IBT Staff Reporter

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Dollar hits 3-year low; gold and Asian stocks march on

The U.S. dollar slid to a three-year low against a basket of major currencies on Thursday, a move which could see it test record lows, while Asian stocks jumped as investors scrambled for higher-yielding assets, particularly in emerging markets.

Gold roars to all-time high for fifth straight session

Bullion powered to a lifetime high for a fifth consecutive session on Thursday on a sharply weaker dollar, while lingering tensions in the Arab world, worries about the euro zone crisis and U.S. fiscal health offered additional support.

ISRO successfully launches three satellites (PHOTOS)

The Indian Space Resource Organisation (ISRO) successfully launched PSLV (Polar Satellite Launch Vehicle) C16, carrying the remote sensing satellite Resourcesat-2 and two auxiliary satellites, from the Satish Dhawan Space Centre Wednesday morning.

Obama, Zuckerburg get cosy with chat on clothes

With Mark Zuckerburg admitting that he was kind of nervous in his opening remarks while hosting Barack Obama at the Facebook headquarters, the young entrepreneur and the president sought comfort in a trivial yet hilarious chat about clothes.

Dollar hits 3-yr low; gold, Asian stocks march on

The U.S. dollar slid to a 3-year low against a basket of major currencies and Asian stocks jumped to a 3-year high on Thursday, as investors scrambled to get in front of upward momentum in higher-yielding assets, particularly in emerging markets.

Qualcomm beats Street, raises 2011 targets

Wireless chip maker Qualcomm Inc posted better than expected quarterly results and raised its full-year financial targets on improving demand for advanced phones, sending its shares up almost 5 percent.

Dollar at 2-1/2-year low, gold near record high

The U.S. dollar slid to a 2-1/2-year low against a basket of major currencies and Asian stocks were poised to hit a 3-year high on Thursday, as investors scrambled to get in front of upward momentum in higher-yielding assets, particularly in emerging markets.

Western Digital Q3 profit falls, sees weak Q4

Western Digital Corp posted lower third-quarter results as higher sales of tablet devices led to lower demand for its hard disk drive from PC makers, and forecast fourth-quarter adjusted profit below Wall Street view.

Rolls-Royce sees hefty sales increase in Q2

Luxury automaker Rolls-Royce Motor Cars should more than double sales in the second quarter, in large part because of its Ghost model, David Archibald, president of Rolls-Royce in North America, said on Wednesday.

Nissan: U.S. market share may fall due to parts

There is a risk that Nissan Motor Co's <7201.T> U.S. market share, which has been on the rise, may fall due to a lack of auto parts from Japan, North American Chairman Carlos Tavares said on Wednesday.

AmEx profit rises but costs soar; shares dip

American Express Co's first-quarter profit rose 33 percent from a year ago, beating expectations, but its expenses soared 19 percent, and shares in the credit card lender and processing network fell 1.8 percent.

Yum sales surprise, up on strength in China

Yum Brands Inc , the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, reported higher-than-expected quarterly sales, boosted by growth in China, helping to send its shares up 4.9 percent in after-hours

Smartphone strategy, Japan in focus in Nokia Q1

Nokia investors concerned about dwindling market share are anxious for better news on the tie-up with Microsoft and details of cost cuts when the handset maker posts quarterly figures on Thursday.

Gold powers above $1,500 as inflation worries mount

Gold rallied above $1,500 an ounce for the first time on Wednesday, extending this week's record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped.

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