FOREX-Dollar at week's peak after Fed tiptoes towards rate move LONDON, July 30- The dollar rose to its highest level this week on Thursday after the U.S. In early trade in Europe, the euro was down more than a cent against the dollar compared with levels seen before the Fed made its monthly policy statement on Wednesday, falling back to around $1.0950, its lowest since last Friday. "The fact they weren't worried about anything else...
| By: Patrick Graham
IBM's Watson computing technology learns Japanese TOKYO- The IBM Watson super-brainy computing technology, which has helped organize massive data as well as beaten champions on the Jeopardy TV show, is now learning Japanese. IBM Watson, a unit of the U.S. technology and consulting company, said Thursday it was working with Japanese telecommunications and robotics company Softbank Corp. to share Watson with...
Source: The Associated Press
METALS-London copper sinks as dollar revives on rate hike prospects *China bonded copper premiums jump $10 to highest since March. MELBOURNE, July 30- London copper soured on Thursday, as jitters resurfaced in China's sharemarkets and as a dollar revival picked up pace on bets of a looming rate rise in the United States. "We'll need to see how much more stimulus is thrown at it- if China throws a lot, at the end of the day, prices have to hold-...
| By: Melanie Burton
France's Fabius: Iran could be easier for Renault than Peugeot PARIS, July 30- PSA Peugeot Citroen, previously the market leader in Iran, could find it more difficult to return to the country than fellow French car group Renault, Foreign Minister Laurent Fabius said after talks with Iranian leaders. Peugeot and Renault both enjoyed a strong position in the Iranian market before international sanctions on Tehran were...
PRECIOUS-Gold falls to near 5-1/2-year low as dollar rises on Sept Fed hike view MANILA, July 30- Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. Spot gold dropped 1 percent to $1,084.46 an ounce by 0659 GMT, after hitting a low of $1,081.85.
| By: Manolo Serapio Jr
Toyota robot can pick up after people, help the sick YOKOHAMA, Japan- Toyota's new robot that glides around like R2-D2 is devoted to a single task: picking things up. Kouichi Ikeda, its engineer, is serious about using it to help around regular homes. We're just getting stated, but eventually we want it to enter people's homes, "Ikeda said at an exhibition of health care technology in Yokohama, southwest of Tokyo.
Source: The Associated Press
| By: By YURI KAGEYAMA, AP Business Writer
UPDATE 1-Sony Q1 operating profit rises 39 percent, beats estimates TOKYO, July 30- Sony Corp on Thursday reported a 39 percent rise in quarterly profit on strong sales of camera sensors and PlayStation 4 videogames, beating analyst estimates and helping to reassure investors a recent stock offering would pay off. Sony has said it would use the funds to boost production of image sensors, which are now among Sony's...