The Obama administration will pick the brains of housing finance leaders on how to fix Fannie Mae and Freddie Mac, but made one thing clear on Tuesday: there is no going back to their pre-crisis structure. Treasury Secretary Timothy Geithner, in excerpts of remarks to be delivered at a Treasury conference on restructuring the two

The dollar hovered near a 15-year low against the yen on Tuesday, as prospects of more weak economic data from the United States added to worries about a global slowdown and capped gains in stock markets. European shares followed most Asian stock markets slightly higher, although analysts said gains could prove to be fleeting given

Fund giant Fidelity Investments sharply raised its holdings of oil firm Exxon Mobil in the second quarter though it reduced other large positions including stakes in Google and banks like Wells Fargo. Apple is Fidelity's largest holding, with a value of $12.8 billion as of June 30. But Fidelity lowered its stake in its second-largest

The dollar hovered near a 15-year low against the yen on Tuesday, weighed down by a slide in U.S. Treasury yields, putting the focus on whether Japanese authorities will take any measures to curb the yen's rise. The dollar dipped as low as 85.11 yen in early Asian trade, within sight of a 15-year low

Gold erased some of its early gains on Tuesday but held near its strongest level in more than a month on worries about global economic recovery, while jewelers were also happy to cash in on the high prices. With weak economic growth around the world igniting talk of deflation, investors are likely to chase gold,

Crude was steady near a one-month low on Tuesday on signs of a withering global economic recovery, following disappointing data from the United States and Japan, the world's largest and third-largest oil consumers. Optimism by U.S. home builders hit a near 1- year low in August and a regional manufacturing gauge grew more slowly than