Latest Business News Wires - Business Headlines


  • ZURICH, April 15- Nestle expects sales growth to pick up in the next few quarters after slowing to 4.2 percent in the first quarter as unusually cold weather subdued sales in North America and cost-conscious Europeans continued to opt for cheaper brands.

  • TOKYO, April 15- Nerves got the better of Asian share markets on Tuesday as they turned lower after an upbeat U.S. retail sales report was eclipsed by soft data from China, providing a stark reminder to investors of the headwinds facing the world's second-largest economy.

  • *Some wariness towards tensions in Ukraine. Some caution over tensions in Ukraine may be helping to temper the dollar's gains against the yen, said a trader for a European bank in Tokyo. Investors remained wary of developments in Ukraine, where any escalation might quickly cause risk appetite to evaporate.

  • April 15- General Electric Co's Chief Executive Jeff Immelt may step down sooner than his expected 20- year tenure, the Wall Street Journal reported, citing people familiar with the company's thinking.

  • Banks lead declines in China stocks, HK autos down Tuesday, 15 Apr 2014 | 1:14 AM ET

    BEIJING, April 15- China shares fell on Tuesday as weak banking stocks weighed on sentiment after data showed the country's money supply grew at its slowest pace in more than a decade and loan growth slowed. Hong Kong stocks also fell, dragged lower by auto shares, which shed some of the gains seen over the past few days after positive earnings data.

  • The lawsuit, filed on Monday afternoon, sought civil damages, a public apology and data from water quality testing in the past year from Lanzhou Veolia Water Co., a local unit of French firm Veolia Environment, according to the Modern Jinbao newspaper, citing Wu Tianying, one of the Lanzhou residents who filed the suit.

  • JGBs little changed, 5-yr auction draws solid bids Tuesday, 15 Apr 2014 | 1:12 AM ET

    TOKYO, April 15- Japanese government bond prices were little changed on Tuesday, erasing small earlier losses after an auction of five-year JGBs drew solid bids. The 10- year JGB futures ticked up 0.04 point to 145.09, coming back from the day's low of 144.99.

  • *Infosys Q4 net profit at 29.9 bln rupees vs 28.1 bln estimates. *Infosys sees FY15 revenue growing 7-9 pct. BANGALORE, April 15- Infosys Ltd, India's second largest software services exporter, forecast an increase in IT spending by its U.S. and European clients to boost sales between 7 and 9 percent this fiscal year, in line with expectations.

  • SINGAPORE, April 15- Brent crude futures dropped below $109 a barrel following a surge to a six-week high in the previous session, as investors looked ahead to a meeting in Geneva that they hoped would bring a political resolution to the escalating crisis in Ukraine.

  • SHANGHAI, April 15- China's yuan softened on Tuesday after the central bank fixed its official midpoint at a seven-month low, as traders said major Chinese industrial companies were stocking up on dollars for trade as well as mergers and acquisitions.

  • *Indonesia's export ban, Russia sanctions support. *Copper falls for 2nd day on China's demand woes. SINGAPORE, April 15- Nickel edged lower on Tuesday as the market took a breather after hitting a 14- month high in the previous session, supported by Indonesia's ore export ban and the prospect of tougher sanctions against Russia over Ukraine.

  • BEIJING, April 15- China's money supply grew at the weakest pace in more than a decade in March, another sign of softening economic momentum, with analysts saying a fall in the yuan looked to have slowed capital inflows and the build-up of foreign exchange reserves.

  • Spending on medicines rose 3.2 percent in the United States last year to $329.2 billion.

  • SINGAPORE, April 15- Chinese firms could have locked up as much as 1,000 tonnes of gold in financing deals, an industry report said, indicating a big a slice of imports has been used to raise funds due to tight credit conditions, rather than to meet consumer demand.

  • April 14- Herbalife Ltd was hit with a shareholder class action lawsuit Monday accusing the multilevel-marketing company of failing to disclose to investors that its operations were based on a pyramid scheme.

  • April 14- Barcode printer maker Zebra Technologies has agreed to buy Motorola Solutions Inc's enterprise business for $3.5 billion in cash, the Financial Times reported, citing people familiar with the discussions.

  • SINGAPORE, April 15- Gold retreated on Tuesday from a three-week high as gains in equities and strong U.S. retail sales data offset safe-haven bids that were driven by heightened tensions in Ukraine.

  • Chinese court dismisses water pollution lawsuit Monday, 14 Apr 2014 | 11:30 PM ET

    BEIJING, April 15- A Chinese court has rejected a lawsuit filed by five residents from a major northwestern city after authorities said a cancer-inducing chemical had been found in tapwater at 20 times above national safety levels, state media reported on Tuesday.

  • *Harsh U.S. weather, Ukraine tensions limit losses. SINGAPORE, April 15- U.S. wheat dipped on Tuesday after rising the most in three weeks in the last session, but losses were limited by concerns over cold weather hitting the U.S. winter crop and tensions in key grain supplier Ukraine.

  • *Ukraine tensions prop up commodities like nickel, oil. TOKYO, April 15- Asian shares edged higher on Tuesday after upbeat U.S. data helped Wall Street bounce from a sharp selloff in recent days, though tensions in Ukraine tempered demand for riskier assets.