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Geithner says zeal for bank reform intact

Treasury Secretary Timothy Geithner insisted on Saturday that major economies were not easing up on their commitment to stiffen the rules for banks just because the global economy was recovering.

G7 focuses on Europe debt

Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.

G7 mulls threat from euro debt woes

Finance chiefs from the world's rich powers opened an icy summit on Friday mulling how to prevent worry about deepening southern European debt from derailing an already fragile global recovery.

Allen Stanford's liquidators, receiver in talks

A dispute over control of $370 million in assets traced to accused Ponzi schemer Allen Stanford is holding up disbursement of the funds, but the liquidators and the receiver in the case are in talks to settle the matter, liquidators for Stanford's Antigua bank said on Friday.

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Test of artificial pancreas offers diabetes hope

Researchers from Britain's Cambridge University tested the device on 17 children with type 1 diabetes during a series of nights in hospital and found it kept their blood sugar levels within the important normal range for 60 percent of the time.

NAB talks to partners on RBS branches: sources

U.S. private equity firm Blackstone and British buyout firm Resolution Group have talked to National Australia Bank about teaming up for its possible bid for more than 300 Royal Bank of Scotland branches, people familiar with the matter said.

Four British legislators charged over expenses

British state prosecutors said on Friday they would charge four legislators with false accounting over alleged abuses of the parliamentary expenses system.

OECD sees improved outlook

The outlook for recovery in most of the world's major economies improved in December but the indicator for China dipped slightly, according to an OECD survey released on Friday.

Kraft gets over 75 percent of Cadbury, to delist shares

Kraft Foods on Friday said it had 75.41 percent acceptances from Cadbury Plc shareholders by 1900 GMT on February 4 in its takeover of the British confectioner and will now move to delist Cadbury no earlier than March 8.

Daily Forecast - 5/2/2010

The Australian Dollar opens sharply lower today against the greenback at 0.8650 dragged down by a lower Euro and weaker global stocks and commodity prices overnight.

Toyota's $2 bln recall hit to keep it in the red

Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.

Toyota's $2 billion recall hit to keep it in the red

Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.

Europe assets sell heavily on sovereign debt concerns

Nearly all Europe-related stocks, bonds and exchange traded funds are selling heavily during the morning New York session.

Toyota fixes Prius problem as recall hits $2 billion

Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.

UK, India agree text on civil nuclear cooperation

Britain and India have reached an outline agreement on cooperation in the nuclear fuel sector, British Business Secretary Peter Mandelson said on Thursday.

Daily Forecast - 4/2/2010

The Australian Dollar opens lower against the greenback today at 0.8815 after mixed local trade data released yesterday.

Iran says launches satellite rocket

Iran said on Wednesday it had launched a Kavoshgar-3 rocket capable of carrying a satellite -- a move that may add to Western concern about Tehran's nuclear program.

Iran makes new nuclear offer

President Mahmoud Ahmadinejad said on Tuesday Iran was ready to send its enriched uranium abroad in exchange for nuclear fuel, and a U.S. official said Washington was prepared to listen if Iran was making a new offer to break an impasse over its disputed nuclear program.

Daily Forecast - 3/2/2010

The Australian Dollar opens lower today at 0.8840 after a busy 24 hours. In a decision that surprised financial markets, the Reserve Bank of Australia left interest rates on hold yesterday at 3.75 per cent causing the currency to dive one US cent in a matter of minutes.