IBT Staff Reporter

U.S. stock index futures were lower on Tuesday, easing after the previous session's hefty gains and as concerns lingered about how Greece will get its budget deficit under control.

Chinese annual inflation pushed up to an 18-month high in April and property prices rose at a record clip, showing that the government still has its work cut out to keep the world's third-largest economy from boiling over.

U.S. stock index futures were lower on Tuesday, easing after the previous session's hefty gains and as concerns lingered about how Greece will get its budget deficit under control.

SINGAPORE (Reuters Life!) - Nothing makes us happier than our families and loved ones, a new study shows, with face-to-face socializing beating reaching out to people online hands down.

A top Federal Reserve official warned on Tuesday that economies around the world must further rebalance their inward and outward capital flows to prevent a repeat of the damaging crisis of 2007-2008.

Mizuho Financial Group Inc , Japan's second-largest bank by assets, plans to raise about 800 billion yen ($8.7 billion) in common shares to prepare for stricter capital requirements, three sources familiar with the matter said.

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 1.0 to 1.1 percent, pointing to a weaker open on Wall Street on Tuesday.

The euro and stocks fell on Tuesday as a relief rally sparked by a $1 trillion plan to contain Greece's debt crisis gave way to doubts as to how the country will cut its budget deficit.

The euro and stocks fell on Tuesday as a relief rally sparked by a $1 trillion plan to contain Greece's debt crisis gave way to doubts as to how the country will cut its budget deficit.

Chinese annual inflation pushed up to an 18-month high in April and property prices rose at a record clip, showing that the government still has its work cut out to keep the world's third-largest economy from boiling over.

Toyota Motor Corp forecast a slower-than-expected recovery in profits this year as a stronger yen and Europe's debt problems hamper efforts to undo the damage from the worst recall crisis in its history.

At a time when China is tightening its realty industry and which in turn is impacting the demand for steel, Gulf countries have decided to abolish the 5% steel import duty soon to ease supply strain that has been mostly felt in Saudi Arabia. Finance ministers from the six-nation Gulf Cooperation Council (GCC) examined the proposed measure at a meeting. There is consensus among GCC countries about this proposal.

World's leading ethanol producer Brazil is considering wide spread campaign on promoting sustainable biofuel for use in air transport. An alliance of aircraft manufacturers in Brazil, the Brazilian Alliance for Aviation Biofuels (Abraba), arrived at the decision based on cost of fuel and protecting the environment.

World oil prices extended gains in Asian trade Tuesday mainly after policy makers agreed on a trillion dollar emergency package to help Euro zone coming out of debt crisis. Light sweet crud for June delivery was seen trading at $77.11 a barrel at 11.00 a.m Singapore time while Brent crude was at $80.35 a barrel at the same time.

National Food Authority of the Philippines said Tuesday, country's rice inventory totaled 2.77 million metric tons as of April 30, from 2.25 million tons in March. The NFA estimated that total rice stocks in April would last for 77 days. Stocks in government warehouses would be good for 35 days, while those in commercial warehouses would last for 12 days and household stocks for 30 days.

Gold prices edges up in Asian trade Tuesday but remained highly volatile as investors ditched the euro on fears the euro zone debt crisis would spread beyond Greece. Gold for immediate delivery was seen trading at $1202.01 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1,201.7 an ounce.

Toyota Motor Corp beat forecasts with a fourth-quarter profit on Tuesday as it cut costs and its aggressive sales incentives swiftly drew U.S. customers back to showrooms after its worst recall crisis.

A massive relief rally in financial markets on news of a $1 trillion deal to resolve Europe's debt crisis fizzled on Tuesday on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.

The U.S. Treasury has managed to negotiate prices for warrants from bailed out banks at prices largely at or above estimated values, but it needs better controls over its bargaining process, a government watchdog said on Tuesday.

A massive relief rally in financial markets on news of a $1 trillion deal to resolve Europe's debt crisis fizzled on Tuesday on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.

A massive relief rally in financial markets on news of a $1 trillion deal to resolve Europe's debt crisis fizzled on Tuesday on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.

Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.

Excitement over the euro zone's mammoth $1 trillion rescue package gave way on Tuesday to doubts whether its weakest economies can meet their end of the bargain and deliver drastic debt cuts, driving the euro and stocks lower.

A massive relief rally in world stocks on news of a $1 trillion deal to resolve Europe's debt crisis slowed down on Tuesday in Asia on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.

Ottawa - The Canadian Food Inspection Agency has issued a warning recalling on certain processed meat products which was contaminated with Listeria.

Fidelity Investments, the giant mutual fund firm, has shuffled top management, expanding the duties of Abigail Johnson, the daughter of its chief executive, and hiring a top Bank of New York Mellon Corp executive to run its asset-management business.

Taiji, Japan - The villagers of Taiji were lab tested to have dangerous high mercury levels, likely because of their fondness for dolphin and whale meat. The village has been recently depicted in the Oscar documentary titled The Cove.

Although heartburn drugs may ease digestion problems but too much of it could pose some health risks. Studies have shown that overuse of heartburn drugs can cause serious side effects and should be used with caution.

Toyota Motor Corp came under new scrutiny on Monday over its recall practices just after the Obama administration said the company was paying closer attention to safety matters.