Topic: Currencies

The euro rose to a two-month high versus the dollar on Wednesday on optimism Greek leaders are nearing a deal to secure a second bailout and avoid a messy default, though analysts were skeptical of fresh gains with the deal becoming priced in.

Increasingly, the IRS is relying on so-called "unreal" audits. These typically come in the form of a letter alerting you to errors or omissions on your tax return, which can cost you, USA Today reports.

BP will continue its raised dividend policy on the back of higher profits for the oil company as long as oil prices continue their upward trajectory, the company's CEO Bob Dudley told CNBC Tuesday.

The euro rallied across the board on Tuesday, hitting an eight-week high against the dollar on optimism that Greece is about to agree on a bailout deal that will enable it to avoid a messy default.

China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said. 

Europe's debt in late 2011 stood well above the EU's limits for a healthy economy, with even powerhouse Germany bearing a debt load that could take decades to pay down, although borrowing as a proportion of output was smaller than for the United States.

Central Banks from emerging market nations are seeing gold as a safe haven against the volatility of the global economy and keeping prices and demand stable, Mark Bristow, CEO at Randgold Resources, told CNBC.

Facebook is set to begin showing advertisements to users on mobile devices within weeks in an effort to tap a new source of revenues before it goes public. The FT reports.

Indonesia's economy expanded 6.5 percent in the fourth quarter from a year earlier, as surging domestic consumption and investment offset weakening exports growth, giving the central bank room to hold rates steady this week.

Though the Greek coalition parties have yet to approve a new bailout to avoid a March default, the euro lifted slightly as the Greek government agreed to demands by rescue creditors to cut 15,000 jobs in the public sector.

Iran has indicated that its threat to cut oil supplies to European states in order to pre-empt a European Union oil embargo that comes into effect in July may be only a symbolic one.

Chinese Premier Wen Jiabao raised hopes in Europe when he pledged to consider deepening Chinese participation in European bailout funds, but there is little indication that China is prepared to go out on a limb with a direct contribution.

The independence of the Swiss National Bank risks being compromised due to political pressure following the departure of Philipp Hildebrand as chairman, the central bank’s acting chairman has warned, the Financial Times reports.

The dollar extended gains against the yen and swung wildly against the euro in volatile trade on Friday after a report showed a larger-than-expected rise of 243,000 jobs in U.S. nonfarm payrolls in January.

China is considering increasing its participation in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.