IBT Staff Reporter

Greek banks are being hit by a wave of redemptions as rich citizens and companies look to move their money to big global banks or offshore as the country's debt crisis rages, the Telegraph newspaper reported on its website.

Stock index futures pointed to a lower open on Tuesday as investors worried over a report Greece wants to renegotiate a financial aid package and the prospect of rising interest rates.

Treasury Secretary Timothy Geithner said he was confident that China would see that it is in its own interest to make its currency more flexible, and said global economic recovery looks quite strong now.

Greece is not seeking to amend an EU-IMF safety net agreement, a top finance ministry official said, trying to calm markets that ditched Greek assets and the euro after a flurry of news suggesting Athens' debt crisis was worsening.

Stock index futures edged lower on Tuesday after a report Greece wants to renegotiate a deal it struck for financial aid reignited concerns about the stability of the debt-ridden country.

The euro fell against both the dollar and yen on Tuesday on renewed worries about Greek debt but European equities hit fresh 18-month highs, outperforming flat global share markets.

U.S. stock index futures dipped on Tuesday ahead of the release of minutes from the U.S. Federal Reserve, likely to provide clues to the Fed's thinking on interest rates, while the Dow approached the 11,000 mark for the first time since September 2008.

The euro fell against both the dollar and yen on Tuesday on renewed worries about Greek debt while world shares were flat with Europe higher.

CHILDREN as young as eight are being coached by private tutors in how to pass the tests that form the basis of performance ratings on the My School website.

The University of Melbourne's faculty of business and economics is to expand further into executive education, potentially treading on the turf of the Melbourne Business School.

Network equipment maker Cisco Systems Inc said on Tuesday it was upgrading its servers, stepping up competition against more established players in the market like HP and IBM.

Top U.S. coal miner Peabody Energy raised its offer for Australia's Macarthur Coal to $3.27 billion, but the new offer was below Macarthur's market price, suggesting the bidding could go higher.

U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.29 percent, Dow Jones futures down 0.16 percent and Nasdaq 100 futures down 0.16 percent at 3:30 a.m. EDT.

Samsung Electronics Co Ltd should beat its record first-quarter profit in the coming two periods as the world's largest semiconductor and flat-screen TV maker rides a broad global technology recovery.

The TAC and optometrists have warned that there will be more Australians who have difficulties in seeing the road after dark, with the end of daylight savings.

Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported.

Asian stock markets rose to three-month highs on Tuesday, extending a two-week rally fueled by strong U.S. economic data and a seeming thaw in U.S.-China tensions over the yuan.

Top U.S. coal miner Peabody Energy raised its offer for Australia's Macarthur Coal to $3.27 billion, but the new offer is at a discount to Macarthur's last trading price.

A new “super sunscreen” may be required to cut down Australia’s 900 melanoma deaths per year. Scientists from the University of Queensland are investigating the effectiveness of highly protective sunscreens and whether a more potent version is needed.

The sudden death of the young mother, Claire Murray, 25, has triggered more controversy over the liver loan given by the West Australian government, which cost $258,000.

A program design to support women during cancer treatment is being offered for the first time at Yarra Ranges Health in Lilydale.

This coming May you can help in the fight against cancer by simply making your own cuppa and take part in Cancer Council's popular annual fundraiser, Australia's Biggest Morning Tea.

Orchardists in Victoria have been given the opportunity to taste new varieties for pears after years of their breeding process.

The scientists at the University of Queensland are investigating the effectiveness of highly protective sunscreens and whether a more potent version was needed and required.

Greece's government, concerned that the IMF would impose tough conditions in exchange for aid, wants to amend a deal struck at an EU summit last month to bypass an IMF financial contribution, senior government sources in Athens told Market News International.

Asian stock markets rose to three-month highs on Tuesday, extending a two-week rally fueled by strong U.S. economic data and a seeming thaw in U.S.-China tensions over the yuan.

Toyota Motor Corp faces a proposed $16.4 million fine from U.S. regulators who said the automaker knowingly delayed a massive recall for defective accelerator pedals.

Samsung Electronics Co Ltd said it was on track to top market forecasts with a record quarterly profit thanks to a strong recovery in its flagship chip business, the world's largest.

Toyota Motor Corp faces a proposed $16.4 million fine from U.S. regulators, the maximum penalty allowed under current laws, after the automaker failed to notify the government in a timely way about accelerator pedal flaws that were the subject of a massive recall in January.