Gold ticked lower on Tuesday as early bargain hunting subsided, but investors bet the U.S. Federal Reserve would take further steps to ease monetary policy later in the day, boosting bullion's safe-haven appeal.
The dollar staged a rebound against major currencies on Tuesday as traders pared short positions on looming uncertainty over whether the U.S. Federal Reserve will start a new phase of quantitative easing to deal with a slowing economy.
The U.S. dollar clawed higher against the euro and Asian stocks slipped on Tuesday, as investors braced for the outcome of a Federal Reserve meeting that could disappoint some looking for big policy changes.
The AUD has opened slightly weaker this morning currently trading at USD 0.9160 as many investors square up some positions before the Federal Reserve's meeting tonight.
There is a significant chance the U.S. economy will slip back into recession in the next two years although a reversal is unlikely in the next few months, researchers at the San Francisco Federal Reserve Bank said on Monday.
There is a significant chance that the U.S. economy will slip back into recession in the next two years, although a reversal is unlikely in the next few months, researchers at the San Francisco Fed said on Monday.
Australian's problematic drinking rates are on par with New Zealand and the US, and well above other developed countries such as France, Spain and Germany.
Drought-devastated Russia could extend a grain export ban into next year and may cut its 2010 beet sugar output, reflecting the dimming prospects for crops in the scorched Black Sea bread basket region.
New summer drinks in the United States and longer hours in Europe helped McDonald's Corp sales beat Wall Street forecasts for July and lifted its shares to their highest ever.
Stocks ticked higher on Monday on speculation the Federal Reserve would add liquidity in a move to strengthen the economy just days after a weaker-than-expected jobs report, the latest to suggest the recovery was losing momentum.
Hedge fund investor William Ackman has bought a slice of debt on Stuyvesant Town Peter/Cooper Village and could become the next owner of the sprawling Manhattan apartment complexes.
Sluggish markets and the May 6 flash crash pinched even highflier Goldman Sachs Group Inc in the second quarter, according to the company's quarterly report filed on Monday.
Stocks gained on Monday, lifted by expectations the Federal Reserve will add liquidity to strengthen the economy when it meets on Tuesday, while shares of Hewlett-Packard fell after the chief executive's resignation.
Honda Motor Co said on Monday it was recalling more than 428,000 vehicles in the United States and Canada because of a defect that could cause the cars to roll away if they are parked incorrectly.
Ford Motor is planning to win back its investment grade credit rating that it lost in 2005, the Wall Street Journal said, citing people familiar with the situation.
Saudi Arabia told the kingdom's telecom operators on Saturday to test a proposed fix to the perceived national security threat posed by Research In Motion's BlackBerry smartphones, and said it would not ban service if the test was successful.
Dish Network Corp said it lost satellite television customers in the second quarter due to intense competition and consumers struggling with the economic downturn.
U.S. stocks gained on Monday, lifted by expectations the Federal Reserve will add liquidity to the economy when it meets on Tuesday amid worries of a slowing recovery.
A gauge of the U.S. job market rose in July for the 14th straight month although its pace of increase slowed, suggesting job growth would struggle to keep up with growth in the working-age population, a research group said on Monday.
Mortgage finance giant Freddie Mac (FMCC.OB) on Monday said it would need another $1.8 billion in aid from taxpayers, bringing its total request since it was taken over by the government two years ago to more than $64 billion.
A smaller percentage of U.S. homeowners were saddled with underwater mortgages in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate website Zillow.com said on Monday.
Girls in the U.S. may be continuing to hit puberty at earlier ages, according to new research.
