Goldman Sachs eyes Slovenian top bank: report
Goldman Sachs is interested in taking over Slovenia's largest bank Nova Ljubljanska Banka , daily paper Finance reported on Friday, citing unofficial government sources.
Dollar falls and European shares slip on U.S. fears
The dollar fell to an eight-month low against the yen on Friday while European and Asian shares slipped on worries U.S. growth data due later in the day may show the world's biggest economy is losing steam.
Samsung Elec sees weak profit after record Q2
Samsung Electronics , the world's No.1 memory chipmaker, warned of weaker margins and profit growth after posting record quarterly earnings, as prices of chips and flat screens drop and smartphone competition grows.
Nomura and Macquarie hit by fewer deals and frail markets
Japan's Nomura Holdings Inc and Australia's Macquarie painted a bleak picture of Asia's investment banking industry, citing a dearth of deals and frail markets.
Gold rises as jewelers buy
Gold gained on Friday as jewelers across Asia replenished stocks and other physical buyers snapped up bullion ahead of U.S. second quarter GDP data that will offer clues on the direction of the economy.
With worries about the debt crisis in Europe diminishing, gold could attract safe-haven buying as growth in the U.S. economy probably slowed in the second quarter on reduced consumer spending.
Gold eases ahead of key US data
Gold eased in thin Asian trade Friday, ahead of a key US second quarter GDP data, as the greenback rebounded against the euro.
Gold for immediate delivery was seen trading at $1167.08 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,167.1 an ounce.
Asia stocks slip on U.S. worries
Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason to book profits from a steady rally this month.
Growing smartphone battle seen hitting vendors' profits
An increasingly heated battle in the global smartphone market is set to weigh on handset vendors' profit margins during the remainder of the year, analysts said on Friday.
Dollar hits 8-month low vs yen on U.S. worries
The dollar fell to an eight-month low against the yen on Friday, hurt by selling from Japanese exporters and concerns that U.S. GDP data would add to signs of fading momentum for the U.S. economic recovery.
Oil rises for first time in week as dollar weakens
Oil prices rose on Thursday as the dollar weakened to a 12-week low against the euro, boosting demand for oil priced in dollars, and after European data showed eurozone economic sentiment has improved.
Dollar on defensive, eyes on GDP
The dollar eked out small gains against the euro in early trade on Friday, but remained on the defensive near a three-month low against a basket of currencies on concerns U.S. growth may be disappointingly weak.
Gold ticks lower, awaits U.S. Q2 GDP data
Gold edged down on Friday after the dollar firmed against the euro, but trading was thin as investors awaited the release of U.S. second quarter GDP data for clues on the direction of the economy.
Uncertainty looms over palladium
Palladium, which has been hoping to perform better in the coming months with auto sales zooming in several countries, witnessed a turbulent month in July.
Antwerp diamond firms to sparkle at India show
Fourteen diamond companies from Antwerp, Belgium, will exhibit in the Antwerp Diamond Pavilion at the 27th India International Jewellery Show in Mumbai from August 19 to 23.
Fed's Bullard: deflation risk has risen
St. Louis Federal Reserve Bank President James Bullard said the risk of deflation in the United States has risen somewhat compared with the beginning of this year, the Nikkei newspaper reported.
Samsung Elec posts record Q2 on strong chip sales
Samsung Electronics Co, the world's top maker of memory chips and flat screen TVs, reported a record quarterly profit on Friday, aided by strong sales of both of its key products.
Citigroup to pay $75 million to settle SEC charges
Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
TeleNav shares sink on revenue worries on Sprint deal
Navigation technology company TeleNav Inc warned that a contract renegotiation with its largest customer could lead to a fall in revenue, sending its shares down 16 percent in extended trade.
SEC charges Wyly brothers with $550 million fraud
The Securities and Exchange Commission charged the billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors.
Global body proposes rule to end insurer black box
A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a black box that keeps them in the dark.
Google says China search block may be tech glitch
Google Inc said its earlier report that Internet search services in China were being fully blocked could have been the result of a technical glitch that overstated the problem.
Australian Dollar Outlook 30/7/2010
The Australian Dollar has opened around USD0.9000 this morning after trending higher in the early part of the European session.
MetLife posts Q2 earnings of $1.5 billion, beating Street
MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad.
Microsoft talks up tablets, shows off new phones
Microsoft Corp set out its ambitions to dominate the consumer electronics market on Thursday with Windows-powered tablet computers and smartphones designed to beat back advances by Apple Inc and Google Inc.
Daily Forex Commentary 30/7/2010
The Aussie dollar staged a remarkable recovery over the last 24 hours rallying from a post inflation report low of 0.8904 to trade at a high of 0.9040 overnight.
Analysts' View: Google says search service blocked in China
Google Inc said its Web search and mobile services in China were blocked on Thursday, weeks after Beijing agree to extend the company's Chinese webpage license.
BNP hires ex BofA executive Innes for equity sales
BNP Paribas SA has hired former Bank of America Corp executive Chris Innes to head equity sales for the Americas in New York, a person familiar with the matter said.
Google says report of China search block may be glitch
Google Inc said on Friday the firm's report that web searches in China were being blocked could have been the result of its own technical glitch that overstated the problem.
McAfee profit tops Wall Street target
McAfee Inc, the No. 2 security software maker, reported better-than-expected profit on Thursday, lifted by growth in its consumer business.
Microsoft shows off new Windows smartphones
Microsoft Corp showed off prototype phones featuring its new mobile software to Wall Street analysts on Thursday, but is yet to set a date for their rollout beyond availability this holiday shopping season.