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'Headwinds' should keep RBA at bay

The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.

BOJ easing likely if Tokyo intervenes in FX market

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The Bank of Japan is expected to ease monetary policy this week to support a fragile economic recovery if the yen continues to rise quickly enough to trigger currency intervention, sources familiar with the central bank's thinking said.

Bank of Korea buys gold, first time since '97-'98

The Bank of Korea governor Kim answers a reporter's question during a news conference after a rate setting meeting at the bank's headquarters in Seoul
South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
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Japan signals in contact with U.S., Europe on strong yen

Japanese Finance Minister Yoshihiko Noda signalled on Tuesday that Tokyo is in close touch with European and U.S. counterparts on the yen's strength, but declined to say if it would sell the yen to rein in its surge in value.
Gold steady below record; debt talks eyed

Gold flat after South Korea buy

Gold was flat in early trade on Tuesday, supported by the gold purchase by South Korea's central bank, while investors watched the outcome of a vote on the debt deal.
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Magnetic field exposure linked to asthma risk

Children whose mothers had high exposure to electromagnetic fields while pregnant may have an increased risk of developing asthma, U.S. researchers said on Monday in a study that adds to an ongoing debate.
At Issue: U.S. Debt Deal

House Easily Passes Debt Deal Bill, 269-161; Senate Is Next

The bill, which will cut federal spending by up to $2.4 trillion over 10 years, raises the debt ceiling, and now goes to the Senate, where that chamber is expected to vote on it, and pass it, by Tuesday, late afternoon. If all goes as planned, the bill will be on President Obama's desk, and his signature will avert a default.
Kings of Leon Caleb

Kings of Leon Tour Cancels Remaining US Tour

The group's rep released a statement saying "We are so sorry to say Kings of Leon are canceling their entire US tour due to Caleb Followill suffering from vocal issues and exhaustion. The band is devastated, but in order to give their fans the shows they deserve, they need to take this break."
Russian Prime Minister Putin answers questions from the audience during his visit to the summer camp of the pro-Kremlin youth group "Nashi" at lake Seliger

Putin says U.S. is a "parasite" on global economy

Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.

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