BERLIN - German factory orders dropped for the second consecutive month in August, led by a drop in demand from countries outside the eurozone and lower demand at home.
The Australian dollar spiked from US70.80� to US71.20� after the Reserve Bank's widely expected decision to keep interest rates on hold, and was at US71.35� in late afternoon trade.
Over 1 million boxes of both Cheerios and Honey Nut Cheerios, that were produced at a factory in Lodi, California have been recalled, the Associated Press reports.
The value of BP Plc's settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill rose to $20.8 billion in the latest tally of costs from the U.S.
LONDON— SABMiller SBMRY -0.43 % PLC on Tuesday reported a fall in second-quarter revenue, even as sales volumes rose, as currencies in emerging markets where the brewer makes most of its sales weakened.