LONDON - The leading stock exchange tumbled on Tuesday as cautious investors focused on profit-taking ahead of the pre-budget report on Wednesday. Traders were also concerned about Dubai's debt crisis, another credit downgrade for Greece and shrink
The dollar sank to multi-month lows on Wednesday, helping drive gold to a fresh record peak, although signs emerged that the US currency’s inverse relationship with other assets might be breaking down.US and European equities that, in recent months,
NEW YORK - Offshore drilling contractor Atwood Oceanics Inc. reported its fiscal fourth-quarter earnings fell 35 percent drop as its revenue tumbled and companies in its industry faced weak energy markets. Lower prices also hurt demand for drilling
SAN SALVADOR, El Salvador - El Salvador's Metapan prevented the HoustonDynamo from earning a spot in the quarterfinals of the CONCACAF Champions Leaguewith a 3-2 victory over the MLS club Wednesday.Metapan had lost all five previous group games, bu
Risk appetite was given a hefty boost on Tuesday as Australia became the first G20 nation to raise interest rates in the current cycle, while gold climbed to a record high as the dollar sank.The Reserve Bank of Australia raised rates by 25 basis poi
NEW YORK - Second seed Andy Murray enjoyed a rough and tumble first-round victory against power-hitting Ernests Gulbis of Latvia on Tuesday even though he might have been upstaged by a ballboy. The Briton dispatched the 95th-ranked Gulbis, who is a
NEW YORK, July 31 - Chevron reported a 71 per cent drop in second-quarter profit on Friday as oil and gas prices fell from a year earlier and the economic slump shrank demand for fuel. The second-largest US oil company posted net profit of $1.75 bn,
TOKYO - Boredom, not the recession, may be Nintendo's biggest villain. Sales of the once unstoppable Wii console have tumbled for the first time since its launch three years ago, sending the gaming giant's quarterly profit down 61 percent. Nintendo
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