US87 cents.
Goldman Sachs could turn out to be a mere mortal after all.
Large commercial airplane orders stole the show at the Farnborough Airshow on Tuesday, as Airbus raised its orders guidance for the year with the help of a resurgent leasing industry.
Goldman Sachs could turn out to be a mere mortal after all.
Large commercial airplane orders stole the show at the Farnborough Airshow on Tuesday, with Latin American companies sharing the spotlight with a resurgent leasing industry.
Penguin launched on Tuesday the first electronic book with a video tie-in, as the embattled book publishing industry bets on multimedia ebooks to revive flagging growth and boost readership.
French lawmakers began closed-door deliberation on President Nicolas Sarkozy's disputed pensions reform on Tuesday with the government saying it would accept only minor amendments.
Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission fraud charges and the UK tax on bank executive bonuses.
Goldman Sachs Group Inc said quarterly earnings tumbled 82 percent, coming in well short of expectations, as trading and underwriting revenue slumped, raising questions about how well Wall Street's preeminent bank can navigate a shifting industry landscape.
Goldman Sachs Group Inc posted lower second-quarter earnings, hurt by its settlement of U.S. Securities and Exchange Commission fraud charges and the UK tax on bank executive bonuses.
The aviation industry's largest airshow was shifting its focus to military firepower on Tuesday against a backdrop of tighter budgets, while commercial air carriers were still buying planes in bulk.
Emerging markets were in high demand in mid July, with bond fund inflows at a record, as investors chose dynamic developing economies over lagging advanced markets, EPFR Global said on Tuesday.
Emerging market equity funds tracked by EPFR posted combined inflows of more than $3 billion for the week ended July 14, while emerging market bond funds took in $745 million, bringing their year-to-date inflows to an all-time high of $18.5 billion.
Futures for the S&P 500, Dow Jones and Nasdaq were down 0.2 to 0.3 percent at 900 GMT (5 a.m. EDT), pointing to a lower open on Wall Street on Tuesday.
China sounded a gloomy note on Tuesday about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods.
The Australian Dollar opens marginally higher against the greenback this morning at 0.8675.
Speech-recognition software maker Nuance is launching software apps for the Apple iPhone in Britain as the company grows more confident that its voice-to-text technology is ready for global markets.
Onex Corp and the Canada Pension Plan Investment Board are considering a $4.5 billion takeover bid for UK car parts maker Tomkins Plc as the weak British pound encourages two more North American investors to snap up assets.
Car parts maker Tomkins Plc received a $4.5 billion bid approach from a Canadian consortium, the latest example of North American buyers eager to capitalize on sterling weakness to snap up British assets.
Middle Eastern buyers were ready to place some of the largest orders at Farnborough as the global aviation industry's biggest airshow opened in the sleepy southern England town on Monday.
The global aviation industry descended en masse on this sleepy southern England town on Monday for its largest airshow, with Middle Eastern buyers poised to make another massive splash.
With open interest in cardamom futures surging, rumors of a ban on the contract also started circulating until Forward Markets Commission clarified that there would be no ban on cardamom futures.
