Oil prices dipped below $71 a barrel on Monday, losing momentum after last week's rally as traders focused on swollen inventories and prospects for a stronger dollar. U.S. crude fell 58 cents to $70.35 a barrel by 0941 GMT. London Brent crude <LCOc1 fell 52 cents to $73.07. U.S. prices gained a modest 2 percent

Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year, the Financial Times said, citing research by Moebs Services. A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper. It said the research showed that many banks have

Shares in UBS (UBSN.VX)(UBS.N) opened lower on Monday as the Swiss bank faced more tense negotiations to settle a tax evasion case in the U.S. that challenges Switzerland's bank secrecy laws. The Swiss government, currently in recess, will hold an extraordinary meeting later on Monday to discuss the issue, a government official said, without adding

US Stock index futures pointed to a lower open on Wall Street on Monday, as investors look set to book profits after a sharp four-week rally. * At 3:50 a.m. EDT, futures for the S&P 500 were down 0.18 percent, Dow Jones futures were down 0.11 percent and Nasdaq 100 futures were down 0.29 percent.

Britain's top share index paused for breath in early trade on Monday after hitting a 10-month closing high on Friday, with heavyweight oils, banks and miners leading the market lower. At 0817 GMT, the FTSE 100 was down 32.22 points, or 0.7 percent, at 4,699.34, after closing up 0.9 percent, or 41.03 points, at 4,731.56

Britain's top share index paused for breath in early trade on Monday after hitting a 10-month closing high on Friday, with heavyweight oils, banks and miners leading the market lower. At 0817 GMT, the FTSE 100 was down 32.22 points, or 0.7 percent, at 4,699.34, after closing up 0.9 percent, or 41.03 points, at 4,731.56

The dollar and European stocks slipped on Monday after a strong performance last week following better-than-expected U.S. jobs data, while Tokyo shares hit a 10-month closing high. Investors are reluctant to add significant risk to their portfolio after a broad-based rally on Friday following the U.S. jobs report for July, which gave a clear indication

As makers from Tesla to Nissan Motor Co jockey to dominate the next generation electric-powered cars, a fight on which companies will control the lucrative market to fuel them is just getting started. U.S. President Barack Obama aims to put a million electric vehicles on the road by 2015 as part of the new U.S.

Asian stocks made modest gains on Monday after better-than-expected U.S. jobs data raised hopes the United States can lead the world out of recession, but Asian currencies were kept in check by a fluctuating U.S. dollar. The U.S. jobs report on Friday, which showed fewer-than-feared job losses in July and a surprise dip in the

The Nikkei average hit its highest close in 10 months on Monday, buoyed by stronger-than-expected U.S. jobs data and a report that Mitsubishi Chemical was in talks to acquire resin maker Mitsubishi Rayon. Japan's machinery orders, a leading indicator of capital spending, rose in June for the first time in four months, helping shares such