Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
Stocks climbed on Tuesday as natural resource shares rose alongside commodities and Kraft's bid for Cadbury buoyed hopes that more merger and acquisition activity was on the horizon.
Challenges of Slow Growth; Falling Tensions; Bottoming Airlines
Prospects for a new U.N. climate pact in Copenhagen have brightened but negotiations must speed up to meet a December deadline, the head of the U.N. Climate Change Secretariat said on Tuesday.
The board of General Motors Co convenes in Detroit this week for the second time since the automaker emerged from bankruptcy under mounting pressure to reach a deal on the future of its Opel business.
Smithfield Foods Inc reported on Tuesday a larger-than-expected first-quarter loss due to low hog prices and a drop in pork sales because of the H1N1 flu and the recession.
Honda Motor Co will maintain the target for lease sales of its newest fuel-cell car after over a year since its launch despite the challenge of boosting productivity, the model's chief engineer said.
UBS has put some of its worst problems behind it but still needs to work hard to rebuild its badly damaged reputation, the Swiss bank's chief executive told employees in an internal memo on Tuesday.
Deutsche Telekom AG and France Telecom SA plan to merge their British mobile units, responding to intense competition with a venture that would grab top spot in the crowded UK market.
Smithfield Foods Inc reported on Tuesday a larger-than-expected first-quarter loss due to low hog prices and a drop in pork sales because of the H1N1 flu and the recession.
Roche Holding AG named the architect of its integration with Genentech to head its drugs business, closing a $47 billion buyout that sets the U.S. biotech at the heart of the Swiss group's growth plans.
U.S. actor George Clooney plays a New Age hippie soldier trained for psychic, peaceful combat in a comedy set during the war in Iraq.
Oil traded higher on Tuesday by nearly $3 at one point as investors quenched a growing risk appetite for tangible commodities against the background of a weakening dollar and the looming prospect of inflation.
Airbus on Tuesday rejected U.S. calls to renounce government loans for its next airliner after the WTO gave a preliminary ruling against earlier loans, while a Boeing executive hit out at unfair subsidies.
The Obama administration's ambitious plan to overhaul U.S. financial regulation was bogged down in Congress as it returned from a long recess on Tuesday.
Lebanon's opposition groups formally informed the president on Tuesday of their rejection of a proposed government line-up by prime minister-designate Saad al-Hariri, raising the possibility that Hariri will step aside.
Afghanistan's U.N.-appointed election watchdog said on Tuesday it had found clear and convincing evidence of fraud in last month's presidential election and ordered a recount of suspicious returns.
Luxury sportscar maker Koenigsegg has presented the Swedish government with a new plan for financing its purchase of Saab Automobile GM.UL, a government official said on Monday.
China's passenger cars sales in August rose 90.18 percent from a year earlier, the China Association of Automobile Manufacturers said on Tuesday, paving the way for record sales for the full year.
Wall Street was set to open nearly 1 percent higher on Tuesday as rising commodity prices and an uptick in merger and acquisition activity fueled hopes the economy is strengthening.
China's export-dependent solar panel makers are seeing a glimmer of light at the end of the tunnel after a difficult year fighting a global credit squeeze and a spate of project delays, a senior industry executive said.
The German government called for clarity from General Motors on its long-term plans for Opel should the U.S. carmaker reverse course this week and decide to keep its European business.
