IBT Staff Reporter

Hip Hop break-dancer Wayne Frosty Freeze Frost, who performed in the popular 80's film Flashdance died in New York City yesterday at the age of 44.

Zimbabwean incumbent President Robert Mugabe met with his party aides on Friday to discuss the possibility of a run-off vote with the opposition leader if results show that neither side won a majority of votes.

After enduring huge losses last year, a former executive at Swiss bank UBS called for a sharp shift in strategy that would split up the company, reject the currently appointed Chairman, and rebuild the company's culture for managing risk. The former president Luqman Arnold sent a letter to UBS yesterday outlining his plans for reform.

Gold futures edged higher on Friday, as the dollar slipped after new data reported the biggest unemployment rate climb in five years, raising concerns that the U.S. economy may already be in a recession.

As the Group of Seven (G7) finance chiefs descends on Washington D.C. next week, the Japanese government plans to propose Masaaki Shirakawa as the head of the Bank of Japan in a rush to ensure attendance at the key international meeting.

Japan stocks declined Friday after 3-day increase as investors sought profit and locked in shares.

U.S. stocks were mixed on Friday after new data reported the biggest unemployment rate climb in five years, causing the market to pare its largest weekly advance since February.

Michael Dell said yesterday that he plans to cut more than the 8,800 previously announced jobs as the computer maker struggles to raise profits and sales.

Senior executives at Microsoft and Yahoo met this week to discuss their proposed merger but did not get anywhere with the talks, the Wall Street Journal said on its Web site, citing people familiar with the matter.

Commodity Online BEIJING: China on Friday said it aims to find ten new oil fields, and eight to ten new gas fields by 2010 in an effort to reduce dependence on imports.According to a gove...

While U.S. housing market was weakening and the stock and foreign currency markets destabilized, there was trend of increasing Japanese corporate bonds issuance for individual investors last year.

Commodity Online NEW YORK: Gold continued its upward journey Thursday as oil bounced from its early low and the US dollar weakened, after an initial rally by the currency.Gold futures for...

NATO allies agreed Thursday to give President Bush strong support for a missile-defense system to be installed in Europe in spite of strong Russian resistance, and conceded to provide more troops in Afghanistan.

New York Federal Reserve Bank Chairman Timothy Geithner defended the bank's decision to assist in the JPMorgan Chase merger with Bear Stearns, saying it was the best option available under the circumstances.

Zimbabwe remained in a jittery mood on Thursday as police raided opposition party offices, indicating incumbent President Robert Mugabe may impose violent tactics to maintain his control over the nation.

By Jim Sinclair Dear Comrades in Golden Arms (CIGAs), In times like these I invite you to put your non margined hand in my totally confident hand. Be calmed as we walk the wildness of the g...

Oil futures declined on Thursday as a report on jobs added signals of a gloomy outlook in the economy of the United States. Investors worry demand from the top consumer of oil in the world may curb.

Music artist Jay-Z is near to sign a contract with Live Nation for $150 million dollars, possibly one of the largest contracts awarded to a musician, reports said.

The FTSE 100 share index fell 24.6 points to 5,891.3 (down 0.4 per cent) on Thursday.

Prime Minister Gordon Brown has said that he discussed addressing the problems in the world economy with US President George W. Bush at the NATO summit in Bucharest this week.

The EU competition commission has given the go ahead for the takeover of Scottish & Newcastle's (S&N) European business by Heineken.

British Airways has said that the disruptions affecting the new Terminal 5 at Heathrow airport should have abated by next week.

President George Bush support for NATO membership expansion went unheard on Thursday at the final summit he will attend as a U.S. president. The alliance decided the time wasn't ripe for Georgia and Ukraine to join, while allies agreed to send out more troops to Afghanistan.

Natural gas declined on Thursday after reports from the U.S. government showed that the economy was slowing and inventories had declined.

Sugar increased on Thursday as crude oil gained amid speculation that demand for fuels made from cane will increase.

MySpace, News Corp.'s social networking Web site unveiled that it will start a joint venture with record companies to sell music and concert tickets online.

Japan Stocks continued to increase for a third-straight-day Thursday due to rising material prices and strong U.S. dollars.

Natural gas spot prices increased in all trading regions in the Lower 48 States this report week (WednesdayWednesday, March 26April 2). During the report week, the Henry Hub spot price increased $0.3...

There was no sign of fears of gold prices falling further in the short term yesterday (April 2nd), with many analysts maintaining that the next three months also look positive for the precious metal,...