Gold inches higher as haven buying supports
Gold inched higher in Europe on Tuesday as persistent concerns over the euro zone debt crisis supported safe-haven demand for the metal, but the stronger dollar limited gains.
Yuan weakens vs dollar, volatility remains healthy
The yuan CNY=CFXS weakened slightly against the dollar in the onshore spot market and offshore forwards on Tuesday as investors saw little opportunity for the Chinese currency to appreciate sharply in the near term after the end of the G20 summit over the weekend.
Google to end automatic rerouting from China site
Internet giant Google Inc said it plans to stop automatically redirecting users of its Google.cn site to its Hong Kong page, in a bid to secure renewal of the company's China operating license.
World stocks fall as bank funding worries intensify
World stocks hit a 2-1/2 week low on Tuesday while oil and the euro also slipped as investors grew nervous over the funding situation of banks about to repay 442 billion euros ($545.5 billion) to the European Central Bank.
Oil below $77 as equities drop on debt worries
Oil prices fell 2 percent to below $77 per barrel on Tuesday as stock markets slumped and risk appetite dwindled on renewed worries over euro zone debt.
Gold near $1,235 as rising dollar limits gains
Gold held near $1,235 an ounce in Europe on Tuesday as persistent concerns over the euro zone debt crisis supported safe-haven demand for the metal, but the stronger dollar limited gains.
Stock index futures signal sharp losses
Stock index futures pointed to a sharply lower open on Wall Street on Tuesday, with futures for the S&P 500 down 1.4 percent, Dow Jones futures down 1.1 percent and Nasdaq 100 futures down 1.4 percent at 0930 GMT.
Euro suffers on risk aversion, yen rallies
The euro hit a lifetime low against the Swiss franc and an 8 1/2-year trough versus the yen on Tuesday as stocks weakened and investors braced for a key euro zone refinancing programme to expire this week.
Europe told G8 may use public funds for banks-Nikkei
Europe told the G8 summit it may consider spending public funds to inject capital into banks depending on the outcome of stress tests now under way in the region, Japan's Nikkei business daily reported on Tuesday.
Nikkei turns negative as yen advances
Japan's Nikkei average slipped 0.6 percent on Tuesday, erasing earlier gains as exporters fell on a stronger yen and charts remained grim, with the benchmark poised for its worst quarter since Lehman Brothers failed in 2008.
Euro suffers on ECB refi expiration jitters
The euro slumped to a lifetime low against the Swiss franc and a 1-1/2-year trough versus sterling on Tuesday, stung by liquidity concerns before a key euro zone refinancing program expires this week.
Euro extends losses, hits 8 1/2-yr low vs yen
The euro hit an 8 1/2-year low versus the yen on Tuesday as the single currency struggled broadly due to investor jitters about liquidity issues before a euro zone refinancing programme expires this week.
Asia shares slip while debt puts euro on defensive
Asian stocks fell on Tuesday and were on course for their worst quarterly performance since the end of 2008, while funding concerns in the euro zone sent the single currency tumbling to a record low against the Swiss franc.
Court strikes down part of Sarbanes-Oxley law
The Supreme Court on Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies' auditors violated the Constitution.
Euro down on fund jitters, yen up on repatriation
The euro hit a lifetime low against the Swiss franc and a three-week trough versus the yen on Tuesday on funding jitters ahead of a deadline for European banks to repay money to the European Central Bank.
Asia shares slip and debt puts euro on defensive
Asian stocks were on course on Tuesday for their worst quarterly performance since the end of 2008, as the tepid nature of rich world's recovery from global recession keeps investors on the defensive.
Yuan steadies vs dollar, volatility remains healthy
The yuan was little changed against the dollar in the onshore spot market and offshore forwards on Tuesday as investors saw little opportunity for the Chinese currency to appreciate sharply in the near term after the end of the G20 summit over the weekend.
Oil drops to $77 with equities
Oil fell as much as 1.7 percent to below $77 on Tuesday as forecasts indicated tropical storm Alex would skirt the main production region in the U.S. Gulf of Mexico, limiting disruption there to a few precautionary shutdowns.
Gold rebounds after failure to test record
Gold bounced on Tuesday after a volatile session the previous day, when it nearly touched last week's all-time high before a firmer U.S. dollar triggered heavy selling from speculators.
Euro on defensive, yen advances while Swissie firm
The euro was under pressure on Tuesday, slipping against the yen and holding near its latest record low against the safe-haven Swiss franc as funding concerns in the euro zone made investors nervous.
Gold stays near $1240 in Asian trade
Gold prices gained momentum on bargain hunting in Asian trade Tuesday despite broad drops by all major commodities.
Gold for immediate delivery was seen trading at $1239.69 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1,241.7 an ounce.
Baidu to hire U.S. engineers to work in China
Baidu Inc, China's leading search engine, will start hiring software engineers directly from the United States early next month, as it seeks to expand its technological capabilities and raise its global profile.
Special Report: 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.
International educ industry looms over student downturn results
The international education industry expressed its worries on the slow demand of international students coming in to the country and is seeking a discussion with Senior Labor minister Simon Crean.
Barnes & Noble loss grows
Barnes & Noble Inc reported a larger quarterly loss as it invested in its Nook electronic reader and e-books, and forecast a loss for its first quarter.
Australia PM under pressure to cut mine tax deal
Australian Prime Minister Julia Gillard said she was confident of resolving a dispute with miners over a controversial tax, amid speculation she could call an election within weeks to capitalize on a government surge in opinion polls.
IMF approves 3rd tranche of $2.6 billion Sri Lanka loan
The International Monetary Fund said on Tuesday it had approved the disbursement of the delayed third tranche of a $2.6 billion loan to Sri Lanka.
NSW gets $434M for better education system technology
The New South Wales will invest $439 million in education system's information technology and communication projects.
Ambulance delay in Victoria gets worse
Controversies regarding Victoria's ambulance service has been raised again after a Kyneton woman was transported to a hospital in Melbourne after three and a half hours.
Health professionals advocate road safety precautions
Curtin University is holding a Healthy Roads initiatives to lessen the fatalities and injuries on the road.