Gold edges down on conflicting reports
Gold prices dropped below $1240 in Asian trade Thursday mainly on conflicting reports over global economic situation.
Gold for immediate delivery was seen trading at $1239.84 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,241.7 on the Comex in New York.
Amazon launches cheaper Kindle
Amazon.com Inc is launching an improved Kindle electronic reader and cutting the price, in a move to address the threat from Apple Inc's iPad tablet computer.
Fed officials see soft recovery and more uncertainty
Jitters that financial strains may derail the U.S. economic recovery mean the Federal Reserve will be in no rush to end its ultra-low interest rates, comments by officials of the U.S. central bank suggested on Wednesday.
Asia stocks and commodities fall on China slowdown
Asian stocks and commodities began the second half of the year on a sour note on Thursday, with Japanese stocks sliding to a seven-month low after manufacturing data showed China's rapid economic growth was slowing.
Ex-AIG's Cassano says bailout was too generous
The former head of the AIG unit that nearly crippled the insurer said the 2008 taxpayer bailout of up to $182 billion was too generous to customers like Goldman Sachs.
Google's China operating license under review: Xinhua
Google's application to renew its operating license in China is being reviewed by the government and the results will be posted soon, Chinese state media reported.
China industry moves down a gear, PMI poll shows
The pace of Chinese manufacturing growth slowed in June as government steps to cool the red-hot property market and restrain bank lending combined with uncertainty over export prospects to dampen sentiment.
AIG CEO threatened to quit if chairman stays: report
American International Group Inc Chief Executive Robert Benmosche said last week he would quit unless Chairman Harvey Golub leaves the company, Bloomberg reported on Wednesday.
Aussies show signs of stress - survey
A survey revealed on Thursday that nine out of 10 over 18 years old have showed symptoms of stress in 2010.
U.S. authorities seize websites over pirated movies
U.S. authorities seized nine websites on Wednesday, accusing them of movie piracy by offering free access to movies such as Toy Story 3.
Goldman's Cohn spending more time with clients
Goldman Sachs Group Inc President Gary Cohn said he's working overtime these days to stay in touch with clients as the firm weathers its battle with regulators.
BPA-content baby bottles taken out from stores
Health regulators will soon be taking out baby bottles that contains chemicals in Australian stores.
Microsoft pulls plug on Kin phones
Microsoft Corp has pulled the plug on a new generation of smartphones less than three months after the company unveiled the devices in an attempt to catch-up with Apple and Google in the fast-growing mobile market.
ETFs, more stocks face trade halts in U.S. proposal
Hundreds of additional stocks and 344 exchange-traded funds face trading curbs under a proposed expansion of the circuit breakers that were adopted in response to May's severe flash crash.
Japan business mood best in 2 years
Japanese business confidence was at its best in two years in the three months to June and big firms revised up capital spending plans, a Bank of Japan survey showed, in a sign the export-driven economic recovery is taking hold.
Amazon to acquire online store Woot
Amazon.com Inc said on Wednesday it signed an agreement to acquire online store Woot.com, which sells discounted products and operates an online community, for an undisclosed sum.
WTO panel slams EU aid for Airbus
World Trade Organization judges gave the European Union a stinging rebuke on Wednesday, saying the EU must axe prohibited export subsidies to plane-maker Airbus which had injured U.S. rival Boeing .
Japan business mood improves, capex up: tankan
The mood among Japanese businesses turned positive for the first time in two years and big firms revised up capital spending plans, a Bank of Japan survey showed, in a sign the export-driven economic recovery is taking hold.
Abbot gets praise for his $1.5B pledge on mental health services
Opposition leader Tony Abbot's election pledge of $1.5 billion to boost mental health services were received warmly by experts.
Yahoo board approves $3 billion stock buyback
Yahoo Inc approved a plan to repurchase up to $3 billion of its common stock over the next three years, the company said on Wednesday.
Moody's puts Spain top rating on review for cut
Moody's Investors Service said on Wednesday it is reviewing Spain's ratings and may lower them by as much as two levels due to sliding growth expectations and mounting fiscal challenges.
Australian Dollar Outlook 01/7/2010
Renewed concerns over the outlook for global growth have spurred another sell off in the commodity currencies, sending the AUD back through USD0.8400 overnight.
Patel faces court time for sentencing hearing
Former Bundaberg surgeon Jayant Patel, 60, will be summoned in court on Thursday for his sentencing hearing for killing three patients and permanently injuring another one.
Obama: Pressing China on currency to make trade fair
U.S. President Barack Obama on Wednesday maintained pressure on China to ensure its currency policy did not give it an unfair export advantage.
Fossil of monster whale that ate whales for breakfast found
Scientists have discovered, journal Nature reported, fossils of an ancient monster whale that preyed on other whales. The beast has been named Leviathan Melvillei after the author of Moby Dick.
U.S. moves to expand circuit breakers to more stocks
More stocks and certain exchange traded funds would face trading curbs when markets are in free-fall, the Securities and Exchange Commission proposed on Wednesday.
Rogers to launch new low-cost wireless brand
Rogers Communications Inc said on Wednesday it plans to launch a low-cost unlimited talk- and text-only mobile phone brand, taking aim at a market targeted by a bunch of new wireless entrants.
Wall Street reform bill wins final House approval
The biggest overhaul of U.S. financial regulation in decades won final House of Representatives approval on Wednesday, with the Senate not expected to render its verdict until mid-July.
How some textile mills sidestepped Armageddon
To get an idea of how some U.S. textile mills can compete with developing-world rivals who pay far lower wages, roll a bowling ball down one of the production lines at Parkdale Mills' Walnut Cove yarn plant.
Obama: Republicans out of touch over bank reform
U.S. President Barack Obama launched a broad attack against Republican lawmakers on Wednesday, calling them out of touch with ordinary Americans for opposing Wall Street reform and siding with Big Oil.
