MARKETS / FINANCE

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US gold hits near-3 month high on safe-haven demand

U.S. gold rose to its highest since January on Wednesday, rising toward $1,150 an ounce, as renewed worries over Greece's ability to resolve its debt crisis prompted investors to pile into the metal as a safe haven.

Greenspan grilled as bank reform rumbles ahead

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Alan Greenspan -- once revered as the oracle of economic wisdom -- defended his now deeply flawed legacy on Wednesday before a U.S. panel investigating the origins of the 2007-2009 financial crisis.
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Dream Job: Reality or Myth?

What is a dream job? Do you know someone who has the dream job? Is there really such a thing as a dream job ?
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Family Dollar Q2 beats Wall Street, sees strong Q3

Family Dollar Stores reported a higher-than-expected quarterly profit, and forecast earnings that should top Wall Street estimates, as the discount retailer got a lift from extended hours, more profitable private label items and higher acceptance of food stamps.
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Google to face copyright lawsuit by visual artists

Google Inc is expected to be sued by photographers, illustrators and other visual artists who claim the company is infringing their rights by scanning and displaying their work without compensation.
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Wall St to dip as Greece, Treasury auction eyed

Wall Street was set to open lower on Wednesday on worries over Greece's ongoing financing woes and ahead of an auction of 10-year Treasury notes coming amid concerns about rising yields.
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Vodafone to offer Web via Opera in emerging markets

British mobile telecoms group Vodafone said it will launch the Opera Mini browser on low-cost handsets so its millions of users in emerging markets can easily access the Internet, lifting Opera's shares.
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Futures dip; Bernanke, Treasury auction eyed

Stocks indexes futures edged lower on Wednesday as investors were cautious ahead of a speech by Federal Reserve Chairman Ben Bernanke and an auction of 10-year Treasury notes amid concerns about rising yields.
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Greek banks plead for more aid in debt crisis

Greek banks, hit by a series of credit rating downgrades linked to the country's debt crisis, have asked the government for more financial support, Finance Minister George Papaconstantinou said on Wednesday.
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Goldman says did not bet against clients

Goldman Sachs Group Inc said it did not intentionally bet against securities in the mortgage market during the financial crisis, dismissing suggestions that it unfairly made money by placing bets against its clients.
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Stock futures dip; Greek worries return

U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.3 percent, Dow Jones down 0.2 percent and Nasdaq 100 down 0.2 percent at 5:15 a.m. EDT.
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Asian stocks near 22-month highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Asian stocks near 22-mth highs; euro soft

Asian stocks neared 22-month highs on Wednesday as regional investors largely shrugged off festering worries about fiscal problems in Europe and focused on a recovery in the world economy.
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Daily Forecast - 7/4/2010

Nervous long AUD positions were wound down in early Asia yesterday as the local market anticipated the conclusion of the RBA meeting and the impending interest rate decision.
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'DisGrace' of Zimbabwe's diamonds

The world knows very well about the rule of Robert Gabriel Karigamombe Mugabe in Zimbabwe, a country with over 1,00,000 per cent inflation rate. This is despite the country having the best diamond fields in the world. There is a saying in Zimbabwe if you own the diamonds in the country you can buy any African country now.
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Antitrust senator seeks Google/AdMob scrutiny

U.S. antitrust regulators should give close scrutiny to search engine giant Google Inc's planned acquisition of mobile advertising leader AdMob, a leading antitrust senator said on Tuesday.
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The music has stopped; will Citigroup apologize?

Charles Chuck Prince and Robert Rubin are often blamed for hobbling Citigroup Inc , but the former CEO and senior adviser are expected to defend themselves vigorously at a public hearing this week.
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Fed says extended period may last a long time

The Federal Reserve could keep interest rates ultra-low for even longer than investors expect if the economic outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.
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Fed considering policy shift on Treasury holdings

The Federal Reserve is considering allowing maturing Treasury bonds to roll off its portfolio as an alternative way to drain reserves from the banking system, according to minutes from its March meeting.
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FOREX-Euro hurt by Greece worries; Canadian dlr hits parity

The euro fell on Tuesday as reports Greece wanted to amend a European Union aid deal rekindled fear about its ability to resolve its debt crisis. The surging Canadian dollar hit parity with its U.S counterpart for the first time since mid-2008 as rising commodity prices boosted the outlook for higher Canadian interest rates.
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China-based cyber-spies targeted India: researchers

A cyber-espionage group based in southwest China stole documents from the Indian Defence Ministry and emails from the Dalai Lama's office, a group of Canadian researchers said in a report released Tuesday.
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U.S. bank investors: Show me the money

Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
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Wall Street rises on banks, Fed minutes

U.S. stocks gained on Tuesday as the financial sector got a lift from brokers' comments on banks, while minutes from the Federal Reserve's last meeting eased concerns over interest rates.
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Greece battered on markets, denies u-turn on IMF

Markets pushed Greece's risk premium to a euro lifetime high on Tuesday amid growing doubts over the country's capacity to resolve its debt crisis and fresh skepticism about a European Union-International Monetary Fund aid mechanism.

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