IBT Staff Reporter

The 28-year reign of presidential power may soon be over for Zimbabwean incumbent Robert Mugabe after Saturday's election indicated the opposition leader collected the majority votes.

Treasuries fell sharply on Tuesday as investors sought out riskier investments following the announcement of capital raising plans by major banks UBS and Lehman Brothers.

In response to a lawsuit filed by Woody Allen against American Apparel yesterday, the clothing maker expressed regret and said they will make every effort to resolve the issue with the award winning actor.

Japan stocks rebounded Tuesday as investors hunted for bargains at the start of Japan's new fiscal year.

Gold futures plunged below $900 an ounce in New York on Tuesday for the first time in six weeks as the dollar continued to strengthen after taking a beating while investors moved to equities on signs banks are rebounding from U.S. subprime- mortgage losses.

Commodity Online NEW DELHI: Finally, the Indian government is taking some concrete steps to promote biofuel in the country. The government on Tuesday announced the setting up of a National B...

Commodity Online NEW DELHI: India on Tuesday expressed concern at the increasing use of foodgrains for production of bio fuels.Stating India s position at the Third International Grain Su...

Commodity Online NEW DELHI: The Indian government may be fighting rising inflation these days but the country's exports during February, 2008 have been impressive, according to a data relea...

The dollar rose against the euro on Tuesday after a better than expected manufacturing report and news of plans by major banks UBS and Lehman brothers to raise capital.

U.S. stocks rallied Tuesday, the first day of the second quarter, after two banks hit by the credit crisis move towards raising cash, and UBS AG disclosed new write-downs totaling around $19 billion, with UBS and Lehman Brothers Holdings Inc. offering for sale between them $18 billion in equity.

Commodity Online MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.The precious yellow metal dropped by Rs 460 to ...

Commodity Online MUMBAI: Gold prices nosedived to a six week low level on Tuesday at the bullion market and ended at Rs 11,830 per 10 grams.

Commodity Online BAGHDAD: Iraqi officials on Tuesday said oil output operations would be back to normal by today, after the bomb attack cut production and exports by about 100,000 barrels per day.

Commodity Online NEW DELHI: India s largest power utility, National Thermal Power Corporation Ltd (NTPC) has envisaged to generate 209000 MUs of Electricity in the financial year 2008 09.

Commodity Online MUMBAI: Following its fall globally the precious yellow metal resumed sharply lower by Rs 275 per ten grams here at the bullion market on Tuesday.

Commodity Online MUMBAI: Following its fall globally the precious yellow metal resumed sharply lower by Rs 275 per ten grams here at the bullion market on Tuesday.

Commodity Online NEW DELHI: The state run GAIL has signed a deal with the consortium of the Panna Mukta and Tapti gas fields (PMT) for marketing the natural gas produced from the PMT field.

Commodity Online NEW DELHI: In an effort to curb down heavy losses, India s major oil firms on Tuesday raised aviation turbine fuel (ATF) prices by over 13 percent.

Lehman brothers said on Monday it would sell three million shares to raise at least $3 billion in a bid to reduce concern that it is running short on capital.

While the major initiatives would take years to become a reality, Treasury Secretary Henry Paulson unveiled on Monday his agency's plan to revamp the U.S. financial regulatory bureaucracy.

After a year of planning and in the midst of a financial crisis which is taking a heavy toll on the economy, the U.S. Treasury unveiled a far reaching overhaul for financial regulation meant to boost the nation's competitiveness.

Commodity Online NEW YORK: Gold and platinum followed oil and other commodities on a journey towards south on the last day of the previous fiscal year.

Commodity Online NEW YORK: World oil prices fell sharply on Monday as traders hunted down profits with which to close their books and on signs that a US report would show inventories rose again since the last three months.

Commodity OnlineNEW YORK: Several commodity prices tracked together today. June gold fell $15.00 to $921.50, along with the sell off in soybean and wheat prices. May crude oil closed down $4.04 at $101.58.

Treasuries prices rose on Monday as investors looked for refuge in safer investments after a report stated U.S. business activity fell in March and a top government official unveiled a plan to overhaul financial regulation.

After a wave of speculations that Brad Pitt and Angelina Jolie married this Saturday in New Orleans, the wedding was not confirmed by any source.

The dollar made slight gains against the euro and yen on Monday after consumer price inflation in Europe hit a new high above estimates.

Gold futures dropped sharply on pressures from a stronger dollar on Monday. Silver fell.

Anna Nicole Smith's son, Daniel Smith, died from an accidental drug overdose according to a Bahamas jury.