Latest Business News Wires - Business Headlines


  • SYDNEY, May 12- London copper hit its highest in more than a week on Monday, underpinned by a shortfall of available metal in top consumer China, while nickel came within a whisker of a fresh 2- year top on supply concerns. *The most-traded August copper contract on the Shanghai Futures Exchange rallied 1.2 percent to 47,620 yuan a tonne.

  • BRUSSELS, May 12- The European Union is set to step up pressure on Russia on Monday by taking a first cautious step towards extending sanctions to companies, as well as people, linked to Moscow's annexation of Ukraine's Crimea region.

  • NYMEX-US crude rises above $100 on Ukraine tensions Sunday, 11 May 2014 | 9:00 PM ET

    SINGAPORE May 12- U.S. crude futures firmed above $100 a barrel on Monday, supported by worries about escalating tensions in Ukraine and after prices snapped a fortnight of falls with a small rise last week.

  • *March C/A balance +116.4 bln yen vs f'cast +305.0 bln yen. TOKYO, May 12- Japan posted a much lower-than-expected current account surplus in March on weak demand for exports and rising imports, reinforcing recent signs that the recovery in the world's third-biggest economy is being hampered by slow shipments.

  • SINGAPORE, May 12- Gold fell to its lowest in a week on Monday as the euro hovered near a one-month low on fears of policy action from the European Central Bank, shrugging off safe-haven demand from escalating violence in Ukraine.

  • *Markets focus on world reaction to eastern Ukraine referendum. TOKYO, May 12- Asian shares began the week on a cautious note on Monday as investors braced for an esclation in East-West tensions after pro- Moscow rebels declared victory in a referendum on self-rule in eastern Ukraine.

  • REUTERS SUMMIT-Reuters Cybersecurity Summit speakers Sunday, 11 May 2014 | 8:00 PM ET

    *Brigadier General Paul Nakasone, deputy commander, U.S. Army Cyber Command. *Chandra McMahon, vice president, commercial markets, information systems and global solutions, Lockheed Martin Corp. *Charlie Croom, vice president, cyber security solutions, Lockheed Martin Corp.

  • SYDNEY, May 12- The euro started the week on a steadier footing after two straight sessions of steep losses, but should stay under pressure amid the persistent threat of policy action from the European Central Bank. The common currency, which plumbed a one-month trough of $1.3745 on Friday, last stood at $1.3759.

  • DONETSK/SLAVIANSK, Ukraine, May 12- Pro-Moscow rebels declared a resounding victory in a referendum on self-rule for eastern Ukraine, with some saying that meant independence and others eventual union with Russia as fighting flared in a conflict increasingly out of control.

  • DONETSK, Ukraine, May 11- Nearly 90 percent of voters in the eastern Ukrainian region of Donetsk voted for self-rule, the head of the separatist election commission said on Sunday. "Eighty nine percent, that's it," Roman Lyagin told Reuters by telephone when asked for the result.


  • NEW YORK, May 11- Comcast Corp is offering at least two Asian cellular operators access to its WiFi hot spots in the United States, in trial partnerships that illustrate the cable company's ambitions to compete with U.S. wireless carriers.

  • *Warehousing viewed as weak link in China supply chain. *More modern warehouses in Boston than China- consultancy. HONG KONG, May 12- Alibaba Group Holding Ltd's plans for a giant initial public offering in New York highlight vast potential for e-commerce in China- and the weak link the logistics industry must fix if explosive growth projections are to be reached.

  • TOKYO/ BEIJING, May 12- A year after spending $3.6 billion to buy grain trader Gavilon to expand in China, Japan's Marubeni Corp has been shaken by defaults on soybean sales and faces an investigation into alleged tax evasion in the world's top food consumer.

  • TOKYO, May 12- The Bank of Japan is increasingly confident that the economy is weathering a recent tax increase and on its way out of deflation, but another threat to that optimistic scenario is lurking- weak exports. Growth has returned to Japan, helped greatly by massive monetary stimulus unleashed 13 months ago when Haruhiko Kuroda took the helm at the BOJ.

  • LOS ANGELES/ NEW YORK, May 11- Raunchy adult comedy "Neighbors", starring Seth Rogen as a family man who moves next to a frat house, kicked superhero movie "The Amazing Spider-Man 2" off the top spot on U.S. and Canadian box office charts over the weekend.

  • LOS ANGELES/ NEW YORK, May 11- Raunchy adult comedy "Neighbors," starring Seth Rogen as a family man who lives next to a frat house, kicked superhero sequel "The Amazing Spider-Man 2" from the top of U.S. and Canadian box office charts over the weekend.

  • PARIS, May 11- The United Nations is leading a high-level effort this week to improve the way aircraft are tracked to address public concerns over the disappearance of a Malaysia Airlines passenger jet.

  • May 11- U.S. medical firm Allergan Inc declined to comment on Sunday on a report that it has been seeking offers from rival companies to combat Valeant Pharmaceuticals International's $47 billion cash and share offer.

  • *Vote organised on ad hoc basis, ballot paper confusion. MARIUPOL/SLAVIANSK, Ukraine, May 11- Pro-Moscow rebels pressed ahead with a referendum on self-rule in east Ukraine on Sunday and fighting flared anew in a conflict that could dismember the country and pitch Russia and the West into a new Cold War.