Latest Business News Wires - Business Headlines


  • US STOCKS-Futures edge lower, consumer data awaited Tuesday, 24 Jun 2014 | 7:17 AM ET

    NEW YORK, June 24- U.S. stock index futures fell on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week. *Equities had a quiet session on Monday, with trading volume light and moves so slight the S&P 500 had one of its narrowest intraday trading ranges ever, according to MKM Partners.

  • LONDON, June 24- The British pound fell on Tuesday, on track for its biggest daily decline in two weeks against the dollar, after Bank of England chief Mark Carney did little to bolster interest rate hike expectations.

  • France to push growth and investment at EU summit Tuesday, 24 Jun 2014 | 7:10 AM ET

    PARIS, June 24- French President Francois Hollande is urging European Union partners to launch joint initiatives to boost growth and investment at a Brussels summit starting Thursday, his office said.

  • NEW YORK/ PARIS, June 23- French bank BNP Paribas SA is likely to pay $8 billion to $9 billion as part of a potential settlement with U.S. authorities over violations of sanctions, according to a person familiar with the matter.

  • MOSCOW, June 24- U.S. healthcare firm Abbott Laboratories is to buy Russian drugmaker Veropharm for up to $495 million, giving it a manufacturing presence in a country where it has been operating for nearly 40 years, Abbott said on Tuesday.

  • LONDON, June 24- European stocks fell on Tuesday after a survey found German business morale was flagging, raising concern over growth in Europe's largest economy. The FTSEurofirst 300 index of leading shares dropped 0.2 percent to 1385 points, Germany's DAX was down 0.1 percent at 9912 points and France's CAC 40 was up 0.1 percent at 4520 points.

  • MOSCOW, June 24- Russian shares leapt to a five-month high on Tuesday after President Vladimir Putin asked the upper house of parliament to revoke Russia's right to send troops to Ukraine, where pro-Russian separatists have been fighting troops loyal to Kiev.

  • BEIJING, June 24- China needs to make the yuan more flexible to cope with possible rises in capital flows, a senior researcher at the People's Bank of China said on Tuesday.

  • *Gold hits highest since early April, silver at 3- month peak. LONDON, June 24- Gold hit a two-month high on Tuesday and silver reached its highest since mid-March as a drop in European shares after soft German economic data and a weaker dollar helped the metal build on last week's gains.

  • LONDON, June 24- British oil and gas services group Petrofac reported a record order backlog of $20.1 billion on Tuesday and said violence in Iraq had not so far affected its operations there.

  • *Syngenta declines to comment on report of Monsanto talks. Monsanto Co., the world's largest seed company, and Basel- based Syngenta had held preliminary talks about combining, partly to allow the U.S. company to benefit from lower Swiss holding taxes, according to a report from Bloomberg.

  • *Says if Europe ignores growth, stability is impossible. ROME, June 24- Italian Prime Minister Matteo Renzi called on Tuesday for a change of course in Europe, saying that austerity policies on their own could not guarantee fiscal stability in the face of rising unemployment and economic stagnation.

  • LONDON, June 24- Oil slipped below $114 a barrel on Tuesday, retreating further from a nine-month high, as concerns eased that escalating violence in Iraq will affect supplies from OPEC's second-largest oil producer.

  • *Germany's Ifo business sentiment index falls in June. LONDON, June 24- London copper futures were flat on Tuesday after three days of gains, coming under pressure from renewed signs of economic weakness in Europe but offset by encouraging global growth prospects elsewhere.

  • *Rubber stocks at Qingdao port fall more than 9 pct from May peak-sources. SINGAPORE, June 24- Rubber stocks in bonded warehouses in China's Qingdao port have fallen about a tenth from a peak in May, partly on reduced demand for the commodity as a loan collateral after a fraud investigation at the port, industry sources said.

  • *Iranian officials: looking to resolve HSBC payment issue. LONDON/ ANKARA, June 24- Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.

  • *Plan includes corporate tax cuts, GPIF reform. TOKYO, June 24- Prime Minister Shinzo Abe unveiled a package of measures on Tuesday aimed to boost Japan's long-term economic growth, from phased-in corporate tax cuts to a bigger role for women and foreign workers, but applause from investors is likely to be muted after Tokyo backpedaled on bolder reforms.

  • *German fundamentals intact, but Ukraine, Iraq could hurt. BERLIN, June 24- German business sentiment weakened more than expected in June as concern grew among companies in Europe's largest economy that tensions in Ukraine and Iraq would hurt their business.

  • LONDON, June 24- European stocks and major currency and bond markets struggled for direction on Tuesday, underpinned by manufacturing data from China, Japan and the United States the previous day but unnerved by growing signs of economic weakness in Europe.

  • BEIJING, June 24- China and Australia, which have been trying to set up a bilateral free trade agreement for years, are determined to sign a deal by the end of this year, Australia's trade chief said on Tuesday after talks with Chinese leaders.