Latest Business News Wires - Business Headlines


  • TOKYO, April 2- Japan's Kyushu Electric Power Co has become the second nuclear generator to seek state support this week as reactors across the country remain idled and industry losses mount three years after the Fukushima nuclear disaster.

  • WASHINGTON, April 1- Both the Lockheed Martin Corp and Austal versions of the U.S. Navy's new coastal warship performed well in a major war game last week and surprised some "enemies" with their capabilities, a top Navy admiral said on Tuesday.

  • SANTIAGO, April 1- Mines in world No. 1 copper producer Chile appear to have emerged unscathed from a major quake that struck near the mineral-rich north of the Andean country on Tuesday. Chile's Collahuasi copper mine and port have not reported any problems so far following the 8.2- magnitude earthquake, Chief Executive Officer Jorge Gomez told Reuters.

  • SYDNEY, April 2- London copper climbed to its highest in more than three weeks on Wednesday after a powerful earthquake off the coast of top mine supplier Chile triggered a tsunami alert, which raised supply concerns and set off a volley of technical buying.

  • Even sluggishness in China is now considered favourably since it adds to the case for stimulus, and there are signs Beijing is hastening infrastructure spending in response. Trading was cautious, however, ahead of Thursday's meeting of the European Central Bank and Friday's U.S. jobs numbers, both of which could move markets in major ways.

  • *Renesas at 3- yr high, Apple reportedly in talks to buy unit stake. TOKYO, April 2- Japan's Nikkei share average bounced back to a three-week high on Wednesday, tracking gains on Wall Street, while Renesas Electronics Corp jumped on a report that Apple is in talks to buy its stake in a chip design unit.

  • SANTIAGO, April 1- A major earthquake of magnitude 8.2 struck off the coast of Chile on Tuesday, triggering a tsunami that hit the northern part of the country, but the government said there was no serious damage and no reports of deaths. Chile is the world's No. 1 copper producer but key mining firms said there was no serious damage to their operations.

  • April 1- A tsunami warning could be issued for Hawaii due to a magnitude 8.0 earthquake that struck on Tuesday off the coast of Chile, U.S. officials said. If tsunami waves reach Hawaii they would strike at 3:24 a.m. local time on Wednesday, the Pacific Tsunami Warning Center said in a statement.

  • SANTIAGO, April 1- There is no serious damage to infrastructure or reports of victims following a massive 8.2 magnitude earthquake that struck off the coast of northern Chile on Tuesday evening, a government representative said.

  • Jiangxi Copper Co Ltd and Yunnan Copper Co Ltd, China's No.1 and No.4 producers, as well as Shenzhen Zhongjin Lingnan Nonfemet Co Ltd- a major lead and zinc producer that also makes copper- posted either profit falls or losses in 2013..

  • *BP blames competition from mega-refineries in Asia. SYDNEY, April 2- BP said on Wednesday it will cease production at its Bulwer Island refinery in Brisbane by mid 2015, blaming competition from large, more cost-effective, refineries in Asia that has piled pressure on smaller plants in Australia.


  • Senator Marco Rubio, a prominent Republican critic of President Barack Obama's healthcare law, unveiled legislation on Tuesday to make sure Obamacare would not add to the deficit by compensating insurance companies for possible losses.


  • LIMA, April 1- Authorities in Peru started evacuating communities in the southern coastal region of Ica on Tuesday after an 8.0 magnitude earthquake struck off neighboring northern Chile, RPP radio reported.

  • NEW YORK, April 1- A federal judge in Manhattan has denied a motion to grant class status to a lawsuit accusing French advertising company Publicis Group SA of discriminating against women in pay and promotions.

  • SYDNEY, April 2- BP said on Wednesday it will cease production at its Bulwer Island refinery in Brisbane by mid 2015 as it restructures its struggling refining and marketing business in Australia.

  • SANTIAGO, April 1- Chile's navy says a tsunami has already hit some areas in the north of the country following a massive earthquake offshore.

  • SANTIAGO, April 1- Global miner BHP Billiton said its Cerro Colorado mine is located far from the quake that hit northern Chile on Tuesday night and is likely unaffected.

  • SINGAPORE, April 2- Gold steadied on Wednesday after two days of losses but the precious metal continued to stay near its lowest in seven weeks as strong U.S. factory data boosted optimism about economic growth, diminishing bullion's safe-haven appeal. *Spot gold edged up 0.1 percent to $1,280.39 an ounce by 0022 GMT, not far from its seven-week low of $1,277.29.