A latest research conducted in Britain has claimed that Emails, which is considered to be the most popular mode of communication online, actually wastes an hour a day. 

The researchers discovered that people working at the offices actually waste an hour a day sending and receiving emails. Further, the obsession has led to a culture in which many process them without even thinking. 

The findings have been based by conducting a survey on 4,000 employees from 150 business houses in Britain. 

It’s been weeks since Chandrayaan-1, India’s first unmanned moon mission, entered the lunar orbit flawlessly, and now its the turn of United Kingdom. With the aim to study the phenomenon of mysterious moonquakes Britain is all geared up to unveil its maiden moon mission. 

A 100-million-pound unmanned mission, named ‘MoonLITE’ is being launched with the motive to better know the reasons behind the mysterious quakes that vibrate through the lunar rock. 

With Citigroup's stock plummeting last week, over fears about its exposure to toxic mortgage assets, regulators are reportedly working on plan to bail out the embattled bank, saying the US government would guarantee more than $300 billion in company assets, while injecting an additional $20 billion in capital. In return for the cash infusion, the government would get an additional ownership stake of $7 billion in Citigroup.

High prints in early New York as stocks firm further ahead of the US open. Follow-on selling drops the rate into light stops after IFO data released but lows hold above Friday's action. Rally off the lows to score highs at 1.2740 area suggests bids are building under the 1.2600 area as expected. OK to try the long side again on a dip. Bids support to hold rate firm after whipsaw; likely some spillover support from GBP.

Follow-on selling drops rate into next support at the 1.4700 area last week but rate starts firmer. Traders note solid two-way action with stops building above the market likely in the 1.5050 area and higher. Some stops over 1.5000 flushed overnight. Sellers hold control above 1.5000 today as rate backs off highs but lows hold.

OK to buy if flat on a dip. Traders also note the same names seen in size on the bid the past few days has been on the offer overnight. Cross spreaders continue to hold interest near-term; profit-taking likely to result in a squeeze on the further strength. Technical trade overnight as traders decide near-term action with little to go on but the charts.

The USD is under pressure this morning after starting a holiday-shortened week about flat in Asia. Tokyo had a holiday today leaving a lot of Asian players on the sidelines making for slow and thinner trade; traders report that stops are building on both sides of the market after last week's neutral close and Friday's USD retreat. Equities provided a bit of lift to the majors as follow-on buying of Asian markets and Europe holding firm ahead of US trade. DJOA futures are called to open higher on Wall street which is no doubt keeping the majors on the offensive to start the day. USD/JPY rallied higher with equities as expected but was unable to clear above the 96.00 handle with any conviction; high prints at 96.09 were offered to cap the rate before heading lower.