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Oil slips on IEA outlook, rising U.S. fuel stocks

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Oil extended losses below $78 a barrel on Wednesday after U.S. industry data showed a surprise jump in crude and gasoline stocks, and investors looked to government figures later in the day for confirmation.
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Russian president to Silicon Valley: Help!

IPhone chief Steve Jobs and his tech titan friends take an unusual consulting opportunity on Wednesday: helping Russian President Dmitry Medvedev turn around his creaky economy.
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Sands' $5.5 billion bet on Singapore looks to be paying off

Las Vegas Sands' bet on gambling-wary Singapore may be paying off. The world's most valuable casino firm said its $5.5 billion casino resort in the city state is on track to draw up to 150,000 visitors a day once things are in full swing, the highest number for any of its properties worldwide.
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Yuan ends up but excitement fades as c.bank stymies

The yuan CNY=CFXS closed slightly higher on Wednesday after the central bank nudged the mid-point higher, but dollar buying by state-controlled banks suggested that officials were trying to keep currency gains in check.
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Gold moves up on weak stocks

Gold prices continued to trade higher in Asian trade Wednesday mainly on weak equity markets while ETF holdings rose to another record. Gold for immediate delivery was seen trading at $1240.24 an ounce at 11.30 a.m Singapore time while U.S. gold futures for August delivery was at $1240.18 an ounce.
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World stocks retreat on growth fears

European and Asian stocks fell on Wednesday as poor U.S. home sales added to fears about the global economic recovery and optimism over China's new flexible yuan policy faded.
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Asia stocks fall on U.S. data

Asian stocks slid on Wednesday and European markets were expected to follow suit as poor U.S. home sales added to fears about the global economic recovery and optimism over China's new flexible yuan policy faded.
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Apple iPhone 4 has Samsung and Micron chips: report

Apple Inc's hot-selling next-generation iPhone sports chips from Samsung Electronics, Micron Technology and STMicroelectronics, according to an early teardown, or disassembly analysis by technology firm iFixit.
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Euro steady but vulnerable as risk rally fades

The euro held steady on Wednesday but remained vulnerable as a recent risk rally appeared to have run its course and on concerns about the euro zone banking system. A sharp fall in U.S. stocks .SPX the previous day and a subsequent drop in the Nikkei .N225 helped support the dollar and the yen, which are favoured when risk aversion spikes and doubts over the health of the global economy emerge.
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Oil slides for 2nd day on surprise U.S. inventory gain

Oil prices fell for a second day on Wednesday, as much as 1 percent, on unexpected gains in U.S. crude and gasoline stocks in an industry report, while weak U.S. home sales drove equities lower and dampened risk appetite.
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Dollar and yen hold gains, yuan focus ebbs

The dollar and the yen were broadly steady on Wednesday while the euro and high-yielders were on the defensive as a recent risk rally appeared to have run its course and the euphoria from China's new yuan policy waned.
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Hulu in talks with CBS, others for paid TV shows: report

Free video website Hulu is in talks with CBS Corp, Viacom Inc and Time Warner Inc to add their television shows to its planned paid subscription service, Bloomberg reported, citing people with direct knowledge of the discussions.
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Asia stocks fall, U.S. data fuels recovery fear

Asian stocks slid on Wednesday as an unexpected fall in U.S. home sales added to worries about the fragility of the global economic recovery and optimism over China's promise to make the yuan more flexible faded further.
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Fed on sideline, waiting for recovery to firm

The Federal Reserve is expected to renew its promise to hold benchmark interest rates exceptionally low for an extended period on Wednesday and may acknowledge a slight slowdown in the pace of U.S. economic recovery.
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China punctures yuan euphoria, gains to be glacial

China is only three days into its new era of currency flexibility yet it has already succeeded in puncturing market hopes for a money-making surge in the yuan, leaving investors resigned to a glacial rise at best.
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Australian Dollar Outlook 23/6/2010

The Australian dollar lost ground overnight falling a cent to USD0.8700 in a volatile offshore trading session following weaker US housing data and concerns over Europe.
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Barclays CEO says Lehman deal had to have buffer

Barclays Plc chief executive said on Tuesday that he would not have recommended the purchase of Lehman Brothers' core U.S. brokerage business if the deal did not show a gain for Barclays, or at least an even exchange.
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Apple says iPad sales hit 3 million as shares climb

Apple Inc said on Tuesday it sold 3 million iPads since the touch-screen tablet computer hit the market less than three months ago, boosting its stock two days before the company's iPhone arrives on store shelves.

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