IBT Staff Reporter

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Yuan revaluation China's choice: Geithner

China will ultimately decide more yuan flexibility would benefit it, Treasury Secretary Timothy Geithner said on Tuesday as Beijing defended its currency policy and said any changes would be on its own terms.

Daily Forecast - 7/4/2010

Nervous long AUD positions were wound down in early Asia yesterday as the local market anticipated the conclusion of the RBA meeting and the impending interest rate decision.

'DisGrace' of Zimbabwe's diamonds

The world knows very well about the rule of Robert Gabriel Karigamombe Mugabe in Zimbabwe, a country with over 1,00,000 per cent inflation rate. This is despite the country having the best diamond fields in the world. There is a saying in Zimbabwe if you own the diamonds in the country you can buy any African country now.

Homeopathy after a Cesarean Birth

Recovering from a cesarean birth requires much attention and support in order for you to heal properly and within a shorter period of time. A cesarean birth is traumatic to the tissues, muscles, and fascia, and to your emotional body as well. However, there are some nutritional guidelines which can truly make the difference in the healing process and having you feel better physically and emotional...

Mobile phone ring tone 'cures hayfever'

The Japanese firm behind a dog-bark translation machine and mobile phone ring tones meant to attract members of the opposite sex has a new spring offering - a mobile phone application claiming to cure hayfever.

Antitrust senator seeks Google/AdMob scrutiny

U.S. antitrust regulators should give close scrutiny to search engine giant Google Inc's planned acquisition of mobile advertising leader AdMob, a leading antitrust senator said on Tuesday.

Facebook veterans in venture capital spotlight

As Wall Street eagerly awaits signs that Internet sensation Facebook will offer shares to the public, the venture capitalists that prowl California's Silicon Valley are keeping close tabs on another hot commodity: the employees leaving Facebook.

JAL to cut 16,500 jobs

Japan Airlines Corp plans to reduce its workforce by a third within the fiscal year to lower labor costs by 81.7 billion yen a year, the Nikkei business daily said.

The music has stopped; will Citigroup apologize?

Charles Chuck Prince and Robert Rubin are often blamed for hobbling Citigroup Inc , but the former CEO and senior adviser are expected to defend themselves vigorously at a public hearing this week.

Ten indicted on NY home mortgage fraud charges

Two real estate brokers, three lawyers and five others were charged with fraudulently obtaining more than $10 million in home loans from American Home Mortgage Investment Corp and BNC Mortgage, a subsidiary of Lehman Brothers Holdings Inc, U.S. prosecutors in New York said on Tuesday.

Mortgage insurer stocks rally but worries remain

U.S. mortgage insurers' stocks have touched new year-highs on confidence about success of the government's plan to let homeowners keep their homes, but the big question is how much steam the rally has left.

Fed says extended period may last a long time

The Federal Reserve could keep interest rates ultra-low for even longer than investors expect if the economic outlook worsens or inflation drops, minutes from the central bank's last meeting suggested.

Fed considering policy shift on Treasury holdings

The Federal Reserve is considering allowing maturing Treasury bonds to roll off its portfolio as an alternative way to drain reserves from the banking system, according to minutes from its March meeting.

FOREX-Euro hurt by Greece worries; Canadian dlr hits parity

The euro fell on Tuesday as reports Greece wanted to amend a European Union aid deal rekindled fear about its ability to resolve its debt crisis. The surging Canadian dollar hit parity with its U.S counterpart for the first time since mid-2008 as rising commodity prices boosted the outlook for higher Canadian interest rates.

Comcast wins Web traffic fight against FCC

A U.S. appeals court dealt a setback to the Federal Communications Commission's authority to oversee the Internet, tossing out an agency ruling that forced Comcast Corp to change the way it managed its broadband network.

Japan Airlines to cut 16,500 jobs

Japan Airlines Corp plans to reduce its workforce by a third within the fiscal year to lower labor costs by 81.7 billion yen a year, the Nikkei business daily said.

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