Latest Business News Wires - Business Headlines


  • *Espirito Santo shares hit record new low. LONDON, July 15- European stocks and the euro fell on Tuesday after shares in Portugal's biggest listed bank hit a record low, while a plunge in German economic sentiment pushed up borrowing costs for some peripheral euro zone countries.

  • *Hamas leader in Cairo says group undecided over truce. GAZA/ JERUSALEM, July 15- Hamas militants fired volleys of rockets from the Gaza Strip on Tuesday, drawing a threat by Israel to abandon an Egyptian-proposed truce it had unilaterally accepted.

  • FARNBOROUGH, England, July 15- U.S. planemaker Boeing on Tuesday said a consortium led by British defense company BAE Systems would provide the flight control system electronics for its new 777 X jet. The two firms are the incumbent suppliers to Boeing for some of the electronics systems on the 777 platform already flying.

  • China to keep monetary policy prudent in H2 -c.bank Tuesday, 15 Jul 2014 | 6:59 AM ET

    BEIJING, July 15- China will keep its monetary policy stance "prudent" in the second-half of the year, a senior official at the country's central bank was quoted as saying on state radio on Tuesday.

  • FARNBOROUGH, England, July 15- Malaysia's AirAsia group is close to a deal to become a launch customer for the Airbus A330neo aircraft and may make an order announcement at the Farnborough Airshow later on Tuesday, people familiar with the matter said.

  • July 15- Chemicals maker Albemarle Corp said it would buy rival Rockwood Holdings Inc for $6.2 billion to bulk up its lucrative specialty chemical offerings. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own. Albemarle's shares closed at $72.62 on the New York Stock Exchange on Monday.

  • Overlooked Nordic stocks attract euro-weary investors Tuesday, 15 Jul 2014 | 6:34 AM ET

    *Sweden peppered with buying opportunities- fund managers. Sweden is also peppered with overlooked restructuring plays such as Husqvarna, a maker of lawnmowers and chainsaws, or lock-maker Assa Abloy, which offers exposure to the United States and Europe at an attractive valuation, according to some fund managers.

  • *BES plunges to record low, weighs on Lisbon stock market. LONDON, July 15- European stocks fell as declining investor morale hit Germany's benchmark DAX equity index and lingering worries over Portuguese bank BES weakened the Lisbon stock market.

  • *Sterling rises after UK inflation jumps. LONDON, July 15- The euro fell on Tuesday, after Germany's ZEW survey suggested a shaky start for Europe's largest economy in the third quarter while lingering problems about Portugal's largest listed bank kept investors wary of the single currency.

  • *Gold edges up after biggest daily drop since Dec. LONDON, July 15- Gold rose on Tuesday as European equities moved lower, but was still trading near its lowest level in almost four weeks ahead of the Federal Reserve's Chair testimony to U.S. Congress that should give more clues about the timing of an interest rate hike.

  • DAKAR, July 15- The death toll from an Ebola outbreak in West Africa has spiked to 603 since February, with at least 68 deaths reported in the last week alone, the World Health Organisation said on Tuesday.

  • FARNBOROUGH, England, July 15- Aircraft lessor CIT became one of the launch customers for Airbus' revamped A330neo model on Tuesday, signing a memorandum of understanding to buy 15 wide-body A330-900neo and five narrow-body A321ceo aircraft.

  • STRASBOURG, France, July 15- Jean-Claude Juncker set out a "grand coalition" investment program aimed at reviving Europe's economy in an impassioned speech on Tuesday seeking confirmation as the next head of the executive European Commission.

  • LONDON, July 15- Bank of England Governor Mark Carney said on Tuesday the central bank's forward guidance policy aimed to signal how interest rates might change over the medium term, not pinpoint the timing of a first hike. We do expect markets to react to that data, "Carney told lawmakers at a hearing in Britain's parliament on Tuesday.

  • FARNBOROUGH, England, July 15- GE Aviation Chief Executive David Joyce said the engine manufacturer expected to achieve its Farnborough Airshow target of $30 billion of orders and commitments by the end of Tuesday. Joyce also said GE Aviation hoped to finalise an engine deal soon with Qatar Airways over Boeing 777 X planes.

  • Albemarle to buy Rockwood in a $6.2 bln deal Tuesday, 15 Jul 2014 | 6:12 AM ET

    July 15- Specialty chemical company Albemarle Corp said it would buy rival Rockwood Holdings Inc in a cash-and-stock deal valued at about $6.2 billion. Rockwood shareholders will get $50.65 in cash and 0.4803 Albemarle shares for each share they own. The offer translates to $85.53 per share, a 13 percent premium to Rockwood's Monday closing price.


  • METALS-Copper steadies with China growth in focus Tuesday, 15 Jul 2014 | 6:01 AM ET

    *China Q2 gross domestic product due on Wednesday. LONDON, July 15- Copper prices steadied on Tuesday, boosted by optimism about demand for industrial metals from top consumer China and shrinking supplies, but further gains were capped by selling pressure as traders cashed-in on recent gains.

  • FARNBOROUGH, England, July 15- U.S. military officials have approved a limited flight clearance for the Lockheed Martin Corp F-35 fighter jets that mandates engine inspections and certain flight restrictions, while an investigation continues into a massive engine failure that grounded the entire fleet, the Pentagon said on Tuesday.

  • *BOJ keeps policy steady, as widely expected. TOKYO, July 15- The Bank of Japan's governor voiced confidence on Tuesday that inflation would hold above 1 percent even when a boost from energy costs fades, attempting to convince sceptics the economy was recovering and there was no threat of a return to deflation.