Brazilian miner Vale says no rush in China talks
Brazilian mining group Vale is in no rush to finish iron ore price talks with Chinese steelmakers and sees little possibility they could buy ore on spot markets, the company's chief executive said on Thursday.
American intruder key player in Suu Kyi case, police say
The American who swam to the home of Myanmar opposition leader Aung San Suu Kyi was the key player in the case against her and may not have been working alone, the country's police chief said Friday.
Air France says pilot's body identified after crash
The body of the pilot of an Air France plane that crashed into the Atlantic on June 1 has been identified among dozens that have been recovered from the ocean, the airline said Thursday.
Wall Street boosted by retailers and home builders
Stocks rose on Thursday as investors held out hope the economic deterioration was receding, boosting the consumer, technology and home builder sectors.
Porsche free to submit new government aid request: source
Porsche is free to submit a fresh application for state aid, a German economy ministry official said on Thursday, while Porsche said it was already working with state bank KfW to shape a new bid.
Porn hits the iPhone
Apple has ushered in pornography to its iPhone when an application called 'Hottest Girls' was seen on its iTunes App Store. The app costs $1.99 only and includes more than 2200 images of attractive topless women and sexy babes.
Rival bidders provide needed theatrics for Opel deal
Neither the German government nor bankrupt U.S. carmaker General Motors will admit it, but rival suitors for GM's Opel unit are likely just pawns in a high-stakes game of poker with favored bidder Magna.
Live on Television: U.S. politicians confess sins
With a tearful admission and groveling apologies, South Carolina Gov. Mark Sanford on Wednesday became the latest member of a fast-growing club of U.S. politicians -- the penitent sexual wanderers.
Allen Stanford to seek bail in Houston on Thursday
After spending a week in jail, Texas financier Allen Stanford on Thursday will face a U.S. judge who will decide whether the he must remain behind bars while he awaits trial for an alleged $7 billion swindle.
Bernanke says did not threaten BofA over Merrill
Federal Reserve Chairman Ben Bernanke on Thursday again denied threatening Bank of America executives if they halted a merger with Merrill Lynch or pressuring them to withhold bad news about Merrill.
Wall Street rises, retailers gain
Stocks rose on Thursday, reversing early losses, as gains in consumer shares offset jitters about an economic recovery after data showed more workers filed new jobless claims.
Ahmadinejad compares Obama to Bush
President Mahmoud Ahmadinejad accused Barack Obama on Thursday of behaving like his predecessor toward Iran and said there was not much point in talking to Washington unless the U.S. president apologized.
U.S. pulp-maker pioneers new biofuel
From the outside, the rustic red-brick mill on a bend in Maine's Penobscot River resembles any other struggling American pulp and paper mill.
Total may invite Gazprom to join Africa projects
France's Total is ready to invite Russia's Gazprom to join its projects in Africa and elsewhere, the head of Total's Russia unit said on Thursday, a day after striking a major Russian gas deal. We are very open to discussing with a company like Gazprom to have developments abroad including, of course, in Africa, Pierre Nergararyan, general director of Total E&P Russie, told reporters on Thursday.
Health games become serious business
Videogames were once blamed for rising obesity rates but are now being championed by the medical industry and for use by government departments for their health benefits.
Oil rises above $69 on Nigeria attack
Oil rose above $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.
Brazil's Vale may buy stake in Petrobras blocks
Brazilian miner Vale signed a preliminary accord on Thursday with state-run oil company Petrobras to buy a 25 percent stake in exploration rights for oil and gas blocks off Brazil's coast.
U.S. economy contracts less but jobless claims up
The U.S. economy shrank slightly less in early 2009 than previously thought, the government reported on Thursday, though there was widespread weakness in activity and demand was soft.
Wall Street set for weak open after initial claims rise
Wall Street was set for a weak open on Thursday after the number of workers filing new jobless claims rose unexpectedly, as jitters continued to nag that an economic recovery could be tepid.
Jobless claims deflate labor rebound hopes
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.
U.S. jobless claims rose 15,000 in latest week
The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week and the number staying on the rolls after collecting an initial week of aid also edged higher, government data on Thursday showed.
Stanford love emails to Maria Belen Shapur published
The Argentinean woman to whom South Carolina Governor Mark Sanford confessed having an affair with has been identified as Maria Belen Shapur resident of a 14-story building in Buenos Aires and a mother of two sons , one a teenager of driving age and the other younger, according to Terra Argentina today.
Daily Commentary - 25/06/2009
The Australian Dollar opens marginally higher from this time yesterday at 0.7965 after another 24-hour session in which most of the action happened offshore.
Stock futures slide after jobless data
Stock index futures fell on Thursday after government data showed the number of workers filing new claims for jobless benefits unexpectedly rose last week.
Britain says facing growing cyber security threat
Britain warned on Thursday of a growing risk to military and business secrets from computer spies and pledged to toughen cyber security to protect the 50 billion pounds ($82 billion) spent a year online in its economy.
First Solar sees costs down by a third in 5 years
First Solar Inc on Wednesday said it expected to cut manufacturing costs by a third or more over the next five years, mainly by making its solar panels more efficient at transforming sunlight into electricity.
Opposition to cap-and-trade grows in U.S.
Three-quarters of Americans believe the U.S. government should regulate the release of greenhouse gases from cars and factories to reduce global warming, according to a Washington Post-ABC News poll.
BP taps Ericsson CEO as next chairman
Ericsson said its chief executive, Carl-Henric Svanberg, was stepping down to become chairman of BP Plc in a surprise appointment that ends the oil major's fraught search for a successor to Peter Sutherland.
AIG to spin off two units, cut government debt
American International Group Inc , which received $180 billion of taxpayer bailouts, said it will give the government stakes in two big life insurance units that it plans to spin off.
Oil rises to $69 on Nigeria attack
Oil rose above $69 a barrel on Thursday after Nigeria's main militant group shut down one of Royal Dutch Shell's pipeline junction points, heightening concerns about supplies from the region.