The euro hit a 2-1/2 month low against a broadly firmer dollar on Tuesday while world stocks slipped as concerns grew about the European banking sector and the fiscal health of Greece. An Austrian newspaper reported the country's central bank and its financial market regulator have put Oesterreichische Volksbanken, the country's top cooperative bank, on

LG Electronics Inc, the world's No. 2 TV brand by revenue, set an aggressive sales target for 3D televisions, aiming to build a leadership position in an emerging market where competition is expected to heat up. Digital 3D TVs, which use double layered images and special glasses to trick viewers into seeing 3D, are set

 Kraft Foods has vowed to maintain discipline in its pursuit of British chocolatier Cadbury, suggesting the U.S. group will resist raising the level of its hostile approach. In a rebuttal of Monday's aggressive defense statement from Cadbury, the U.S. food group on Tuesday claimed a combination of the companies would deliver "substantially more value than

The dollar steadied on Tuesday and Asian stocks wavered, despite improving appetite for riskier assets, as investors turned cautious ahead of a meeting of the U.S. Federal Reserve. European shares were set to open slightly higher, according to financial spreadbetters, while U.S. equity futures were up 0.5 percent ahead of a slew of economic data

Greek Prime Minister George Papandreou said on Monday that debt-laden Greece needed a new social deal and must change or sink. "We need to move immediately to a new social deal," Papandreou said in an economic policy speech aiming to reassure markets and EU partners. "We must change or sink," he said. Greece's new Socialist

Mexico is facing a $1.6 billion drop in tourism revenues for 2009, thanks to a deadly flu outbreak, but the fall is smaller than first feared and visitors should return in 2010, the government said on Monday. Tourism is Mexico's No. 4 source of foreign currency after oil exports, migrant remittances and foreign direct investment,

U.S. President Barack Obama, who won political support and has sought advice from investment guru Warren Buffett, may now feel even closer to the world's second richest man. According to their family trees, the two men who at times shared the stage together during the 2008 presidential campaign are seventh cousins three times removed. Genealogists

Japan's Nikkei average inched down 0.2 percent on Tuesday, with Advantest Corp and other exporters hit by continued strength in the yen and as investors grew cautious ahead of a Federal Reserve meeting. But losses were countered by gains in property developers after Secured Capital Japan Co said it plans to buy a building in