BP will seek to patch up its battered share price by reassuring investors the cost of cleaning up the oil spill in the Gulf of Mexico is manageable and will not affect dividends, British media reported on Wednesday.
Prudential Plc said on Wednesday it is withdrawing from its effort to buy AIG's Asian life insurer, an expected move by the U.K. group after AIG turned down a $30.4 billion offer for the company.
(Reuters) - Americans inhale more cancer-causing agents with their cigarettes, probably because of the tobacco blend, while smokers in Canada, Britain and Australia get less, U.S. researchers reported on Tuesday.
Talks between British Airways Plc and officials from the Unite trade union were adjourned on Tuesday with no agreement reached to resolve a dispute with cabin crew staging the latest in a series of strikes.
Summers are filled with ice cream and picnics, swimming pools and festivals, and this year the festivals are bigger and more spectacular than ever before.
A higher than expected inflation gauge reading, solid New Home Sales and an increase in company operating profits all gave the Aussie dollar a boost in local trade yesterday as it recovered from an early morning dip to 0.8425 to push marginally above the 85 cent handle.
Four of five U.S. broadband users are unaware of the speed of their connections, the Federal Communications Commission said on Tuesday.
Four of five U.S. broadband users are unaware of the speed of their connections, the Federal Communications Commission said on Tuesday.
British Airways Plc and officials from the Unite trade union plan were holding talks on Tuesday to try to resolve a dispute with cabin crew staging the latest in a series of strikes.
Prudential Plc's bid for rival AIG's Asian unit was close to collapse after the British insurer failed to secure a price cut, triggering talk it might itself become a takeover target.
Fears oil may continue spewing into the Gulf of Mexico for another two months into the hurricane season wiped $23 billion off BP's market value on Tuesday and sent the cost of protecting its debt soaring.
Dubai Holding's main unit posted a $6.2 billion loss for 2009 and said it may resort to asset sales, sending shares in Dubai sharply lower, in the latest setback to the emirate's troubled finances.
Good morning dear traders, .... there is not much to report of yesterday´s trading day as there have been only little trading chances due to very low volatility in the markets.
The euro and Asian stocks slipped on Tuesday on creeping suspicion that a peak in the recovery has passed and slowing growth in China and Europe in the second half of the year will be obstacles to risky trades.
The euro and Asian stocks slid on Tuesday with creeping suspicion that a peak in the recovery has passed and slowing growth in China and Europe in the second half of the year will be obstacles to risky trades.
The AUD has opening relatively unchanged this morning due to the quiet offshore trading session as the US and UK markets were closed for public holidays.
The Australian dollar opens weaker today at 0.8450 against the US dollar after pushing back from Friday's early offshore rally above 0.8500.
Oil climbed above $74 per barrel on Monday in line with a timid recovery across financial markets, but still logged its biggest monthly loss in 18 months after the European economic crisis raised the prospect of reduced fuel demand.
Oil crept above $74 on Monday in line with a timid recovery across financial markets, but was set for its biggest monthly loss in 18 months after European economic crisis raised the prospect of reduced fuel demand.
Apple Inc said it sold 2 million iPads since launching the touch-screen tablet in the United States nearly two months ago and taking it to nine international markets this past weekend.
In order to extend cooperation in cotton markets, the International Cotton Association and China Cotton Association (CCA) have joined hands to formally acknowledge the cooperation between the two trade associations.
British Airways could face even more strike disruption this summer unless it resolves a dispute with cabin crew over travel perks, the co-leader of Britain's biggest union Unite said on Monday.
